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Strategic Analysis of the Welding Equipment and Consumables Market in the Global Pipeline Industry
Frost & Sullivan, July 2010, Pages: 89
This study covers the state of the Global Welding Equipment and Consumable Market in Oil and Gas Pipelines, examining drivers and restraints for growth, market challenges, technology and product trends, demand and geographical trends. Following from these, market growth for regional and market segments are forecasted. In addition, an in-depth scenario analysis for construction of oil and gas pipelines market is performed, along with detailed welding equipment and consumable trends in the industry. The base year is 2009 with forecasts running through 2016. The market is further divided into three regions including Americas, EMEA and APAC .
This Frost & Sullivan research service titled Strategic Analysis of the Welding Equipment and Consumables Market in the Global Pipeline Industry provides a comprehensive analysis of the welding industry to map growth opportunities in the oil and gas pipelines industry. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: onshore pipelines, offshore pipelines, and cross-country pipelines.
Increase in Consumption of Metals due to the Construction of Onshore and Offshore Oil and Gas Pipelines Boosts the Welding Equipment and Consumables Market
The demand for welding equipment and consumables is largely determined by the worldwide consumption of steel and other metals that are increasingly used in shipbuilding, transport and fabrication of capital equipment. The construction of onshore and offshore oil and gas pipelines is driving growth in the global welding industry. Major pipeline construction companies require welding equipment, consumables, manufacturing automation, steel pipes, cables and wiring, technology expertise and training, system design and integration as well as testing, and optimisation services. Several regions in Asia Pacific, North America and Latin America have a plethora of opportunities for both new and established welding companies.
“Pipeline transportation is more beneficial than road and railway transportation,” says the analyst of this research. “Lower cost of transportation, decreased transit losses, less energy intensiveness, economies of scale, minimum disruptions of safety and reliability, and environment friendliness are some of the key benefits that give pipeline transportation of oil and gas a competitive edge.” The construction of new pipelines is expected to remain stable for the next one to two years with ongoing projects and commencement of new projects in 2010. The Greenfield cross-country pipeline projects are anticipated to drive long-term growth in this market.
However, the prices of welding equipment and consumables are being reduced to suit the budget of engineering, procurement and construction (EPC) contractors. “The major participants are constantly providing goods at lower prices to seek more contracts as the EPC contractors are decreasing the budget allocation for welding applications,” explains the analyst. The manufacturers should use resources efficiently, formulate cost-cutting strategies and attempt expanding to low-cost manufacturing locations. Additionally, they should target projects in the developing regions. “Product prices should be reduced in highly competitive markets, such as Europe and the United States,” concludes the analyst.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Onshore pipelines
- Offshore pipelines
- Cross-country pipelines
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