Global Pipe Lowering Cradle Market Poised for Strong Growth by 2035
The Pipe Lowering Cradle
market is experiencing significant growth as the oil and gas industry increasingly emphasizes safe and efficient pipeline installation. These cradles are essential for lowering and positioning heavy pipes during construction, minimizing risks, and enhancing operational efficiency. As the demand for energy infrastructure expands globally, pipe lowering cradles are becoming a critical component in modern pipeline projects.
Growing investments in oil and gas infrastructure and offshore pipeline projects are major factors driving market expansion. In 2024, the global pipe lowering cradle market was valued at USD 145.7 million and is projected to reach USD 252.3 million by 2035, growing at a CAGR of 5.2% during the forecast period.
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