Industrial Pipe Clamps Market size is anticipated to reach USD 4 Billion by the end of 2036, growing at a CAGR of 3% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of industrial pipe clamps was over USD 2 Billion. The market for industrial pipe clamps is expanding as a result of the growing emphasis on energy efficiency and sustainability. The objective of doubling the average global rate of energy efficiency gains by the end of the decade has been adopted by forty-six nations worldwide. According to recent data, worldwide energy intensity increased by slightly over 2% in 2022 but will need to quadruple to 4% yearly by 2030 to satisfy global efficiency targets. This would raise economic output per unit of energy utilized by 40% if it were accomplished. This will help to put the world on a safe and affordable road towards net zero emissions and promote sustainable economic growth. Robust pipe systems with dependable clamps are essential for attaining the energy efficiency and environmental impact reduction goals of enterprises.
The bulk of copper used in plumbing systems is somewhat tougher, does not react to water, and maintains its neutral and non-toxic state even after prolonged use for longer periods, despite its reputation as a malleable metal. Copper pipe clamps will remain in good condition for decades because they do not rust when exposed to dampness. They are prized for their attractive appearance as well. when applied to exposed ductwork and plumbing. Superior thermal properties extend their lifespan in both hot and cold-water systems, especially in the face of ongoing expansion and contraction.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 3% |
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Base Year Market Size (2023) |
~ USD 2 Billion |
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Forecast Year Market Size (2036) |
~ USD 4 Billion |
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Regional Scope |
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Type (Cast Iron, Stainless Steel, Copper, Aluminium, PVC)
Stainless steel industrial pipe clamps market is expected to hold 38% of the revenue share during the forecast period. Stainless steel pipe clips are a sturdy, long-lasting option because of their improved rigidity and resilience to these causes of discoloration or structural degradation. Stainless steel clamps can have long-term issues due to a few things, most notably frequent exposure to saltwater and other trace minerals, but overall, they're a great option for a variety of demanding indoor and outdoor applications. Consequently, a major factor driving the growth of the industrial pipe clamps market is stainless steel pipe clamps. Furthermore, stainless steel pipe clamps are recommended to guarantee the durability and dependability of the pipe systems in industries like oil and gas, chemical processing, and food & beverage where pipes come into contact with corrosive substances. For instance, the worldwide chemical sector brought in over USD 4.7 trillion in sales overall. As a result, these factors are driving the market's expansion in this segment.
Application (Construction, Water & Wastewater, Oil & Gas, Chemical & Petrochemical, Pulp & Paper)
The oil & gas segment from the industrial pipe clamps market is anticipated to hold a share of 36% by the end of 2036. The increasing demand for gas and oil around the world is driving up production, transportation, and exploration efforts. Pipe systems that move gas and oil from extraction sites to refineries and distribution networks are therefore in greater demand. Systems for oil and gas are exposed to harsh conditions and high pressures. For these pipe systems to remain stable and intact, industrial pipe clamps are essential. The safe and effective operation of oil and gas infrastructure depends on their assistance in securing the pipes, stopping leaks, and reducing vibrations. Additionally, as a result of technological advancements and the exploration of unconventional gas and oil deposits like shale gas and deepwater drilling, specialized pipe systems and associated clamps.
Our in-depth analysis of the global industrial pipe clamps market includes the following segments:
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Type |
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Application |
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European Market Forecast
European industrial pipe clamps market is expected to hold the largest share of 37% during the forecast period. The expansion can be attributed to the notable surge in the construction sector and the augmented government funding for infrastructure development initiatives within the member states of the area. For instance, in 2020, the EU's construction industry brought in over USD 1.85 trillion, with specialist construction accounting for the largest portion of this revenue. Furthermore, the chemical and petrochemical sectors in the area have grown significantly in recent years, and this trend is probably going to continue over the projection period, which will support the expansion of the regional industrial pipe clamps market.
North American Market Statistics
Industrial pipe clamps market in North America is poised to hold a significant share of 26% during the projected period. The region's market is growing because of the expansion of sectors like manufacturing, construction, and oil & gas. Pipe systems that are dependable and efficient are necessary for these industries to move gases, fluids, and other products. Industrial pipe clamps are therefore in high demand in order to support and secure large pipe systems. North America has also been making investments in the improvement of its infrastructure, which includes erecting new buildings, bridges, and pipelines. This emphasizes the extra requirement for pipe clamps in order to guarantee the integrity and stability of the pipe systems. Further, the usage of increasingly complex and specialized pipe systems has resulted from technological breakthroughs and the adoption of automation in various industries.
Author Credits: Rushikesh, Richa Gupta
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