According to a new report by Expert Market Research titled, “Global Pre-Insulated Pipes Market Share, Size, Report and Forecast 2024-2032″, the global pre-insulated pipes market size reached a value of USD 7.65 billion in 2023. Aided by favourable features of pre-insulated pipes such as low maintenance and improved safety, the market is projected to further grow at a CAGR of 10.5% between 2024 and 2032.
Pre-insulated pipes are the apex of carrier pipes, encased within an insulating layer and protected by an external jacket. Their primary application is to maintain the temperature of the fluid being transported. This minimises energy losses and ensures the efficient transportation of liquids, such as water, chemicals, and others, over long distances. These pipes find dominant utility in district heating, district cooling, and industrial applications.
The propulsion provided by the worldwide migration towards sustainable and energy-efficient infrastructure is a major factor boosting the pre-insulated pipes market growth. A renewed emphasis on minimising heat losses and ensuring efficient fluid transportation in district heating and cooling systems is fuelling the market demand. As urban sprawls evolve and mature, the need for centralised heating and cooling solutions burgeons.
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Moreover, the deployment of pre-insulated pipes in various industries is adding significant momentum to the market. For instance, in the oil and gas industry, pre-insulated pipes are essential for the transportation of fuels over vast expanses without significant thermal losses. The chemical industry, another heavyweight stakeholder, leverages these pipes to transfer sensitive chemicals that demand stringent temperature conditions. The rising focus on product innovation, especially to achieve better insulation, longevity, and resistance to external factors is one of the significant pre-insulated pipes market trends.
Additionally, the industrial sector’s bend towards greener solutions and the perpetual quest for energy efficiency is enhancing the demand for pre-insulated pipes. Industries are actively seeking solutions that are both economically and environmentally viable. Pre-insulated pipes, with their energy-saving properties and reduced operational costs, resonate well with this industrial aspiration.
The burgeoning need for durable and robust infrastructure in colder regions has also augmented the pre-insulated pipes market demand. As countries with frigid temperatures, such as Canada, Norway, and Russia, endeavour to ensure uninterrupted supply of warm water and centralised heating, the reliance on pre-insulated pipes increases. These pipes, with their excellent insulative properties, guarantee efficient heating solutions in every condition.
Furthermore, the pre-insulated pipes market analysis indicates a steadfast shift towards the adoption of technologically advanced materials for insulation. Polyurethane foam, for instance, has emerged as the material of choice due to its excellent thermal resistance, strength, and durability. This evolution in material choice has not only augmented the efficiency of the pipes but has also extended their operational lifespan.
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Market Segmentation
The market can be divided based on type, layer, material, medium, end-use, and region.
Market Breakup by Type
• Flexible Pre-Insulated Pipes
• Rigid Pre-Insulated Pipes
Market Breakup by Layer
• Carrier Pipes
• Foaming/Insulation Layers
• Jacketing
Market Breakup by Material
• Metals and Alloys
• Others
Market Breakup by Medium
• Steam
• Water
• Others
Market Breakup by End-Use
• District Heating and Cooling
• Oil and Gas
• Infrastructure and Utility
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global pre-insulated pipes market. Some of the major players explored in the report by Expert Market Research are as follows:
• Georg Fischer Piping Systems Ltd.
• Perma-Pipe International Holdings, Inc.
• Watts Water Technologies, Inc.
• Uponor Corporation
• Polypipe Limited
• Interplast S.A.
• Others
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