Report Ocean recently released a research report on the Pre-Insulated Pipes Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global pre-insulated pipes market size was US$ 7 billion in 2020. The global pre-insulated pipes market is forecast to reach US$ 15 billion by 2020, growing at a compound annual growth rate (CAGR) of 8.5% during the forecast period from 2021-2030.
Pre-insulated pipes contain three layers, beginning from steel pipe or the carrier pipe placed at the core. The insulating layer made of polyurethane foam is installed with the external layer of defensive coat made of plastic or steel. Pre-insulated pipes have traditionally been utilized to conserve energy by minimizing energy loss to the environment.
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COVID-19 Scenario analysis:
During the first quarter of 2020, the market witnessed a significant slowdown in the sales of equipment and machinery. Thus, it resulted in negatively affecting the demand for pre-insulated pipes.
The primary demand for equipment and machinery was previously seen from the United States, Germany, Italy, the United Kingdom, and China. Most of these countries witnessed a sudden and severe impact of the COVID-19, resulting in economic decline. Thus, it halted the overall growth of the global pre-insulated pipes market.
Factors Influencing
New product launches are anticipated to flourish the market growth during the analysis period. The recent innovation of twin type Pre-insulated pipes has gained significant popularity over the single type pre-insulated pipes. Moreover, Flextra Pipe, a type of flexible pre-insulated pipe, was introduced by Logstor Company in 2018. Flextra pipe is significantly more flexible and robust than the regular pipe, and it has a high insulating capacity. Thus, such innovations and advancements would boost the market growth during the analysis period.
Growing industrialization and urbanization are propelling the growth of the global pre-insulated pipes market. Manufacturers are introducing several products to keep up with the demand of consumers. The growing urbanization would ultimately boost the demand for pre-insulated pipes and their applications. Construction, chemical, petrochemical, and food industries adopt pre-insulated pipes to transport hydrocarbons, hot water, chemicals, and steam.
Government laws and other measures are pushing the use of pre-insulated tubing in these industries on a regular basis. Perma Pipe pre-insulated pipes, manufactured by one of the major businesses, are used in conveying steam via a subterranean pipe network in District Heat networks in Canada and other countries. In the oil and gas industry, these pipes are mostly used in the gas distribution process. The government implied regulations in various countries are proving significant opportunities to the market players. Moreover, tax rebates and growing awareness regarding energy-efficient products are propelling the growth of the global pre-insulated pipes market.
However, fluctuating raw material prices may stifle market expansion during the forecast period.
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Regional analysis
The leading market for industrial Pre-insulated pipe systems is in Europe, followed by the North American region. The High expenditures in various infrastructure and technological components have enabled pre-insulated pipe manufacturers to supply better quality products to end-users and meet high demand. The presence of leading players in Europe is the prominent factor contributing to the growth of the regional market for pre-insulated pipes.
Market Segmentation
Type
- Polymers
- Metals
- Others
Industry Vertical
- Chemical & Petrochemical
- Oil & Gas
- Automotive
- Food & Beverages
- Healthcare
- Others
Applications
- District Heating and cooling systems
- Gas distribution
- Domestic Hot/cold water system
- Others
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By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Competitors in the Market
- Georg Fischer AG
- Perma-Pipe International Holdings, Inc. (NASDAQ: PPIH)
- Watts water technologies, Inc.
- Uponor Oyj
- Group Polypipe plc
- Kabelwerke Brugg AG Holding
- Interplast Limited
- Other prominent players
Table of Content
Chapter 1: Global Pre-Insulated Pipes Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Pre-Insulated Pipes market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Pre-Insulated Pipes Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Pre-Insulated Pipes market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Pre-Insulated Pipes market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Pre-Insulated Pipes market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Pre-Insulated Pipes market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Pre-Insulated Pipes business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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