Global Pre-Insulated Pipes Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Pre-Insulated Pipes Market: Overview
“The global Pre-Insulated Pipes Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Pre-insulated pipes are also called as bonding pipes, insulated pipes, or connecting pipes which are used to maintain the temperature of the liquid or fluid in these pipes. Pre-insulated pipes are primarily used for bioenergy gas plants, residential connections, and district heating and cooling networks.
Global Pre-Insulated Pipes Market: Dynamics
Growing commercial and residential construction activities along with rising adoption and awareness regarding energy efficient products are some major factors expected to drive growth of the global market over the forecast period. Pre-insulated pipes offer various benefits as compared to other pipes which include lower cost of maintenance, superior thermal efficiency, improved safety and reduction of on-site labor, better leakage protection, enhanced quality of insulation which aids to minimalize the loss of energy. These are some of the factors expected to support growth of target market. In addition, increasing retrofitting or pipe replacement activities is one of the major factors driving growth of the global market.
Moreover, focusing on strategic merger and acquisition activities to capitalize on potential in untapped markets can create significant revenue opportunities. In July 2017, for instance, GF Piping Systems acquired stake of 49% of Urecon Ltd. (Canada). With this step, copmay is focusing to expand its footprint in North America and accelerate the introduction of its pre-insulated piping systems.
However, high cost of insulated pipes may hamper growth of the global pre-insulated pipes market.
Global Pre-Insulated Pipes Market: Segmental Analysis
Among the pipe type segment, the flexible pre-insulated pipes segment is expected to register substantial growth over the forecast period.
Among the installation segments, the below ground pre-insulated pipes segment is projected to account for major share in terms of revenue in the near future. Below ground installations are most widely used as they reduce the requirement for fittings, welding, and joints.
Among the material type segments, the metal and alloys segment is estimated to register lucrative growth in terms of revenue.
Among the end-use industry segments, district heating & cooling segment expected to register significant growth over the forecast period. This can be attributable to increasing implementation of insulated pipes in households for heating and cooling purpose.
Global Pre-Insulated Pipes Market: Regional Analysis
The Europe pre-insulated pipes market is estimated to dominate the global market and projected to continue its dominance over the forecast period. This is attributed to increasing implementation of these pipes among the residential and commercial heating requirements such as space heating and water heating.
Asia Pacific pre-insulated pipes market is expected to register significant growth in the global market, owing to rapid urbanization, industrialization, and economic growth. In addition, increasing residential and commercial construction projects in emerging countries such as India and China is a factor anticipated to support the revenue growth of target market in the region. Markets in North America, Latin America, and Middle East & Africa are anticipated to register moderate growth during the forecast period.
Global Pre-Insulated Pipes Market Segmentation:
Segmentation by Pipe Type:
- Flexible Pre-Insulated Pipes
- Rigid Pre-Insulated Pipes
Segmentation by Installation:
- Below Ground Pre-Insulated Pipes
- Above Ground Pre-Insulated Pipes
Segmentation by Material Type:
- Metal and Alloys
Segmentation by End-Use Industry:
- District Heating & Cooling
- Oil & Gas
- Infrastructure & Utility
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Georg Fischer AG
- Watts Water Technologies, Inc.
- Perma-Pipe International Holdings, Inc.
- Polypipe Group PLC
- Uponor Oyj
- Interplast S.A.
- Kabelwerke Brugg AG Holding
- Thermaflex International Holding bv
- Isoplus Fernwaermetechnik GmbH
- Pem Korea Co., Ltd.
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