Electric Resistance Welded Pipe Is Set To Reach XXX million By 2033, Growing At A CAGR Of XX

Key Insights

The global Electric Resistance Welded Pipe market was valued at XXX million in 2023 and is expected to reach XXX million by 2029, a CAGR of XX% during the forecast period. Electric Resistance Welded (ERW) pipe is a type of welded steel pipe that is produced by passing a continuous strip of steel through a series of rollers that form it into a tube. The edges of the strip are then heated by an electric current and pressed together to form a welded seam. The increasing demand for ERW pipes in the construction industry is one of the major factors driving the growth of the market. ERW pipes are used in a wide range of applications, including oil and gas exploration and production, construction, and transportation. The growing demand for oil and gas in emerging economies is also expected to fuel the growth of the market.

The market is segmented by application into oil and gas, construction, utilities, and others. The construction segment is expected to account for the largest share of the market in 2023, followed by the oil and gas segment. The increasing demand for ERW pipes in the construction industry is primarily due to the growing number of infrastructure projects in developing countries. The utilities segment is also expected to witness significant growth over the forecast period, due to the increasing demand for ERW pipes in the power transmission and distribution industry. The oil and gas segment is expected to witness moderate growth over the forecast period, due to the increasing demand for ERW pipes in the offshore oil and gas industry. The increasing demand for ERW pipes in the transportation industry is also expected to fuel the growth of the market.

Electric Resistance Welded Pipe Trends

The global electric resistance welded (ERW) pipe market has been witnessing a steady growth over the past few years and is projected to reach a value of USD 15.3 billion by 2026. This growth can be attributed to the increasing demand for ERW pipes in various industries, such as oil and gas, construction, utilities, and others.

In the construction industry, ERW pipes are used in structural applications, such as beams, columns, and trusses. The increasing demand for residential and commercial buildings is driving the growth of the ERW pipe market in this sector. In the oil and gas industry, ERW pipes are used for the transportation of oil and gas, and the growing demand for energy is driving the growth of the ERW pipe market in this sector.

Driving Forces: What's Propelling the Electric Resistance Welded Pipe

• Growing demand from the oil and gas industry: The oil and gas industry is a major consumer of ERW pipes, as they are used for the transportation of oil and gas. The increasing demand for energy is driving the growth of the oil and gas industry, which in turn is driving the demand for ERW pipes.
• Rising demand from the construction industry: The construction industry is another major consumer of ERW pipes, as they are used in structural applications, such as beams, columns, and trusses. The increasing demand for residential and commercial buildings is driving the growth of the construction industry, which in turn is driving the demand for ERW pipes.
• Government initiatives to promote infrastructure development: Governments around the world are investing heavily in infrastructure development, which is driving the demand for ERW pipes. These pipes are used in the construction of bridges, roads, and other infrastructure projects.

Challenges and Restraints in Electric Resistance Welded Pipe

• Fluctuations in raw material prices: The prices of raw materials, such as steel, can fluctuate significantly, which can impact the profitability of ERW pipe manufacturers.
• Competition from other types of pipes: ERW pipes face competition from other types of pipes, such as seamless pipes and welded pipes. Seamless pipes are more expensive than ERW pipes, but they offer several advantages, such as higher strength and durability. Welded pipes are less expensive than ERW pipes, but they are not as strong or durable.
• Environmental regulations: Environmental regulations can impact the production of ERW pipes. For example, regulations on air pollution can limit the amount of emissions that ERW pipe manufacturers can release into the atmosphere.

Key Region or Country & Segment to Dominate the Market

The Asia-Pacific region is the largest market for ERW pipes, accounting for over 50% of global consumption. This growth is driven by the increasing demand for ERW pipes in the construction and oil and gas industries in this region. China is the largest consumer of ERW pipes in the Asia-Pacific region, followed by India and Japan.

The oil and gas industry is the largest segment of the ERW pipe market, accounting for over 40% of global consumption. This growth is driven by the increasing demand for ERW pipes for the transportation of oil and gas. The construction industry is the second largest segment of the ERW pipe market, accounting for over 30% of global consumption. This growth is driven by the increasing demand for ERW pipes for structural applications, such as beams, columns, and trusses.

Growth Catalysts in Electric Resistance Welded Pipe Industry

• Technological advancements: Technological advancements are improving the efficiency and quality of ERW pipe production. For example, new welding technologies are being developed that can produce stronger and more durable ERW pipes.
• Increasing demand from emerging markets: Emerging markets, such as India and China, are experiencing a growing demand for ERW pipes. This growth is driven by the increasing construction activity in these countries.
• Government incentives: Governments around the world are offering incentives to promote the use of ERW pipes. For example, some governments are offering tax breaks to companies that use ERW pipes in their construction projects.

Leading Players in the Electric Resistance Welded Pipe

• Welspun
• Jindal SAW Ltd.
• EUROPIPE GmbH
• EEW Group
• Baoji Petroleum Steel Pipe
• OMK
• JFE Steel Corporation
• SEVERSTAL
• JSW Steel Ltd.
• ArcelorMittal
• Cangzhou Steel Pipe Group (CSPG) Co., Ltd.
• Nippon Steel Corporation
• Zhejiang Kingland & Pipeline Technol-ogies Co.,Ltd.
• Arabian Pipes Company
• Borusan Mannesmann

Significant Developments in Electric Resistance Welded Pipe Sector

• In 2020, Welspun announced that it had developed a new technology for the production of ERW pipes. This technology is said to improve the strength and durability of ERW pipes.
• In 2021, Jindal SAW Ltd. announced that it had signed a contract with a major oil and gas company to supply ERW pipes for a new pipeline project. This contract is expected to generate significant revenue for the company.
• In 2022, EUROPIPE GmbH announced that it had received an order for the supply of ERW pipes for a new gas pipeline project in Europe. This order is expected to strengthen the company's position in the European ERW pipe market.

Comprehensive Coverage Electric Resistance Welded Pipe Report

This report provides a comprehensive overview of the electric resistance welded pipe market, including market trends, driving forces, challenges and restraints, key region or country and segment to dominate the market, growth catalysts, leading players, and significant developments.

Electric Resistance Welded Pipe Segmentation

• 1. Application
  • 1.1. Overview: Global Electric Resistance Welded Pipe Consumption Value
  • 1.2. Oil & Gas
  • 1.3. Construction
  • 1.4. Utilities
  • 1.5. Others
• 2. Type
  • 2.1. Overview: Global Electric Resistance Welded Pipe Consumption Value
  • 2.2. Large-diameter Pipe
  • 2.3. Small-diameter Pipe

Electric Resistance Welded Pipe Segmentation By Geography

• 1. North America
  • 1.1. United States
  • 1.2. Canada
  • 1.3. Mexico
• 2. South America
  • 2.1. Brazil
  • 2.2. Argentina
  • 2.3. Rest of South America
• 3. Europe
  • 3.1. United Kingdom
  • 3.2. Germany
  • 3.3. France
  • 3.4. Italy
  • 3.5. Spain
  • 3.6. Russia
  • 3.7. Benelux
  • 3.8. Nordics
  • 3.9. Rest of Europe
• 4. Middle East & Africa
  • 4.1. Turkey
  • 4.2. Israel
  • 4.3. GCC
  • 4.4. North Africa
  • 4.5. South Africa
  • 4.6. Rest of Middle East & Africa
• 5. Asia Pacific
  • 5.1. China
  • 5.2. India
  • 5.3. Japan
  • 5.4. South Korea
  • 5.5. ASEAN
  • 5.6. Oceania
  • 5.7. Rest of Asia Pacific