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Registering a CAGR of 2.4% over the forecast period, the market Helical Submerged Arc Welding (HSAW) Steel Pipe was valued at USD 5.42 Billion in the year 2022.
Global Helical Submerged Arc Welding (HSAW) Steel Pipe Market Overview:
HSAW (Helical Submerged Arc Welding) is a seamless steel pipe that connects its entire length in a spiral form. These pipes are mainly used for land transportation of oil and gas, cooling water lines and water distribution in power generation facilities. Additionally, these pipes are also used in structural applications such as piling in high-rise buildings and civil works including bridges.
Helical Submerged Arc Welding (HSAW) Steel Pipe market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Helical Submerged Arc Welding (HSAW) Steel Pipe market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Major Market Segments Covered in Helical Submerged Arc Welding (HSAW) Steel Pipe Market Research:
Market Key Players:
Welspun Group, TMK, Cangzhou Steel Pipe Group, Jindal Saw, Youfa Steel Pipe Group, Baoji Petroleum Steel Pipe, American Cast Iron Pipe Company, EUROPIPE GMBH, EVRAZ North America, Nippon Steel, Shengli Oil & Gas Pipe, Borusan Mannesmann, Arcelormittal, Ki, And Others.
By Type:
By Application:
By Region:
The US market is estimated at $830.2 million in 2022, while China is expected to reach $2.3 billion by 2027. The US Helical Submerged Arc Welded (HSAW) pipe market is estimated at $730.2 million in 2021. Global market share 14.46% China, the world's second-largest economy, is expected to grow at a CAGR of 4.3% over the analysis period, reaching $2.1 billion by 2026. Other notable geographic markets are Japan and Canada, which are expected to grow by 2% and 2.2%, respectively, during the analysis period. Within the EU, Germany is expected to grow at a CAGR of around 2.1%, while the rest of the European industry (as defined in the study) will reach USD 2.4 billion by the end of the analysis period. The United States has experienced significant growth in recent years driven by factors such as the start of large-scale natural gas and shale gas exploration projects, liberalization of gas prices, and the separation of pipeline transportation from gas commercialization.
Helical Submerged Arc Welding (HSAW) Steel Pipe Market Report Scope:
Report Attributes |
Details |
Growth Rate |
CAGR of 2.3% from 2022 to 2030. |
By Type |
O.D. 18-24 Inches, O.D. 24-48 Inches, Above 48 Inches |
By Application |
Water, Oil & Gas, Construction, Chemical Industry, Other |
By Companies |
Welspun Group, TMK, Cangzhou Steel Pipe Group, Jindal Saw, Youfa Steel Pipe Group, Baoji Petroleum Steel Pipe, American Cast Iron Pipe Company, EUROPIPE GMBH, EVRAZ North America, Nippon Steel, Shengli Oil & Gas Pipe, Borusan Mannesmann, Arcelormittal, Ki |
Regions and Countries Covered |
|
Base Year |
2022 |
Historical Year |
2017 to 2022 |
Forecast Year |
2023 to 2030 |
Crucial Points from this Helical Submerged Arc Welding (HSAW) Steel Pipe Market Report
Frequently Asked Questions-
What is the CAGR of Helical Submerged Arc Welding (HSAW) Steel Pipe market?
The Helical Submerged Arc Welding (HSAW) Steel Pipe Market is growing at a CAGR of 2.3% During Forecast Period.
What are the key types of Helical Submerged Arc Welding (HSAW) Steel Pipe market?
O.D. 18-24 Inches, O.D. 24-48 Inches, Above 48 Inches
What are the key applications of Helical Submerged Arc Welding (HSAW) Steel Pipe market?
Water, Oil & Gas, Construction, Chemical Industry, Other
Who are the key players in Helical Submerged Arc Welding (HSAW) Steel Pipe market?
Welspun Group, TMK, Cangzhou Steel Pipe Group, Jindal Saw, Youfa Steel Pipe Group, Baoji Petroleum Steel Pipe, American Cast Iron Pipe Company, EUROPIPE GMBH, EVRAZ North America, Nippon Steel, Shengli Oil & Gas Pipe, Borusan Mannesmann, Arcelormittal, Ki, and others.