Modular Pipe Support System Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
Looking ahead to the 2023-2033 period, the demand for modular pipe support systems is expected to continue its upward trajectory, albeit with different market dynamics. Emerging economies in Asia-Pacific and Latin America are set to become major consumers due to rapid industrialization, infrastructure development, and the rise of energy projects. The market in these regions is likely to experience a boost, as modular systems help meet the increasing demand for more efficient and cost-effective infrastructure solutions. However, as industries evolve and focus on sustainable practices, the market may shift towards more eco-friendly materials and designs. The integration of advanced technologies such as 3D modeling and automation in pipe support systems will further drive market expansion.
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The global modular pipe support system market has experienced significant growth from 2018 to 2022, driven by increasing demand across various industries such as construction, oil and gas, power generation, and chemical industries. The market saw the introduction of innovative pipe support designs, contributing to enhanced structural integrity and better performance under varying conditions. As industries across the globe became more focused on optimizing operations and improving structural safety, the demand for modular pipe support systems surged. These systems offered a cost-effective and efficient solution compared to traditional custom-designed supports. The period from 2018 to 2022 was marked by a steady increase in demand, driven by the need for greater sustainability, improved safety standards, and the adoption of automation in construction and industrial projects.
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MIDFIX
Hilti
Sikla
HALFEN
MPSS
Walraven
Strutfast
I&M
LISEGA
Graphskill
Fixotec
Anchorage
StrongBack
Mechano Max
Eaton
Hitech Supports
Vestadezh
Unistrut
ASC
MIRO Industries
Carpenter & Paterson
Gripple
Flexistrut
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Modular Pipe Support System Market
Oil and Gas Industry
Power Generation
Chemical Industry
Water and Wastewater Treatment
Construction Industry
Mining Industry
Other
Based on Types the Market is categorized into Below types that held the largest Modular Pipe Support System market share In 2023.
Type U
Type L
Type G
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Modular Pipe Support System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Modular Pipe Support System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Modular Pipe Support System Market, By Type
6. Global Modular Pipe Support System Market, By Application
7. Global Modular Pipe Support System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Modular Pipe Support System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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