Pre-Insulated Pipes Market Business Overview to 2024 By Top Key Players| Georg Fischer AG, Logstor, Uponor, Watts Water Technologies, among various others
Verfasser: ashwani_kailiya on Friday, 15 July 2022The global pre-insulated pipes market is projected to grow from USD 6.4 billion in 2019 to USD 10.2 billion by 2024 at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period. Pre-insulated pipes are replacing traditionally insulated pipes in almost all applications due to their increased advantages, such as superior efficiency, enhanced insulation, and better physical performance. Pre-insulated pipes are energy efficient as compared with traditionally insulated pipes and prevent heat losses by 40% over traditionally insulated pipes, which directly reflects in cost savings. These factors have resulted in the increased adoption of pre-insulated pipes in various end-use industries to prevent heat loss and conserve energy.
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On the basis of installation, the below ground segment is estimated to account for the larger market share in the global pre-insulated pipes market in 2019, which is projected to grow at a higher CAGR during the forecast period. Increasing adoption of district heating & cooling systems is driving the below ground segment. For long straight installations, below ground pre-insulated piping systems are preferred as these reduce the required number of fittings, joints, and welding costs.