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Pipe Welding Market Top Key Players - Lincoln Electric, Illinois Tool Works, Linde, voestalpine Böhler Welding, Airgas, Inc., Hyundai Welding Co., Ltd., Fronius International GmbH, Miller Electric Mfg. LLC
The Pipe Welding Market research by xResearch offers market analysis of this sector, focusing on market drivers, significant industry participants, the structure and dynamics of the sector, successful company strategies, and threats and opportunities.
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Growing industrialization, expanding automation across industry verticals, and technological improvements in welding technology are the main drivers of the pipe welding market's expansion. Pipe welding market expansion will be fueled by the pipe industry's positive growth, rising oil and gas output, and rising demand for refined goods.
The use of sophisticated and automatic pipe welding machines is a result of factors like excellent performance, low maintenance, and great efficiency. This is encouraging for market expansion.
REGIONAL ANALYSIS
The world's largest market for pipe welding in 2021 was in Asia Pacific. Over the predicted period of 2022-2030, the regional dominance is expected to persist.
With several planned and current pipeline projects, Australia, India, and China are the countries that lead the market for pipe welding in Asia. With increased demand for potable water and wastewater treatment in expanding economies of Asia, steel and metal pipes, which are also utilized in water transportation, sewage pipelines, and infrastructure, are likely to see expansion. As a result, there is now more need for pipes. As a result, pipe welding is also anticipated to see a rise in demand.
The United States and Canada are part of North America. A rise in refined product production as a result of rising demand from the petrochemical industry characterizes the expansion of the North American pipe welding market.
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SEGMENTATION ANALYSIS
The market is divided into two product categories: equipment and consumables. Consumables will have the biggest market share of those in 2021. Consumables are projected to expand in popularity as end-use industries want more of them. The equipment segment is predicted to increase at the fastest rate over the projection period.
It is divided into small diameter pipe and large diameter pipe according to diameter. Large Diameter Pipes (LDPs) play a significant role in the transportation of natural gas, oil, and other fluids from remote production and refining locations to urban centers on a national and worldwide scale.
The demand for large diameter pipes is mostly influenced by the transportation of oil and gas expenditures. In industrialized economies like the United States and Europe, where pipelines are getting older, the industry hopes to gain from the continual need to replace them.
COMPANIES COVERAGE
The global pipe welding market is characterized by the presence of several leading companies. Major companies in pipe welding market includes Lincoln Electric, Illinois Tool Works, Linde, voestalpine Böhler Welding, Airgas, Inc., Hyundai Welding Co., Ltd., Fronius International GmbH, Miller Electric Mfg. LLC, Swagelok Company, Magnatech, LLC, AXXAIR, Ador Welding Limited, Xionggu Electrical Co., Ltd, and other key & niche players.
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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.
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