Pipe Support with Spring Market Size, Share & Industry Analysis, By Type (Variable Effort Springs and Constant Effort Springs), By End-User (Power Plant, Oil & Gas, Chemical, Pharmaceutical, and Others), Regional Forecast, 2024-2032

The global pipe support with spring market size was valued at USD 476.41 million in 2023. The market is projected to grow from USD 502.90 million in 2024 to USD 800.13 million by 2032, exhibiting a CAGR of 5.98% during the forecast period.

Spring supports are designed to absorb/accommodate the vertical displacement of the piping system due to temperature changes (thermal expansion/contraction) or subsidence, and other factors. Spring supports are installed when the vertical movement of a pipe exceeds the capabilities of fixed supports. This may occur when the pipe expands and rises above its fixed support or when downward movement is restricted. In such cases, spring supports provide the flexibility to help these motion without causing damage to the piping system, causing high stresses in the line and high loads on the pipe equipment sprinklers.

The COVID-19 pandemic significantly impacted pipe support with spring market, influencing various aspects such as supply chain dynamics, demand patterns, and overall market operations. Lockdowns and restrictions led to factory shutdowns and reduced workforce availability, causing delays in the production of pipe supports.

Key sectors such as oil & gas, construction, and power generation experienced a slowdown, reducing the demand for pipe supports temporarily. In addition, many infrastructure and industrial projects were delayed or postponed, leading to a short-term decline in demand. As industries resumed operations, there was a gradual recovery in demand for these support systems, particularly in essential sectors such as energy and utilities.

Pipe Support with Spring Market Trends

Infrastructure Development in Emerging Markets is Creating New Market Opportunities

Emerging markets are experiencing rapid industrialization, with the establishment of new manufacturing facilities, refineries, and power plants. These industrial projects require extensive piping systems, driving demand for reliable pipe support with springs to manage thermal expansion, vibrations, and other dynamic loads. Urbanization in countries such as China, India, Brazil, and those in the GCC region is leading to transportation networks, the construction of new buildings, and utilities. These projects often involve complex piping systems for water, gas, and other utilities, necessitating advanced pipe support solutions.

Furthermore, the demand for electricity is rising in emerging markets, leading to the construction of new power plants, including thermal, hydro, and renewable energy plants. These plants require robust piping systems supported by springs to handle high temperatures and pressures. Many emerging markets are wealthy in natural resources and are investing heavily in the exploration, production, and refining of oil & gas. This includes the building of refineries, pipelines, and petrochemical plants, all of which require advanced pipe support systems to ensure operational efficiency and safety. The GCC region is investing heavily in diversifying its economy beyond oil, leading to the development of new industrial sectors, urban projects, and energy infrastructure. This drives demand for advanced pipe support systems to ensure the stability and efficiency of extensive piping networks.

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Pipe Support with Spring Market Growth Factors

Growth in the Energy Sector to Drive the Product Demand

The global plea for energy continues to rise, driven by population growth, urbanization, and industrialization. This demand necessitates the expansion of power generation capacity, including the construction of new power plants and the upgrade of existing facilities. Thermal power plants, which rely on coal, natural gas, or nuclear energy, require extensive piping systems to transport steam, water, and other fluids. Pipe support with springs is crucial in these systems to accommodate thermal expansion, reduce vibration, and ensure the integrity of the pipelines.

For instance, International Energy Agency (IEA) stated that global electricity demand grew by 2.2% in 2023, compared to 2.4% in 2022. China, India, and several Southeast Asian countries saw strong growth in electricity demand in 2023. According to the IEA, global electricity demand is predicted to grow faster over the next three years, growing at an average annual rate of 3.4% until 2026. Further IEA stated that, in 2023, China's electricity demand grew by 6.4%, supported by the service and industrial sectors. As the country's economic growth is expected to slow and become less dependent on heavy industry, China's electricity demand growth will slow to 5.1% in 2024, 4.9% in 2025 and 4.7% in 2026.

Development of Advanced Materials with Spring Technologies Has Led to More Durable and Efficient Pipe Support

Advanced materials, such as stainless steel, composite materials, and specialized alloys, offer superior resistance to corrosion. This is particularly important in harsh environments such as offshore oil rigs, chemical plants, and coastal power plants, where traditional materials may degrade quickly. New materials can withstand extreme temperatures and pressures, making them suitable for demanding applications in power plants and the oil & gas industry. This sturdiness reduces maintenance costs and extends the lifespan of pipe supports.

The use of lightweight yet strong materials, such as composites and high-strength alloys, reduces the overall weight of pipe support systems. This can simplify installation and reduce the structural load on buildings and infrastructure, enhancing safety and efficiency. Developments in metallurgy have led to the development of high-strength alloys that can bear greater loads without deforming. This is crucial for supporting heavy pipelines in industrial settings, ensuring stability and safety. Modern spring supports can be designed with variable stiffness, allowing them to adapt to changing loads and conditions. This flexibility is essential in dynamic environments where pipelines are subject to thermal expansion, contraction, and vibrations.

RESTRAINING FACTORS

Technical Challenges and High Initial Cost of Pipe Support with Spring May Restrain the Market Growth

The design of pipe support with springs involves complex calculations for use in applications such as thermal expansion, vibration, and dynamic loads. This requires specialized engineering expertise, which can be a barrier to their adoption, especially in regions with a shortage of skilled professionals. Many applications require custom-designed pipe supports to meet specific requirements. This customization can be time-consuming and costly, complicating the design and implementation process, hampering pipe support with spring market growth.

Installing advanced pipe support systems often requires precision to ensure proper functioning. This can increase the installation time and cost and the need for specialized training and tools. While advanced systems are designed for durability, they may still require specialized maintenance techniques. Moreover, access to expertise and specific replacement parts can be challenging, particularly in remote or less developed areas. The use of high-performance materials such as stainless steel, composites, and specialized alloys significantly increases the initial cost compared to traditional materials. These costs can be prohibitive for smaller projects or companies with limited budgets. The production of advanced spring systems often involves sophisticated manufacturing processes that add to the price.

Pipe Support with Spring Market Segmentation Analysis

By Type Analysis

Variable Effort Springs Segment Leads Driven by Their Flexibility and Adaptability  

By type, the global pipe support with spring market is segmented into variable effort springs and constant effort springs.

The variable effort springs segment dominates the market share. This dominance can be attributed to several factors, including the flexibility and adaptability of variable effort springs in various applications. Their ability to accommodate a wide range of loads, and their suitability for different types of pipes and environmental conditions is driving the demand for these springs.

Constant effort springs provide uniform support throughout the piping system's range of movement. This is crucial in maintaining the integrity of pipes under varying loads and conditions. They are particularly useful in systems where the load changes frequently or where the pipes are subject to thermal expansion and contraction.

By End-User Analysis

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Presence of Extensive Pipeline in Oil & Gas End-User Drives the Demand for Spring Pipe Support

Based on end-user, the market is segmented into power plant, oil & gas, chemical, pharmaceutical, and others.

Oil & gas is having the largest market share in end-user in the pipe support with spring market. This industry's extensive and complex network of pipelines requires robust support systems to handle various operational challenges that have led to the growth of the market. Similar to power plants, oil & gas pipelines often transport fluids at varying temperatures, leading to significant thermal expansion and contraction. Spring supports accommodate these changes, preventing damage to the pipes.

The power plant is the second dominating segment in the market. As major industrial facilities, power plants require extensive piping systems to convey fluids such as water, steam, and various chemicals. These piping systems must be supported adequately to ensure safe and efficient operation. For instance, the Castle Peak Power Station is one of the biggest coal-fired power stations in Hong Kong. The station comprises four 677 MW and four 350 MW generating units. Carpenter and Paterson supplied variable & constant effort spring supports in 2022 and 2020.

Pipe support with spring in the chemical industry is helpful for mitigating the contraction and expansion of gases, fuels, and other liquid compounds used in the manufacturing process. Various types of fluid density with wide working ranges are adjusted through the use of pipe support with springs, and mainly, variable effort pipe support is used in the chemical industry.

REGIONAL INSIGHTS

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Based on region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific is the leading region in the pipe support with spring market share. Countries in this region, such as China, India, and Southeast Asian nations, have been experiencing rapid industrial growth and urbanization. This has led to augmented demand for infrastructure development, including power plants, oil & gas pipelines, and chemical processing plants, all of which require robust pipe support systems. For instance, by February 2023, the Hsin-ta power plant in Kaohsiung, Taiwan, is one of the largest coal-fired power plants in Taiwan, with an installed capacity of 4.3 GW. Carpenter and Paterson supplied spring supports and hydraulic snubbers as part of the construction of this plant.

North America is the second dominating region in the market for pipe support with spring. The expansion of shale gas extraction and the development of new oil fields have significantly increased the demand for robust piping systems, including pipe support with springs. For instance, according to the Energy Information Administration, the U.S. natural gas pipeline network is a highly integrated network that transports natural gas across the continental U.S. The pipeline network encompasses ~3 million miles of mainline and other pipelines connecting natural gas production areas and storage facilities with consumers. In 2022, this natural gas transportation network delivered ~29.2 trillion cubic feet of natural gas to about 78.3 million consumers.

Europe is investing heavily in modernizing its aging infrastructure, including pipelines, power plants, and industrial facilities. Upgrading these systems often requires advanced pipe support solutions to ensure safety and efficiency. The inclination toward renewable energy sources and the need to integrate these with existing infrastructure is driving demand for advanced pipe support systems. This includes the development of new pipelines and facilities for natural gas, which is seen as a transitional fuel. This transition necessitates reliable pipe support systems that can adapt to new and varying operational conditions.

Latin America is experiencing ongoing infrastructure development across numerous sectors, such as transportation, energy, and manufacturing. This development drives the demand for pipe support systems with springs to ensure the reliability and efficiency of piping networks.

The Middle East & Africa is rich in oil & gas reserves, and significant investments are being made in the extraction, processing, and transportation infrastructure. Pipe support with springs is essential for maintaining the integrity and safety of these systems, driving demand in the region.

KEY INDUSTRY PLAYERS

WITZENMANN is one of the Major Players Due to its Many Innovative Solutions in the Engineering Sector

WITZENMANN Group develops new solutions for demanding engineering challenges related to vibration decoupling, expansion absorption, media guidance, and assembly compensation in piping systems and focuses on pipe movement for contraction and expansion strategies. With 22 company offices in 17 countries, the WITZENMANN Group is present in Europe, Asia, North America, and South America. The company's wide range of products includes metal hoses, compensators, metal bellows, pipe supports, and vehicle parts. As a development partner with almost 170 years of experience, the company provides customers in mobility, industry, metal hoses & ventilation, and aerospace business units with tailored product solutions and services.

Further, Piping Technology & Products Inc., Binder Group, Carpenter & Paterson (Asia) Ltd, and others are some other top players in the market with growing prospects for the market.  Binder Group is an expert in the designing and production of tailor-made pipe suspension solutions. It has a global presence that caters to the global markets with sites in Indonesia, Australia, Singapore etc.

List of Top Pipe Support with Spring Companies:

• Carpenter and Paterson Asia Ltd. (Thailand)


• Binder Group (Australia)


• Piping Technology & Products Inc.(U.S.)


• Steinar H Sunde AS (Norway)


• National Pipe Hanger Corporation (U.S.)


• Unified Alloy (Canada)


• PHD Manufacturing Inc. (U.S.)


• Rilco (U.S.)


• WITZENMANN (Germany)


• Anchorage Group (Australia)


• Sanwa Tekki Corporation (Japan)


• ITT Grinnell (U.S.)


• Lisega (Germany)


• Quality Pipe Supports  (U.K.)


• JeongwooIndustrial Machine (South Korea)


• Unison HKR (South Korea)


• Bergen Pipe Supports (Netherlands)


• Hesterberg GmbH & Co. KG (Germany)


• PHS Industries Inc. (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• In March 2024, PT&P custom-designed and manufactured ten 200 U standard spring struts with slide plates for a Texas oil refinery. They are made from A36 carbon steel with an HDG finish for plates, angles, and cans. They measure 31 inches high, 52 inches long, and 19 inches wide. They are designed for 3½" to 9 ½" travel and 1,100 to 4,800 lbs workloads and are custom-made to fit a competitor's box dimensions. The equipment was subjected to a standard load test before delivery.


• In February 2024, Piping Technology and Products, Inc. created and manufactured variable spring struts for an F-Type with internal load columns for a petrochemical plant in Canada. Variables are made of low-temperature carbon steel (A516-GR. 70N), and operating temperatures range from -49°F to 122°F while supporting a working load of 697 lbs and movements from 0.04" to 0.2".


• In March 2023, Carpenter and Paterson announced that they are supplying 100’s engineered cryogenic pipe supports to a Gas Cracker Plant in India.


• In February 2023, CPA supplied constant and variable effort spring supports to Scarborough FPU, Australia. The Scarborough FPU is set for completion in 2024. With a production capacity of ~1.8 billion standard cubic feet per day, the topside will be linked to the semi-submersible hull.


• In September 2021, LISEGA SE provided a new range of height and tilt-adjustable pipe supports. It offers reliable support for applications that require pipe axis or pitch compensation. The standard range of hot dip stimulated pipe supports covers pipe diameters from OD 15 to 300 mm.

REPORT COVERAGE

The report provides a detailed analysis of the market and focuses on key aspects, such as prominent companies, types, and leading product end-users. Besides, the report offers insights into the latest market trends and highlights key industry developments. In addition to the factors mentioned above, the report encompasses several factors that have contributed to the market's growth in recent years.

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