Metal Bellows Market: Worldwide Industry Analysis and New Market Opportunities Explored By 2022
Metal bellows are flexible elements used in various industrial applications where compression is expected when the pressure is applied from the other side of any elastic vessel.
Metal bellows are designed in a way that they compress or
expand on the application of pressure, and come back to their original share
once the pressure is removed.
As they are most commonly used as a part of piping
applications, their convolution geometry and thickness is designed according to
the temperature and pressure range as well as pipe capacity.
In cases where pipes expand due to increase in temperatures,
metal bellows act as a resistance by limiting the compression by force.Metal
bellows are commonly used in various industries such as manufacturing, water
treatment, mining, automotive, power generation, and wind energy generation.
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Though the global metal bellows market is characterised with
stringent governmental regulations, end user preference for metal bellows over
its other alternatives is expected to boost the profitability of manufacturers
across various regions.
Demand for Metal Bellows in Aerospace & Defense
Industry to Grow Strong
The adoption of metal bellows in a wide range of end-use
industries such as automotive, semiconductor, oil & gas, and pharmaceuticals
is significantly high, which is mainly driving the metal bellows market.
However, the demand is relatively higher in the aerospace
& defense industry, and this is mainly influencing the growth prospects of
the global metal bellows market.
In the past two years, the aerospace & defense industry
witnessed a major downfall in the commercial aircraft manufacturing and
deliveries, which is mainly attributed to the worldwide outbreak of the novel
coronavirus. However, the demand for metal bellows in the industry remained
fundamentally strong as leading players in the aerospace industry.
Global leaders such as Airbus and Boeing, are known to be
holding a significantly large backlog of orders, and this is currently holding
up the production activities for these players.
In addition, the industry is witnessing a growing number of
new original equipment manufacturers (OEMs) entering the landscape, along with
the rising development of fuel-efficient alternatives for conventional elements
of commercial aerospace products.
This indicates that the adoption of metal bellows in the
global aerospace & defense industry will further bolster the growth of the
global metal bellows market in the coming years.
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High Performance Parameter of Metal Bellows over
Non-metallic Bellows Trigger Demand
While metal bellows find applications in a wide range of end
uses and applications, the use of non-metallic bellows is also significantly
high. Non-metallic bellows are a type of flexible connectors manufactured using
synthetic or natural fibers.
These are commonly used in applications that are primarily
developed to offer stress relief in various industrial end uses – mainly in the
piping industry. They are also used in applications involved in mechanical
vibrations and thermal movements.
Though both – metal and non-metal bellows are used in
distinct applications, based on their performance characteristics, the prior
shows advanced parameters that make them suitable for a wider range of
applications than the latter.
Metal bellows are higher in demand than non-metal bellows
mainly due to their higher pressure range, temperature range, flexibility in
connection types, along with its suitability with various fluids and gases.
With the rugged, multiple layer designs, metal bellows are
designed for applications performed in a wide range of temperature range from
-420°F to +1800°F. Whereas, non-metal bellows usually suit applications under
the temperatures around 230°F, based on the materialist properties of synthetic
materials used.
Consequently, though both the types of bellows are used in
different applications based on their utilities and importance, metal bellows
are more commonly used in multiple industrial applications.
Metal Bellows Market: Region-wise Analysis
Based on the geographical factors, the metal bellows market
is broadly segmented into seven regions – North America, Latin America, Europe,
East Asia, South Asia, Oceania, and Middle East & Africa.
According to different geographies and specific geopolitical
factors, the market for metal bellows is expected to witness incremental growth
in the Asia Pacific region.
The region plays an important role in the supply chain
operations as most manufacturers have their production centers in developing
Asian countries such as China and South Korea. In addition, increasing presence
of raw material suppliers, retailers, and metal bellow manufacturers in the
region further amplifies the growth potential of the Asia Pacific metal bellows
market.
On the other hand, developed regions including North America
and Europe, are also expected to create sizable demand for metal bellows with
the increasing growth of the market. Developed countries such as the United
States along with some countries in Western Europe – Germany, France, and
Spain, are expected to contribute to the increasing growth of the global metal
bellows market.
Due to the coronavirus outbreak, the metal bellows market in
most Asian countries witnessed sluggish growth. However, countries such as
China and South Korea are recovering fast from the pandemic, which is expected
to revive the metal bellows market in these regions.
In the coming years, the growth prospects of the metal
bellows market in Asia Pacific region are expected to improve in the coming
years.
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Metal Bellows Market: Competitive Landscape
Some of the leading stakeholders in the global metal bellows
market include
- Servometer
- EnPro
Industries Inc.
- EagleBurgmann
KE
- Meggitt
PLC
- U.S.
Bellows Inc.
- KSM
Corporation
- Technoflex
Corporation
- BOA
Holding GmbH
- Freudenberg
Group
- MW
Industries
- Smith
Group
- Hyspan
Precision Products Inc
- Meggitt
PLC
- Pebiflex
- Witzenmann
GmbH
- Triad
Bellows
- Duraflex
Inc.
In August 2018, MW Industries, Inc. (MWI) – one of the
world’s premier manufacturers of products that make machines, engines, and
complex sub-assemblies, based in the United States – announced that it has
completed the acquisition of Ameriflex, Inc. – a leading manufacturer of
superior quality precision metal bellows, flexible metal hose, flanges, and
other products for vacuum applications.
After the acquisition of two companies – Servometer and
BellowsTech, MW’s acquisition of Ameriflex is expected to help the company
expand the portfolio of its metal bello products and technologies. With this
acquisition, the company aims to offer the most complete portfolio of these
products in the metal bellows market.
In July 2019, Parker-Hannifin Corporation – an American
corporation specializing in motion and control technologies – announced that it
has agreed to acquire Exotic Metals Forming Company LLC – a company that
provides metal bellows, sheet metal designs, flex joints, and aircraft
equipment.
The company also stated that the acquisition will be
completed at the net transaction of US$ 1.56 billion. With the acquisition,
Parker-Hannifin is aiming to reinforce its strategy of moving towards its goal
of achieving top-quartile performance – financially – among its diversified
industrial peers, by investing in attractive-margin and high-growth businesses.
Regions and Countries Analyzed in the Report
- North
America (U.S., Canada)
- Latin
America (Mexico, Brazil, Rest of LATAM)
- Europe
(Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
- East
Asia (China, Japan, South Korea)
- South
Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania
(Australia, New Zealand)
- Middle
East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Report Highlights
- The
report is a compilation of first-hand information, qualitative and
quantitative assessment by industry analysts, inputs from industry experts
and industry participants across the value chain.
- The
report provides in-depth analysis of parent market trends, macro-economic
indicators and governing factors along with market attractiveness as per
segments.
- The
report also maps the qualitative impact of various market factors on
market segments and geographies.
Metal Bellows Market: Segment Analysis
The metal bellows market can be segmented on the basis of
the following:
Product:
- Formed
- Electroformed
- Welded
Application:
- Conventional
Boilers
- Gas
Turbines
- Fuel
Gas Duct Systems
- Engine
Exhaust System
- FCCU’s
- Steam
Turbines
- Others
(Filtration, Scrubbers, HRSG’s)
End-use Industry:
- Ship
Power and Ship Building
- Water
treatment and Wastewater
- Power
Generation
- District
Heating
- Pulp
and Paper Plants
- Steel
Mills
- Wind
Power
- Others
(Chemical and Petrochemical Plants, Desulphurization Plants)
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