Pre-insulated Pipes Market Size, Share | Industry Trends And Analysis Report To 2024- Exclusive Report By Marketsandmarkets™

By Author: Jack Martin
Total Articles: 256
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The pre-insulated pipes market is projected to grow from USD 6.4 billion in 2019 to USD 10.2 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period. Stringent regulations and initiatives in the European region, such as EPBD and NZEB to reduce the carbon footprint and construct energy-efficient buildings are infusing growth in the pre-insulated pipes market. This is also leading to increasing investments in the replacement of existing less efficient district heating systems in the European region.

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Pre-insulated pipes are layered pipes, which consist of a carrier pipe, insulation layer, and outer casing/jacketing. These layers are made using different raw materials which depend on the end-use industries for which these are required. Traditionally, pre-insulated pipes are used in order to enable energy conservation by preventing energy loss to the environment, which boosts cost savings. Energy loss is prevented by using effective insulation materials ...
... and providing appropriate jacketing to the carrier pipe. The most common end-use industries of pre-insulated pipes are district heating & cooling, oil & gas, infrastructure & utility, food processing, pharmaceutical, chemical, water treatment, and wineries.

On the basis of installation, the below ground segment is estimated to account for the larger market share in the global pre-insulated pipes market in 2019, which is projected to grow at a higher CAGR during the forecast period. Increasing adoption of district heating & cooling systems is driving the below ground segment. For long straight installations, below ground pre-insulated piping systems are preferred as these reduce the required number of fittings, joints, and welding costs.

Among end-use industries, the district heating & cooling segment is projected to be the largest segment of the pre-insulated pipes market, by end-use industry. This segment is estimated to account for the largest share of the global pre-insulated pipes market in terms of value in 2019 and is projected to grow at the highest CAGR during the forecast period. Some of the key advantages provided by pre-insulated pipes are excellent thermal efficiency, lower maintenance, reduced on-site labor, and improved safety, as these are better protected against leakages, and offer superior quality insulation, which minimizes energy loss.

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Europe, North America, and Asia Pacific are major regional markets for pre-insulated pipes. Increasing demand for energy-efficient solutions; and growing initiatives to reduce greenhouse gas emissions are crucial factors driving the growth of this market in Europe. District heating is used in commercial, industrial, and residential applications for space heating and domestic hot water supply. The increasing replacement of old district heating systems is expected to drive the market during the forecast period.

Some of the leading players in the global pre-insulated pipes market include Georg Fischer AG (Switzerland), Logstor (Denmark), Uponor (Finland), Watts Water Technologies (US), Perma-Pipe International Holdings (US), Kabelwerke Brugg (Switzerland), Polypipe Group PLC (UK), and Isoplus Fernwaermetechnik GmbH (Germany), among various others.

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