Rising demand for natural gas and crude oil and rapid industrilziation is driving the demand of the Global Roller Cradle Market for the forecast period, 2022-2026.
According to TechSci Research report, “Roller Cradle Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Size (6-12inch,12-24inch, 24-36inch, 36-48inch, 48-60 inch), By Type (PU Coating Roller, Cradle Nylon, Cradle with PU Coating, Choker Belt, Cradle Single String, Roli Cradle), By Application (Onshore, Offshore), and By Region”, The Global Roller Cradle market is anticipated to grow at a rate of significant CAGR for the forecast period, 2022-2026. In pipeline construction and utility projects, the Roller Cradle is considered an essential part of providing enhanced control to the crane and lifter operators. Roller cradles are designed uniquely to lift the combined pipelines and the machines efficiently. These helps prevent damage to the coating surface as the Roller Cradle is covered with polyethylene. Roller cradles are easy to handle and have high load-carrying capacity. To prevent ovality issues, the Roller Cradle components are evenly distributed to support the distribution of load. Roller cradles are made up of highly resistive material to various physical, corrosive, and thermal forces, and they are less expensive to fabricate and cost-friendly. An increase in the investments by the leading authorities to upgrade the existing pipeline structure is expected to create huge potential for the Global Roller Cradle market growth during the forecast period.
However, the shift towards renewable energy sources for electricity generation may restrain the Global Roller Cradle market for the forecast period.
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The Global Roller Cradle market is segmented into size, type, application, competitional landscape, and regional distribution.
On the basis of type, the Global Roller Cradle market is divided into PU coating roller, cradle nylon, cradle with PU coating, choker belt, cradle single string, and roli cradle. The roli cradle segment is expected to grow at a steady rate during the forecast period. The roli cradle is suitable for all types of operation, and it eliminates the damage caused by the steel wheel cradle. Roli cradle distributes the load evenly, which makes it ideal for low and heavy load all kinds of applications, and it can safely handle heavy wall pipe. These can be easily disassembled for transit or storage purposes.
On the application, the Global Roller Cradle market is bifurcated into onshore and offshore. The offshore segment is expected to witness substantial growth in the next five years. Offshore pipelines are considered ideal for oil and gas transportation due to the lower risks of spillage and are unaffected by extreme weather conditions. The offshore segment provides a safe and most economical way of transportation. The high demand for conventional energy sources and the growing demand from high-energy consuming countries accelerate the offshore segment growth
On the basis of regional analysis, the Asia-pacific region is expected to witness the fastest incremental growth for the next five years. High demand across the major countries such as China, India, the largest consumer of oil and gas, is fueling the construction of pipeline networks in the region. China is making huge investments in developing the local natural gas production fields and importing natural gas to satisfy domestic demand. Government authorities are making investments and launching initiatives for the development of the pipeline and transportation infrastructure.
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“An increase in exploration activities and the growing use of advanced techniques such as deep and ultra-deep-water offshore oil and gas activities is expected to create lucrative opportunities for market growth. High demand for oil and gas from the developing economies and the investments made by the leading authorities to meet the growing energy demands, along with the implementation of safety regulations during pipeline construction, is expected to fuel the Global Roller Cradle market growth. Additionally, the high demand from the prominent end-use sectors such as the chemical sector, manufacturing sector, gas-fired power plants, the commercial and residential sector is expected to propel the Global Roller Cradle market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Roller Cradle Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Size (6-12inch,12-24inch, 24-36inch, 36-48inch, 48-60 inch), By Type (PU Coating Roller, Cradle Nylon, Cradle with PU Coating, Choker Belt, Cradle Single String, Roli Cradle), By Application (Onshore, Offshore), and By Region”, has evaluated the future growth potential of Global Roller Cradle market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Roller Cradle market.
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