Pipeline Connecting Accessories Market: Introduction
- Pipeline accessories refer to fittings and adaptors used to connect straight pipes or tube sections, adaptable to various shapes and sizes, for several purposes such as measuring and regulating the fluid flow. These accessories are often used in lightweight piping, primarily flexible piping to be supplied in coiled form.
- Pipeline accessories are ideal to transport liquid waste, liquid, and gas in domestic or commercial environments. They are a crucial components in piping and plumbing systems.
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Key Drivers & Restrains of Pipeline Connecting Accessories Market
- Increase in investments in construction of inter- and intra-pipeline network to cater to the demand for energy is expected to drive the pipeline connecting accessories market during the forecast period. For instance, in August 2019, GAIL (Gas Authority of India Limited) announced to invest US$ 6.25 billion for construction of National Gas Grid and city gas distribution network across the country over the next five years. Pipeline accessories help remove the trapped air and prevent any malfunction of the process equipment, which is further expected to fuel the market.
- Rise in demand for transportation of fuel such as crude oil, gas, and petroleum products over large distances via pipelines, due to their cost-effectiveness and reliability, drives the demand for expansion of pipeline, which in turn is anticipated to propel the pipeline connecting accessories market.
- Availability of alternative modes to transport fuel is anticipated to hamper the market during the forecast period
Steel Segment Expected to Hold Major Share of Global Pipeline Connecting Accessories Market
- The global pipeline connecting accessories market can be segmented based on type, material, and region
- In terms of type, the global pipeline connecting accessories market can be divided into air vent, sight glass, moisture separator, strainers, air eliminators, and others. The strainers segment is expected to expand considerably due to the ability of strainers to eliminate unwanted detrimental materials or elements from the pipeline that could harm the connected systems or devices.
- In terms of material, the global pipeline connecting accessories market can be classified into steel, copper, poly vinyl chloride, and ABS. Steel is extensively used to manufacture pipeline connecting accessories due to its low cost and mechanical properties such as durability, corrosion resistance, and machinability. Steel pipes are used in several residential and commercial applications to transfer propane fuel or natural gas. The copper segment is also anticipated to expand during the forecast period, as it copper offers high resistance to corrosion.
North America Expected to Hold a Major Share of Global Pipeline Connecting Accessories Market
- In terms of region, the global pipeline connecting accessories market can be divided into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
- The pipeline connecting accessories market in North America is expected to expand at a significant pace during the forecast period. This expansion can be attributed to a surge in the demand for pipeline infrastructure from the upstream sector to transport their products. Furthermore, ongoing investments in exploration & production of conventional & unconventional sources of energy is a key factor driving the market.
- This market in Asia Pacific is anticipated to expand at a significant CAGR during the forecast period, due to an increase in spending for the expansion of pipeline networks. Furthermore, surge in investments in construction of city gas distribution facilities is projected to propel the market.
- The pipeline connecting accessories market in Europe is also projected to expand during the forecast period, due to a rise in the demand for imported gas. As per BP stats, net pipeline gas import accounted for 82% of total gas import across Europe in 2018.
- The pipeline connecting accessories market in Middle East & Africa and Latin America is projected to expand at a sluggish pace during the forecast period owing to an increase in capital expenditure in subsea projects, which fuels the demand for pipeline infrastructure to transport fuel
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Key Players Operating in Global Pipeline Connecting Accessories Market
Leading companies operating in the global pipeline connecting accessories market include:
- Pro-line Fittings Inc.
- Pipeline Products India
- Canada Pipeline Accessories
- Keckley Company
- Flotech Inc.
- Ryan Herco Flow Solutions
- Anvil International
- Mueller Co., LLC.
- Crane Co.
Global Pipeline Connecting Accessories Market: Research Scope
Global Pipeline Connecting Accessories Market, by Type
- Air Vent
- Sight Glass
- Moisture Separator
- Air Eliminators
Global Pipeline Connecting Accessories Market, by Material
- Poly Vinyl Chloride
Global Pipeline Connecting Accessories Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.