Pipe Welding Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

Pipe welding is a method of connecting two pipes. Shielded Metal Arc Welding (SMAW), Gas Metal Arc Welding (GMAW), Flux-Cored Arc Welding (FCAW), and Tungsten Inert Gas (TIG) Welding are some of the arc welding processes used in pipe and pipeline welding. Pipe welding is used in a variety of industries, including transporting natural resources to oil refineries, across state lines, and to mineral processing plants. Pipe Welding Market report by xResearch provides market analysis of this industry including market drivers, key players, industry structure and dynamics, business strategies for success, and threats or opportunities.

The major factors contributing to the growth of the pipe welding market include growing industrialization, rising automation across industry verticals, and technological advancements in welding technology. Positive growth of pipe industry supplemented by increasing oil & gas production and growth in demand for refined products, in turn, will drive the growth of pipe welding market. Factors like high performance, less maintenance, high efficiency are resulting in utilization of advanced and automatic pipe welding machines. This bodes well for growth of market.

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REGIONAL ANALYSIS

In 2021, Asia Pacific accounted for the largest market for pipe welding in the world. The regional dominance is projected to continue over the forecast period of 2022-2030.

Australia, India and China drive demand for pipe welding in Asia with numerous planned as well as ongoing pipeline projects. Steel and metal pipes, also used in water transportation, sewage pipelines and infrastructure, are expected to witness growth with rising demand potable water and wastewater treatment in emerging economies of Asia. This has increased the demand for pipes. As a result, demand for pipe welding is also expected to increase.

North American region comprises the US and Canada. The growth of the North American pipe welding market is characterized by an increase in refined product production as a result of increased demand from the petrochemical industry. In North America, gas will become more affordable in comparison to other energy sources, which will likely benefit industry demand during the period. In order to meet demand, operators will most likely continue to expand capacity and build new pipelines. These factors will have a positive impact on the pipe welding market. 

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SEGMENTATION ANALYSIS

On the basis of product, the market is categorized into equipment and consumables. Among which, consumables segment largest market share in 2021. Increasing demand for consumables from end use industries is likely to drive the growth of consumables. Equipment segment is anticipated to witness highest growth during forecast period.

On the basis of diameter, it is segmented into small diameter pipe and large diameter pipe. Large Diameter Pipes (LDPs) are a major mode of transport for natural gas, oil, and other fluids from isolated areas of production and refining to consumption centers across national and international boundaries. Large diameter pipe demand is primarily determined by spending patterns for oil and gas transportation. The industry stands to benefit from the ongoing need to replace ageing pipelines, particularly in developed economies such as the United States and Europe.

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COMPANIES COVERAGE

The global pipe welding market is characterized by the presence of several leading companies. Major companies in pipe welding market includes Lincoln Electric, Illinois Tool Works, Linde, voestalpine Böhler Welding, Airgas, Inc., Hyundai Welding Co., Ltd., Fronius International GmbH, Miller Electric Mfg. LLC, Swagelok Company, Magnatech, LLC, AXXAIR, Ador Welding Limited, Xionggu Electrical Co., Ltd, and other key & niche players.