What is Global Helical Submerged Arc Welding (HSAW) Steel Pipe Market?
The Global Helical Submerged Arc Welding (HSAW) Steel Pipe Market is a vast and complex industry that plays a crucial role in various sectors worldwide. This market revolves around the production and distribution of HSAW steel pipes, which are primarily used in the construction and infrastructure sectors. These pipes are manufactured using a specific welding technique known as Helical Submerged Arc Welding. This process involves the use of an arc of electricity to generate heat, which is then used to weld the steel pipes. The global market for these pipes is vast and diverse, with numerous players contributing to its growth and development. However, the market is not without its challenges. Factors such as fluctuating raw material prices, stringent environmental regulations, and intense competition among manufacturers can pose significant hurdles to market growth. Despite these challenges, the market continues to thrive, thanks to the increasing demand for HSAW steel pipes in various sectors, including construction, oil and gas, and water treatment, among others.
O.D. 18-24 Inches, O.D. 24-48 Inches, Above 48 Inches in the Global Helical Submerged Arc Welding (HSAW) Steel Pipe Market:
The Global Helical Submerged Arc Welding (HSAW) Steel Pipe Market is segmented based on the outer diameter (O.D.) of the pipes. These segments include O.D. 18-24 inches, O.D. 24-48 inches, and above 48 inches. Each of these segments caters to different applications and industries, thereby contributing to the overall market growth. The 18-24 inches segment is primarily used in small-scale construction and infrastructure projects, while the 24-48 inches segment is used in larger, more complex projects. The above 48 inches segment, on the other hand, is used in mega projects, such as oil and gas pipelines and water treatment plants. Each of these segments has its unique set of challenges and opportunities, which collectively shape the dynamics of the global HSAW steel pipe market.
Water, Oil & Gas, Construction, Chemical Industry, Other in the Global Helical Submerged Arc Welding (HSAW) Steel Pipe Market:
The Global Helical Submerged Arc Welding (HSAW) Steel Pipe Market finds its application in various sectors, including water, oil and gas, construction, chemical industry, among others. In the water sector, these pipes are used in the construction of water treatment plants and pipelines, while in the oil and gas sector, they are used in the construction of oil and gas pipelines. In the construction sector, HSAW steel pipes are used in the construction of buildings and infrastructure, while in the chemical industry, they are used in the construction of chemical plants and pipelines. Each of these sectors has its unique set of requirements and specifications, which the manufacturers of HSAW steel pipes must meet to ensure their products are fit for purpose.
Global Helical Submerged Arc Welding (HSAW) Steel Pipe Market Outlook:
The global Helical Submerged Arc Welding (HSAW) Steel Pipe market has shown significant growth over the years. In 2022, the market was valued at US$ 6745.6 million and is expected to reach a value of US$ 7979.7 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 2.4% during the forecast period of 2023-2029. This growth can be attributed to the increasing demand for HSAW steel pipes in various sectors, including construction, oil and gas, and water treatment, among others. Furthermore, the market's growth is also driven by the top ten manufacturers, who collectively accounted for over 50% of the total revenue in 2018. This indicates a high level of market concentration, with a few key players dominating the market.
| Report Metric | Details |
| Report Name | Helical Submerged Arc Welding (HSAW) Steel Pipe Market |
| Accounted market size in 2022 | US$ 6745.6 in million |
| Forecasted market size in 2029 | US$ 7979.7 million |
| CAGR | 2.4% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Welspun Group, Jindal Saw, Baoji Petroleum Steel Pipe, Cangzhou Steel Pipe Group, EVRAZ North America, EUROPIPE GMBH, Youfa Steel Pipe Group, TMK, Nippon Steel, American Cast Iron Pipe Company, Borusan Mannesmann, Jiangsu Yulong Steel Pipe, JFE Steel Corporation, Kingland & Pipeline Technologies, Shengli Oil & Gas Pipe, Arcelormittal, Panyu Chu Kong Steel Pipe |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
