PUBLISHER: The Business Research Company | PRODUCT CODE: 1414221
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414221
“Fire Protection System Pipes Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fire protection system pipes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fire protection system pipes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The fire protection system pipes market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Fire protection system pipes encompass automatic sprinkler systems and other water conduits designed for firefighting and transporting water or other liquids to connect firefighting equipment. To facilitate easy identification by firefighters and other personnel, these pipes are typically painted red, distinguishing them from other water systems.
The primary types of fire protection system pipes include seamless pipes and welded pipes. Seamless pipes are hollow tubes crafted from a heated, solid circular steel "billet" that has been pushed or drawn over a form. These pipes can be composed of various materials, such as steel, CPVC, copper, and others. They find key applications in fire suppression systems and fire sprinkler systems, catering to major end users in residential, industrial, and commercial industries.
The fire protection system pipes market research report is one of a series of new reports from The Business Research Company that provides fire protection system pipes market statistics, including fire protection system pipes industry global market size, regional shares, competitors with a fire protection system pipes market share, detailed fire protection system pipes market segments, market trends and opportunities, and any further data you may need to thrive in the fire protection system pipes industry. This fire protection system pipes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fire protection system pipes market size has grown strongly in recent years. It will grow from $15.52 billion in 2023 to $16.43 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The historical period witnessed growth attributed to strict building codes and regulations, a surge in urbanization and construction activities, heightened awareness of fire safety, increased investments in infrastructure development, and a rise in fire incidents and losses.
The fire protection system pipes market size is expected to see strong growth in the next few years. It will grow to $20.96 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The forecast period is expected to see growth attributed to the integration with building automation systems, increased demand in the oil and gas industry, strategic partnerships and collaborations, a focus on sustainable and eco-friendly solutions, and the expansion of the warehousing and logistics sector. Major trends in the forecast period include the use of advanced materials for pipe construction, the integration of smart technologies, a focus on lightweight and flexible pipes, an increased emphasis on retrofitting, and the adoption of pre-engineered systems.
The anticipated increase in the loss of human lives and property due to fire outbreaks is expected to significantly propel the fire protection system pipe market in the future. Fire outbreaks refer to tragic incidents that can result in property loss and severe injuries, including scarring, deformity, disability, ongoing care needs, and even fatalities. Fire protection system pipes, equipped with sprinklers and smoke detectors, play a crucial role in preventing and mitigating the impact of such incidents. For example, a survey conducted by the National Fire Protection Association (NFPA) in September 2021 revealed that local fire departments in the US responded to 1.35 million fire incidents in 2021, resulting in 3,800 civilian deaths, 14,700 civilian fire injuries, and an estimated $15.9 billion in property damage. Consequently, the expected increase in the loss of human lives and property due to fire outbreaks is poised to drive the growth of the fire protection system pipes market.
The ongoing increase in infrastructure development is anticipated to be a key driver for the growth of the fire protection system pipe market in the years to come. Infrastructure development encompasses the planning, design, construction, and maintenance of physical and organizational structures and systems essential for societal functioning. Fire protection system pipes play a vital role in modern infrastructure, significantly enhancing the safety and resilience of buildings and structures against fire incidents. As an illustration, a June 2022 report from the UK Department of Transport highlighted that the UK government allocated over £160 million for infrastructure to support local communities, including four projects in England aimed at reducing congestion and generating £659.3 million in economic benefits. Consequently, the increasing focus on infrastructure development is fostering growth in the fire protection system pipe market.
Technological advancements represent a significant trend gaining momentum in the market for fire protection system pipes. Leading companies in this sector are dedicated to advancing their technologies to maintain a competitive edge. In March 2022, GF Piping Systems Ltd., a Switzerland-based manufacturing company specializing in fire protection system pipes, introduced HEAT-FIT. This groundbreaking product is the industry's first fire-retardant solution for thermoplastic pipe systems. The HEAT-FIT Jacket System is designed for critical applications on cruise liners, commercial vessels, and offshore rigs, meeting stringent safety requirements, including fire resistance. The innovative lightweight pipe jacket technology consists of two layers of TPU, with a high-temperature fiberglass fabric and a non-toxic, water-based intumescent coating. In the event of a fire, the graphite char layer expands, forming a protective barrier. HEAT-FIT can withstand temperatures exceeding 1000°C for 30 minutes at 3 bar of pressure. The system is environmentally friendly, easy to install and refit, and features a scratch and repellent covering tailored for the demanding marine environment.
Major companies in the fire protection system pipe market are also focusing on introducing innovative products such as carbon steel press-fit pipes to better cater to the needs of their existing customers. Carbon steel press-fit pipes are part of a piping system using a press-fit connection method. For example, in November 2021, Allmach Pneumatic & Fluid Systems Pty Ltd., an Australia-based manufacturing company, launched a range of carbon steel press-fit pipes for fire protection piping systems. This new product line offers cost-effective options for fire hydrant systems and automated fire sprinkler installations. Allmach's press-fit carbon steel pipe and fittings require no welding, are leak-proof, and allow for easy on-site adjustments, streamlining installation and enhancing safety. The carbon steel piping system is zinc-coated to prevent rust and leaks, lightweight, thin-walled, and can be easily assembled on-site using press-fit fittings.
In November 2022, Zekelman Industries, a US-based steel pipe and tube manufacturer, entered into a definitive agreement to acquire the assets of EXLtube from SPS Companies Inc. This strategic move aims to strengthen Zekelman Industries' manufacturing capabilities in steel tubes and pipes, incorporating three co-located mills and over 530,000 square feet of industrial and storage space in the Kansas City region. EXLTUBE is a US-based company specializing in the production of structural and mechanical tubing, coated pipe, and specialty pipes.
North America was the largest region in the fire protection system pipes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global fire protection system pipes market report during the forecast period. The regions covered in the fire protection system pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the fire protection system pipes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Fire protection system pipes market consists of sales of alloy pipe, composite pipe, deluge system pipes, dry pipe systems, and composite pipes. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.