Los Angeles, CA -- (SBWire) -- 02/17/2019 --Pipe joint is the occupation of installing or repairing piping or tubing systems that convey liquid, gas, and occasionally solid materials. This work involves selecting and preparing pipe or tubing, joining it together by various means, and the location and repair of leaks.Pipe joint work is done in many different settings: HVAC, manufacturing, hydraulics, refineries, nuclear-powered Super carriers and Fast Attack Submarines computer chip fab plants, power plant construction and other steam systems.
Pipe components are typically used in laying pipelines that provide means of transport for fluids into and out of the building. Given that efficient pipe is a critical requirement for all buildings, demand for pipe joints and fixtures is dependent on the level of construction activity, which in turn is influenced by the overall health of the economy. The level of economic growth and construction activity primarily dictates market prospects for pipe joints.
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Rapid urbanization in developing countries will continue to drive growth in the market, since strong urban concentration will trigger increases in infrastructure expenditure, and urban planning. The creation of large megacities involves the construction of high-rise buildings and skyscrapers, which in turn increases prospects for pipe work, thus driving market prospects for pipe joints and fixtures.
Globally, pipe joints are mainly consumed in USA, Europe and China. China is the largest consumption region with consumption amount of 1512.7 M pieces in 2017. During all those regions, Asia has largest CAGR during past five years and greatest market potential.
The global Pipe Joints market is valued at 8130 million US$ in 2018 is expected to reach 12200 million US$ by the end of 2025, growing at a CAGR of 5.2% during 2019-2025.
This report focuses on Pipe Joints volume and value at global level, regional level and company level. From a global perspective, this report represents overall Pipe Joints market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Victaulic, LESSO, Mueller Water Products, Mueller Industries, Hitachi Metals, Uponor, McWane, Pipelife, Zhejiang Hailiang, Yonggao, Kangtai Pape, RWC, Asahi Yukizai, Rehau, Charlotte Pipe, Pennsylvania Machine, JFE Steel, Kazanorgsintez, Jain Irrigation Systems, Prince Pipes and Fittings, Uni-Joint
Segment by Type
Metal Pipe Joints, Plastic Pipe Joints, Other Pipe Joints
Segment by Application
Construction Industry, Petrochemical Industry, Electronic and Electrical Industry, Water Treatment Industry, Other
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Global Pipe Joints Market Is Projected to Reach US$ 12200 Mn by 2025
The Pipe Joints Industry report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.