Press release
Oil Gas Pipes Market will Exhibit a Steady 5.1% CAGR through 2022
A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/4858
Factors Fuelling Growth of the Global Market
Growth of the global oil and gas pipes market is mainly bound to various macro-economic and micro-economic factor. Manufacturers are increasingly adopting advanced technology such as Internet of Things in order to integrate features such as sensing communication and analytical capabilities. Emerging technology integrated in the oil and gas piping system enables the manufacturers to retrieve the data about the transportation activities. Weaving advanced technology through the oil and gas pipeline has further enabled the manufacturers to optimize operations and improve reliability. Manufacturers of the oil and gas pipes will continue to benefit from the emerging technology that retrieves information regarding the piping activities.
Growing demand for oil and gas in the transportation industry is further projected to rev up demand. Moreover, increase in the number of drilling and extraction projects will continue to rev up demand for the oil and gas pipes. Demand for oil and gas pipes will also increase with the growing need to transport oil and gas resources from the production place to the main storage area. Emergence of smart technology like Internet of Things in the oil and gas pipes is further transforming the transportation and management of the oil and gas materials during the extraction and drilling projects. Integration of the piping system with enhanced technology allows the end users to monitor and retrieve data regarding the status of the pipelines, storage and transportation of materials during the offshore and onshore activities.
To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/4858
In order to ensure that safe and protective transportation of oil and gas materials, manufacturers are adopting enhanced techniques and materials that protect the pipelines and the materials from the corrosive environment and extreme temperature. Government in various countries are taking initiatives to encourage smart city developments. This has led to increasing adoption of intelligent techniques among the oil and gas pipe manufacturers. In addition, emergence of smart pigging technology enables the end users to retrieves information regarding the transportation activities and materials transported along with enhanced cleaning process. With this the end users can maintain an accurate database regarding the transportation of oil and gas materials.
However, the end users in the global market prefer opting for high-tech piping system to ensure protective transportation of oil and gas materials. Incorporating high-tech oil and gas piping system requires high investment and resources. Attributed to increasing investment, manufacturers in various developing countries prefer opting for cheaper alternatives. Moreover, installation of the high-tech piping system requires maintenance of the pipes, which could lead to additional expenses. Such factors will continue to hinder the sales of the oil and gas pipes during the forecast period.
Sales of Stainless Steel Materials to Remain High
Increasing demand for comparatively strong and protective materials for construction of pipes has led to an upsurge in demand for the stainless steel significantly. By material type, the stainless steel segment is projected represent a relatively high revenue growth, accounting for more than US$ 900 Mn by 2022-end. The stainless steel material type segment is projected to reflect a robust CAGR during the forecast period. On the basis of end users, the offshore activities segment is projected to witness the fastest CAGR, representing more than US$ 600 Mn by 2017-end. Based on application, the external transportation and distribution segment is projected to witness the fastest growth, recording more than US$ 900 Mn by 2022-end.
You can now buy a single user license of the report @ https://www.persistencemarketresearch.com/checkout/4858
Market Players
Major market player in the global market of oil and gas pipes market are Valourec S.A., Tenaris S.A., Metalurgica Gerdau S.A., Mexichem Sab de C.V., JFE Holdings Inc., JSW Steel Limited, China Steel Corporation, Aliaxis Group S.A., Arcelor Mittal S.A. and American Cast Iron Pipe Company.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
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 Oil Gas Pipes Market will Exhibit a Steady 5.1% CAGR through 2022 here
News-ID: 859127 • Views: …
More Releases from Persistence Market Research
Intra Aortic Balloon Pump Market Expected to Behold a CAGR of 2.7% through 2027
Growing prevalence of lethal diseases, such as cardiac arrest and heart failure due to changing lifestyle and eating habits is leading to increasing cardiac surgeries and procedures worldwide. Of late, intra-aortic balloon pump has emerged as a cutting-edge product in cardiac management and care. It is basically a polyethylene balloon mounted on a catheter that assists heart during both its rest phase and work phase. However, there have been occasions…
Pediatric Hearing Aids Market Size By 2025 | Top Key Players are Sonova, William …
Persistence Market Research (PMR) has recently published a new research report titled, “Pediatric Hearing Aids Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025).” Hearing aids can help improve the hearing and speech of children with sensorineural hearing loss (hearing loss in the inner ear due to damaged hearing nerve). Sensorineural hearing loss can be caused by noise, injury, infection, certain medications, birth defects, tumors, and problems…
Intra Operative Imaging Market Growth By 2024 | Top Key Players are IMRIS Inc., …
Persistence Market Research has recently published its report on the global market for intraoperative imaging, excerpts from which predict the market to be presently valued at US$ 513.9 million. According to the report, the demand for intraoperative imaging will keep surging on the grounds of increasing adoption of minimally-invasive surgeries and remarkable progress witnessed in the field of diagnostic imaging for neurosurgeries. The world’s leading medical research institutes are also…
Explosive Detection Equipment Market to Reflect Impressive Growth Rate During 20 …
Global Explosive Detection Equipment Market: Introduction
With the growing threat of terrorism across the globe, explosive detection equipment is a necessity of today’s world. The equipment used for explosive detection prevents the shipping of illegal materials, such as narcotics and small arms. Common explosives are made of organic as well as inorganic nitrogen and nitrate compounds, such as ammonium nitrate in fuel oil (ANFO) and triacetone triperoxide (TATP). There are several…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
