Russia Steel Pipes & Tubes Market Size & Outlook
Russia steel pipes & tubes market, 2018-2030 (US$M)
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Russia steel pipes & tubes market highlights
- The Russia steel pipes & tubes market generated a revenue of USD 4,820.6 million in 2022 and is expected to reach USD 5,750.8 million by 2030.
- The Russia market is expected to grow at a CAGR of 2.2% from 2023 to 2030.
- In terms of segment, oil & gas was the largest revenue generating application in 2022.
- Power plant is the most lucrative application segment registering the fastest growth during the forecast period.
Steel pipes & tubes market data book summary
| Market revenue in 2022 | USD 4,820.6 million |
| Market revenue in 2030 | USD 5,750.8 million |
| Growth rate | 2.2% (CAGR from 2022 to 2030) |
| Largest segment | Oil & gas |
| Fastest growing segment | Power plant |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Construction, Oil & gas, Chemicals and petrochemicals, Automotive & transportion, Mechanical engineering, Power plant |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Nippon Steel Corp, Steel Authority Of India Ltd DR, Tata Steel Ltd GDR - 144A, Thyssenkrupp AG, United States Steel Corp |
Other key industry trends
- In terms of revenue, Russia accounted for 2.6% of the global steel pipes & tubes market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Russia steel pipes & tubes market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 2,778.4 million by 2030.
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Steel Pipes & Tubes Market Scope
Steel Pipes & Tubes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Russia steel pipes & tubes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to steel pipes & tubes market will help companies and investors design strategic landscapes.
Oil & gas was the largest segment with a revenue share of 50.6% in 2023. Horizon Databook has segmented the Russia steel pipes & tubes market based on construction, oil & gas, chemicals and petrochemicals, automotive & transportion, mechanical engineering, power plant covering the revenue growth of each sub-segment from 2018 to 2030.
According to the report published by IEA, in March 2022, Russia has a large capacity of pipelines for exporting crude oil, which allows for the direct shipping of substantial amounts to Europe and Asia. The Druzhba pipeline system, spanning approximately 5,500 km, is recognized as the world's most extended pipeline network that instantly conveys 750,000 bpd of crude oil to East and Central Europe refiners.
As per the report published by IEA, in March 2022, Russia was the world's second-largest natural gas producer, following the U.S., and boasted significant global gas reserves. In 2021, the country's natural gas production reached 762 bcm, with around 210 bcm exported through pipelines.
Adopting technologically advanced drilling techniques, such as horizontal fracking, further boosts oil production, thereby influencing the growth of the steel pipes & tubes market. For instance, according to Insider Inc., Russia is on track to set a record for oil drilling in 2023, for its second consecutive year.
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Our clientele includes a mix of steel pipes & tubes market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Russia steel pipes & tubes market , including forecasts for subscribers. This country databook contains high-level insights into Russia steel pipes & tubes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia steel pipes & tubes market size, by application, 2018-2030 (US$M)
Russia Steel Pipes & Tubes Market Outlook Share, 2023 & 2030 (US$M)
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