Hammer Unions Market Forecast and CAGR
The hammer unions are the critical industrial parts used to control the fluids. According to the latest research by Fact. MR, the hammer unions market is likely to cultivate a significant CAGR of 5.5% in the forecast period of 2021-2031 There is a significant rise in demand for water treatment, mining, oil & gas and other residential and industrial applications.
The demand for hammer unions are mainly driven by applications for waste & water treatment. Due to the problem of shortage of water around the world, the waste management have lately been a serious significance in the global scenario.
Along with the rising need for treatment of waste water, the stringent government policies for environmental regulations and vital conditions benefit the sales for hammer unions. Whereas the triggering need in the oil & gas sector is also leading the position for hammer unions.
The tight controlling regulators and several steps have been occupied to report the issue of water scarcity, supporting the growth for hammer unions. Moreover, the rising demand from the natural gas & petroleum sectors and the need for oil leakage protection may lead considerably to the advancement of the market..
What is Driving Demand for Hammer Unions?
The oil & gas sector is the biggest consumer of hammer unions in the global market. This includes the use of hammer unions in the upstream, midstream, and downstream processes of applications. The recent rise in demand for hammer unions by pharma industry due to the spread of Covid-19 has further boosted the demand. Moreover, the growth in demand from Hospitality industry in countries such as India and Brazil may emphasize on agriculture industry, which accelerates the overall demand.
The increasing production and spending are in the chemical and hydraulic industries have impelled the demand owed to technical improvements. This permits access to possessions in unusual reservoirs and deep waters or such as high-pressure and unconventional reservoirs. The increased installations of pipeline and the surge in oil & gas applications is anticipated to persuade the considerable growth for the hammer unions market.
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Implementation of Hammer Unions in Waste Water & Water Treatment Plants to Handle the Spread of Covid-19
During the pandemic situation of COVID-19, the utilization of water are under close surveillance to provide sanitation and safe drinking water. This Covid-19 outbreak has generated uncertainty among the individuals. The waste water & water treatment is amongst the crucial services, and hence, the plants are operative for all the industrial and residential purpose. This outbreak has made the people more worried about clean water and sanitation. Hence, the investments in launching new wastewater and water treatment plants are likely to boost the growth in the global market.
Furthermore, the ageing infrastructure of hammer unions in the waste water & water treatment industries is the major concern in numerous regions. For instance, the US has a comprehensive network of old pipe-lines that are used to transport waste and fresh water. The hammer unions used in old infrastructure are also on the edge of replacement as the limit of operational life has been surpassed.
Hence, it is significant to replace the hammer unions to provide the streamlined flow of water and to improve the performance. Thus, the growing apprehension among the people for better hygiene to produce significant prospects for the suppliers of hammer unions in the waste water & water treatment industry.
Asia Pacific Demand Outlook for Hammer Unions
Asia Pacific region holds the highest share among all the regions due to rapid growth in urbanization and population in emerging countries like China, India and Japan. This has led to the growth of the oil & gas industries, building & construction, water & wastewater treatment, energy & power, pharmaceuticals and chemical sectors.
The other major sector for hammer unions is the water treatment facility, which is widely used in several industries. The mounting demand for fuels is amplifying the regional demand to grow the filtering capacity due to the increasing urbanization, increased sales of CNG based passenger cars. This, in turn, growing the demand for hammer unions since the historical period.
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Who are the Key Manufacturers of Hammer Unions?
A large number of manufacturers and producers are present across the globe due to the rising industrial sectors. The hammer unions growth is fragmented in nature, as massive numbers of big companies are operating in global market.
Some of the prominent players in market are
- Worldwide Oilfield Machine
- American Completion Tools
- PRV industries
- NMT Engineering and Services Pvt. Ltd.
- Trupply LLC
- Valves & Fittings of Houston Inc.
- NOV Inc.
- ASC Engineered Solutions
- Manganga Engineering Co.
- Tubes International
- Kemper Valve & Fittings Corp.
- S. K. FORGEFIT LLP
- Sandong Metal Industry Co. Ltd.
- DIC Oil & Gas Tools
- Templar Industries, LLC.
Moreover, some of the manufacturers are dedicatedly focusing on product up-gradation, geographical expansion and much more. For instance, in 2020, Sandong Metal Industry Co., Ltd. launches four new hammer unions named as plug valve, relief valve, pup joint and trash catcher with the pressure rating of 1000 PSI to 1500 PSI.
Hammer Unions Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
An Adaptive Approach to Modern-day Research Needs
- Threaded Hammer Unions
- Butt Weld Hammer Unions
- Threaded and Butt Weld Hammer Unions
- Carbon Steel
- chromium-molybdenum steel
By Pressure Ratings
- 500 PSI - 2,000 PSI
- 2,000 PSI - 5,000 PSI
- 5,000 PSI - 10,000 PSI
- 10,000 PSI - 15,000 PSI
- 15,000 PSI - 20,000 PSI
By Industry Vertical
- Oil & Gas Industry
- Chemical Industry
- Hydraulic Industry
- Automotive Industry
- Waste Water & Water Treatment Industry
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments by type, by material, by pressure ratings, by industry vertical and by geographies.
NOTE: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may time to reflect in the analysis.
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