The pre-insulated pipe market is predicted to grow at a CAGR of 5.7% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 6.1 Billion in 2023 to US$ 10.6 Billion by 2033 end.
Pre-insulated pipes are in high demand as governments all over the world promote the use of energy-saving technologies. The government is taking action by introducing incentives and tax breaks to encourage the use of such items. Pre-insulated pipes are also becoming more popular as a result of the district heating and cooling sector’s explosive growth.
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The introduction of new products into the market has a favourable effect on the sales of pre-insulated pipe. Due to a shift in end customers’ preferences, the twin type pre-insulated pipes have recently been rapidly increasing their market share. New pre-insulated pipes are being introduced by manufacturers that need little labour and are simple to install.
The chemical, oil, food, and petrochemical industries are seeing an increase in demand for pre-insulated pipes. They are mostly used to move chemicals, hot water, steam, hydrocarbons, and other similar materials. Pre-insulated pipe installation in end-use industries contributes to long-term cost-efficiency and smoother production.
Key Takeaways from the Pre-Insulated Pipe Industry:
- The United States pre-insulated pipe market is predicted to maintain its clasp over the top position of the market. Expanding at the CAGR of 4.9%, the market is predicted to attain US$ 1.4 Billion by 2033, as per recent market estimates by FMI.
- Japan is predicted to emerge as the fastest growing nation in the pre-insulated pipe domain. The country is set to grow at a CAGR of 6.7% in the next 10 years. By the end of 2033, the total revenue generated by Japan alone would be US$ 755.6 Million.
- Growing preference for metal and alloy based pre-insulated pipes is predicted to aid the market expansion. The metal and alloy segment is predicted to garner significant market share, striving at a CAGR of 4.6% between 2023-2033.
- The surging demand for single pipes by end use industries is projected to propel market growth. The CAGR of single pipe segment is set to rise from 2.9% in historical period to 4.4% over the forecast period.
New Developments Fueling Pre-Insulated Pipe Market Expansion:
- In May 2022, Huntsman, in association with BRUGG Pipes, has innovated a next-gen polyurethane foam system having outstanding insulation properties that can be utilized to develop thermally efficient, extremely flexible, pre-insulated pipes for linking local heating units and ground source heat pumps to commercial and domestic buildings. The new innovation is predicted to cater to the growing demand for heat pumps.
- In 2021, Armacell introduced two upgraded versions of its pre-insulated seamless copper pipes, DuoSplit and Tubolit Split. Since they are easy to install, flexible, and robust, these products deliver benefits to installers and end users alike. The newly launched durable and environment-friendly products are enjoying wider spectrum of applications.
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Some of the leading companies operating in the pre-insulated pipe market are
- Georg Fischer AG
- Uponor Corporation
- Watts Water Technologies
- LOGSTOR A/S
- Brugg Group Ag
- Polypipe Group PLC
- Vital Energi Utilities Limited
Pre-Insulated Pipe Market By Segment
By Material Type:
- Metal & Alloys
- Polymers
By Pipe Configuration:
- Single Pipe
- Twin Pipe
By Installation:
- Below Ground
- Above Ground
By End User:
- District Heating and Cooling
- Oil & Gas
- Chemical
- Pharmaceutical
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
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