Piping System and Piping Spools Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
A pipe spool is the component of a piping system. The piping system consists of several raw pipes and pipe fittings such as elbows, flanges, and others that are fabricated on-site or in fabrication shops. It is generally used in power plants, oil & gas, and chemical industries. The growing exploration and drilling activities for oil around the world are anticipated to boost the growth of the global piping system and piping spools market during the forecast period.
MARKET DYNAMICS
The rising focus of governments on new exploration and drilling activities for oil & gas to fulfill the increasing energy demand is driving the growth of the piping system and piping spools market. However, the fluctuation in raw material prices may hamper the growth of the piping system and piping spools market. Moreover, an increase in investment in oil & gas refinery project and expansion of pharmaceuticals and shipbuilding and marine industries are expected to influence the demand for the piping system and piping spools market.
MARKET SCOPE
The "Global Piping System and Piping Spools Market Analysis to 2028" is a specialized and in-depth study of the piping system and piping spools industry with a special focus on the global market trend analysis. The report aims to provide an overview piping system and piping spools market with detailed market segmentation as material, end-user, and geography. The global piping system and piping spools market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading piping system and piping spools market players and offers key trends and opportunities in the piping system and piping spools market.
MARKET SEGMENTATION
The global piping system and piping spools market is segmented on the basis of material, end-user. On the basis of material the market is segmented as stainless steel, carbon steel, alloy steel, others. On the basis of end-user the market is segmented as power plant, petroleum refineries, offshore, shipbuilding and marine, chemical and fertilizers, pharmaceuticals, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global piping system and piping spools market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The piping system and piping spools market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting piping system and piping spools market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the piping system and piping spools market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global piping system and piping spools market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The piping system and piping spools market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting piping system and piping spools market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the piping system and piping spools market in these regions.
MARKET PLAYERS
The reports cover key developments in the piping system and piping spools market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Piping system and piping spools market are anticipated to lucrative growth opportunities in the future with the rising demand for piping system and piping spools in the global market. Below mentioned is the list of few companies engaged in the piping system and piping spools market.
The report also includes the profiles of key piping system and piping spools companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Arabian International Co for Steel Structure (AIC).
- CCI Leidingsystemen B.V.
- ChelPipe Group
- Cimtas Pipe Fabrication and Trading Co Ltd.
- Cogbill Construction LLC
- Dee Piping System
- Metal Forge India
- Prosaic Steel and Alloys
- U.S. Pipe
- Yena Engineering B.V.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
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![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
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1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Piping System And Piping Spools Market - By Material
1.3.2Piping System And Piping Spools Market - By End-user
1.3.3Piping System And Piping Spools Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.PIPING SYSTEM AND PIPING SPOOLS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTERâ™S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.PIPING SYSTEM AND PIPING SPOOLS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.PIPING SYSTEM AND PIPING SPOOLS MARKET - GLOBAL MARKET ANALYSIS
6.1.PIPING SYSTEM AND PIPING SPOOLS - GLOBAL MARKET OVERVIEW
6.2.PIPING SYSTEM AND PIPING SPOOLS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.PIPING SYSTEM AND PIPING SPOOLS MARKET - REVENUE AND FORECASTS TO 2028 â" MATERIAL
7.1.OVERVIEW
7.2.MATERIAL MARKET FORECASTS AND ANALYSIS
7.3.STAINLESS STEEL
7.3.1.Overview
7.3.2.Stainless Steel Market Forecast and Analysis
7.4.CARBON STEEL
7.4.1.Overview
7.4.2.Carbon Steel Market Forecast and Analysis
7.5.ALLOY STEEL
7.5.1.Overview
7.5.2.Alloy Steel Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.Others Market Forecast and Analysis
8.PIPING SYSTEM AND PIPING SPOOLS MARKET - REVENUE AND FORECASTS TO 2028 â" END-USER
8.1.OVERVIEW
8.2.END-USER MARKET FORECASTS AND ANALYSIS
8.3.POWER PLANT
8.3.1.Overview
8.3.2.Power Plant Market Forecast and Analysis
8.4.PETROLEUM REFINERIES
8.4.1.Overview
8.4.2.Petroleum Refineries Market Forecast and Analysis
8.5.OFFSHORE, SHIPBUILDING AND MARINE
8.5.1.Overview
8.5.2.Offshore, Shipbuilding and Marine Market Forecast and Analysis
8.6.CHEMICAL AND FERTILIZERS
8.6.1.Overview
8.6.2.Chemical and Fertilizers Market Forecast and Analysis
8.7.PHARMACEUTICALS
8.7.1.Overview
8.7.2.Pharmaceuticals Market Forecast and Analysis
8.8.OTHERS
8.8.1.Overview
8.8.2.Others Market Forecast and Analysis
9.PIPING SYSTEM AND PIPING SPOOLS MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Piping System And Piping Spools Market Overview
9.1.2North America Piping System And Piping Spools Market Forecasts and Analysis
9.1.3North America Piping System And Piping Spools Market Forecasts and Analysis - By Material
9.1.4North America Piping System And Piping Spools Market Forecasts and Analysis - By End-user
9.1.5North America Piping System And Piping Spools Market Forecasts and Analysis - By Countries
9.1.5.1United States Piping System And Piping Spools Market
9.1.5.1.1United States Piping System And Piping Spools Market by Material
9.1.5.1.2United States Piping System And Piping Spools Market by End-user
9.1.5.2Canada Piping System And Piping Spools Market
9.1.5.2.1Canada Piping System And Piping Spools Market by Material
9.1.5.2.2Canada Piping System And Piping Spools Market by End-user
9.1.5.3Mexico Piping System And Piping Spools Market
9.1.5.3.1Mexico Piping System And Piping Spools Market by Material
9.1.5.3.2Mexico Piping System And Piping Spools Market by End-user
9.2.EUROPE
9.2.1Europe Piping System And Piping Spools Market Overview
9.2.2Europe Piping System And Piping Spools Market Forecasts and Analysis
9.2.3Europe Piping System And Piping Spools Market Forecasts and Analysis - By Material
9.2.4Europe Piping System And Piping Spools Market Forecasts and Analysis - By End-user
9.2.5Europe Piping System And Piping Spools Market Forecasts and Analysis - By Countries
9.2.5.1Germany Piping System And Piping Spools Market
9.2.5.1.1Germany Piping System And Piping Spools Market by Material
9.2.5.1.2Germany Piping System And Piping Spools Market by End-user
9.2.5.2France Piping System And Piping Spools Market
9.2.5.2.1France Piping System And Piping Spools Market by Material
9.2.5.2.2France Piping System And Piping Spools Market by End-user
9.2.5.3Italy Piping System And Piping Spools Market
9.2.5.3.1Italy Piping System And Piping Spools Market by Material
9.2.5.3.2Italy Piping System And Piping Spools Market by End-user
9.2.5.4United Kingdom Piping System And Piping Spools Market
9.2.5.4.1United Kingdom Piping System And Piping Spools Market by Material
9.2.5.4.2United Kingdom Piping System And Piping Spools Market by End-user
9.2.5.5Russia Piping System And Piping Spools Market
9.2.5.5.1Russia Piping System And Piping Spools Market by Material
9.2.5.5.2Russia Piping System And Piping Spools Market by End-user
9.2.5.6Rest of Europe Piping System And Piping Spools Market
9.2.5.6.1Rest of Europe Piping System And Piping Spools Market by Material
9.2.5.6.2Rest of Europe Piping System And Piping Spools Market by End-user
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Piping System And Piping Spools Market Overview
9.3.2Asia-Pacific Piping System And Piping Spools Market Forecasts and Analysis
9.3.3Asia-Pacific Piping System And Piping Spools Market Forecasts and Analysis - By Material
9.3.4Asia-Pacific Piping System And Piping Spools Market Forecasts and Analysis - By End-user
9.3.5Asia-Pacific Piping System And Piping Spools Market Forecasts and Analysis - By Countries
9.3.5.1Australia Piping System And Piping Spools Market
9.3.5.1.1Australia Piping System And Piping Spools Market by Material
9.3.5.1.2Australia Piping System And Piping Spools Market by End-user
9.3.5.2China Piping System And Piping Spools Market
9.3.5.2.1China Piping System And Piping Spools Market by Material
9.3.5.2.2China Piping System And Piping Spools Market by End-user
9.3.5.3India Piping System And Piping Spools Market
9.3.5.3.1India Piping System And Piping Spools Market by Material
9.3.5.3.2India Piping System And Piping Spools Market by End-user
9.3.5.4Japan Piping System And Piping Spools Market
9.3.5.4.1Japan Piping System And Piping Spools Market by Material
9.3.5.4.2Japan Piping System And Piping Spools Market by End-user
9.3.5.5South Korea Piping System And Piping Spools Market
9.3.5.5.1South Korea Piping System And Piping Spools Market by Material
9.3.5.5.2South Korea Piping System And Piping Spools Market by End-user
9.3.5.6Rest of Asia-Pacific Piping System And Piping Spools Market
9.3.5.6.1Rest of Asia-Pacific Piping System And Piping Spools Market by Material
9.3.5.6.2Rest of Asia-Pacific Piping System And Piping Spools Market by End-user
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Piping System And Piping Spools Market Overview
9.4.2Middle East and Africa Piping System And Piping Spools Market Forecasts and Analysis
9.4.3Middle East and Africa Piping System And Piping Spools Market Forecasts and Analysis - By Material
9.4.4Middle East and Africa Piping System And Piping Spools Market Forecasts and Analysis - By End-user
9.4.5Middle East and Africa Piping System And Piping Spools Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Piping System And Piping Spools Market
9.4.5.1.1South Africa Piping System And Piping Spools Market by Material
9.4.5.1.2South Africa Piping System And Piping Spools Market by End-user
9.4.5.2Saudi Arabia Piping System And Piping Spools Market
9.4.5.2.1Saudi Arabia Piping System And Piping Spools Market by Material
9.4.5.2.2Saudi Arabia Piping System And Piping Spools Market by End-user
9.4.5.3U.A.E Piping System And Piping Spools Market
9.4.5.3.1U.A.E Piping System And Piping Spools Market by Material
9.4.5.3.2U.A.E Piping System And Piping Spools Market by End-user
9.4.5.4Rest of Middle East and Africa Piping System And Piping Spools Market
9.4.5.4.1Rest of Middle East and Africa Piping System And Piping Spools Market by Material
9.4.5.4.2Rest of Middle East and Africa Piping System And Piping Spools Market by End-user
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Piping System And Piping Spools Market Overview
9.5.2South and Central America Piping System And Piping Spools Market Forecasts and Analysis
9.5.3South and Central America Piping System And Piping Spools Market Forecasts and Analysis - By Material
9.5.4South and Central America Piping System And Piping Spools Market Forecasts and Analysis - By End-user
9.5.5South and Central America Piping System And Piping Spools Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Piping System And Piping Spools Market
9.5.5.1.1Brazil Piping System And Piping Spools Market by Material
9.5.5.1.2Brazil Piping System And Piping Spools Market by End-user
9.5.5.2Argentina Piping System And Piping Spools Market
9.5.5.2.1Argentina Piping System And Piping Spools Market by Material
9.5.5.2.2Argentina Piping System And Piping Spools Market by End-user
9.5.5.3Rest of South and Central America Piping System And Piping Spools Market
9.5.5.3.1Rest of South and Central America Piping System And Piping Spools Market by Material
9.5.5.3.2Rest of South and Central America Piping System And Piping Spools Market by End-user
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.PIPING SYSTEM AND PIPING SPOOLS MARKET, KEY COMPANY PROFILES
11.1.ARABIAN INTERNATIONAL CO FOR STEEL STRUCTURE (AIC)
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.CCI LEIDINGSYSTEMEN B.V.
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.CHELPIPE GROUP
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.CIMTAS PIPE FABRICATION AND TRADING CO LTD.
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.COGBILL CONSTRUCTION LLC
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.DEE PIPING SYSTEM
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.METAL FORGE INDIA
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.PROSAIC STEEL AND ALLOYS
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.U.S. PIPE
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.YENA ENGINEERING B.V.
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Arabian International Co for Steel Structure (AIC)
2. CCI Leidingsystemen B.V.
3. ChelPipe Group
4. Cimtas Pipe Fabrication and Trading Co Ltd.
5. Cogbill Construction LLC
6. Dee Piping System
7. Metal Forge India
8. Prosaic Steel and Alloys
9. U.S. Pipe
10. Yena Engineering B.V.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.