Mounting rails are a critical part of construction, engineering, and...
Piping for industrial construction and plant engineering projects are inextricably linked. The cable support industry also plays a critical part in complex projects. Knowing how the Canadian markets for these industries are progressing is vital if you’re looking to track the solution availability for your projects. There’s no easier way to track this than with an industry review. Some excellent news for plant engineers is that the Canadian pipe and cable support industries are growing, meaning some top solutions are available for your projects. Learn all the information about these industries in our comprehensive review.
Has the Canadian pipe and pipe fitting market grown between 2017 and 2022?The short answer is yes; the Canadian pipes and fitting market grew between 2017 and 2022. The specific metal pipe and tube manufacturing market value for 2022 was $5.1 billion, and between 2017 and 2022, the market value for the Canadian market for pipe and fitting increased by 1.3%.
How do the metal piping and tubing industry rank in Canadian markets?In terms of rankings, the metal pipe and tubing industry rank 45th in the manufacturing industry markets. It is also the 192nd largest in terms of size.
Will Canada's steel pipe pile market value increase between 2021 and 2028?Research points to an increase in the value of the steel pipe piles market. The market value will increase from $3.78 million to $5.68 million between 2021 and 2028. This increase reflects a potential long-term CAGR increase of 5.52% between 2021 and 2028.
Why will the global industrial pipe market increase in value? 4 factors contributeIt’s not just in Canada that the pipe market will increase in value; the industrial pipe market will reach a global value of $26.7 billion by 2027, and a few factors are driving this global growth. Those factors are:
- New pipeline constructions
- Aging pipeline replacements
- An increased rate of urbanization
- Significant infrastructure development
Will the Canadian manufacturers of pipes begin creating allied products?It’s also the case that pipe manufacturers in Canada have begun creating allied products more frequently between 2017 and 2022. With this increase in allied products, pipe manufacturers will offer end users like you comprehensive and handy piping solutions. The many applications of industrial pipes and solutions that industrial piping is crucial for include:
- Portable water
- Plumbing and engineering solutions
- Water conservation
- Fire protection
Will services for the pipe and fitting market improve in Canada?Within the piping industry, maintenance and engineering service work will increase in quality, making it easier to handle complex tasks and serve significant clients.
Which projects reflect the growth of the Canadian pipe industry?Several projects reflect the growth of the Canadian pipe industry. Some vital crude oil export pipelines, such as the Keystone and Enbridge Canadian pipelines, are examples. Other projects you may recognize include the Alaska highway gas pipeline and the Cold Lake, Alberta, pressure steam distribution system.
What is the global value of the cable tray industry, and which segment has the greatest demand?The size of the global cable tray market in 2018 was $2.75 billion, which is expected to increase to 5.46 billion by 2026. This increase equates to a 9.06% CAGR over the period. Across the globe, the telecommunication segment has the highest cable tray demand. Between 2022 and 2023, this segment will contribute to a $1.2 billion increase in the cable tray support manufacturing industry. But what portion of the cable tray, wire, and cable manufacturing industry does Canada own? Continue reading to find out.
How will the global value of the cable tray industry increase by 2027?By 2027, the global cable trays market will reach $10.9 billion and grow at a 9.2% CAGR rate. The biggest portion of the international cable tray market is the metal cable tray manufacturing industry. This segment will continue to increase due to its low maintenance, durability, and superior qualities.
What is the value of the wire and cable manufacturing industry in Canada?The value of the wire and cable manufacturing industry in Canada is $2.5 billion. In 2022, the industry’s output increased by 2.2%, and between 2017 and 2022, the market saw a growth of 5.1%. Regarding rankings, the wire and cable industry ranks 82nd in manufacturing. It is also the 281st largest in terms of size. You’ll notice that the industry features 157 businesses, and employment in this field has reached 4,667 in Canada. However, a couple of factors impact the growth of the wire and cable industry. These factors include high competition and high imports.
Which projects indicate that the Canadian cable support industry is growing?One particular project that reflects the demand for cable support and significant growth in the cable support industry is ABB’s investment in its Quebec manufacturing facility. They are investing $13 million to support the increasing global demand for excellence in cable tray manufacturing. Other projects and industries have fuelled the demand for exceptional-quality cable trays. Engineers developing infrastructures increasingly require cable trays for the best cable management system solutions.
Which industries do engineers most frequently use wire and cable products in Canada?Some of the industries in which engineers most frequently use wire and cable products in Canada include:
- Construction projects
- Engineering industries
- Industrial power plant industries
- Residential projects