The Europe Fire Protection System Pipes Market would witness market growth of 6.2% CAGR during the forecast period (2023-2029).
Buildings must be constructed in compliance with the current edition of the building code when a construction permit application is submitted. A building's compliance with the building code is examined by building inspectors. In addition, an establishment must be maintained once construction is finished in compliance with the most recent fire code, which is administered by the fire prevention inspectors of a nearby fire department. As a result, all newer infrastructures are equipped with well-functioning fire suppression systems.
The installation of a fire protection system is a critical requirement for any structure or establishment. The purpose of a fire suppression system is to mitigate the risk of fire hazards and ensure the safety of occupants in a building or establishment. This system is designed to detect and control fires, as well as safeguard individuals from potential harm.
The fire suppression systems are designed to mitigate the impact of smoke or fire by promptly extinguishing the flames and notifying the individuals present within the building, thereby minimizing the potential loss of life and property. The installation of fire protection systems is a common practice in different types of infrastructures, such as industrial, residential, and commercial buildings. The primary objective of these systems is to ensure the safety of people and minimize the damage caused by fire hazards.
Fire safety in non-residential and residential buildings is a top priority in Europe. For example, the EU government spent approximately 32.9 billion euros on deploying efficient fire protection services. These statistics emphasize the importance of fire safety and play a significant role in expanding the fire protection system pipes. The market is also predicted to be supported by increased government expenditure in constructing commercial and industrial buildings during the forecast period. Therefore, the region presents lucrative growth opportunities for expanding the regional fire protection system pipes market in the coming years.
The Germany market dominated the Europe Fire Protection System Pipes Market by Country in 2022; thereby, achieving a market value of $2,150.6 million by 2029. The UK market is estimated to grow at a CAGR of 5.3% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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