Pipe Hangers & Supports Market: Comprehensive Assessment by Type, Application, and Geography
Pipe Hangers & Supports Market Trends, Growth Opportunities, and Forecast Scenarios
The Pipe Hangers & Supports market covers Pipe Hangers, Pipe Supports, etc. The typical players include Hill & Smith Holdings, Eaton (B-Line),Anvil International, Globe Pipe Hanger Products, LISEGA SE, LISEGA SE, etc.
Pipe Hanger & Support is a designed element that transfer the load from a pipe to the supporting structures. The load includes the weight of the pipe proper, the content that the pipe carries, all the pipe fittings attached to pipe, and the pipe covering such as insulation. The four main functions of a pipe support are to anchor, guide, absorb shock, and support a specified load. Pipe supports used in high or low temperature applications may contain insulation materials. The overall design configuration of a pipe support assembly is dependent on the loading and operating conditions.
Market Analysis and Insights: Global and United States Pipe Hangers & Supports Market
This report focuses on global and United States Pipe Hangers & Supports market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Pipe Hangers & Supports market size is estimated to be worth USD 1537 million in 2022 and is forecast to a readjusted size of USD 1990.1 million by 2028 with a CAGR of 4.4Percent during the review period. Fully considering the economic change by this health crisis, by Type, Pipe Hangers accounting for Percent of the Pipe Hangers & Supports global market in 2021, is projected to value USD million by 2028, growing at a revised Percent CAGR in the post-COVID-19 period. While by Application, Industrial Applications was the leading segment, accounting for over percent market share in 2021, and altered to an Percent CAGR throughout this forecast period.
Global Pipe Hangers & Supports key players include Hill & Smith Holdings, Piping Technology & Products (PTP), Eaton (B-Line), Anvil International, Globe Pipe Hanger Products, etc. Global top five manufacturers hold a share over 15Percent.
Asia-Pacific is the largest market, with a share about 35Percent, followed by Americas and Europe, both have a share about 60 percent.
In terms of product, Pipe Hangers is the largest segment, with a share about 80Percent. And in terms of application, the largest application is Industrial Applications, followed by Commercial Applications.
Global Pipe Hangers & Supports Scope and Market Size
Pipe Hangers & Supports market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Pipe Hangers & Supports market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017–2028.
For United States market, this report focuses on the Pipe Hangers & Supports market size by players, by Type and by Application, for the period 2017–2028. The key players include the global and local players, which play important roles in United States.
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Pipe Hangers & Supports Market Competitive Analysis
The Pipe Hangers & Supports Market is Highly competitive, with major players including Hill & Smith Holdings, Eaton (B-Line), Anvil International, Globe Pipe Hanger Products, LISEGA SE, Kinetics Noise Control, Piping Technology & Products (PTP), Rilco Manufacturing Company, PHD Manufacturing, Witzenmann, National Pipe Hanger Corporation, Gripple, Sunpower Group, Empire Industries, Taylor Associates, Saketh Exim (Tembo Global Industries Ltd.), Tembo Global Industries. These companies utilize Pipe Hangers & Supports to support the growing demand.
In terms of Product Type, the Pipe Hangers & Supports market is segmented into:
Types of Pipe Hangers & Supports include Pipe Hangers, Pipe Supports.
Factors that Driving the growth of the Pipe Hangers & Supports Market are Industrial Applications, Commercial Applications, Residential Applications, Others.
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Pipe Hangers & Supports Industry Growth Analysis, by Geography
The Pipe Hangers & Supports market is expected to witness substantial growth in several regions, including North America (NA), Asia Pacific (APAC), Europe, the United States (USA), and China.
It is difficult to provide specific market share percent valuations as they can vary depending on the specific factors and fluctuations in the industry. Nonetheless, these regions are expected to hold a substantial market share in the Pipe Hangers & Supports market in the coming years.
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