Fire Protection System Pipes Market : Size Analysis by Key Players, End Users, Technologies, Growth & Forecast 2027

The fire protection system pipes market size is projected to reach USD 28.5 billion by 2027 at a CAGR of 6.7% from USD 20.6 Billion in 2022. Growth of the market is fueled by the growth of the construction industry, increase in loss of human lives and property due to fire breakouts, stringent regulatory compliances, and rise in the adoption of wireless technology in fire detection systems. High initial costs, concerns about false alarms and detection failures, and the high cost of upgrading traditional fire detectors to smart detectors are restraining market growth.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=163933967

Welded pipes, type segment likely to dominate fire protection system pipes market during the forecasted period.

The fire protection system pipes market was dominated by the  welded pipes segment in 2021. Welded fire protection system pipes witnessed higher demand from emerging countries in 2021. The higher demand for welded pipes is mainly attributed to their lower price when compared to seamless pipes.

Asia Pacific is the fastest-growing region for welded pipes in the fire protection system pipes market. The growth of this market is attributed to the rising demand from the domestic market and rapid growth in end-use industries, such as oil & gas, marine, and construction.

Countries such as China, India, Vietnam, and Indonesia are identified as high-growth markets as there are increasing opportunities and demand for fire protection system pipes. Markets in countries, such as Vietnam and Indonesia, are growing at high rates in product finishes, marine, and other heavy industries.

Steel pipes, material segment likely to dominate the fire protection system pipes market during forecast period.

The steel pipes segment accounted a largest share in the fire protection system pipes market and thus dominated the market. Steel pipes have high demand from the chemical, oil & gas, petrochemical, automotive, and mechanical & engineering industries, owing to which these tubes account for a higher market share.

Steel is subdivided into carbon steel, stainless steel, and alloy steel. These materials are in high demand for pipe manufacturing in different end-use industries. They differ based on properties and characteristics as per the applications where these are required. They differ in prices based on their properties and availability.

 

North America likely to account largest share of the fire protection system pipes market 

North America has been leading the fire protection systems pipes market due to a rise in strategic collaboration and innovation among market participants and demand from various end-use industries such as residential, commercial, and industrial. Increased awareness about fire safety systems and government regulationsare among the significant factorsdriving the North America’s market.

North America is a diversified market and has many fire protection system pipes manufacturing companies. These companies primarily focus on new product developments to cater to the increasing demand from end users. The North American fire protection system pipes market is driven by technological advancements in manufacturing and high-quality end products.

Major Market Players covered in the report Johnson Controls (Ireland), Tata Steel (India), Simona AG(Germany), Astral Pipes (India), China Lesso (China), Octal Steel (China), Jindal Industries Pvt. Ltd. (India), Aquatherm (Germany), Zekelman Industries (US), TPMC Steel (China)

 Johnson Controls is a provider of sustainable and smart buildings, industrial refrigeration, retail solutions, batteries, and oil and gas products. The company conducts its business in four business segments: Building Solution North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, Global Products. It offers fire protection system pipes through all the four segments. Johnson Controls provides fire protection system pipes through its wholly-owned subsidiary, Tyco. In 2016, Johnson Controls and Tyco were merged to combine Johnson Controls building efficiency solutions with fire and security solution portfolio of Tyco. Johnson Controls has its presence in 150 countries worldwide. It has its presence in North America, Europe, Asia Pacific, and Others.

Tata Steel is the steel manufacturer from India. The company operates through four segments: Automotive, Industrial & General Engineering, Construction, and Agriculture. Fire protection system pipes are offered under Industrial & General Engineering, and construction segment. It offers its products & solutions to various industries, such as agriculture, automotive, construction, consumer goods, energy & power, engineering, and material handling. Tata Pipes, Tata Astrum, Galvano, Tata Bearings, Tata Precision Tubes, Tata Shakti are some of the products offered by Tata steel. Fire protection system pipes are offered under Tata Pipes, which is also a subsidiary of Tata Steel. The company has its operations in 26 countries worldwide and has commercial presence in 50 countries. It has a crude steel capacity of 33 million tons per annum. The company has its presence in North America, Europe, Asia Pacific, and Middle East & Africa, and South America.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=163933967

 

Comments

Popular posts from this blog

Building Thermal Insulation Market : Size Analysis by Key Players, End Users, Technologies, Growth & Forecast 2027

Face Mask Market – Business Opportunities and Global Forecast to 2027

Solar Photovoltaic Glass Market Outlook: Emerging Trends and Forecast to 2027