Niharika VyasThe layout of pipelines for the transportation of fluid from one location to another is called piping. Piping equipment are the high-performance instruments which serve as a transporting media for high parameter constraints like high pressure, high temperature, heavy flow and hazardous materials. Wood, fibreglass, glass, steel, aluminium, plastic, copper, and concrete are some of the materials which are generally used for the manufacturing of piping equipment. Moreover, there are many tools and equipment which fall in the piping equipment list and are used widely in the system. Separated according to the type, region and uses, the overall market outlook of this instrument is dependent on these types of equipment.
This blog reads about the market and manufacturers of various piping equipment. It further talks about the future aspects of this instrument.
Market Projection of Piping Equipment
The various types of piping equipment include gaskets, valves, flanges, actuators, pipes and fittings. The function of these tools are:
Flanges
The flange is very essential piping equipment which is used for connecting pipes, valves, pumps and other equipment. It is one of the most important equipment of the piping equipment list. Flanges assist in easy access for cleaning, inspection or modification. These can be used either by welding or screwing. The joints are manufactured by bolting together two flanges with a gasket between them which provides a seal. The various materials used to manufacture pipe flanges include stainless steel, cast iron, aluminium, brass, bronze, plastic etc. Despite the availability of many options, the most used material throughout the industry for making flanges is forged carbon steel and has machined surfaces.
The material to be used for the flange is decided while choosing the pipe because often a flange and pipe are of the same material. Mostly, all the flanges fall under the category of ASME and ASTM standards.
Actuators
The very primitive task of the actuator is to assist in the movement of the system. It is the task of this component to take care of the movement and control of any mechanism or system, for example by opening a valve.
In the oil and gas industry, actuators are installed in hazardous or explosive environments and they are responsible for the controlled movement. Most of its applications are outdoors, which is a challenge for standard pneumatic actuators because of the airline problems they vary in temperatures.
The actuators are a vital part of piping equipment list and are used in the oil and gas pipelines to enable continuous operation at the highest safe pressure. The present actuators are designed to be robust and are fully integrated systems specifically designed for outdoor use with Class I Div 2 ratings. Its market has been segregated according to type, application and region. On the basis of type, the market has been segmented as Pneumatic, Electric, Hydraulic, Mechanical, and others.
Due to the substantial improvement in the design and usage of actuators, its global market is anticipated to grow at 5.23% CAGR by 2025. Earlier in 2016, the Americas had the largest share of this market, 33.84%. The next in line was the Asia Pacific region and Europe which held 28.45% and 23.37% of the shares. Back then, the electric segment was valued for the largest market share of 32.20% and had a market value of USD 4,355.2 million. The projected growth of this market during the forecast period is at a CAGR of 5.61%.
Valves
Valves are multipurpose equipment of the oil and gas industry. Their usage varies from controlling the flow of oil in upstream to protecting the equipment by controlling the flow of oil and gas in the midstream and during the refining of crude oil in downstream. There are different types of valves, Gate valve, Globe Valve, Ball Valve, Plug Valve and Pinch valve.
The market for the valve was worth approximately USD 67.49 billion in 2017 which expects to reach USD 85.19 billion by 2023. The CAGR of growth will be 3.96% according to the analysts.
Fittings
Pipe systems require fitting for various purposes like connecting the straight pipe or tubing sections, adapting to different sizes or shapes and regulating or measuring fluid flow. They form the peripheral of pipes and majorly assist in the regulation and measurement of fluid flow.
Fittings are an important part of piping equipment list and require adequate money, time, materials and tools to install. The major market players of this equipment include Mueller Water Products, Mueller Industries, McWane, Charlotte Pipe, Ward Manufacturing (Hitachi), RWC USA, and others.
The market of pipe fittings is mainly segmented according to its variants which are; Metal Pipe, Fittings, Plastic Pipe Fittings, and Other Pipe Fittings.
These segments are striving to grow at a better CAGR every year. Each segment is making a constant effort to increase production within their existing setup. Consequently, the fittings market is prospering, and is improving its technologies to provide a leak-proof and torque-free seal as well as eliminate costly and hazardous leaks in the system. Its market is expected to reach US$ 2800 million by 2024 at a CAGR of approximately 9.1%.
Top Piping Equipment Manufacturers
Incorporated in 1977, Fittinox serves many industries including nuclear power plants, chemical and fertilizer plants, offshore platforms, thermoelectrical power stations, petrochemical plants and refinery. It produces piping fittings, forged fittings and flanges, special forgings. Its offerings from the piping equipment list are:
- Forged Fittings
- Branch Outlet/Inlet
- Special Flanges
- Butt Weld Fitting
- Special Pieces
- Special Pipes
- Urea Grade Fittings
Piping & Equipment
The company was founded in 1946 with an aim to provide safer operations to the industries. Piping & Equipment offers superior quality specialized mechanical construction services. It provides services to many industries like refining, power, chemical and process plants, and midstream energy companies. Its major offerings are:
- Capital Projects
- Construction Management
- Facilities Maintenance
Destec was incorporated in 1969 with a purpose to provide innovative solutions to the industry. The company designs and manufactures portable machine tools, partly for installation and servicing of company products, and also as a general On-Site Machining Service. Its offerings include everything from the piping equipment list and some of them are mentioned below:
- Boiler Inspection Caps
- Compact Flanges
- Door Closures
- G-Range Hub Clamp Connectors
- Subsea Connectors
With the industry making efforts to improve every year, the manufacturers from all around the world require to work in-line for a better outcome. The manufacturers need to understand that with the industry going digital, most of the purchases will take place through online platforms. This will require a quick shift from the piping equipment manufacturers’ end towards the growing online industry.
Energy Dais: An online platform for Piping and Instrumentation Companies
Energy Dais is an online fullstream platform which aims at bringing oil and gas manufacturers, buyers and suppliers on a single platform. It focuses on transforming the business of the industry by providing efficiency in all the sectors. All the manufacturers falling in any category of the piping equipment list have an opportunity to give their business a new perspective with this online platform and enhance their business efficiency. Energy Dais works with you in the following ways:
- Lead Generation
- Global Visibility
- Business Opportunities
It is helping the oil and gas industry to go unrestricted with its initiative to go digital. In this initiative, it is also trying to create a healthy marketplace for all the sectors of the industry. Visit the platform today to know more about its offerings.
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