Pipe Clamp Market: Market Overview
A pipe clamp is a type of clamp often used in piping structure for various end use verticals. Pipe clamps are suitable for the fixing of light, medium-weight and heavy pipelines made from different materials. The capacity of the clamp is determined by the length of the pipe used. When referring to piping, pipe clamps are used to connect the pipe to the pipe hanger assembly.
Furthermore, pipe clams are also used pipe clamping also helps to achieve damping vibration along with the providing supports to the loosening of joints and welds. The high impact forces encountered in various end use verticals are damped by using pipe clams and cannot be transmitted. In addition, the right choice of pipe clamp material can also prevent loosening of joints and consequent leakage in the piping structure or system.
Owing to the use of pipe clamps in various piping application the global market for pipe clams is foreseen to grow by witnessing significant growth over the course of forecast duration. However, expected near term latency in the end use verticals due to the financial impacts of the global pandemic of COVID-19 to the worldwide business is set to hamper the growth of the pipe clam market in near term forecast.
COVID-19’s Impact on the Global Pipe Clamp Market
The global outbreak of the novel coronavirus has impacted drastically on the business economy of the world. Most of the leading economies are witnessing a downfall due to stagnancy in the businesses amid imposition of nationwide lockdowns to battle with the pandemic. This is having an exponential effect on the demand and supply side and hitting the players operating in the global pipe clamp market. The COVID-19 outbreak has put the global supply chains at risk which may further cause sluggish growth in the global pipe clamp market in near future.
Pipe Clamp Market: Market Segmentation
For a better understanding, global pipe clamp market can be segmented on the basis of product, end use industry & Region.
Based on the product, the Pipe Clamp market can be segmented as:
- Rigid Clamps
- U-Bolt Clamps
- Flat Cushion Clamps
- Oval Clamps
- U-Bolt with Cushion Clamps
- P Style Clamps
- Swivel Bolt Clamps
Based on the end use industry, the pipe clamp market can be segmented as:
- Oil and Gas
- On Shore
- Off Shore
- Water Distribution
Based on the region, the Pipe Clamp market can be segmented as:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
Collectively, East & South Asia to Account for Considerable Share of the Global Pipe Clamp Market
Developing countries in Asia Pacific region such as China, India and ASEAN Countries are poised to lead the region to dominate the global pipe clamp market with majority revenue share. This is attributed to significant growth chemical industry coupled with the growing need for water distribution in the region which has created demand for pipe clamp.
Also, China and ASEAN Countries have become manufacturing hub of the world which has created considerable demand for the pipes and pipe clamps in the region. High degree of exports operations from the region has given significant forward lunge to the goods transportation industry which has created substantial demand for pipe clamps.
Furthermore, ever growing population in East & South Asian countries, increasing, rapid urbanization & industrialization coupled with focus towards changing the aging water infrastructure are the factors indirectly reinforcing the demand for pipe clamp in the global market.
The Pipe Clamp Market Competitive Landscape
The global pipe clamp market is highly fragmented in nature. Some of the players in operating in the global pipe clamp market are Rilco, Wilhelm Ungeheuer Söhne GmbH, BPC Engineering, STAUFF, MÜPRO Services GmbH, Piping Technology & Products, Lian Seng Hardware, Rohrbefestigungen Hammerschmid GmbH, Metalac Sever, ZER KELEPCE IMALAT VE TICARET LTD.STI., Walraven, UGURFIX, Wenzhou Lisin Technology and others.
The Pipe Clamp Market report covers exhaustive analysis on:
- Pipe Clamp Market Segments
- Pipe Clamp Market Dynamics
- Pipe Clamp Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain