The United States boasts the best cost-performance ratio in the piping industry. This is primarily due to a combination of advanced technology, skilled labor, and efficient supply chains. According to a report by the U.S. Bureau of Labor Statistics, the average annual wage for pipefitters in the U.S. was $67,610 in 2020, which is significantly higher than the global average. However, the U.S. also benefits from a highly productive workforce and streamlined processes that lead to lower overall project costs. Additionally, the U.S. has a robust infrastructure for materials and equipment, further enhancing cost-effectiveness. Data from the American Petroleum Institute indicates that the U.S. has the lowest cost per barrel of oil produced compared to other major oil-producing countries, demonstrating the efficiency of its piping industry.