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Pipelayers are used to lay down the essential piping systems at the construction sites. It is a skilled tradesman who lays pipe for various purposes such as for storm sewer, sanitary sewers, drains, and water mains. They typically lay down the pipes during the groundwork phase and act as a foundation for the smooth functioning of fluid systems. Pipelayers have various functions, which include rollover protection structure, fingertip controls, steering, machine direction, dash monitoring system, volt converter, and others. Technologies like product links are used to improve the overall efficiency of pipelayers, save fuel and fluids, and to avoid wear and tear of the equipment. They are available depending on the various form factors like a winch, boom, counterweight, drawbar, blocks, and hooks. Pipelayers are used in the construction and oil & gas industries for natural gas and oil distribution.
Pipelayer market based on the type is segmented into general, multi-functional, and others. The general type holds the largest share in the market owing to their preferred usage at construction sites, oil and gas industry and in transportation industries. Furthermore, the increasing construction activities around the globe and the development of the oil & gas industry are fueling the market growth of these pipelayers.
Based on the application, the pipelayer market is segmented into oil & gas, transportation, construction, and others. The oil and gas sector is expected to have a significant market share owing to the growing energy demand and transportation networks for natural gas and crude oil. In recent years the natural gas usage has increased in various sectors like power generation and in residential locations, which increases the demand for pipelayers.
The key market driver of the pipelayer market is the increasing investment in infrastructure and the oil and gas industry. The increased urbanization has led to a rise in the construction activities for residential and commercial buildings. Other market driving factors include the rollouts of smart city projects and increasing demand in the supply of natural gas to be used a fuel for various end-use applications.
The key factor restraining the growth of the market is a lack of standardization. This lack of standardization can lead to a defect in the working system like leaks and therefore affect the overall working of the supplying company.
Key Market Driver -
Heavy investments in infrastructure and oil and natural gas industry.
Key Market Restraint -
Lack of standardization which leads to inefficient operations.
Some of the major companies in the Pipelayers market are Caterpillar Inc., SCAIP, Euro Pipeline Equipment, Midwestern Manufacturing and Pipe Line Products, ShantuiGroup, China, Volvo Group, SANYGroup, Herrenknecht AG, Inter-Drain, Komatsu Construction, John Deere, and Liebherr Group.
The global pipelayer market is studied across different regions, namely North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the North America region, the major factor driving the growth of the pipelayers market is the increased emphasis on shale gas production activities. This requires a well-established network for extraction, storage, and usage of the shale gas. Further, the exploration activities for shale gas at varied locations in the region act as the opportunity for pipelayers market to grow. In Asia Pacific and Europe, the construction activities and oil and gas exploration activities have increased significantly, acting as growth opportunities for the pipelayers. Furthermore, emphasis on put on natural gas to be used as the substitute for coal activities and the residential locations are being equipped with natural gas pipelines. China and India are the countries driving market growth in the Asia Pacific region. Latin America and Middle East & Africa also hold a significant amount of the share in the market owing to the presence of a highly productive oil and gas industry. Middle east is the major oil and gas producer and therefore has a well-established network of supply and distribution lines. Latin America also holds a significant share in the market with well established crude oil network with the US and the presence of large proven oil reserves hold growth opportunities for the region.
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