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Fire Protection System Pipes Market To Reach $28.5 billion by 2027- Exclusive Report by MarketsandMarkets™

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Fire Protection System Pipes Market To Reach $28.5 billion by 2027- Exclusive Report by MarketsandMarkets™

March 07
02:51 2023
Fire Protection System Pipes Market To Reach $28.5 billion by 2027- Exclusive Report by MarketsandMarkets™
Browse 121 market data Tables and 46 Figures spread through 206 Pages and in-depth TOC on “Fire Protection System Pipes Market”
Fire Protection System Pipes Market by Type (Seamless, Welded), Material (Steel, CPVC, Copper), Application (Fire Suppression System, Fire Sprinkler System), End-use Industry(Residential, Industrial, Commercial), and Region

The fire protection system pipes market size is projected to reach USD 28.5 billion by 2027 at a CAGR of 6.7% from USD 20.6 Billion in 2022. Growth of the market is fueled by the growth of the construction industry, the increase in loss of human lives and property due to fire breakouts, stringent regulatory compliances, and rise in the adoption of wireless technology in fire detection systems. High initial costs, concerns about false alarms and detection failures, and the high cost of upgrading traditional fire detectors to smart detectors are restraining market growth.  

Over the anticipated period, the segment of welded pipes is anticipated to rule the market for fire protection system pipes. Due to their greater strength, corrosion resistance, and longevity, welded pipes are becoming a popular alternative for the installation of fire prevention systems. A further factor encouraging the use of welded pipes in the market for fire prevention system pipes is their lower cost when compared to seamless pipes. Also, it is anticipated that in the near future, technological developments in the welding process would accelerate the segment’s growth.

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Because of their superior strength and durability, steel pipes are widely used in fire protection systems. They are also highly corrosion resistant, making them an excellent choice for fire protection system pipes. Steel pipes are also reasonably priced and widely available, making them the most popular choice for fire protection systems. Steel pipes are also simple to install and require little to no maintenance, making them an excellent long-term option. As a result, during the forecast period, the steel pipes material segment is expected to dominate the fire protection system pipes market.

The North American market is expected to account for the lion’s share of the global market for fire protection system pipes. This is due to increased investments in the region for modern infrastructure development, with governments encouraging investments in fire protection systems. The region also has a large number of high-rise buildings and commercial spaces, which will drive demand for fire protection system pipes. Because of increased investments in fire safety equipment and the presence of several major players in the region, the United States is the largest contributor to the North American market. Furthermore, rising fire safety awareness and an increasing number of government mandates for the installation of fire protection systems in commercial and residential buildings are expected to drive up demand for fire protection system pipes in the United States.

The key players following the strategies between 2018 to 2021 Johnson Controls (Ireland), Tata Steel (IIndia), Simona AG (Switzerland), Astral Pipes (India), China Lesso (China). The companies are majorly following merger & acquisition as the strategy to grow and expand the market.  

Johnson Controls is a provider of sustainable and smart buildings, industrial refrigeration, retail solutions, batteries, and oil and gas products. The company conducts its business in four business segments: Building Solution North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, Global Products. It offers fire protection system pipes through all the four segments. Johnson Controls provides fire protection system pipes through its wholly-owned subsidiary, Tyco. In 2016, Johnson Controls and Tyco were merged to combine Johnson Controls building efficiency solutions with fire and security solution portfolio of Tyco. Johnson Controls has its presence in 150 countries worldwide. It has its presence in North America, Europe, Asia Pacific, and Others.

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Tata Steel is the steel manufacturer from India. The company operates through four segments: Automotive, Industrial & General Engineering, Construction, and Agriculture. Fire protection system pipes are offered under Industrial & General Engineering, and construction segment. It offers its products & solutions to various industries, such as agriculture, automotive, construction, consumer goods, energy & power, engineering, and material handling. Tata Pipes, Tata Astrum, Galvano, Tata Bearings, Tata Precision Tubes, Tata Shakti are some of the products offered by Tata steel. Fire protection system pipes are offered under Tata Pipes, which is also a subsidiary of Tata Steel. The company has its operations in 26 countries worldwide and has commercial presence in 50 countries. It has a crude steel capacity of 33 million tons per annum. The company has its presence in North America, Europe, Asia Pacific, and Middle East & Africa, and South America.

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