Implementation of control technologies has assisted in reducing the wastage of liquid passing through the pipes and valves that result in reduction of costs, which in turn drives the growth of the global flanges market.
PORTLAND, Ore. , Aug. 25, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Flanges Market by Type (Slip-on, Socket Weld, Threaded, Others), by Material (Stainless Steel, Carbon Steel, Aluminum, Others), by Industry Verticals (Automotive, Oil and Gas, Manufacturing, HVAC, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global flanges industry was estimated at $4.50 billion in 2021, and is anticipated to hit $7.39 billion by 2031, registering a CAGR of 5.0% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chain, competitive scenario, and regional landscape.
Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/11078
Implementation of control technologies has assisted in reducing the wastage of liquid passing through the pipes and valves that result in reduction of costs, which in turn drives the growth of the global flanges market. At the same time, growing focus on increasing the production of oil & gas, especially in North America has supplemented the growth even more. Moreover, significant growth opportunities across the developed and developing regions have been beneficial for the key players in the industry.
Construction and transportation activities, along with their supply chains, were severely hampered across several industry verticals. This led to decline in the manufacturing of various construction materials as well as their demand in the market, thus impacting the global flanges market negatively.
However, industries are gradually recommencing their regular manufacturing and services, and the flanges market has also started recouping at a fast pace.
The others segment to dominate by 2031-
By type, the others segment contributed to nearly two-fifths of the global flanges market share in 2021, and is expected to lead the trail by 2031, owing to large scale application of flanges by the end users. The same segment would also garner the fastest CAGR of 5.8% during the forecast period. Segments such as slip-on, socket weld, and threaded are also covered in the report.
Get detailed COVID-19 impact analysis on the Flanges Market: https://www.alliedmarketresearch.com/request-for-customization/11078
The others segment to maintain the lion's share-
Based on material, the others segment generated more than one-fourth of the global flanges market revenue in 2021, and is expected to lead the trail by 2031. The same segment would also portray the fastest CAGR of 5.5% from 2022-2031, due to high strength and flexibility of flanges manufactured with alloy material. Segments such as stainless steel, carbon steel, and aluminum are also covered in the report.
The oil and gas segment to retain its dominance-
Based on application, the oil and gas segment held nearly one-third of the global flanges market revenue in 2021. This is attributed to the large-scale piping system in the industry. The others segment, however, would manifest the fastest CAGR of 7.3% from 2022 to 2031. This is owing to increase in general application of piping across several industries. Segments such as automotive, manufacturing, and HVAC are also analyzed in the study.
Asia-Pacific garnered the major share in 2021-
Based on region, Asia-Pacific held the major share in 2021, generating nearly two-fifths of the global flanges market. The same region would also cite the fastest CAGR of 6.0% throughout the forecast period. Rapid development in countries such as China and India propels the market growth. The other regions assessed through the report include North America , Europe , and LAMEA.
Key players in the industry-
METALFAR Prodotti Industriali S.P.A.
Outokumpu Armetal Stainless Pipe Co. Ltd (OASP)
Simtech Process Systems SSI Technologies, Inc.,
General Flange & Forge LLC
Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/connect-to-analyst/11078
The report analyzes these key players in the global flanges market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenueTrial
Pipeline Construction Market : pipeline construction market size was valued at $45.7 billion in 2021, and is projected to reach $73.1 billion by 2030, growing at a CAGR of 4.8% from 2022 to 2030
Steam Condensate Piping Market : steam condensate piping market size was valued at $4.3 billion in 2020, and is projected to reach $6.3 billion by 2031, growing at a CAGR of 3.3% from 2022 to 2031
Pipeline Monitoring Systems Market : pipeline monitoring systems market size was valued at $13,867.2 million in 2020, and is projected to reach $29,115.8million by 2030, registering a CAGR of 7.6% from 2021 to 2030
Deep Sea Mining Equipment & Technologies Market : deep sea mining equipment & technologies market size was valued at $811.9 million in 2020, and is expected to reach $72,814.2 million by 2030, registering a CAGR of 61.4% from 2021 to 2030
Water Pipeline Leak Detection Systems Market : water pipeline leak detection systems market size is expected to reach $2,349.6 million in 2027, from $1,748.6 million in 2019, growing at a CAGR of 6.8% from 2020 to 2027
Metal Pipe Market : Global Opportunity Analysis and Industry Forecast, 2021–2030
Copper Pipes and Tubes Market : Global Opportunity Analysis and Industry Forecast, 2021–2030
Pipe Relining Machine Market : Global Opportunity Analysis and Industry Forecast, 2021–2030
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA /Canada ): +1-800-792-5285, UK: +44-845-528-1300 Hong Kong : +852-301-84916 India (Pune ): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on | Facebook | LinkedIn
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/flanges-market-to-reach-7-39-bn-globally-by-2031-at-5-0-cagr-allied-market-research-301612402.html
The major stock market indexes relinquished morning gains in afternoon trading on Friday, dropping to lows for the day. Market players hit the exits on news that Russia will suspend natural gas pipeline shipments to Germany. The Nasdaq changed course, now down 0.5%. The S&P 500 has shed 0.2% while the Dow Jones Industrial Average has dropped 0.2%. The Russell...
Follow Buffett’s lead. And collect big dividends too.
In this article, we will discuss some of the best stocks to buy according to Dave Smith, Chief Investment Officer at investment management company Rockland Trust. If you want to explore similar stocks, you can also look at Long-Term Analyst: Buy These 5 Stocks. David Smith has been in the financial services industry for over […]
(Bloomberg) -- Amazon.com Inc., determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US, according to a closely watched consulting firm. Most Read from BloombergAmazon Closes, Abandons Plans for Dozens of US WarehousesGazprom Won’t Reopen Gas Pipeline in Energy Shock to EuropeStocks Suffer Third Weekly Loss on Rate-Hike Woes: Markets WrapLukoil Chairman Ravil Maganov Dies After Falling From
Cathie Wood's ARK Invest cut its stake in Nvidia ahead of the graphic chipmaker's results last month. Now it's snapped up the stock which has dropped to a 52-week low.
Donald Trump wanted to disrupt the hegemony of the Silicon Valley giants. Things don't seem to be going the way the former president wanted.
Orchid Island Capital Corp. (NYSE: ORC) is a finance company that acquires, invests in and offers financing from U.S. residential mortgage-backed securities (MBS). The Florida mortgage real estate investment trust (REIT) initiated an IPO in March 2013 at a price of $14.50. Its monthly dividend of $0.135 returned an approximate annual yield of 11%. However, in the last few years, the stock price has floundered, and ORC has reduced its dividend payment several times. Orchid’s price had recently be
Nio's August deliveries soared year over year, but there are plenty of clouds on the horizon too.
KeyBanc Capital Markets Equity Research Analyst John Vinh joins Yahoo Finance Live to discuss Broadcom earnings, chip stocks, supply chain issues, U.S. government banning the export of chips to China, and the outlook for the space.
Ready to go bottom fishing again? Any good angler can tell you that there’s plenty of good eating just waiting at the bottom of the creek, or the pond, or the lake. The same concept also holds for stocks – investors can always find some quality equities down at the market bottoms. Stocks get down there for a multitude of reasons, and the reasons aren’t always related to any fundamental flaw in the company or its share trading policies. Sometimes, it’s some idiosyncratic business move, or over-re
Finally, investors have a good reason for why the U.S. stock market will suffer above-average volatility and below-average performance this month: It’s the Fed. Relatively few advisers are focusing on this outcome — at least among the more than 100 I regularly monitor.
Yahoo Finance's Ines Ferré discusses how stocks are performing into the closing bell.
The S&P 500 broke below 4,000 this week, for the first time since the end of July. It has investors wondering: Does this mark the low point of a roller coaster ride? Stocks rose all last year, fell from January to June, rallied from July to mid-August, and now are falling again. According to Wells Fargo strategist Paul Christopher, it’s evidence that the stock rally is sputtering to a halt. Christopher writes that “Cracks in financial market liquidity are appearing,” and says of the S&P 500, “3,
Exploration and production businesses are witnessing big gains from a healthy crude price trajectory. Thus, Diamondback (FANG), Pioneer (PXD) & Matador (MTDR) are poised to benefit.
SEOUL/DETROIT (Reuters) -After grabbing the No. 2 spot in the U.S. electric vehicle market with stylish, long-range models, Hyundai Motor and Kia are the automakers with the most to lose from new rules that halt subsidies for EVs made outside North America. These two companies, which make the popular Ioniq 5 and EV6 models, sold more than 39,000 EVs in the United States between January and July – doubling last year's sales and blowing past Ford Motor Co, Volkswagen AG and General Motors Co. But the Inflation Reduction Act signed into law by U.S. President Joe Biden last month excludes Hyundai Motor Co and its affiliate Kia Corp from federal tax credits because they don't yet make EVs in North America, knocking their EV ambitions in the short term at least, a Hyundai official, parts suppliers, analysts and car dealers said.
Aurora Cannabis, Canopy Growth, OrganiGram Holdings, and Tilray Brands are all in the red yet again today.
The Dow Jones, which is comprised of 30 multinational companies, has likely outperformed the other major indexes because it's packed with profitable, time-tested businesses. What follows are three Dow stocks that are nothing short of screaming buys in September. The first Dow stock that's begging to be bought by long-term investors in September is semiconductor stock Intel (NASDAQ: INTC).
Billionaire money managers have used the sizable market downturn to buy these seven stocks at a perceived discount.
Starbucks Corp. (Nasdaq: SBUX) has chosen its replacement for interim CEO Howard Schultz, the company announced Thursday. Laxman Narasimhan, 55, CEO of the British conglomerate Reckitt Benckiser, is set to join the company in October and take the lead executive role in the spring, after getting up to speed. Previously, he has worked as PepsiCo Inc.'s global chief commercial officer and as a managing partner at global consulting firm McKinsey & Co. “We were looking for somebody that was a true servant leader that had a deep sense of humility,” Schultz told The New York Times.
The stock plummeted after the U.S. government imposed new licensing requirements for advanced chip sales. Jefferies believes the contraction presents a buying opportunity.