PUBLISHER: Verified Market Research | PRODUCT CODE: 1622081
PUBLISHER: Verified Market Research | PRODUCT CODE: 1622081
Europe Pre-Insulated Plastic Pipes Market size was valued at USD 3,696 Million in 2018 and is projected to reachUSD 6,600 Million by 2026, growing at aCAGR of 7.6% from 2019 to 2026.
Pre-insulated pipes are widely used in district energy distribution systems to deliver heat in the form of water from one or more central sources to industrial, commercial, and residential users which will propel the market growth. The Europe Pre-Insulated Plastic Pipes Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Europe Pre-Insulated Plastic Pipes Market Definition
Pre-insulated pipes have been developed continuously and are widely used in the hot and cold for district heating and hot water supply applications. These Pre-Insulated Pipes are extensively used for energy-related applications. The main purpose of such pipes is to maintain the temperature of the fluid inside the pipes. These piping systems have a wide range of applications in a large number of projects and major benefits can be achieved with the help of these pre-insulated pipe systems. These pipe systems are used in chemical, pharmaceutical, petrochemical, and food industries for the transportation of Drinking water, Wastewater, Cooling water, Hot water, Steam, Hydrocarbon, chemicals, oil, and other materials.
The PEX pipe system, also known as the cross-linked polyethylene pipe system is among the most robust piping systems currently on the market. PEX material is formed through cross-linking of high-density polyethylene which itself is already well suited for potable water distribution pipes. The cross-linking process leads to the formation of a chemical bond of molecular carbon chains that in turn forms a 3-dimensional network. Thus stabilized, even application of high temperatures over a long time as well as mechanical and chemical stress have zero negative impact on the operating life of PE-X pipe systems. Pre-insulated PEX pipes are classified into PEX-a, PEX-b, and PEX-c.
Europe Pre-Insulated Plastic Pipes Market Overview
District energy, including both heating and cooling, tie together the energy generating sources in a city with buildings and facilities requiring heating and/or cooling. Rather than each building having its own heating or cooling system, the energy is delivered to several buildings in a larger area from a central plant. The water-based distribution system guarantees that the supply of heat and cooling reaches safely to the end users including residential, commercial or multi-occupancy. These systems are highly efficient, sustainable, safe, have lower emissions, and compatible with alternatives such as water, waste, and biomass.
The above figure depicts the surveyed 5th generation district heating and cooling systems by country (Source: EuroStat). As seen in the figure, most of the surveyed 5GDHC networks are located in Germany and Switzerland (approximately 75%). Pre-insulated pipes are widely used in district energy distribution systems to deliver heat in the form of water from one or more central sources to industrial, commercial, and residential users. Heat energy and hot water are supplied to buildings, and each building is capable of individually controlling the temperature. This suggests that the scope of pre-insulated pipes is expected to grow in the region.
The Europe Pre-Insulated Plastic Pipes Market is Segmented on the basis of Type, Application, And Geography.
Based on Application, the market is segmented into Household, Commercial, and Industrial. Household accounted for the largest market share. Pre-insulated pipes are best suited for hot water piping systems, radiant heating, and cooling systems, process piping system, and domestic hot water piping system for temperatures ranging between -50º C to +100º C. In the household, pre-insulated PEX pipe held a major share followed by PB and PERT. High-density polyethylene (HDPE), cross-linked polyethylene (PEX), polypropylene random, copolymer (PP-R), and polypropylene block copolymer (PP-B) are majorly used pipes for household applications.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players across Europe.