According to a new market report published by Lucintel, the future of the global copper pipe and tube market looks good with opportunities in the HVAC (Heat, Ventilation, and Air Conditioning), refrigeration, industrial, electrical, plumbing, and medical industries. The global copper pipe and tube market is expected to reach an estimated $19.7 billion by 2027, and it is forecast to grow at a CAGR of 2.3% from 2022 to 2027. The major drivers for this market are increasing demand for thermal efficient heat exchange equipment, rise in construction activities, and increasing automotive production.
Browse 171 market data tables and 295 figures spread through 205 pages and in-depth TOC on “Global Copper Pipe and Tube Market"
In this market, straight length pipes, pancake pipes, LWC (Level Wound Coil) plain pipes, and LWC grooved pipes are the major product types of copper pipe and tubes. On the basis of comprehensive research, Lucintel forecasts that straight length copper pipes will remain the largest product type segment over the forecast period, as straight length pipes are mostly used in medical, plumbing, and refrigeration.
Within the global copper pipe and tube market, HVAC, refrigeration, industrial, electrical, plumbing, and medical are the major end use segments. HVAC will remain the largest end use industry over the forecast period due to increasing residential and non residential construction activities.
Asia Pacific will remain the largest region over the forecast period due to increasing demand for copper pipes and tubes in the HVAC, refrigeration, and automotive industries.
Emerging trends, which have direct impact on the dynamics of the industry, include adoption of advanced materials in copper pipes and tubes, growing demand for copper pipes in electric and hybrid vehicles, and increasing adoption of antimicrobial copper pipes. Mueller, Wieland, Hailiang, Kobelco and Materials Copper Tube (KMCT), Furukawa Electric, Mettube, Shanghai Metal, and Grupo IUSA are among the major suppliers in the global copper pipe and tube market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global copper pipe and tube market by end use, product type, diameter, pressure rating, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Copper Pipe and Tube Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global copper pipe and tube market by end use, product type, diameter, pressure rating, and region as follows:
By End Use [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
•HVAC
•Refrigeration
•Industrial
•Electrical
•Plumbing
•Medical
•Others
By Product Type [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
•Straight Length Pipes
•Pancake Pipes
•LWC Plain Pipes
•LWC Grooved Pipes
By Diameter [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
•Small Diameter Pipes
•Large Diameter Pipes
By Pressure Rating [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
•High Pressure Pipes
•Low Pressure Pipes
By Region [Value ($ Million) and Volume (Kilo Tons) from 2016 to 2027]:
•North America
oUnited States
oCanada
oMexico
•Europe
oRussia
oGermany
oUnited Kingdom
•Asia Pacific
oChina
oJapan
oIndia
•The Rest of the World
oMiddle East
This 295 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/copper-pipe-and-tube-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global copper pipe and tube market by end use (HVAC, refrigeration, industrial, electrical, plumbing, medical, others), product type (straight length pipes, pancake pipes, LWC plain pipes, and LWC grooved pipes), diameter (small diameter pipes and large diameter pipes), pressure rating (high pressure pipes and low pressure pipes), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in this market?