Longitudinal Submerged Arc Welded Pipe Market Top Key Players, Industry Analysis And Forecast By 2027 | ChelPipe Group, Nippon Steel

The Latest Released Longitudinal Submerged Arc Welded Pipe market study has evaluated the future growth potential of the Global Longitudinal Submerged Arc Welded Pipe market and provides information and useful stats on market structure and size. The persistence of the research is to deliver the market knowledge and strategic insights to assist decision-makers in making informed investment decisions and identifying potential gaps and growth opportunities. Additionally, the report also finds and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities, and restraints the in Longitudinal Submerged Arc Welded Pipe market. The study includes market share analysis and profiles of players such as EUROPIPE GMBH, OMK, ChelPipe Group, Nippon Steel, EEW Group, JFE Steel Corporation, Jindal Saw, Borusan Mannesmann, SEVERSTAL, TMK, JSW Steel Ltd, Welspun Group, Arcelormittal, Arabian Pipes Company, Jiangsu Yulong Steel Pipe Co, Cangzhou Steel Pipe Group

The global Longitudinal Submerged Arc Welded Pipe market exhibited moderate growth during 2021-2027. Looking onward, the market is to grow at a CAGR of around 3.6%.

If you are a Longitudinal Submerged Arc Welded Pipe manufacturer and would like to check or understand the policy and regulatory proposal, designing clear explanations of the stakes, potential winners and losers, and options for development then this article will help you understand the pattern with Impacting Trends.

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Market Overview:

Welding is one of the critical processes employed in the manufacturing sector. The growth of the latter one has a profound impact on the former one. Manufacturing is enjoying a resurgence in Europe, one of the regions with major manufacturing output. Manufacturing is the backbone of the European economy. The ongoing 4th Industrial Revolution (Industry 4.0) is impacting manufacturing at a global level, starting with developed countries, and progressively spreading to emerging countries.

The ubiquitous use of sensors, along with the expansion of wireless communication and networks, and with the deployment of increasingly intelligent robots and machines, has the potential to transform the way manufacturing is done in Europe. Such a digital industrial revolution holds the promise of increased flexibility in production, mass customization, increased speed, better quality, and improved productivity. This scenario has created a need to strengthen the competitiveness of the European welding industry with an in-depth focus on technology.

Types of Products:

  • Oil & Gas
  • Water
  • Construction
  • Chemical Industry
  • Other

Application spectrum:

  • JCOE Process
  • UOE Process
  • Other

Market Analysis:

The European steel industry is getting back onto a more stable footing, with employment and production levels stable or rising. Imports stalled slightly in 2017 after years of relentless growth, and the expansion of steel-using sectors continued. The overall market situation of the steel sector is relatively positive. Apparent consumption increased by 1.3% in 2017, to 159 million metric tons.

Indexed steel use was up by 4.8% in construction, by 3.7% in automotive, by 6% in mechanical engineering, and by just over 7% in tubes. According to industry sources, the majority of the steel consumption in Europe happens through the welding process, which represents an increasing trend for the welding activity in the region. Additionally, this is a good opportunity for the equipment manufacturers to tap into the growing market.

Regions and Countries Level Analysis:

Growth in the Russian oil and gas industry has allowed the welded pipes market to expand in the country. This growth, coupled with the government’s plans to develop new plants in the future, has created a positive wave in the welding equipment market in Russia. In Russia, the oil and gas industry is the major contributor to the economy, and it accounts for 16% of GDP, 52% of government budget revenues, and 70% of total exports. The Russian oil and gas industry witnessed heavy investments from major companies, like Gazprom, Tatneft, Lukoil, and Rosneft.

In recent years, the value of RUB declined in the global market, resulting in low costs for entry and equipment. Russia imports several types of welding equipment from other European countries, China, and the United States, as its domestic production is low. In Russia, the import share of welding equipment is increasing significantly. In Russia, almost all the machinery and raw materials required for the production of welding equipment have to be imported. Thus, it is essential for companies to invest in R&D of the market studied, along with the implementation of state-initiated programs for enhancing the production capacities of welding equipment.

The report offers an in-depth assessment of the growth and other aspects of the Longitudinal Submerged Arc Welded Pipe market in important countries (regions), including:

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, etc.)

Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

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Highlights of the report:

A complete backdrop analysis, which contains an assessment of the parent Longitudinal Submerged Arc Welded Pipe market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and expected size of the Longitudinal Submerged Arc Welded Pipe market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging position segments and regional Longitudinal Submerged Arc Welded Pipe market

An impartial assessment of the trajectory of the market

References to companies for strengthening their foothold in the market

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Impact and Recovery Analysis of Covid-19:

The Global Market Report investigates the results of coronavirus (COVID-19) in transactions. Since December 2019, COVID-19 infection has spread to more than 180 countries around the world, with the World Health Organization saying it is a general well-being crisis. The global impact of Covid Infection 2019 (COVID-19) Square Major is now beginning to be felt and may primarily affect the 2020 market.

Customization:

The Global Longitudinal Submerged Arc Welded Pipe market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide 25% customization for any of our syndicated reports at no additional cost to all of our clients.

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