Compressed Air Pipes & Fittings Market Size | Forecast, 2031

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The global compressed air pipes & fittings market size is expected to be worth USD 3251.3 million in 2021 and market is projected to touch USD 5499.27 million by 2031, exhibiting a compound annual growth rate (CAGR) of 5.4% during the forecast period.

Industrial operations rely heavily on compressed air as a utility service. By compressing normal air, compressed air is created. A major necessity in the textile industry, compressed air is used extensively at all stages of operations, along with electricity, water, and steam. The investment and maintenance costs are lower than the cost of energy consumption. In the production of natural and man-made textiles, choosing the right compressor system is crucial. A compressed air system can power machines with its pressure. The use of compressed air equipment is widespread, particularly in the construction, automotive, metalworking, and woodworking industries. A compressed air system eliminates the need for motors, making tools lighter and more reliable. Because air-powered tools have fewer moving parts, they are less likely to break. Even though these tools are often more powerful, compressed air systems are very efficient.

The pipes and fittings that connect everything in a compressed air system are known as pipes and fittings. Businesses relying on compressed air systems on a daily basis rely on piping to make or break their operation. The layout, installation, and maintenance of compressed air system pipes and fittings must be carefully considered, since defective and inefficient piping can result in power loss. Pressure efficiency is affected by obstructions and blockages, moisture, and sharp angles. Undersized piping is a common problem when delivering air to an application. Pipes and fittings are required for the compressor system to operate correctly. Leaks and other issues can occur if these components are of poor quality.

Global compressed air pipes & fittings market are in turmoil as a result of the growing uncertainty caused by the COVID-19 pandemic. Many countries have halted non-essential manufacturing due to government actions. China, where the virus first appeared, was forced to reduce manufacturing and work across the country. While this has begun to subside, supply chains around the world have been shaken, prompting many vendors and manufacturers to reconsider their reliance on China for goods and services. The effects of this virus have had a negative impact on buyers looking to buy drip irrigation drippers and pipe extrusion machinery. The stagnation of Chinese manufacturing has resulted in interminable lead times.

"Usage Of Compressed Air Pipes In Textile Industry To Drive The Market Growth"

It is crucial in this industry to power spinning machines, spinning mills, and other machinery for processing denim, producing yarn, and for other purposes. Airjet looms and polyester yarn production industries rely heavily on compressed air pipes. Texture adds value to finished goods by adding texture to various fabrics. In addition to these applications, it is also used for winding and dying nonwoven materials. The purpose of air compressors is to power additional tools used to clean facilities and ensure the unit's efficiency as a whole.

The market is classified into steel pipes, aluminum alloy pipes, plastic pipes, pipe fittings, and others based on type. The steel pipes segment will lead the global compressed air pipes & fittings market share throughout the forecast period.

The market is classified into machinery manufacturing, metallurgy and chemical, automotive and transportation, food and pharmaceutical, textile, paper and pulp, electrical and electronics, and others on the basis of application. The machinery manufacturing segment will lead the global compressed air pipes & fittings market share throughout the forecast period.

"Increased Demand Of Steel Pipes To Drive The Market Growth"

Steel pipes are a type of compressed air pipe. Steel pipes have many advantages, including corrosion resistance and dependability. Steel pipes are the preferred choice for a variety of construction projects, including the construction of homes and businesses. Steel pipe demand is increasing as it is being used more frequently in industrial applications and costs less than traditional pipes and tubing. Steel tubing's growing popularity in the building and construction industries is driving the growth of the compressed air pipes & fittings market. Furthermore, the low or no maintenance costs of steel tubes are a major factor in the industry's growth.

"Growth In Electronics Industry To Drive The Market Growth"

The electronics industry is developing rapidly and the growth of the same affects the overall compressed air pipes & fittings market growth due to the usage of pipes in the electronics industry.

"Disadvantages Of PVC Pipes For Compressed Air To Restrain Market Growth"

PVC pipes are very common in most industries. But, it is not recommended as a compressed air pipe because when the air is compressed inside PVC piping it can lead to the swelling of pipe and burst at high pressure, launching PVC shrapnel outward like a bomb and potentially injuring or killing anyone in close proximity. Even though pipes of different types can be used, PVC pipes are not advised for compressed air which thereby restrains compressed air pipes & fittings market growth.

"Asia Pacific To Dominate The Market Owing To Rapid Industrialization"

Asia Pacific dominates the compressed air pipes & fittings market due to rising product consumption, rapid industrialization and urbanization, population growth, and expansion of manufacturing sectors in this region. The deployment of several infrastructure projects, as well as the number of market participants, contribute to the growth of the market in this region. Although the majority of competitors in the Asia Pacific market are based in China, there are numerous local players in other Asia Pacific countries such as India and Japan. Despite steel being the most commonly used material for pipe manufacturing, plastic pipes are gaining traction in Asia Pacific, particularly in the water and wastewater drainage sectors. Other end-user industries in the global plastic pipe fittings market include oil and gas, irrigation and water use, sewage/drainage, and others.

"Leading Players Adopt Acquisition Strategies to Stay Competitive "

Several players in the compressed air pipes & fittings market are using acquisition strategies to build their business portfolios and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the global compressed air pipes & fittings market.

In the report, factors affecting the market from both demand and supply are evaluated and market dynamics during the forecast period are also forecasted. Also included in the report is a comprehensive PEST analysis of countries, which assesses the governmental, financial, and shared factors influencing their markets. Apart from all of these, the report also provides drivers, restraints, opportunities, and future trends.

Market Size Value In

US$ 3251.3 Million in 2021

Market Size Value By

US$ 5499.27 Million by 2031

Growth Rate

CAGR of 5.4% from 2021 to 2031

Forecast Period

2024-2031

Base Year

2023

Historical Data Available

Yes

Regional Scope

Global

Segments Covered

Types & Application

The Compressed Air Pipes & Fittings market is expected to reach a value of USD 5499.27 million by 2031.

The Compressed Air Pipes & Fittings market is expected to exhibit a CAGR of 5.4% by 2031.

Increased demand of steel pipes and growth in the electronics industry are some of the major driving factors of the Compressed Air Pipes & Fittings market.

The top companies in the Compressed Air Pipes & Fittings market include Atlas Copco, Parker, Ingersoll Rand, and John Guest, etc.