Water & Gas Supply Infrastructure Investments Drive Demand for Continuous Welded Pipes and Tubes, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) July 26, 2013 -- Follow us on LinkedIn –Considered as the cheapest among all steel pipes, continuous welded pipes find use in structural, plumbing, and other low pressure applications. Changing piping needs, over the years, has raised the demand for superior quality continuous welded pipes and tubes. Focus is also on developing multi-functional pipe products that facilitate in protecting the environment. Efforts in these areas have led to the development of low-temperature butt welding technology. With the dynamics of the steel pipes and tubes market closely linked to the trends in construction, oil and gas, and infrastructure development projects, the prevailing economic environment plays a vital role in influencing demand patterns. Despite the significant cut down in investments, demand for steel pipes and tubes used in water and energy supply is likely to grow driven by the rising need for water and energy services worldwide.
As stated by the new market research report on Continuous Welded Pipes and Tubes, Asia-Pacific represents the largest and the fastest growing market worldwide. Explosive population growth, widespread and rapid urbanization and ensuing government focus on developing infrastructure facilities, are factors driving growth in the region. With the existing water systems unable to meet the requirements of the growing urban population, demand for water transmission pipes is on the rise. Within Asia-Pacific, India and China offer significant opportunities due to the enormous investments being made to develop water and gas pipeline networks. In developed economies such as the United States, demand for pipes for water transmission is expected to grow driven by the pressing need to replace aging water pipe systems, as most of the pipelines are nearing their end of useful life. Shrinking water reserves and relatively low levels of investments in water infrastructure development in the recent past presents this sector as a potential area of growth for steel pipe makers.
Major players covered in the report include ChelPipe, JFE Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, and Wheatland Tube Company.
The research report titled “Continuous Welded Pipes and Tubes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a review of market trends, drivers, company profiles, and strategic industry activities. The report provides market estimates and projections for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, and Rest of Asia-Pacific), Middle East, and Latin America.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Continuous_Welded_Pipes_and_Tubes_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, 408-528-9966, [email protected]
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