Rising Demand for DHC Systems To Boost Pre-Insulated Pipes Market Growth

Global Pre-Insulated Pipes Market Size, Share, Growth and Business Opportunities

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A number of factors, such as the increasing construction of energy-efficient buildings, rising government support for net-zero-energy buildings (NZEBs), and surging deployment of district heating and cooling (DHC) equipment for reducing the consumption of energy during the transportation of fluids, are projected to propel the growth of the pre-insulated pipes market at a CAGR of 9.7% during 2019–2024 (forecast period). According to P&S Intelligence, the market generated revenue of $5,568.5 million in 2018, and it is expected to reach $9,597.9 million by 2024.

One of the prime factors propelling the market is the surging government support for the construction of NZEBs. The construction industry is projected to record significant growth in the coming years. Thus, government and private organizations across the globe are focusing on reducing the energy consumption of the built structures. Pre-insulated pipes are integral to energy systems and offer a solution to reduce the energy footprint. Additionally, they help in the improvement of the resiliency and in the centralization of cooling and heating operations and require less area for ventilation systems.

Moreover, the increasing adoption of DHC systems is another key driving factor that boosts the growth of the pre-insulated pipes market. Various nations, such as Canada, the U.S., China, Japan, Iceland, Germany, France, Denmark, and Russia, have adopted these systems, and many more countries are projected to increase their deployment in the future. This is ascribed to the rising preference for energy-efficient systems from the commercial and residential sectors. These systems help in reducing energy consumption, lowering energy costs, and monetizing the energy generated from multiple sources.

Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/pre-insulatedpipes-market/report-sample The application segment of the pre-insulated pipes market is classified into DHC, utilities, and oil and gas. Of these, the DHC category held the largest market share in 2018, and it is expected to witness the same trend in the coming years.

This is ascribed to the financial incentives being given for the installation of DHC equipment by governments to reduce energy consumption. Additionally, the incorporation of technologies like artificial intelligence (AI) and the internet of things (IoT) is helping in developing advanced DHC systems.

Furthermore, the end user segment of the pre-insulated pipes market is classified into residential, commercial, and industrial. Among these, the industrial category accounted for the largest market share in 2018 due to the essential requirement for pre-insulated pipes for the transportation of fluids in industrial installations. The residential category is expected to witness the fastest growth in the foreseeable period owing to the increasing number of

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initiatives and monetary assistance by governments to increase the installation of DHC systems and raise awareness about decarbonizing residential buildings.

Geographically, North America held the largest share in the pre-insulated pipes market in 2018 owing to the rising deployment of DHC equipment in downtown districts and construction and chemical processing industries in the region. On the other hand, the European market is projected to record the highest CAGR during the forecast period. This can be attributed to the implementation of building standards and codes, renovation and retrofitting of old buildings, increase in the construction of large NZEBs, and surge in the focus of regional countries on a circular economy.

Browse full report at: https://www.psmarketresearch.com/marketanalysis/pre-insulated-pipes-market Thus, the rising adoption of DHC systems and the increasing government support for the construction of NZEBs are projected to propel the demand for pre-insulated pipes during the foreseeable period.

Market Segmentation by Installation •

Below Ground

•

Above Ground

Market Segmentation by Type •

Metals

•

Polymers

Market Segmentation by Application •

District Heating and Cooling (DHC)

•

Oil and Gas

•

Utilities

Market Segmentation by Layer •

Carrier Pipe

•

Insulation Layer

•

Outer Jacket

Market Segmentation by Medium •

Liquid

•

Gas

Market Segmentation by End User •

Industrial

•

Commercial

•

Residential

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Market Segmentation by Geography •

•

•

•

•

North America Pre-Insulated Pipes Market o

By installation

o

By type

o

By application

o

By layer

o

By medium

o

By end user

o

By country – U.S. and Canada

Europe Pre-Insulated Pipes Market o

By installation

o

By type

o

By application

o

By layer

o

By medium

o

By end user

o

By country – Germany, Sweden, Poland, Russia, Denmark, and Rest of Europe

Asia-Pacific (APAC) Pre-Insulated Pipes Market o

By installation

o

By type

o

By application

o

By layer

o

By medium

o

By end user

o

By country – China, Japan, India, South Korea, and Rest of APAC

Latin America (LATAM) Pre-Insulated Pipes Market o

By installation

o

By type

o

By application

o

By layer

o

By medium

o

By end user

o

By country – Brazil, Mexico, Argentina, and Rest of LATAM

Middle East and Africa (MEA) Pre-Insulated Pipes Market o

By installation

o

By type

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o

By application

o

By layer

o

By medium

o

By end user

o

By country – Saudi Arabia, U.A.E., Qatar, and Rest of MEA

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