Lucintel Forecasts Large Diameter Pipe Market To Reach $145 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the large diameter pipe market is projected to reach an estimated $145 billion by 2030 from $108 billion in 2023, at a CAGR of 3.9% from 2024 to 2030. Growth in this market is primarily driven by increasing investment in water and wastewater management, rise in infrastructure spending, and replacement of aging pipelines.
A more than 150–page report to understand trends, opportunities and forecast in large diameter pipe market by material (metal pipes, plastic pipes, concrete pipes, and others), application (potable water pipes, wastewater pipes, oil and gas pipes, industrial pipes, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel predicts that the demand for plastic pipes is likely to experience the highest growth in the forecast period, supported by growing demand in wastewater and industrial applications. On the basis of its comprehensive research, Lucintel forecasts that wastewater and potable water pipes are expected to show above average growth during the forecast period.
Within the large diameter pipe market, the wastewater ...
... pipe segment is expected to remain the largest application segment. The growth of residential and commercial construction and the boom in infrastructure development in developing economies are expected to spur growth for this segment over the forecast period.
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Asia Pacific is expected to remain the largest market and it is also projected to have the highest growth over the forecast period due to high growth in construction and infrastructure development, especially in China and India.
Major players of large diameter pipe market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Tenaris SA, Chelpipe Group, OAO TMK, Vallourec SA, Welspun Corp. Ltd. are the major suppliers in the large diameter pipe providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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