United State – Global Pre-Insulated Pipes Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Pre-Insulated Pipes market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
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.
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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.
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.
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
Key questions answered in the global Pre-Insulated Pipes market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Pre-Insulated Pipes market over the forecast period?
- What are the factors driving and restraining the market for Pre-Insulated Pipes?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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