In recent years, the rise of emerging industries has injected new vitality into the expansion of the metal hose market size. In the field of new energy, such as solar photovoltaic (PV) power generation systems, metal hoses are used to connect solar collectors with pipeline systems, adapting to the displacement of collectors under varying light and temperature conditions. As global demand for clean energy continues to grow, the solar PV industry has rapidly developed, directly boosting the demand for metal hoses in this sector.
Growth of the Metal Hose Market in 2024
The development of new types of metal materials, including high-strength and highly corrosion-resistant alloy materials applied in the manufacturing of metal hoses, has enabled these products to withstand more severe working environments, thereby broadening their application scope. This not only attracts more new customer segments but also encourages existing customers to increase their procurement volumes of metal hoses, thus driving the growth of the market size.
With continuous advancements in technology and the emergence of new sectors, the metal hose market has encountered new opportunities. In the aerospace industry, the performance requirements for metal hoses have reached an extreme level. Aircraft hydraulic systems, fuel systems, and other components require metal hoses to operate stably under extreme temperatures, pressures, and environmental conditions.
According to the "China Metal Hose Industry Market In-depth Research and Strategic Consulting Analysis Report (2024-2029)", it is forecasted that the global metal hose market size will reach $1.3 billion by 2030, with a compound annual growth rate (CAGR) of 5.6% over the next few years.
This translation captures the essence of the original Chinese text, presenting the analysis of the metal hose market's growth in 2024, influenced by the development of new materials and the expanding applications in various emerging industries, particularly in the new energy and aerospace sectors. If there are specific terms or phrases you would like to adjust or any additional context required, please let me know.