The global steam condensate piping market size was valued at $ 4,296.0 million in 2020, and is projected to reach $ 6,335.6 million by 2031, registering a CAGR of 3.3% from 2022 to 2031. Steam condensate piping system is an important component of industrial steam systems. Steam condensate piping is primarily used for collecting steam condensate from steam pipes. This collected condensate can then be reused in other processes.
Steam condensate piping is available in a wide range of sizes and make materials, thereby making it applicable for large and small industrial processes. Furthermore, growing energy demands, fueled by increase in population across the globe propels construction of new power plants and petrochemical industries. Steam condensate piping is essential in these industries as it prevents degradation of steam pipes.
Rise in manufacturing and processing industries has significantly let to rise in demand for steam infrastructure; thereby creating a demand for steam condensate piping. In addition, steam condensate, which is drained out from steam main pipes retains a significant amount of heat energy, which can be reused by other processes that requires relatively less heat. However, steam condensate piping requires frequent maintenance and are relatively costly. This can restrain the growth of the steam piping market. Furthermore, improving economic conditions in developing countries are expected to positively influence the manufacturing sector, thereby; fueling demand in steam infrastructure. This is anticipated to create lucrative opportunities for the steam condensate piping market growth.
The global steam condensate piping market is segmented on the basis of piping material type, application, and region. By piping material type, the market is categorized into stainless steel, carbon steel, and others. By application, it is categorized into commercial and industrial. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted various key strategies to strengthen their market outreach and sustain the stiff competition in the market
Key companies profiled in the steam condensate piping market report include Jindal Saw Ltd., Metline Industries, Mueller Industries, Inc., Nippon Steel Corporation, Shandong Rigang Metal Material Co., Ltd, Steelmor Industries, Threeway Steel Co., Ltd, Tubacex S.A, voestalpine AG (voestalpine Rotec GmbH), and Zenith Steel Pipes & Industries Limited.
Steam condensate piping is available in a wide range of sizes and make materials, thereby making it applicable for large and small industrial processes. Furthermore, growing energy demands, fueled by increase in population across the globe propels construction of new power plants and petrochemical industries. Steam condensate piping is essential in these industries as it prevents degradation of steam pipes.
Rise in manufacturing and processing industries has significantly let to rise in demand for steam infrastructure; thereby creating a demand for steam condensate piping. In addition, steam condensate, which is drained out from steam main pipes retains a significant amount of heat energy, which can be reused by other processes that requires relatively less heat. However, steam condensate piping requires frequent maintenance and are relatively costly. This can restrain the growth of the steam piping market. Furthermore, improving economic conditions in developing countries are expected to positively influence the manufacturing sector, thereby; fueling demand in steam infrastructure. This is anticipated to create lucrative opportunities for the steam condensate piping market growth.
The global steam condensate piping market is segmented on the basis of piping material type, application, and region. By piping material type, the market is categorized into stainless steel, carbon steel, and others. By application, it is categorized into commercial and industrial. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted various key strategies to strengthen their market outreach and sustain the stiff competition in the market
Competition Analysis
Key companies profiled in the steam condensate piping market report include Jindal Saw Ltd., Metline Industries, Mueller Industries, Inc., Nippon Steel Corporation, Shandong Rigang Metal Material Co., Ltd, Steelmor Industries, Threeway Steel Co., Ltd, Tubacex S.A, voestalpine AG (voestalpine Rotec GmbH), and Zenith Steel Pipes & Industries Limited.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging steam condensate piping market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key Market Segments between 2020 and 2031.
- Extensive analysis of the steam condensate piping market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- The global steam condensate piping market forecast analysis from 2021 to 2031 is included in the report.
- Key market players within steam condensate piping market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the steam condensate piping industry
Key Market Segments
By Piping Material
- Stainless Steel
- Carbon Steel
- Others
By Application
- Commercial
- Industrial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Jindal Saw Ltd.
- Metline Industries
- Mueller Industries, Inc.
- Nippon Steel Corporation
- Shandong Rigang Metal Material Co., Ltd
- Steelmor Industries
- Threeway Steel Co., Ltd.
- Tubacex S.A
- voestalpine AG
- Zenith Steel Pipes & Industries Limited
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: STEAM CONDENSATE PIPING MARKET, BY PIPING MATERIAL
CHAPTER 5: STEAM CONDENSATE PIPING MARKET, BY APPLICATION
CHAPTER 6: STEAM CONDENSATE PIPING MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Steam Condensate Piping Market,' the steam condensate piping market size was valued at4.3 billion in 2020, and is estimated to reach $6.3 billion by 2031, growing at a CAGR of 3.3% from 2022 to 2031.Commonly observed piping material types of steam condensate piping are stainless steel, carbon steel, and other materials. Among these, the carbon steel segment accounted for the highest market share in 2020, owing to its many advantageous features such as high ductility and high resistivity toward corrosion. Further, the market is analyzed with respect to different applications such as industrial and commercial. The steam condensate piping industry is mainly driven by rise in investments in petrochemical processing plants, power plants, and other manufacturing industries. Furthermore, availability of a wide range of piping solutions also propels growth of the market. However, high overall maintenance cost of steam condensate piping system is expected to restrain the steam condensate piping market growth.
In 2020, Asia-Pacific dominated the global steam condensate piping market, in terms of revenue, followed by North America and Europe, owing to growth in manufacturing and chemical industries.
Moreover, growing energy demand across the world has positively affected the electricity production industry. Governments and private entities are constructing new power plants and expanding existing ones to meet the rising demands. This is expected to provide lucrative opportunities for growth of key players in the steam condensate piping market as steam systems are extensively used in power plants.
Furthermore, on the basis of application, the industrial segment is expected to grow significantly during the forecast period, owing to growth in number of petrochemical plants and industrial process facilities.
For instance, in 2021, Kuwait planned to construct Al Zour Refinery at a cost of16 billion. Furthermore, Egypt is focused on expanded the Middle East Oil Refinery (MIDOR), which is one of the most advanced refineries in Africa.
However, during the pandemic lockdown, various manufacturers in the steam condensate piping market had to stop their businesses in countries such as China, the U.S., and India. This break directly impacted sales of steam condensate piping manufacturing companies. In addition, lack of manpower and raw materials constricted supply steam condensate piping components; and has negatively influenced growth of the market. However, after two years of COVID-19 outbreak and introduction of vaccinations, it has now almost subsided. COVID-19 cases have now reached very insignificant levels and key players in the market are registering higher gains as of pre-COVID levels.
Key companies profiled in the steam condensate piping market report include Jindal Saw Ltd., Metline Industries, Mueller Industries, Inc., Nippon Steel Corporation, Shandong Rigang Metal Material Co., Ltd, Steelmor Industries, Threeway Steel Co., Ltd, Tubacex S.A, voestalpine AG (voestalpine Rotec GmbH), and Zenith Steel Pipes & Industries Limited.
Key findings of the Study
- The report provides an extensive analysis of the current and emerging steam condensate piping market trends and dynamics.
- Depending on piping material type, the stainless steel steam condensate piping dominated the steam condensate piping market share, in terms of revenue in 2020, the segment is projected to grow at a significant CAGR during the forecast period.
- By application, the industrial segment registered highest revenue in 2020.
- LAMEA is projected to register highest growth rate in the coming years.
The report provides an extensive steam condensate piping market forecast analysis of the current trends and emerging opportunities of the market.
In-depth steam condensate piping market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.
Companies Mentioned
- Jindal Saw Ltd.
- Metline Industries
- Mueller Industries, Inc.
- Nippon Steel Corporation
- Shandong Rigang Metal Material Co., Ltd
- Steelmor Industries
- Threeway Steel Co., Ltd.
- Tubacex S.A
- voestalpine AG
- Zenith Steel Pipes & Industries Limited
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 210 |
| Published | May 2022 |
| Forecast Period | 2020 - 2031 |
| Estimated Market Value ( USD | $ 4296 million |
| Forecasted Market Value ( USD | $ 6335.6 million |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
