Steam Condensate Piping Market to Reach $6.3 Bn, Globally, by 2031 at 3.3% CAGR: Allied Market Research

Steam Condensate Piping Market to Reach $6.3 Bn, Globally, by 2031 at 3.3% CAGR: Allied Market Research

NEW CASTLE, DE, UNITED STATES, February 7, 2025 /EINPresswire.com/ -- Allied Market Research recently published a report, titled, "Steam Condensate Piping Market by Piping Material (Stainless Steel, Carbon Steel, Others), by Application (Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2020-2031." According to the report, the global steam condensate piping industry generated $4.3 billion in 2020, and is expected to reach $6.3 billion by 2031, witnessing a CAGR of 3.3% from 2022 to 2031.

▶️𝐁𝐮𝐲 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐏𝐫𝐢𝐜𝐞 @ https://www.alliedmarketresearch.com/checkout-final/78fbdb053f8dd7ca16800bb904d2c154

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬
Extensive use in various industrial applications such as sterilization, chemical cracking, and other heating processes and widening applications in industries such as paper & pulp, oil & gas refining, food processing, and others drive the growth of the global steam condensate piping market. Moreover, supportive government initiatives that include phase out old coal-fired power plants and the replacement with new natural gas-fired power plants present new opportunities in the coming years.

𝐓𝐡𝐞 𝐜𝐚𝐫𝐛𝐨𝐧 𝐬𝐭𝐞𝐞𝐥 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝 𝐬𝐭𝐚𝐭𝐮𝐬 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝
Based on piping material, the carbon steel segment accounted for the highest market share in 2020, contributing to nearly half of the global steam condensate piping market, and is estimated to maintain its lead status throughout the forecast period. This is attributed to its cost-effectiveness. However, the stainless steel segment is expected to manifest the fastest CAGR of 3.5% from 2022 to 2031, owing to its benefits such as high resistance to corrosion and long life.

𝐓𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐬𝐭𝐚𝐭𝐮𝐬 𝐛𝐲 𝟐𝟎𝟑𝟏
Based on application, the industrial segment held the highest share in 2020, accounting for around 94% of the global steam condensate piping market, and is projected to maintain its leadership status by 2031. Moreover, this segment is projected to witness the highest CAGR of 3.3% from 2022 to 2031. This is due to extensive use of steam systems in various manufacturing and processing industries. The report also analyzes the commercial segment.

▶️ 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-sample/A16415

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏
Based on region, Asia-Pacific contributed to the highest market share in terms of revenue in 2020, accounting for nearly half of the global steam condensate piping market, and is projected to continue its lead position by 2031. This is attributed to large number of manufacturing and processing industries. However, LAMEA is estimated to witness the largest CAGR of 4.2% during the forecast period. This is due to increase in investments in the African region and considerable growth of the manufacturing industry in Latin America.

Leading Market Players

Jindal Saw Ltd.
Metline Industries
Mueller Industries, Inc.
Nippon Steel Corporation
Shandong Rigang Metal Material Co., Ltd
Steelmor Industries
Threeway Steel Co., Ltd.
Tubacex S.A
Voestalpine AG
Zenith Steel Pipes & Industries Limited

▶️ 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠:
https://www.alliedmarketresearch.com/purchase-enquiry/A16415

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