A recent report published by Infinium Global Research on tapping sleeves market provides an in-depth analysis of segments and sub-segments in the global as well as regional tapping sleeves market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional tapping sleeves market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global tapping sleeves market. According to the report, the global tapping sleeves market is projected to grow at a CAGR of 4.9% over the forecast period of 2019-2025.
The demand for fluid transportation such as water, wastewater, petroleum, and oil and gas products are growing primarily due to the increasing population. This fluid transportation is ever more dependent on pipelines for safer distribution & low environmental impact. Around half of the world’s population lives in urban areas and water distribution and wastewater management are more dominant in the urban space. There is increasing addition in pipeline network across the globe on the other hand, existing pipelines cannot be disturbed. In this case, pipelines are tapped to add a connection to existing pipelines.
Globally increasing pipeline network in water distribution especially in developing countries is the major driving factor of the tapping sleeves market. The demand for tapping sleeves is rising due to its benefits such as ease of installation, time-saving, reduce inventory, and reinforces pipe. Furthermore, factors such as increasing water scarcity, increasing government investment to reduce water scarcity, and new pipeline projects to transfer water from long distances are other driving factors of the market. The global demand for fluid transportation such as water, wastewater, petroleum, and oil and gas products is growing owing to the rising population. However, stiff competition from local unorganized manufacturers restraining the growth of the market. Moreover, new construction of pipeline networks especially in developing countries is expected to provide growth opportunities to the market players.
Geographically, North America dominates the global tapping sleeves market due to the huge demand for tapping sleeves in the U.S. Municipality water and sewage water systems pipeline demand is increasing the U.S. Majority of pipe demand in the U.S. is attributed to the repair and replacement market for drinking systems. The U.S. stands at the first position in terms of kilometers out of the global network of pipelines. These pipelines are used to transport fluids such as crude and petroleum products, natural gas, water, and sewage water.
The report on global tapping sleeves market covers segments such as material, inches, fluid motion, and applications. On the basis of material, the sub-markets include steel, ductile iron, and cast iron. On the basis of inches, the sub-markets include 1 to 10, 10 to 20, 20 to 30, 30 to 40, and above 40. On the basis of fluid motion, the sub-markets include liquid, gas, and oil. On the basis of applications, the sub-markets include drinking water distribution, wastewater systems, gas solution, and petroleum solution.
The report provides profiles of the companies in the market such as AMERICAN (American Cast Iron Pipe Company), The Ford Meter Box Company, Inc., Mueller Water Products, PowerSeal Corporation, JCM Industries Inc., Everett J. Prescott, Inc., UTS Engineering, Romac Industries, Inc., Robar Industries Ltd., Petersen Products Co., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of tapping sleeves market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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