Globally, the pre-insulated pipes market is estimated to be valued at USD 6,398.9 million in 2019 and is projected to reach USD 10,214.4 million by 2024, at a CAGR of 9.8% between 2019 and 2024.
Pre-insulated pipes are replacing traditionally insulated pipes in almost all applications due to their increased advantages, such as high efficiency, enhanced insulation, and better physical performance. Pre-insulated pipes are energy efficient as compared with traditionally insulated pipes and prevent heat losses by 40% over traditionally insulated pipes, which directly reflects in cost savings. These factors have resulted in the increasing adoption of pre-insulated pipes in various end-use industries to prevent heat loss and conserve energy.
Major companies in the pre-insulated pipes market include Georg Fischer AG (Switzerland), Logstor (Denmark), Uponor (Finland), Watts Water Technologies (US), Perma-Pipe International Holdings (US), Kabelwerke Brugg (Switzerland), Polypipe Group PLC (UK), and Isoplus Fernwaermetechnik GmbH (Germany), among various others.
The below-ground segment of pre-insulated pipes market is projected to grow at the higher CAGR during the forecast period
Based on the installation, the below-ground segment is projected to grow at the higher CAGR between 2019 and 2024. Below ground systems are also known as buried/ underground installations which are the most widely used globally.
Long straight below ground installations are preferred as they reduce the requirement for fittings, joints, and welding. Below ground systems are however high on labor and installation costs, since these require digging, both, during installation and maintenance.
Among end-use industries, the district heating & cooling segment is projected to be the largest segment of the pre-insulated pipes market
This segment is estimated to account for the largest share of the global pre-insulated pipes market in terms of value in 2019 and is projected to grow at the highest CAGR during the forecast period.
Some of the key advantages provided by pre-insulated pipes are excellent thermal efficiency, lower maintenance, reduced on-site labor, and improved safety, as these are better protected against leakages, and offer superior quality insulation, which minimizes energy loss.
The market in Europe is projected to grow at the highest CAGR in the global pre-insulated pipes market
The pre-insulated pipes market in the European region is projected to grow at the highest CAGR during the forecast period. The demand for housing in Germany is anticipated to grow due to the increasing influx of immigrants from the Middle East.
This has led to increased construction activities, especially the construction of housing and commercial establishments, thus creating growth opportunities for the pre-insulated pipes market in the infrastructure & utility segment.
Due to the implementation of new regulations, such as NZEB for new buildings and amendments in the Energy Saving Act, there is increasing adoption of pre-insulated pipes, which is driving the market.
Key Topics Covered
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.2.1 Market Scope 1.2.2 Years Considered for the Study 1.3 Currency 1.4 Stakeholders
2 Research Methodology 2.1 Research Data 2.1.1 Secondary Data 2.1.1.1 Key Data From Secondary Sources 2.1.2 Primary Data 2.1.2.1 Key Data From Primary Sources 2.1.2.2 Key Industry Insights 2.1.2.3 Breakdown of Primary Interviews 2.2 Market Size Estimation 2.3 Data Triangulation 2.4 Assumptions 2.5 Limitations
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Pre-Insulated Pipes Market 4.2 Pre-Insulated Pipes Market, By Installation 4.3 Pre-Insulated Pipes Market, By End-Use Industry 4.4 Pre-Insulated Pipes Market, By Region
5 Regulations Governing Pre-Insulated Pipes 5.1 Introduction 5.2 International Codes and Standards for District Heating Systems 5.3 International Codes and Standards Related to Equipment, Material, and Construction 5.4 Additional Standards for Pipeline Systems 5.5 Codes and Standards Requirements for Carrier Pipes 5.6 Standard Materials for Hot and Cold Insulation
6 Pre-Insulated Pipes Market, Comparative Study 6.1 Introduction 6.2 Component Cost 6.3 Labor Cost 6.4 Execution Cost 6.5 External Support
7 Market Overview 7.1 Introduction 7.2 Market Dynamics 7.2.1 Drivers 7.2.1.1 Growth in District Heating & Cooling End-Use Industry Segment 7.2.1.2 Rising Awareness Regarding Environment and Government Incentives 7.2.1.3 Penetration of Pre-Insulated Pipes in Niche Applications 7.2.2 Restraints 7.2.2.1 Volatility in Prices of Raw Materials 7.2.2.2 High Cost of Pre-Insulated Pipes 7.2.3 Opportunities 7.2.3.1 Investments in Emerging Economies 7.2.3.2 Controlling the Cost of Labor 7.2.4 Challenges 7.2.4.1 Stringent Regulatory Compliances 7.2.4.2 Logistics and Certification 7.3 Porter’s Five Forces Analysis 7.3.1 Bargaining Power of Suppliers 7.3.2 Bargaining Power of Buyers 7.3.3 Threat of Substitutes 7.3.4 Threat of New Entrants 7.3.5 Intensity of Competitive Rivalry 7.4 Economic Indicators 7.4.1 Industry Outlook 7.4.1.1 Oil & Gas 7.4.1.2 Construction
8 Pre-Insulated Pipes Market, By Type of Pipe 8.1 Introduction 8.2 Flexible Pre-Insulated Pipes 8.3 Rigid Pre-Insulated Pipes
10 Pre-Insulated Pipes Market, By Materials Used 10.1 Introduction 10.2 Metals & Alloys 10.3 Others
11 Pre-Insulated Pipes Market, By Medium 11.1 Introduction 11.2 Steam 11.3 Water 11.4 Others
12 Pre-Insulated Pipes Market, By Installation 12.1 Introduction 12.2 Below Ground Pre-Insulated Pipes 12.2.1 Europe Dominates the Below Ground Segment for Pre-Insulated Pipes 12.3 Above Ground Pre-Insulated Pipes 12.3.1 Europe is the Fastest Growing Market for Above Ground Installations in the Pre-Insulated Pipes Market
13 Pre-Insulated Pipes Market, By End-Use Industry 13.1 Introduction 13.2 District Heating & Cooling 13.2.1 Europe Dominates the District Heating & Cooling Segment of Pre-Insulated Pipes Market 13.3 Oil & Gas 13.3.1 North America Dominates the Oil & Gas Segment of Pre-Insulated Pipes Market 13.4 Infrastructure & Utility 13.4.1 Europe is Witnessing the Fastest Growth in the Infrastructure & Utility Segment 13.5 Others
14 Regional Analysis 14.1 Introduction 14.2 Asia Pacific 14.2.1 China 14.2.1.1 District Heating & Cooling is the Fastest Growing End-Use Industry for Pre-Insulated Pipes in China 14.2.2 India 14.2.2.1 District Heating & Cooling is the Fastest Growing End-Use Industry for Pre-Insulated Pipes in India 14.2.3 Japan 14.2.3.1 Below Ground are the Most Preferred Installation and Dominate the Pre-Insulated Pipes Industry in Japan 14.2.4 South Korea 14.2.4.1 District Heating & Cooling Segment is the Fastest Growing End-Use Industry for Pre-Insulated Pipes 14.2.5 Rest of Asia Pacific 14.3 Europe 14.3.1 Germany 14.3.1.1 Below Ground is the Most Preferred Installation in Germany and is Growing at the Fastest CAGR 14.3.2 France 14.3.2.1 District Heating & Cooling is the Fastest Growing End-Use Industry in France 14.3.3 Italy 14.3.3.1 Below Ground Installations are the Most Preferred Installation in Italy 14.3.4 UK 14.3.4.1 District Heating & Cooling End-Use Industry is Expected to Grow at the Fastest Growth Rate During the Forecast Period 14.3.5 Russia 14.3.5.1 District Heating & Cooling End-Use Segment is Witnessing Good Growth in Russia Due to Replacement of Old Systems 14.3.6 Rest of Europe 14.4 North America 14.4.1 US 14.4.1.1 US is Witnessing Good Growth Due to Replacement of Old District Heating Systems 14.4.2 Canada 14.4.2.1 District Heating & Cooling End-Use Industry is Expected to Grow at the Fastest Growth Rate During the Forecast Period 14.4.3 Mexico 14.4.3.1 Oil & Gas End-Use Industry Dominated the Market for Pre-Insulated Pipes in Mexico 14.5 Middle East & Africa 14.5.1 Saudi Arabia 14.5.1.1 District Heating & Cooling End-Use Industry is Expected to Grow at the Fastest Growth Rate During the Forecast Period 14.5.2 UAE 14.5.2.1 District Heating & Cooling End-Use Industry is Expected to Grow at the Fastest Growth Rate During the Forecast Period 14.5.3 Qatar 14.5.3.1 Below Ground Installations are Expected to Grow at the Fastest Growth Rate During the Forecast Period 14.5.4 Rest of Middle East & Africa 14.6 South America 14.6.1 Brazil 14.6.1.1 District Heating & Cooling End-Use Industry is Expected to Grow at the Fastest Growth Rate During the Forecast Period 14.6.2 Argentina 14.6.2.1 Below Ground Installations are Expected to Grow at the Fastest Growth Rate During the Forecast Period 14.6.3 Rest of South America
16 Company Profiles 16.1 Georg Fischer AG 16.2 Perma-Pipe International Holdings, Inc. 16.3 Watts Water Technologies, Inc. 16.4 Uponor Oyj 16.5 Polypipe Group PLC 16.6 Kabelwerke Brugg AG Holding 16.7 Interplast S.A. 16.8 Isoplus Fernwaermetechnik GmbH 16.9 Pem Korea Co., Ltd. 16.10 Thermaflex International 16.11 Zeco Aircon Ltd. 16.12 Logstor A/S 16.13 Aquatherm GmbH 16.14 Other Companies 16.14.1 Ke KELIT Kunststoffwerk Gesellschaft M.B.H. 16.14.2 KC Polymers Pvt. Ltd. 16.14.3 Thermal Pipe Systems, Inc. 16.14.4 Ecoline S.R.L. 16.14.5 Vital Energi Utilities Ltd. 16.14.6 Set Pipes GmbH 16.14.7 Polytherm Heating Systems Ltd. 16.14.8 Maincor Rohrsysteme GmbH & Co. Kg 16.14.9 Durotan Ltd. 16.14.10 Nupi Industrie Italiane S.P.A. 16.14.11 Muovitech International Group 16.14.12 Tece GmbH 16.14.13 Rovanco Piping Systems, Inc. 16.14.14 Rehau Unlimited Polymer Solutions 16.14.15 Brunata Ltd. 16.14.16 Thermacor Process Inc. 16.14.17 Simona AG 16.14.18 Geberit AG
