Press release
Global Modular Construction Market: CAGR of 5.7% and USD 14.7 Billion by 2030
๐๐๐ฉ ๐๐ฃ๐จ๐๐๐ ๐ง๐๐ฆ๐ช๐๐จ๐ฉ ๐๐ค๐ง ๐จ๐๐ข๐ฅ๐ก๐:- https://www.alliedmarketresearch.com/request-sample/12754
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ถ๐๐ฒ ๐ฎ๐ป๐ฑ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐
The global modularization market size was $9,556.0 million in 2020, and is expected to reach $14,949.0 million by 2030, with a CAGR of 5.7% from 2021 to 2030. Modularization is the act of constructing pipe spools, pipe racks, and skids at offsite fabrication yards. These products are used in oil & gas and petroleum refinery industries as they help reduce on-site construction cost & time in addition to ability of these products to sustain huge temperature conditions.
๐๐๐ ๐ ๐ ๐๐ช๐ง๐๐๐๐จ๐ ๐๐ฃ๐ฆ๐ช๐๐ง๐ฎ: - https://www.alliedmarketresearch.com/purchase-enquiry/12754
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 market, exploring its key drivers, advantages, and providing a free PDF sample for readers interested in exploring this transformative trend further.
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Several factors are fueling the growth of the modularization market. Firstly, the increasing demand for faster project completion is pushing construction and manufacturing companies to adopt modular techniques. By utilizing pre-fabricated modules, construction timelines can be significantly shortened, enabling businesses to complete projects ahead of schedule.
Secondly, modularization offers cost advantages. The controlled factory environment allows for improved efficiency in material usage, reduced waste, and decreased labor costs. These factors, coupled with shorter construction times, contribute to overall cost savings for businesses.
Additionally, the need for sustainable practices in the construction and manufacturing sectors is driving the adoption of modularization. Modular construction minimizes environmental impact by reducing waste and optimizing energy consumption during the manufacturing process. Moreover, the ability to reuse and repurpose modules in different projects enhances sustainability and reduces resource depletion.
๐ง๐ต๐ฒ ๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐
Fluor Corporation
SHV Holdings N.V. (Mammoet)
Arabian International Company for Steel Structures
Larsen & Toubro Limited (L & T Piping Center)
ENKA INSAAT VE SANAYI (CIMTAS PIPE FABRICATION AND TRADING CO. LTD.)
YENA ENGINEERING B.V.
PROSAIC STEEL AND ALLOYS
Metal Forge India
ChelPipe Group
Honeywell International Inc (Honeywell UOP)
๐๐ค ๐๐ช๐ง๐๐๐๐จ๐ ๐ฉ๐๐๐จ ๐๐ง๐๐ข๐๐ช๐ข ๐๐๐ฅ๐ค๐ง๐ฉ: - https://www.alliedmarketresearch.com/checkout-final/9c4dde013b1157ab0bf5e4acbed0f421
๐๐ป๐ฎ๐น๐๐๐ ๐ฅ๐ฒ๐๐ถ๐ฒ๐
The modularization market is revolutionizing the construction and manufacturing industries by introducing speed, efficiency, cost savings, and sustainability. As businesses increasingly embrace modular construction methods, the market is poised for continued growth and innovation. By leveraging pre-fabricated modules, companies can gain a competitive edge and deliver projects faster, more cost-effectively, and with improved quality.
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