Single Use Technology Metal Welded Bellow Market size was valued $320 million in 2019, estimated to grow at a CAGR of 5.7% during 2020–2025. The growing demand for edge welded bellows owing to the need for advanced instrumentation are highly accelerating the market growth. Moreover, the rising growth of the industrial sector leading to the need for industrial automation are highly boosting the Single Use Technology Welded Metal Bellow industry. The growing use of diaphragm bellows, temperature sensor and formed tube for monitoring the room temperature along with providing reliability and flexibility. These factors will further anticipate the growth of the Single Use Technology Welded Metal Bellow Market during the forecast period.
Report Coverage
The report: “Single Use Technology Metal Welded Bellow Market Forecast (2020–2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Single Use Technology Metal Welded Bellow Market.
Key Takeaways
- In 2019, the Single Use Technology Welded Metal Bellow market was dominated by Asia Pacific region, due to the rising growth of the industrial sector in countries such as China, India and Japan.
- The increasing of metal bellows with diameter range 51mm-100mm for high pressure applications including flight control and others are also highly proliferating the market’s growth.
- The increasing demand for edge welded metal bellows in the oil and gas industries for advanced instrumentation and to endure high temperature are also fueling the growth of the Single use technology welded metal bellow market.
- The formation process of welded metal bellows as it includes material such as stainless steel and so on requires high cost and skilled workforce which further hampers the growth of the market.
Diameter Range — Segment Analysis
51mm-100mm segment held the largest market share in the Single Use Technology Welded Metal Bellow market in 2019 and is anticipated to grow at CAGR of 6.30% during 2020–2025. Most of the metal bellows which are typically used for expansion joints or for piping systems and connections are of 51mm-100mm diameter range. The metal bellows under this range are highly versatile and have diverse tensile strengths that is achieved during the manufacturing process. Moreover, the metal bellows under this diameter range can also be used for high-pressure applications including flight control, firing mechanism and so on. This factors are leading to surge the 51mm-100mm diameter range of metal bellows further propelling the market growth.
Geography — Segment Analysis
In 2019, Asia Pacific dominated the Single use technology welded metal bellow market with a share of more than 38.7%, followed by North America and Europe. The rising growth of the industrialization in countries such as China, Japan, India and South Korea are highly fueling the market growth in this region. Furthermore, the transformation of infrastructure and industries for enhancing productivity are further influencing the development strategies in this region. Also, the rising of semiconductor, manufacturing and other industries are further boosting the Single Use Technology Welded Metal Bellow market in this region.
Drivers — Single Use Technology Welded Metal Bellow Market
Adoption of Single use Technology for Manufacturing Industries
The increasing need for automation in the manufacturing industries has driven the demand for single use technology welded metal bellow. The single use technologies include connection devices and sensors such as temperature sensors and pressure sensors which makes the metal bellow more efficient to be used in manufacturing. The rising use of single use technology welded metal bellow also lead to reduce processing times and other operational costs leading to provide reliability, flexibility and high productivity. Thus, this key drivers are proliferating the growth of the single use technology welded metal bellow market.
Growing demand for Edge Welded Metal Bellows
The significantly rising demand for industries such as oil and gas along with renewable energy plants has enhanced the need for instrumentation for ensuring proper seating, containment and movement of the components. This has also led to the deployment of edge welded metal bellow technology that can be used for the proper maintenance and resist high temperature, pressure, and corrosive environments. Additionally, edge welded metal bellows are manufactured using material such as stainless steel, Inconel, and titanium and so on which can withstand during any chemical reaction in the oil and gas industry. Thus, the growing demand for edge welded metal bellow technology will enhance the growth of the market.
Challenges — Single Use Technology Metal Bellow Market
Formation Process of the Metal Bellows
The formation process of the metal bellows are highly sensitive and also requires high cost and efficient workforce to form the high quality metal bellows with enhanced thickness and dimensions. Thus, the cost for providing advanced formation of the metal bellows is specifically high which hinders the use of this bellows in certain industries including aerospace. Thus, this major challenge hampers the growth of the single use technology metal bellow market
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Single Use Technology Welded Metal Bellow market. In 2019, the market of Single Use Technology Welded Metal Bellow market has been consolidated by the top ten players — KSM USA, BOA Group, Technetics, AESSEAL, Senior Aerospace Metal Bellows, Metalflex, Duraflex, MIRAPRO, Flex-A-Seal, Hyspan, Weldmac, Bellows Tech
Acquisitions/Technology Launches
In August 2018, MW Industries announced the acquisition of Ameriflex Inc. MW Industries is amongst the major provider of highly engineered springs, specialty fasteners, machined parts, and other precision components which also includes metal bellows. Moreover, the acquisition has led to the expansion and formation of formed metal bellows and bellows assemblies which are used in the semiconductor, microelectronics, and aerospace industries.
Relevant Report Titles:
Welding Products Market — Forecast(2023–2028)
Report Code: CMR 91039
Welding Materials Market — Forecast(2023–2028)
Report Code: CMR 0684
Welding Consumables Market — Forecast(2023–2028)
Report Code: CMR 0605
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