Press release
Modularization Market Analysis, Size, Share, Growth, Key Trends and Forecast To 2030 | Key Players SHV Holdings N.V. (Mammoet), Fluor Corporation, Larsen & Toubro Limited
Modularization Market
Increase in drilling, and exploration activities for oil in the various countries such as Qatar, China, Japan, and others is expected to cater the growth of the market. In addition, factors such as surge in adoption of stainless-steel pipe, owing to its aesthetic look, robust, and long durable features, and rise in use of piping spools, pipe racks, and skids in end users such as petroleum and transport are anticipated to garner the growth of the global modularization market.
Download Sample PDF (250 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/12754
Covid-19 scenario:
The Covid-19 pandemic delayed manufacturing and closed production facilities of pipe, spools, pipe skids, and pipe racks. Moreover, the lockdown regulations and ban on international trade hampered the supply chain.
During the pandemic, the demand for oil and gas reduced significantly, which hampered the demand for pipes and spools. In addition, the prolonged lockdown resulted in increased prices of raw materials.
The report segments the global modularization market on the basis of service, material, end-user industry, and region.
Based on service, the report is divided into prefabricated pipes (spool), process skid fabrication, process & pipe rack modules, and others. The prefabricated pipes (spools) segment held the largest share in 2020, contributing to more than two-fifths of the market. However, the process skid fabrication segment is estimated to portray the highest CAGR of 5.0% from 2021 to 2030.
Get detailed COVID-19 impact analysis on the Modularization Market @
https://www.alliedmarketresearch.com/request-for-customization/12754
On the basis of material, the report is classified into stainless steel, carbon steel, alloy steel, and others. The stainless steel segment is projected to manifest the highest CAGR of 5.2% during the forecast period. However, the carbon steel segment held the lion’s share in 2020, accounting for more than half of the market.
The global modularization market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific dominated in 2020, holding nearly one-third of the market. Moreover, the region is projected to showcase the highest CAGR of 5.0% during the forecast period.
Speak to Analysts @ @ https://www.alliedmarketresearch.com/connect-to-analyst/12754
Global Modularization Market Segments
By Service
Prefabricated Pipes (Spools)
Process Skid Fabrication
Process & Pipe Rack Modules
Others
By Material
Stainless Steel
Carbon Steel
Alloy Steel
Others
Key Findings Of The Study:
The report provides an extensive analysis of the current and emerging global modularization market trends and dynamics.
By service, prefabricated pipes (spools) segment was the largest revenue generator in 2020.
By end user industry, petroleum refineries segment generated the highest revenue in 2020.
Region wise, Asia-Pacific is anticipated to dominate the global modularization market throughout the study period.
The report provides an extensive analysis of the global modularization market trends and emerging opportunities of the market.
The global modularization market forecast analysis from 2021 to 2030 is included in the report.
Read More @ https://www.globenewswire.com/news-release/2021/08/05/2275812/0/en/Global-Modularization-Market-to-Generate-14-94-Billion-by-2030-Allied-Market-Research.html
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Modularization Market Analysis, Size, Share, Growth, Key Trends and Forecast To 2030 | Key Players SHV Holdings N.V. (Mammoet), Fluor Corporation, Larsen & Toubro Limited here
News-ID: 2353408 • Views: …
More Releases from Allied Market Research
IOT in Agriculture Market Overview, Analysis by Top Key Players and Forecast, 20 …
IOT in agriculture market size was estimated at $27.1 billion in 2021 and is estimated to reach $84.5 billion by 2031, registering a CAGR of 12.6% from 2022 to 2031.
The IoT in agriculture market is experiencing significant growth due to multiple key drivers. These include the increasing need for real-time data analytics, the expanding adoption of cloud-based platforms, and the rising demand for automation and control technologies across various industries…
Aerospace Adhesives Market Size, Trends, Key Insights and Forecast, 2023 - 2032
The aerospace adhesives industry was valued at $0.9 billion in 2022, and is estimated to reach $1.5 billion by 2032, growing with a CAGR of 5% from 2023 to 2032.
The aerospace industry is being transformed with the aid of the adoption of superior production techniques such as additive manufacturing (3-D printing) and automated assembly tactics. In response to this shift, aerospace adhesives can adapt by means of formulating adhesives which…
Anhydrous Milk Fat Market Size Worth $6.0 Billion by 2031 With CAGR of 7.2%
The global anhydrous milk fat industry generated $3.0 billion in 2021 and is estimated to generate $6.0 billion by 2031, witnessing a CAGR of 7.2% from 2022 to 2031.
Rise in disposable income of people, surge in expenditure on high-quality food products, expansion of food and beverage industry, growth in consumer preference for western cuisine, rise in investments in the dairy sector drive the global anhydrous milk fat market. On the…
Construction Equipment Market to Hit New Heights by 2031, Rising at 4.8% CAGR wi …
Construction equipment refers to specially engineered machinery designed to perform or support various construction activities. These machines include wheel bulldozers, front loaders, dump trucks, backhoe loaders, graders, crawler dozers, compactors, excavators, forklifts, concrete mixer trucks, and more. Each type of equipment serves distinct functions such as drilling, hauling, excavating, paving, grading, and lifting. Beyond construction and infrastructure projects, construction equipment also finds applications across industries like manufacturing and oil &…
More Releases for Modularization
Modularization Automotive Front End Market Size, Share, Growth, and Analysis: 20 …
The global market for Modularization Automotive Front End was estimated to be worth US$ 7990 million in 2023 and is forecast to a readjusted size of US$ 11070 million by 2030 with a CAGR of 4.5% during the forecast period 2024-2030
2024 Market Report by QYResearch "Modularization Automotive Front End - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030" provides an extensive examination of Modularization Automotive Front…
Middle East Modularization Market Trends, Top Key Players, Segments and Forecast …
The Middle East Modularization Market is driven by rapid industrialization, urbanization, and a growing demand for cost-effective, efficient, and sustainable construction solutions. Modularization, also known as prefabrication or offsite construction, involves the assembly of building components in a controlled factory environment and their subsequent transportation to the construction site. This approach offers numerous advantages, making it an attractive choice for various industries in the region.
The Middle East modularization market…
The Booming Modularization Market: A Game-Changer in Construction and Manufactur …
In recent years, the global construction and manufacturing industries have witnessed a significant shift toward modularization. This innovative approach involves the production of pre-fabricated components or modules that can be easily assembled on-site, streamlining the construction process and increasing efficiency. The modularization market is experiencing rapid growth as businesses recognize its numerous benefits, ranging from cost savings to enhanced sustainability. In this blog post, we will delve into the modularization…
Modularization Market Expected to Reach $14.9 Billion by 2030 With A CAGR Of 5.7 …
According to a new report published by Allied Market Research, titled, "Global Modularization Market by Service, Material, and End User Industry: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global modularization market size accounted for $9.5 billion in 2020, and is expected to reach $14.9 billion by 2030, registering a cagr of 5.7% from 2021 to 2030. In 2020, Asia-Pacific dominated the market, in terms of revenue, accounting for about…
Process Modularization to drive the Household Insecticides Market
Many chemical substitutes have entered the chemicals' market, these help in eradicating hazards related to usage dangerous materials. This indirectly helps boost overall valuation of chemical and materials industry in various ways. According to the latest research conducted by Persistence Market Research on the household insecticides market, global demand is all set to witness high growth at a CAGR of 6.9% over the assessment period of 2021-2031. Rising concerns regarding…
Process Modularization To Drive The Wool Market
A new wool market research report published by the Persistence Market Research (PMR) about the global wool market during 2014-2018 and forecast for 2019-2029 provides important insights about the dynamics, trends, volume, and value. According to the study, in 2018, the value of global wool market was approximately US$ 33.8 Bn. This value is expected to grow over the forecast period (2019-2029) to reach nearly US$ 49 Bn by 2029-end.
To…
