Electric Resistance Welded Pipe by Application (Overview: Global Electric Resistance Welded Pipe Consumption Value, Oil & Gas, Construction, Utilities, Others), by Type (Overview: Global Electric Resistance Welded Pipe Consumption Value, Large-diameter Pipe, Small-diameter Pipe), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
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.
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.
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.
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.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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