ALBANY, New York, June 7, 2018 /PRNewswire/ --
According to a new market report published by Transparency Market Research titled "Tapping Sleeves Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026," the Global Tapping Sleeves Market is expected to reach a value of US$ 2,975 Mn by 2026. In terms of value, the market is estimated to expand at a CAGR of 5.2% during the forecast period from 2018 to 2026. In terms of volume, the market stood at around 1,815 thousand units in 2017. The Asia Pacific tapping sleeves market is projected to have the highest growth during the forecast period. The market witnessed considerable growth due to increased demand for pipelines for diverse applications.
Request a Brochure for Research Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=40307
The tapping sleeves market is influenced by market dynamics with the prime driving factor of increasing pipeline network in water distribution especially in developing countries. Out of the global network of pipelines, the U.S. stands at first position in terms of kilometers. These pipelines majorly transport fluids such as crude and petroleum products, natural gas, water, and sewage water. On the other hand, one of the main challenging factors affecting this industry is the concentration of local players from the unorganized markets, especially in Asian countries. However, the tapping sleeves market is expected to provide opportunity to players who are catering to wastewater application as countries are increasingly focusing on sewage infrastructure.
Request a PDF Sample at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=40307
In 2017, based on materials, the steel segment accounted for market value of about US$ 1212 Mn in the global tapping sleeves market. This is because steel material ensures extra safety for larger diameter pipes and is hence used in this region due to major applications which require pipe reinforcement. In terms of segment, globally, 21-30 inches range of tapping sleeves is expected to expand at the highest CAGR of about 6.1% in terms of value. As natural gas usage is improving, installation of lower diameter pipelines are rising, leading to increased sales of tapping sleeves. Additionally, transportation pipeline networks consisting of gathering systems use low pressure and small diameter pipelines. These factors are expected to showcase growth potential to tapping sleeves of 21-30 inches range. In terms of fluid motion, the liquid segment is anticipated to expand at a CAGR of about 5.8% in terms of value. Freshwater availability is expected to be strained with rising population explosion coupled with severe water stress.
Download Report TOC for in-depth analysis at https://www.transparencymarketresearch.com/report-toc/40307
Accordingly, water infrastructure is expected to further expand and aging water infrastructure is anticipated to be maintained with rising water demand. This factor is primarily responsible for the major share of tapping sleeves to the liquid segment. Furthermore, in terms of application, the drinking water distribution segment is expected to expand at the highest CAGR of 5.5% over the forecast period. The U.S. municipality water and sewage water systems pipeline demand is slowly rebounding. Majority of pipe demand is attributed to the repair and replacement market for drinking systems. By geography, North America region is expected to continue its dominant share in the tapping sleeves market with more than 30% market share. Across the North America region, the U.S holds more than 75% market share in the tapping sleeves market.
Request for Multiple Chapters on this Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=40307
The top companies considered while studying this report for the global tapping sleeves market are Mueller Water Products, AMERICAN (American Cast Iron Pipe Company), The Ford Meter Box Company, Inc., PowerSeal Corporation, JCM Industries Inc., Everett J. Prescott, Inc., Romac Industries, Inc., Robar Industries Ltd., Petersen Products Co., and UTS Engineering.
The tapping sleeves market is segmented as below.
- Steel (Fabricated, Carbon, Stainless, etc.)
- Ductile Iron
- Cast Iron
- Above 40
By Fluid Motion
- Drinking Water Distribution
- Wastewater Systems
- Gas Solution
- Petroleum Solution
- North America
- Asia Pacific
- Middle East & Africa (MEA)
- South America
Popular Research Reports by TMR:
- Tappet Market for Automobile - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026: https://www.transparencymarketresearch.com/tappet-automobile-market.html
- Stretch and Shrink Sleeves Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024: https://www.transparencymarketresearch.com/stretch-shrink-sleeves-market.html
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports strive to provide clients to serve their overall research requirement.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Research Blog: http://www.editiontruth.com/
SOURCE Transparency Market Research