The Asia Pacific Fire Protection System Pipes Market would witness market growth of 7.0% CAGR during the forecast period (2023-2029).
The growing demand for pipes is also possible because of the availability of different types of fire protection system pipes that suit a particular application. One of the common forms of carbon steel pipes employed to transport firefighting substances like gas or water is fire-fighting pipes. Additionally, wet sprinkler systems are the only applications for installing red-painted steel pipes. These sprinklers are connected to a different piping system. When a fire is detected, it automatically activates to allow water to be released immediately.
Firemen and other employees may easily spot these pipes amid the multiple pipe systems in a structure because of their vivid red color. As needed, this makes it simple to carry out repairs and replacements. The red-painted pipes are additionally built of iron or carbon steel, allowing them to transport huge loads of liquids like water that can be attached to firefighting apparatus. Iron pipes are frequently used in fire sprinkler systems. They can withstand a variety of outside influences, including UV light. When exposed to light, they won't suffer any harm, making them a viable option for a fire defence system.
Due to an increase in fire incidents in both industrial and residential settings across Asia Pacific, especially in China and India, concern over fire safety has risen. According to the National Disaster Management Authority (NDMA) of India, fire hazards cause 1.5 deaths for every 100,000 people, totaling about 3.1 million events. The government is being compelled to enact tough restrictions to protect safety from fire accidents, including the requirement to put fire protection systems in all constructed structures due to the rising number of fire accident cases.
China, the region's largest economy, is one of the nations in this sector expanding quickly. The nation is home to many fire safety and protection businesses, including domestic and international businesses, that provide a broad range of fire safety goods and services. In addition, it is projected that China's government will enact stringent laws and regulations requiring the installation of fire prevention systems in buildings, which will help develop the fire protection system pipes market in the Asia Pacific region.
The China market dominated the Asia Pacific Fire Protection System Pipes Market by Country in 2022; thereby, achieving a market value of $2,319.7 million by 2029. The Japan market is exhibiting a CAGR of 6.4% during (2023 - 2029). Additionally, The India market would witness a CAGR of 7.7% during (2023 - 2029).
Based on End User, the market is segmented into Industrial (Oil & Gas, Energy & Power, Manufacturing & Mining, Transportation & Logistics and Others), Commercial (Healthcare, Office Buildings, Educational Institutes, Hospitality and Others) and Residential. Based on Material, the market is segmented into Steel, CPVC and Copper. Based on Application, the market is segmented into Fire Sprinkler System and Fire Suppression System. Based on Type, the market is segmented into Welded Pipes and Seamless Pipes. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Fire Protection System Pipes Market is Projected to reach USD 31 Billion by 2029, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, TATA Steel Limited (TATA Group) (Tata Sons Pvt. Ltd.), Simona AG, Astral Limited, China Lesso Group Holdings Ltd, Octal Steel, Jindal Industries Pvt. Ltd., Zekalman Industries, Federal Steel supply, and Tianjin Profound Multinational Trade Co., Ltd. (TPMCSTEEL)
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