According to the recent research report titled ‘Global Helical Submerged Arc Welded (HSAW) Steel Pipe Market (2022 Edition) - Analysis By Diameter, Application, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2022-2027), available with MarketStudyReport, global helical submerged arc welded (HSAW) steel pipe market accounted for USD 5.42 billion in 2021 and is expected to register healthy growth rate over the study timeline.

Increasing number of aging pipeline infrastructure and growing investments in oil and gas sector amidst rising energy consumption are some of the drivers contributing to global helical submerged arc welded steel pipe market growth.

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HSAW pipes are primarily utilized for water distribution and onshore gas and oil transmission. These pipes are also employed in civil engineering projects like the construction of bridges and high-rise structures for structural purposes like piling. However, as steel grades and production techniques have advanced through time, its use in high-pressure applications has increased significantly.

As a result, the companies could profit off from the ongoing focus to repair outdated pipelines, particularly in advanced economies like the U.S. and Europe.

By application scope, this marketplace is divided into construction, oil & gas, water, chemicals, and others. The oil & gas segment is expected to expand considerably during the forecast duration. The growing population and the ensuing rise in demand for potable water and public infrastructure are also driving up demand for HSAW pipes in non-oil and gas applications.

In terms of diameter, this marketplace is bifurcated into 18-24 inches, above 48 inches, and 24-48 inches. The 24-48 inches segment is anticipated to account for the largest market share by the end of the forecast period, as a result of the rapid expansion of the construction sector, which in turn is likely to fuel expansion of this segment.

The regional terrain of global helical submerged arc welded steel pipe industry vertical spans the Americas, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific market is predicted to accrue modest gains by the year 2027, owing to high infrastructural investments, growing construction sector, and supportive government initiatives in various countries, including China and India.

ArcelorMittal S.A., Jindal SAW Ltd., Northwest Pipe Company, Shengli Oil& Gas Pipe Holdings, American Cast Iron Pipe Company, Europipe Gmbh, Nippon Steel Corp., Welspun Corp Ltd., MAN Industries, and National Pipe Company Ltd. are some of the leading companies formulating the competitive landscape of global helical submerged arc welded steel pipe industry space.