Check back at 8:30 a.m. ET for results
SAN FRANCISCO , March 10, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Continuous Welded Pipes and Tubes - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to our digital archives and MarketGlass Research Platform
Complimentary updates for one year
Edition: 17; Released: February 2022 Executive Poll: 766 Companies: 20 - Players covered include Continental Steel & Tube Company; Garth Industrial; JFE Steel Corporation; MRC Global Inc; Nippon Steel & Sumitomo Metal Corporation; Saginaw Pipe Co., Inc; TIASCO Ltd; Wheatland Tube Company; Zhejiang Jiuli Hi-Tech Metals Co., Ltd and Others. Coverage: All major geographies and key segments Segments: Segment (Continuous Welded Pipes and Tubes) Geographies: World; USA ; Canada ; Japan ; China ; Europe ; France ; Germany ; Italy ; UK; Spain ; Russia ; Rest of Europe ; Asia-Pacific ; India ; South Korea ; Rest of Asia-Pacific ; Latin America ; Rest of World.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Global Continuous Welded Pipes and Tubes Market to Reach 23.5 Million Tons by 2026 Continuous welded pipe is a pipe with a single longitudinal seam that is formed through continuous welding process. These pipes are also referred to as Electric Fusion Welding (EFW) pipes. Continuous welding is a type of butt welding technology, in which a seam is created by subjecting the skelp to heat treatment in a furnace, and subsequently pressing the skelp mechanically so as to press the formed edges. As a result, successive coils of skelp are combined or joined, ensuring continuous flow of steel for use in the welding mill. Continuous butt welded pipes are typically small-diameter pipes, which are primarily utilized for supply of water and gas at lower costs and higher productivity. While ERW line pipes are also used in fluid and gas transmission, the Continuous welding process scores over ERW pipe production method in terms of economies associated with high volume production as the process can produce pipes at a speed of 1200 feet per minute as compared to ERW method which has a production speed of 110 ft per minute. Mills involved in producing continuous butt welded pipes are generally specialists in manufacturing on a mass scale, primarily to address the needs of gas and water supply. In these applications, low cost and high productivity hold huge significance. Since continuous weld pipes are characterized by a higher degree of malleability over ERW pipes, they are a preferred choice in applications where the pipe is required to be grooved, bent, or threaded.
Growth in the global market would be mainly driven by improvement in residential construction and infrastructure spending on projects such as airport, metros, and greenhouse structures among others. The industry also stands to benefit from the requirement to replace antiquated pipelines, especially in developed economies of the US and Europe . As CW pipes are also used in fire sprinkler systems, stringent regulatory standards, and greater industrial safety requirements along with rise in infrastructure spending are expected to drive future demand. As CW pipes face strong competition from ERW pipes, there is a constant focus on improving product quality to ensure less wattage and lower frequency of replacement. Improved infrastructure spending driven by rapid urbanization, growing focus on urban water security and the ensuing expansion of water supply networks; healthy pace of industrialization and the resulting investments in pipelines for industrial water and wastewater management are also expected to boost growth prospects. Amid the COVID-19 crisis, the global market for Continuous Welded Pipes and Tubes estimated at 19.6 Million Tons in the year 2022, is projected to reach a revised size of 23.5 Million Tons by 2026, growing at a CAGR of 4.2% over the analysis period.
The U.S. Market is Estimated at 1.6 Million Tons in 2022, While China is Forecast to Reach 10.6 Million Tons by 2026 The Continuous Welded Pipes and Tubes market in the U.S. is estimated at 1.6 Million Tons in the year 2022. The country currently accounts for a 8.52% share in the global market. China , the world's second largest economy, is forecast to reach an estimated market size of 10.6 Million Tons in the year 2026 trailing a CAGR of 5% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada , each forecast to grow at 2.2% and 2.6% respectively over the analysis period. Within Europe , Germany is forecast to grow at approximately 2.5% CAGR while Rest of European market (as defined in the study) will reach 11.1 Million Tons by the close of the analysis period. Asia-Pacific represents a major market, driven by rapid industrialization along with investment in infrastructure development projects. In developed countries of North America and Europe , majority of the operational systems have reached the fag end of their useful lifespan, necessitating extensive overhaul of the existing systems, which in turn involve enormous investments and driving demand for replacement. More
MarketGlass™ Platform Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.
Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android
About Global Industry Analysts, Inc. & StrategyR™ Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS: Zak Ali Director, Corporate Communications Global Industry Analysts, Inc. Phone: 1-408-528-9966 www.StrategyR.com Email: ZA@StrategyR.com
LINKS Join Our Expert Panel https://www.strategyr.com/Panelist.asp
Connect With Us on LinkedIn https://www.linkedin.com/company/global-industry-analysts-inc./
Follow Us on Twitter https://twitter.com/marketbytes
Journalists & Media Info411@strategyr.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/global-continuous-welded-pipes-and-tubes-market-to-reach-23-5-million-tons-by-2026--301498649.html
SOURCE Global Industry Analysts, Inc.
Nikola said on Wednesday after markets closed that it had started manufacturing its Tre battery electric vehicle (BEV) at its facility in Coolidge, Arizona on March 21. The company, which is also developing a fuel-cell-powered electric truck said it would start production of the Tre BEV truck for the European market at its factory in Germany in June 2023. Traders have a short position on about 27.5% of Nikola's free float, according to estimates from data analytics firm Ortex.
Indeed, investors are frustrated with T, but after AT&T's investor day last Monday, the opportunity appears too compelling at the current price prior to the Discovery deal closing. AT&T is set to split off Warner Bros to Discovery shareholders, which is likely to occur in mid-April. The transaction will give T shareholders 0.24 of a share of the new Warner Bros Discovery (with all current Discovery shares getting wrapped in) for each share of T. The value T is getting is extrapolated from the current value of DISCA, 71% of a $62 billion company, so at the current price of around $26 for DISCA, T holders have about $6/share in Warner Bros Discovery value.
Warren Buffett is undeniably the most closely watched, highest-profile investor in modern history. Not surprisingly, investors relentlessly clamor to match his success by analyzing his portfolio, hoping to absorb even a tiny morsel of Buffett's investment genius. Despite his unparalleled success, Buffett's investment model has always been transparent, straightforward, and consistent.
Equity investors aren't sweating Fed Chairman Jerome Powell's decision to unleash his inner hawk. Here's why.
Short-selling is banned, and Russian brokerages aren't allowed to let foreign clients sell securities.
Plug Power (NASDAQ: PLUG) is on fire this week. The stock shot up again today and was trading as high as 6.2% as of 12:20 p.m. ET. An analyst expects Plug Power stock to more than double in value as global interest in green hydrogen continues to gather steam. Morgan Stanley has been bullish about Plug Power stock for several months now.
Ark also bulked up on biotech stocks. All the stocks Wood bought and sold have slumped over the past six months.
Recently, the Chinese EV space has been beset by several worrying developments. Morgan Stanley’s Tim Hsiao counts “geopolitical tensions, pervasive Covid curbs and ADR de-listing risks” which have further impacted EV start-ups already struggling with operational challenges such as disruptions to the supply of chips, batteries and other elements. Rising EV manufacturing costs which will result in higher prices could also mean EV sales will take a hit. However, given the “continuous innovation,” i
(Bloomberg) -- Nvidia Corp., one of the largest buyers of outsourced chip production, said it will explore using Intel Corp. as a possible manufacturer of its products, but said Intel’s journey to becoming a foundry will be difficult. Most Read from BloombergPutin Adviser Chubais Quits Over Ukraine War, Leaves RussiaChina Plane Crash Update: Searchers Identify Parts of WreckageRussia Central Banker Wanted Out Over Ukraine, Putin Said NoWall Street Is Scrambling For the Exits in Moscow — and Bill
Fed Chairman Jerome Powell this week said he could see a "soft landing" for the U.S. economy despite interest rate hikes. The chairman of Icahn Enteprises, Carl Icahn, disagrees.
Shares of Nikola were rising sharply in premarket trading Thursday after the company confirmed that production has begun on its battery-electric commercial truck, the Tre. Nikola (NKLA) stock was up 9.4% to $10. The startup said production began this week at its factory in Coolidge, Arizona.
Shares of cruise tour company Carnival Corporation (NYSE: CCL) fell 2.5% through 1:55 p.m. EDT Wednesday -- its second down day in a row after missing earnings yesterday. Tic-tac-toe, three-in-a-row investment banks Stifel Nicolaus, Deutsche Bank, and Citigroup lined up to offer lower price targets on Carnival stock today. Of the three, only Stifel still has a "buy" rating on Carnival stock, noting that management "remains generally upbeat" about trends in cruise bookings for late this year and into 2023.
Nio earnings and the launch of a rival to Tesla's Model S are ahead. One analyst expects Nio stock to more than double.
In addition to the electric vehicle manufacturer Tesla, the billionaire runs many companies at the same time, including SpaceX and Neuralink.
Yahoo Finance Live looks at several of today's trending stock tickers.
Is the tech sector oversold? Wedbush’s Daniel Ives believes so, claiming it is more so than at any other point during the past 5 years. However, change is in the air, and surveying the current landscape, the 5-star analyst believes there are plenty of opportunities on offer for investors right now. One, though, stands out the most. “Since the Fed decision last week we have seen a clear ‘risk on’ mentality starting to take shape as the Street picks up high quality tech stocks at what we would cha
The FAANG grouping of stocks has been so 2021. Facebook parent Meta Platforms (FB) Amazon.com (AMZN) Apple (AAPL) Netflix (NFLX) and Google parent Alphabet (GOOGL) have struggled this year, thanks to rising interest rates, and in the case of Facebook and Netflix, softer demand.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?
EV stocks have multiplied in Tesla’s wake and as electric cars look to go mainstream. Here are the top-rated electric vehicle makers.
A Boeing 737-800 with 132 people on board crashed in southern China on Monday. Investors should keep a close eye on developments.