Industrial Pipe Clamps Market - Regional Analysis
European Market Forecast
Europe industry is predicted to account for largest revenue share of 37% by 2035. The expansion can be attributed to the notable surge in the construction sector and the augmented government funding for infrastructure development initiatives within the member states of the area. For instance, in 2020, the EU's construction industry brought in over USD 1.85 trillion, with specialist construction accounting for the largest portion of this revenue. Furthermore, the chemical and petrochemical sectors in the area have grown significantly in recent years, and this trend is probably going to continue over the projection period, which will support the expansion of the regional industrial pipe clamps market.
North American Market Statistics
Industrial pipe clamps market in North America is poised to hold a significant share of 26% during the projected period. The region's market is growing because of the expansion of sectors like manufacturing, construction, and oil & gas. Pipe systems that are dependable and efficient are necessary for these industries to move gases, fluids, and other products. Industrial pipe clamps are therefore in high demand in order to support and secure large pipe systems. North America has also been making investments in the improvement of its infrastructure, which includes erecting new buildings, bridges, and pipelines. This emphasizes the extra requirement for pipe clamps in order to guarantee the integrity and stability of the pipe systems. Further, the usage of increasingly complex and specialized pipe systems has resulted from technological breakthroughs and the adoption of automation in various industries.
