Published Date: 26-May-2023
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According to a new report, published by KBV research, The Global Fire Protection System Pipes Market size is expected to reach $31 Billion by 2029, rising at a market growth of 6.6% CAGR during the forecast period.
The Industrial market is leading the Global Fire Protection System Pipes Market by End User in 2022; thereby, achieving a market value of $14.4 billion by 2029. The segment is anticipated to expand more quickly throughout the foreseeable future. The strong expansion of the industrial sector is linked to the rising demand from the mining, oil, and gas sectors. Because of the hostile surroundings and isolated locations, fire outbreaks in offshore oil platforms, refineries, oil pumping stations, gasoline storage tanks, gas processing plants, liquefied natural gas, and compressor station receiving facilities may become uncontrollable.
The CPVC market is poised to grow at a CAGR of 7.3% during (2023 - 2029). Chlorinated polyvinyl chloride is used to create thermoplastic known as CPVC. It has high chemical resistance and is utilized in fire suppression systems as well as hot and cold-water piping. To join the pipes together, CPVC pipe connections are also readily accessible. Compression fittings, threaded connectors, or solvent welding can all be used to combine this material.
The Fire Sprinkler System market acquired the highest market share in Global Fire Protection System Pipes Market by Application in 2022; thereby, achieving a market value of $20.5 billion by 2029. Commercial and industrial buildings are the most common locations for fire sprinkler systems. Fire sprinkler systems are becoming increasingly popular as commercial buildings, smart buildings, and industries grow. The demand for fire protection system pipes is being driven by the increase in commercial structures, smart structures, and industries.
The Seamless Pipes market is exhibiting a CAGR of 7.4% during (2023 - 2029). A seamless pipe is a tube that has no seams or joints and is produced from a single piece of metal. Although they are typically priced higher than other types of pipes, they are stronger and less inclined to leak. Applications requiring high pressure and precise tolerances employ seamless pipes.
The North America market dominated the Global Fire Protection System Pipes Market by Region in 2022; thereby, achieving a market value of $11.1 billion by 2029. The Europe market is estimated to grow at a CAGR of 6.2% during (2023 - 2029). Additionally, The Asia Pacific market would register a CAGR of 7% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/fire-protection-system-pipes-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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North America Fire Protection System Pipes Market size & Opportunities 2023-2029
Europe Fire Protection System Pipes Market & Growth Forecast 2023-2029
Asia Pacific Fire Protection System Pipes Market Share & Industry Outlook to 2029
LAMEA Fire Protection System Pipes Market Growth, Trends & Forecasts 2023-2029