Fire Protection System Pipes Market worth $28.5 billion by 2027
CHICAGO, Feb. 21, 2023 /PRNewswire/ -- The report "Fire Protection System Pipes Market by Type (Seamless, Welded), Material (Steel, CPVC, Copper), Application (Fire Suppression System, Fire Sprinkler…
The market's growth is driven by the growing construction industry, increased property and human loss due to fire breakouts, strict regulatory compliances, as well as the increasing adoption of wireless technology in fire detection system. Market growth is slowed by high initial costs, concerns over false alarms and detection failures, as well as the high cost of upgrading conventional fire detectors to smart ones.
Explore In-Depth TOC on "Fire Protection System Pipes Market". 121 – Market Data Tables46. Figures206. Pages
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The segment of welded pipes is expected to dominate the market for fire protection system pipes during the forecasted time.
In 2021, the welded pipe segment dominated the fire protection system pipes market. In 2021, welded fire protection system pipes saw a higher demand from emerging nations. Welded pipes are more popular than seamless pipes due to their lower prices.
Asia Pacific is the fastest growing region for welded pipe in the fire protection system pipelines market. This market's growth is due to the growing demand from the domestic market as well as rapid growth in the end-use industries like oil & gas, construction, and marine.
High-growth markets include China, India and Vietnam. There are more fire protection system pipe sales than ever before. The markets in countries like Vietnam and Indonesia are experiencing high growth in the areas of product finishes, marine and other heavy industries.
The steel pipes segment is expected to dominate the market for fire protection system pipes during the forecast period.
Steel pipes accounted for the largest market share in the fire protection systems pipes market. These tubes have a high market share because of their high demand from the chemical and oil & gas, automotive, mechanical & engineering, and automotive industries.
Steel can be subdivided into three types: carbon steel, stainless steel and alloy steel. These materials are highly sought-after for the manufacture of pipes in various end-use industries. They vary in their properties and characteristics depending on the application they are used for. Prices will vary depending on the availability and properties of each product.
Asia Pacific is the fastest growing market for steel pipes. This is due to the high demand and lower prices in Asia Pacific than other regions. Steel pipes are also in high demand due to the rapidly growing demand for maintenance products, particularly in China and South Korea.
The forecast period will see a rise in steel pipe demand due to increased demand from the end-use industries like heavy infrastructure, oil and gas, shipbuilding, and product finishing. Due to the development of infrastructure and industrial sector in these countries, steel pipes are expected to be in high demand in emerging countries like India, Thailand, and Brazil.
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Fire protection system pipes market will be led by fire sprinkler systems, which is expected to account for the largest portion of the market over the forecasted period.
The market for fire protection systems was dominated by a fire sprinkler system in 2021. It is expected to grow faster over the forecasted time. Apart from smart buildings and homes, fire sprinkler systems are most commonly used in industrial and commercial buildings. The rise in smart buildings, commercial buildings, and other industries is driving up the demand for fire sprinkler systems.
The largest market share for fire protection system pipes is expected to be in the industrial and end-use industries over the forecasted time.
The market for fire protection system pipes has been divided into residential, commercial, and industrial segments. The industrial segment has been further divided into energy & electricity; government; manufacturing, oil, gas and mining; transportation and logistics; and other (IT and telecom), pharmaceuticals, chemicals and pulp & papers. The commercial vertical can be further divided into academic and institutional, office building, healthcare, hospitality, and other (retail, banking and financial services, insurance).
In 2021, the market for fire protection system pipes was dominated by the industrial segment. In 2021, the market for fire protection system pipes was dominated by the industrial segment. This segment is expected to continue growing faster in the future. The increasing demand from the oil and gas mining industry is responsible for the high growth of this segment. Due to remote and harsh locations, fires can easily break out at offshore oil platforms, oil pumping station, refineries, gasoline storage tank, compressor stations, gas processing plant, and liquefied natural gases receiving facilities. These systems are highly sought-after by the industrial sector in order to prevent fire breakouts in the oil and gas sector.
In 2021, the market for fire protection system pipes was led by the industrial segment. Due to rising demand from many end-use industries, such as energy, power, government, oil, gas, mining, transportation & logistic, the dominance of this segment will continue throughout the forecast period.
North America is expected to hold the largest share of the market for fire protection systems pipes over the forecasted time.
North America is the market leader in fire protection pipes. This is due to increased strategic collaboration and innovation between market participants, as well as demand from different end-use industries like residential, commercial, or industrial. The market is driven by increased awareness of fire safety systems, and government regulations.
North America is a diverse market with many companies manufacturing fire protection system pipes. These companies are primarily focused on product development to meet the growing demand of end users. Technological advancements in manufacturing and high quality end products drive the North American market for fire protection system pipes.
Major Market Players Covered in the Report Johnson Controls (Ireland), Tata Steel(India), Simona AG (Germany), Astral Pipess (India), China Lesso, Octal Steel (China), Jindal Industries Pvt. Ltd. (India), Aquatherm(Germany), Zekelman Industries, US), TPMC Steel China
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