North America Electric Resistance Welded Steel Pipe Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030.
Electric Resistance Welded (ERW) steel pipes have become indispensable across various industries in North America, offering a blend of cost-effectiveness, efficiency, and adaptability. These pipes are integral to sectors such as oil and gas, construction, automotive, and chemical processing, each presenting unique application requirements.
Oil and Gas Industry
In the oil and gas sector, ERW steel pipes are essential for transporting hydrocarbons over vast distances. Their strength and resistance to corrosion make them ideal for high-pressure environments. The increasing North America energy demand has led to a surge in exploration and extraction activities, subsequently driving the need for reliable piping solutions. Notably, North America accounts for approximately 31,000 miles of planned pipelines, with 15,279 miles already under construction as of 2017.
Construction and Infrastructure
The construction industry utilizes ERW steel pipes in various applications, including scaffolding, structural supports, and water supply systems. Their durability and versatility make them suitable for building infrastructure such as stadium roofs, metro stations, and bridges. With rapid urbanization and industrialization, there's a growing demand for robust construction materials. The North American pipe market is projected to grow from USD 25.84 billion in 2023 to USD 42.65 billion by 2031, reflecting a substantial CAGR of 6.5%.
Automotive Industry
ERW steel pipes play a crucial role in the automotive sector, particularly in manufacturing body frames, supporting columns, and exhaust systems. The industry's shift towards lightweight and fuel-efficient vehicles has increased the demand for materials that offer high strength-to-weight ratios. This trend underscores the importance of ERW pipes in producing components that meet stringent performance standards.
Chemical Processing Industry
In chemical processing, ERW steel pipes are used to construct processing lines, industrial sheds, and mechanical structures. Their ability to withstand corrosive substances and high temperatures makes them suitable for transporting chemicals and gases. Sub-sectors such as petrochemicals, agrochemicals, and pharmaceuticals rely heavily on these pipes for efficient and safe operations.
As industries continue to evolve, the North America Electric Resistance Welded Steel Pipe Market is poised to expand, driven by technological advancements and the ever-growing demand for efficient and reliable piping solutions.
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Welspun
Jindal SAW Ltd.
EUROPIPE GmbH
EEW Group
Baoji Petroleum Steel Pipe
OMK
JFE Steel Corporation
SEVERSTAL
JSW Steel Ltd.
ArcelorMittal
Cangzhou Steel Pipe Group (CSPG) Co.
Ltd.
Nippon Steel Corporation
Zhejiang Kingland & Pipeline Technol-ogies Co.
Ltd.
Arabian Pipes Company
Borusan Mannesmann
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 North America Electric Resistance Welded Steel Pipe Market
Oil & Gas
Construction
Utilities
Others
Based on Types the Market is categorized into Below types that held the largest Electric Resistance Welded Steel Pipe market share In 2023.
Large-diameter Pipe
Small-diameter Pipe
North America (United States, North America 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 North America Electric Resistance Welded Steel Pipe 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. North America Electric Resistance Welded Steel Pipe Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Electric Resistance Welded Steel Pipe Market, By Type
6. North America Electric Resistance Welded Steel Pipe Market, By Application
7. North America Electric Resistance Welded Steel Pipe Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Electric Resistance Welded Steel Pipe Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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