Asia-Pacific Electrofusion Fittings Market Occupied 36% Sales Market Share In 2018
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Electrofusion is a method of joining MDPE, HDPE and other plastic pipes using special fittings that have built-in electric heating elements which are used to weld the joint together.
In the coming years there is an increasing demand for Electrofusion Fittings in the regions of Europe and United States that is expected to drive the market for more advanced Electrofusion Fittings. Increasing of infrastructure fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on building and construction, retrofitting and renovation of old technology, increasing adoption of Electrofusion Fittings will drive growth in global market.
The Electrofusion Fittings industry market is low concentrated as the manufacturing technology of Electrofusion Fittings is relatively matures than some high-tech equipment. And some enterprises, like Aliaxis, GF, Wavin and Plasson, etc. are well-known for the wonderful performance of their Electrofusion Fittings and related services. At the same time, Asia-Pacific, occupied 36% sales market share in 2018, is remarkable in the global Electrofusion Fittings industry because of their market share of Electrofusion Fittings.
The consumption volume of Electrofusion Fittings is related to downstream industries and EMEA economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Electrofusion Fittings industry may not keep that fast. But it is surely forecasted that the market of Electrofusion Fittings is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Electrofusion Fittings market to approach these areas. Our analysis of the Electrofusion Fittings market indicated that Asia-Pacific would account for the highest sales in 2023 with close to 39 percent of global sales coming from this region, and Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
Although the market competition of Electrofusion Fittings is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Electrofusion Fittings and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.