Press release
Engineering Pipe Hanger and Support Market 2021 Expected to reach US$ 348 million with 74.8% CAGR Forecast to 2031
Engineering Pipe Hanger and Support Market 2021-2031
Global engineering pipe hanger and support sales are set to be valued at US$ 348 Mn in 2021, with balanced long-term projections, according to latest insights by Persistence Market Research. The report estimates the market to expand at around 4.8% CAGR from 2021 to 2031.
Request for Free Sample Report of “Engineering Pipe Hanger and Support” Market @ https://www.persistencemarketresearch.com/samples/32891
Demand from midstream and downstream process in oil & gas refineries are expected to play a pivotal role in the utilization of this equipment. CAPEX investments in thermal and nuclear power generation, petrochemicals, and fertilizer plants are also projected to complement market growth over the coming years.
Due to the COVID-19 pandemic, the market is understood to have witnessed a plunge of nearly 2% in FY2020, but is expected to recover sharply over the next 3 quarters. Production activities as well as new investment projects for almost all end-use industries were stalled, thus affecting market expansion. Subsequent growth in the next fiscal is however projected to witness a V-shape recovery rate as economic activity goes back to pre-crisis levels.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Piping Technology and Products Inc., Rilco, Bergen Pipe Support, National Pipe Hanger, Lisega SE, and PHD Manufacturing and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Engineering Pipe Hanger and Support.
Key Takeaways from Market Study
Development of new technologies based on feedstock, such as light crude and mixed crude, is expected to positively impact supply, and adoption of COTC (crude oil to chemicals) is expected to gain popularity.
Demand for engineering pipe hangers and supports is rising due to increase in infrastructural need of people, which also includes power generation plants and other such end uses.
Companies are following the strategy of developing existing products for providing more strength to materials so that they can support the load of pipelines and the fluid flowing into them.
Undergoing research and development is being done by players in the market focusing on increasing the load bearing capacity of hangers and supports for transferring more fluid (oil and gas) through pipelines.
High demand from oil and gas refineries make capacity increment feasible
Variable spring hangers and supports bear less amount of load then constant hangers and supports, but vary according to requirement.
Installation and commissioning will see strong gain over other applications. The market will also see demand from Greenfield projects in power generation plants and other related end-use industries.
Power generation will be the leading end user due to expansion of generation capacities in thermal and nuclear power projects with the required infrastructure to support processes.
Due to global COVID-19 pandemic, there was a certain drop in Greenfield projects as well as in Brownfield projects in developed regions of Europe and North America. Demand for Greenfield projects are high for expanding business in emerging markets such as Asia Pacific.
Key manufacturers are continuously emphasizing on cash flow and driving investments to innovate products so as to achieve growth and generate revenue.
“Increasing demand from ongoing and forthcoming projects for expansion and new building of pipelines in end-use industries will ascend demand for engineering pipe hangers and supports,” says a Persistence Market Research analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Engineering Pipe Hanger and Support Market Manufacturers
Engineering Pipe Hanger and Support Market Distributors/Traders/Wholesalers
Engineering Pipe Hanger and Support Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
If you have any special requirements, please let us know and we will offer you the report as you want.
View Table of Contents, Figures, and Tables@ https://www.persistencemarketresearch.com/market-research/engineering-pipe-hanger-and-support-market/toc
Major Highlights of the Engineering Pipe Hanger and Support Market Report:
The Engineering Pipe Hanger and Support Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
The report dives deeper into the market and explains the dynamic factors bolstering market growth.
The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
The report analyzes the Engineering Pipe Hanger and Support Market presence across major regions of the world.
It determines the production & consumption capacities and demand & supply dynamics of each regional market.
The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
If you have any special requirements, please let us know and we will offer you the report as you want and also We Provide you Table of Content.
Click Here to Buy/Pre-Book this Report@ https://www.persistencemarketresearch.com/checkout/32891
Media Contact:
Persistence Market Research
305 Broadway,7th Floor New York City, NY 10007 United States
Call +1-646-568-7751
Call +1 800-961-0353
sales@persistencemarketresearch.com
About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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 Engineering Pipe Hanger and Support Market 2021 Expected to reach US$ 348 million with 74.8% CAGR Forecast to 2031 here
News-ID: 2527711 • Views: …
More Releases from Persistence Market Research
Soybean Derivatives Market to Hit $390.8B by 2033, Growing at 4.5% CAGR
The global soybean derivatives market is poised for sustained expansion, driven by growing demand across food, feed, and industrial applications. The market is projected to be valued at US$ 288.1 billion in 2026 and is expected to reach US$ 390.8 billion by 2033, reflecting a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2026 to 2033. This growth underscores the continued significance of soybean derivatives as…
Europe Electric Vehicle Market to Reach US$ 571.9 Bn by 2033 as Tesla, Volkswage …
The Europe electric vehicle market is witnessing unprecedented growth, driven by increasing consumer awareness, government policies promoting sustainability, and rapid advancements in electric mobility technologies. As countries across Europe adopt stricter emission regulations and incentivize the adoption of electric vehicles (EVs), manufacturers are accelerating their transition from conventional vehicles to electric alternatives. This shift is not only redefining the automotive industry but is also shaping the region's energy, transportation, and…
Nutmeg Butter Market to Reach $57.6M by 2033, Driven by Rising Demand in Food
The global nutmeg butter market is witnessing significant growth, driven by rising demand from the cosmetic, pharmaceutical, and food industries. The market is estimated to be valued at US$ 39.1 million in 2026 and is projected to reach US$ 57.6 million by 2033, reflecting a compound annual growth rate (CAGR) of 5.7% over the forecast period from 2026 to 2033.
The growth of the nutmeg butter market is largely attributed to…
eVTOL Aircraft Market to Reach US$ 8,079.7 Mn by 2033 as Joby Aviation, Lilium, …
The global eVTOL Aircraft market is emerging as one of the most dynamic sectors within advanced air mobility, showing remarkable growth due to technological advancements, increasing urban congestion, and rising demand for faster and more sustainable transportation solutions. eVTOL, or electric Vertical Take-Off and Landing aircraft, are redefining air travel by combining electric propulsion with vertical lift capabilities, making them suitable for urban air taxis, cargo transport, and specialized aviation…
More Releases for Pipe
How to choose Seamless Pipe vs Welded Pipe vs Spiral Welded Pipe
Seamless pipe, welded pipe, and spiral welded pipe are the three most common types. They may appear similar in appearance, but the differences are profound in essence, with the core distinction indeed stemming from manufacturing processes.
Comparison Table
FEATURE DIMENSION
SEAMLESS STEEL PIPE
LONGITUDINALLY WELDED PIPE
SPIRAL WELDED PIPE
Manufacturing Process
Solid billet piercing and rolling, no weld seam.
Steel plate/sheet is curved and welded along a longitudinal straight seam.
Steel strip is coiled at a spiral angle, forming…
Seamless casing pipe vs ERW casing pipe
Seamless steel casing pipes-casing made of seamless steel pipe as raw material
Seamless pipe refers to a steel pipe manufactured by four methods: hot rolling, cold rolling, hot drawing, and cold drawing. There is no weld seam on the pipe body itself.
ERW casing pipe-casing made of electric welded pipe as raw material
ERW pipe refers to a straight seam welded pipe manufactured through a high-frequency resistance welding process. The raw material steel…
Comparison of ERW Welded Pipe and Seamless Steel Pipe (tested by PetroChina Pipe …
1. Outer diameter tolerance
ERW steel pipe: It is cold-formed and sizing is completed by reducing the diameter by 0.6%. The process temperature is basically constant at room temperature. Therefore, the outer diameter is controlled accurately and the fluctuation range is small, which is helpful to eliminate black leather buckles.
Seamless steel tube: The hot-rolling forming process is used, and its sizing is completed at about 8000C. The raw material composition, cooling…
HDPE Pipes Market Current Trends and Detailed Study with Forecast to 2028 | Oil …
Global HDPE Pipes Market: Overview
The application of high density polyethylene (HDPE) pipes has increased in industry like chemical, electronics, and gas distribution. As a result of this extensive application, the global HDPE pipes market is witnessing a substantial growth in the forecast period of 2018 to 2028. Moreover, the growing demand for HDPE pipes in drainage and sewerage industry is another factor that is responsible for the growth of…
Global HDPE 100 Pipe Market 2017 LESSO, Cangzhou Mingzhu, Junxing Pipe, Ginde Pi …
In this report, the global HDPE 100 Pipe market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Global Market Report HDPE 100 Pipe Market Size, Status and Forecast 2022 provides Market information about Manufacturers, Countries, Type and Application.This HDPE 100 Pipe Industry report also states Company Profile, sales,…
Anti-corrosion Steel Pipe and Coating Steel Pipe
Anti-corrosion steel pipe refers to do anti-corruption treatment for the ordinary steel pipe with special technology, making the steel pipe equipped certain corrosion resistance.Generally used in waterproof, anti-rust, acid and alkali proof, anti-oxidation and so on.Different needs, different inside and outside wall corresponding anti-corrosion measures.Common are: epoxy coal tar anti-corrosion, anti-corrosion epoxy coatings, urethane paint anti-corrosion, IPN8710 water pipeline corrosion protection, non-toxic paint anti corrosion,anti-corrosion polymer coating, steel pipe lining…
