Electrofusion fittings Market REPORT OVERVIEW
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The global electrofusion fittings market size was USD 572.7 million in 2021 and market is projected to touch USD 817.38 million by 2031, exhibiting a compound annual growth rate (CAGR) of 3.6% during the forecast period.
Electrofusion is a process of by which MDPE (Medium-density polyethylene), HDPE (High-density polyethylene) and other plastic pipes are joined by using special fittings that have built-in electric heating elements that are used to weld the joint together. Whereas, these special fittings used to connect above mentioned pipes carrying liquids are called electrofusion fittings. Fittings are available in various sizes. Pipes can be easily assembled with the use of these fittings. The direction of the pipes can be changed or their ends can be closed. Some examples of electrofusion fittings are EF 90 ͦ, EF CAP, EF COUPLER HDPE 100+, EF ELBOW 90 ͦ.
Electrofusion fittings ensures reliable gas and water flow by eliminating the potential risk of leakage. Gas is being used increasingly in many different areas and plays a vital role in our lives. For this, the pipes and fittings need to be reliable and of high quality. Also, with the help of these special fittings, Gas flow can be achieved at various angles even on uneven floors making it much easier to transport to various regions with ease. Flexible, light and high-pressure resistant pipes are needed for easy and secured water supply. HDPE pipes combined with electrofusion fittings are used to support reliable water transportation.
COVID-19 Impact: Decline in Product Demand Results to Obstructed Market Growth
The coronavirus pandemic had been typically harsh and inhibiting for machinery-based markets or startups having caused them a substantial loss globally. Because of the chaos of coronavirus breakout which was closely followed by lockdown, not only the transportation process was hindered but even the manufacturing process was pushed to a halt making situations even worse for numerous machine and equipment based companies. Even so, in the post COVID-19 period machine-based market owners were left to strengthen their supply chains, workforce, global network and financial bonds.
LATEST TRENDS
The future of the market looks encouraging with opportunities to arise from more and more regions since water and gas are counted as essential parts of our lives. They are not only required to accomplish basic human needs but also have become increasingly needed by various industries and manufacturing units for their respective requirements. Therefore, the increasing demand or water and gas supply have implicitly helped in enhancing Electrofusion fittings market growth.
Therefore, electrofusion fittings market share is all set to witness an upward trajectory in their market economy by ensuring transportation of water and gas over a wider range worldwide as well as sustaining a secure, reliable and easy supply.
Electrofusion fittings Market SEGMENTATION
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- Based on Type
The market categorizes into Coupler Electrofusion Fittings, Connection Electrofusion Fittings and Others.
Connection Electrofusion Fittings is the leading part of the application segment.
- By Application
The market categorizes into Water Pipeline Systems and Gas Pipeline Systems.
Water Pipeline Systems the leading part of the application segment.
DRIVING FACTORS
"Increasing Demand of Water and Gas Supply Increases Market Development "
Water and gas transportation systems and infrastructure have witnessed significantly increased use and demand in both, developed as well as developing regions across the globe in recent years which have assisted in market expansion considerably. Furthermore, water and gas demand by the industry sector is considered as bonus as it contributes greatly towards market advancement. Additionally, different regions are getting connected more and more to the world which adds to the increasing awareness regarding advanced technology of water and gas supply systems thus eventually adding to the electrofusion fittings market growth.
RESTRAINING FACTORS
"High Investment For Product Manufacturing and Development Restricts Market Growth"
The market requires high investment to stabilize the market economy especially after severe complications caused due to COVID-19. The market will require a strong source of financial support to regain the lost steadiness by maintaining the required workflow in the manufacturing as well as transportation units. Also, promotion and launch of the new products will require solid funding. To get such strong and trusted funding source is no easy task in market sector which hampers the market develment.
Electrofusion fittings Market REGIONAL INSIGHTS
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"Europe to Overshadow the Market Globally Owing to High Manufacturing Rates"
Europe to overshadow the market due to substantial number of manufacturing units in these region as well as very strong financial support. In addition, Europe has a massive workforce which is required to sustain such a large working unit plus an added advantage of high government investments in industry sectors. Moreover, Europe has an extensive and massive network with rest of the world that increases product transportation success rates to a much wider reach promising to boast the market to great extents.
KEY INDUSTRY PLAYERS
"Key Market Players to Emphasize on Product Development to Increase Market Growth"
Key players are expected to labor themselves with tasks to advance the current product so as to meet the ever-growing demand of the population and to keep their product up to date. Key players are also highly focused to increase market sales by expanding their networks and relations worldwide so as to maximize product transportation. Market participants are also working on designing new products by keeping in mind the latest market demands and trends with the implementation of modern technology and latest research.
List of Market Players Profiled
- Aliaxis (Belgium)
- GF (Switzerland)
- Plasson (Israel)
- Wavin (Netherlands)
- Cangzhou Mingzhu (China)
- Radius (United States)
- Geberit (Switzerland)
- Polypipe (Italy)
- Rehau (Germany)
- Agru (austria)
- Egeplast (Turkey)
- Nupi (Italy)
- Fusion Group (England)
- Hidroten (Spain)
REPORT COVERAGE
This report has been thoroughly prepared to brief about the current market status along with the situation the market might face in near future. COVID-19 impacts that have been harsh and unforgiving on this particular have also been discussed absorbedly. All the affecting driving and restraining factors have also been covered exclusively as a result of detailed analysis. This analysis also highlights prominent key players, market network, workforce base, transportation details and enfolds every other market affecting aspect. Segmentation on the basis of type and application have also been precisely outlined.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 572.7 Billion in 2021 |
Market Size Value By |
US$ 817.38 Billion by 2031 |
Growth Rate |
CAGR of 3.6% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the electrofusion fittings market expected to touch by 2031?
The global electrofusion fittings market is expected to touch USD 817.38 million by 2031.
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What CAGR is the electrofusion fittings market expected to exhibit by 2031?
The CAGR of the electrofusion fittings market is expected to be 3.6% by 2031.
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Which are the driving factors of the electrofusion fittings market?
Following is the driving factors of the market: Increasing demand of water and gas supply increases market development.
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Which are the top companies operating in the electrofusion fittings market?
Aliaxis, GF, Plasson, Wavin, Cangzhou Mingzhu, Radius, Geberit, Polypipe, Rehau, Yada, Agru, Egeplast, Nupi, Fusion Group, Hidroten.