Pre-Insulated Pipes Market-Business Opportunity, Segment Analysis, Top Trends & Forecast to 2026The pre-insulated pipe systems are widely used a...Pre-Insulated Pipes Market-Business Opportunity, Segment Analysis, Top Trends & Forecast to 2026
The pre-insulated pipe systems are widely used and adopted for the transportation of gases and liquids to the district heating and cooling. In North America and Europe, it is primarily used for hot water and district heating supply. The main purpose and aim of the pipes are used to maintain the temperature of the fluid and gas in the pipes. Polyurethane foam is the main insulating material for the pre-insulated pipes.
According to AllTheResearch, “The global pre-insulated pipes market was valued at USD 6.12 billion in 2018 and is expected to reach USD 11.23 billion in 2026, growing at a CAGR of 7.98% during the forecast period.”
In terms of volume and value, Europe accounted for the highest market share of almost 43% share in the global pre-insulated pipes market in 2018. The region is expected to increase investment to increase the expansion of installation of pre-insulated pipes to meet the demand for district heating & cooling. Moreover, the increase in demand for energy-efficient solutions and further growth in the initiatives to minimize the impact of greenhouse gas emissions in the region are expected to further strengthen the growth of the market in the region over the forecast period.
Asia-Pacific is expected to hold the highest CAGR in the global market during the forecast period owing to the increase in the investment from the countries like China and India across the public and private sector to boost the oil & gas industry.
Company Profiles and Competitive Intelligence:
The major players operating in the global pre-insulated pipes market are Georg Fischer AG (Switzerland), Logstor (Denmark), Uponor Corporation (Finland), Watts Water Technologies (US), Perma-Pipe International Holdings (US), KE KELIT Austria, KC Polymers Pvt Ltd, Kabelwerke Brugg (Switzerland), Polypipe Group PLC (UK), and Isoplus Fernwaermetechnik GmbH (Germany) among others.