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New Seamless Copper Tubes Market to Accelerate at a CAGR of Almost 9% Due to the COVID-Spread | Technavio

December 24, 2020 GMT
Technavio has announced its latest market research report titled Seamless Copper Tubes Market in MENA 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Seamless Copper Tubes Market in MENA 2020-2024 (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Dec 23, 2020--

The new seamless copper tubes market in MENA research from Technavio indicates neutral growth in the short term as the business impact of COVID-19 spreads.

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Technavio has announced its latest market research report titled Seamless Copper Tubes Market in MENA 2020-2024 (Graphic: Business Wire)

Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the seamless copper tubes market in MENA.

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“One of the primary growth drivers for this market is the growing consumption in key economies,” says a senior analyst for the industrials industry at Technavio. The vendors should also capitalize on growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments. As the markets recover, Technavio expects the seamless copper tubes market in MENA size to grow by 69.18 thousand tons during the period 2020-2024.

Seamless Copper Tubes Market in MENA Segment Highlights for 2020

  • The seamless copper tubes market in MENA is expected to post a year-over-year growth rate of 8.43%.
  • Based on the application, the HVAC segment saw maximum growth in 2019. Factors such as the growing consumption in key economies are driving market growth.
  • The growth of the segment will be significant during the forecast period.

Regional Analysis

  • 79% of the growth will originate from the Middle East region.
  • The rising adoption of cupronickel tubes will significantly influence the seamless copper tubes market in MENA.
  • Iran (Islamic Republic of Iran), Saudi Arabia, the UAE, and Egypt (Arab Republic of Egypt) are the key markets for seamless copper tubes in MENA.

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Related Reports on Industrials Include:

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Notes:

  • The seamless copper tubes market in MENA size is expected to accelerate at a CAGR of almost 9% during the forecast period.
  • The seamless copper tubes market in MENA is segmented by application (HVAC, Plumbing, Industrial heat exchanger, Electrical, and others) and geography (Middle East and North Africa).
  • The market is fragmented due to the presence of many established vendors holding significant market share.
  • The research report offers information on several market vendors, including Furukawa Electric Co. Ltd., Golden Dragon Precise Copper Tube Group Inc., KME Germany GmbH & Co. KG, Kobe Steel Ltd., Luvata MMC Copper Products Oy, MetTube Sdn Bhd, Mueller Industries Inc., Multimetals Ltd., Shahid Bahonar Copper Industries Co., and Wieland-Werke AG

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About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201223005614/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

Email:media@technavio.com

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: UTILITIES MANUFACTURING ENERGY CONSTRUCTION & PROPERTY BUILDING SYSTEMS OTHER MANUFACTURING

SOURCE: Technavio Research

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PUB: 12/23/2020 09:39 PM/DISC: 12/23/2020 09:39 PM

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