Industrial Pipe Clamps Market Size

Industrial Pipe Clamps Market size is anticipated to reach USD 4 Billion by the end of 2036, growing at a CAGR of 3% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of industrial pipe clamps was over USD 2 Billion. The market for industrial pipe clamps is expanding as a result of the growing emphasis on energy efficiency and sustainability. The objective of doubling the average global rate of energy efficiency gains by the end of the decade has been adopted by forty-six nations worldwide. According to recent data, worldwide energy intensity increased by slightly over 2% in 2022 but will need to quadruple to 4% yearly by 2030 to satisfy global efficiency targets. This would raise economic output per unit of energy utilized by 40% if it were accomplished.  This will help to put the world on a safe and affordable road towards net zero emissions and promote sustainable economic growth. Robust pipe systems with dependable clamps are essential for attaining the energy efficiency and environmental impact reduction goals of enterprises.

The bulk of copper used in plumbing systems is somewhat tougher, does not react to water, and maintains its neutral and non-toxic state even after prolonged use for longer periods, despite its reputation as a malleable metal. Copper pipe clamps will remain in good condition for decades because they do not rust when exposed to dampness. They are prized for their attractive appearance as well. when applied to exposed ductwork and plumbing. Superior thermal properties extend their lifespan in both hot and cold-water systems, especially in the face of ongoing expansion and contraction.