Wednesday, 17 May 2023 03:05 AM
Company Update
NEWARK, DE / ACCESSWIRE / May 17, 2023 / According to Future Market Insights (FMI), Europe Pre-Insulated Pipe Market is estimated to reach US$ 1,263.2 million in 2023. Between 2023 and 2033, demand for pre-insulated pipes in Europe is expected to rise at 6.6% CAGR. By 2033, the total market valuation is projected to cross a valuation of US$ 2,379.7 million.
Currently, the single pipe segment leads the Europe market with a share of about 74%. This is due to the rising usage of these pipes across various sectors.
The rise in district heating and cooling projects across European countries is emerging as a key factor that will boost pre-insulated pipe demand.
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Growing focus on reducing energy consumption and greenhouse gas emissions is prompting end users to shift towards more sustainable heating and cooling systems. This in turn is creating a conducive environment for the development of Europe's pre-insulated pipe industry.
Pre-insulated pipes are widely used in applications such as district heating and cooling systems, residential and commercial HVAC systems, and industrial processes. They are usually made of materials such as copper, steel, or plastic, and are available in a range of configurations to meet different application requirements.
Pre-insulated pipes can provide effective insulation to transport hot or cold fluids between different components of the system. Hence, they have become key components of many renewable energy systems.
Growing usage of pre-insulated pipes in renewable energy systems is likely to boost Europe's pre-insulated pipe market during the projection period.
Another key factor that will bolster pre-insulated pipe sales across Europe is the growing awareness of the benefits of these pipes.
Key Takeaways of Europe Pre-insulated Pipe Market Study
- Europe's pre-insulated pipe industry is projected to reach a valuation of US$ 2,379.7 million by 2033.
- Pre-insulated pipe demand across Europe is set to rise at a CAGR of around 6.6% through 2033.
- Based on application, the HVAC systems segment is forecast to reach a value of US$ 848.1 million by 2033.
- By insulation thickness, the 1 to 2-inch segment is projected to create an incremental $ opportunity of US$ 464.5 million through 2033
- Germany's pre-insulated pipe industry is poised to exhibit a CAGR of 6.5% from 2023 to 2033.
- The United Kingdom market is expected to surpass a valuation of US$ 345.3 million by 2033.
- Demand for pre-insulated pipes in Russia is forecast to surge at 6.2% CAGR during the assessment period.
- Tier-1 manufacturers account for around 45% to 50% of the overall Europe pre-insulated pipes industry.
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"Rising popularity of district cooling across European countries is expected to bolster pre-insulated pipe sales during the next ten years. Manufacturers are likely to find expansion opportunities by focusing on utilizing various materials in their products while catering to niche requirements as they arise across varying sectors like cooling or industrial." - says a lead analyst at Future Market Insights (FMI)
Who is Winning?
Uponor Corporation, GF Piping System, Logstor Denmark Holding ApS, Polypipe Group Plc, Armacell GmbH, KE Kelit GmbH, Rehau AG and Co., Polypipe Group Plc, Brugg Group Ag and others are a few of the top pre-insulated pipe manufacturers across Europe profiled in the report.
These players are focusing on introducing new products with features such as cost-effectiveness, durability, and easy installation. They are also showing interest in mergers, acquisitions, collaborations, partnerships, and agreements to gain a competitive edge in the market.
For instance,
In October 2021, Uponor Corporation completed the acquisition of Capricorn S.A., a prominent Polish manufacturer of components for sanitary and heating installations.
The Key Segmentations-
By Insulation Material:
- Polyethylene
- Polypropylene
- Polyurethane
- Phenolic Foam
- Mineral Wool - rock wool & slag wool
- Glass Wool/Fiberglass
- Elastomeric Foam
- Aerogel
- Others (Calcium Silicate, cellular glass)
By Insulation Thickness:
- 0.1 to 0.5 Inch
- 0.5 to 1 Inch
- 1 to 2 Inch
- 2 to 4 Inch
By Configuration:
- Single Pipe
- Twin Pipe
By Pipe Outer Diameter:
- Up to 6 Inch
- 6 to10 Inch
- 10 to 12 Inch
- 13 to 18 Inch
- 18 to 20 Inch
- 21 to 30 Inch
- Above 30 Inch
By Application:
- HVAC Systems
- Hot / Cold Water Piping
- Fuel / Gas / Lubricant Piping and Process Industry Piping
By End Use:
- Industrial
- Residential and Commercial HVAC
- District Cooling & Heating
- Civic Water Supply & Distribution
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Table of Content (TOC)
1. Executive Summary
1.1. Europe Market Outlook
1.2. Demand Side Trends
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
5. Europe Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (meters) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (meters) Projections, 2023 to 2033
Find More Valuable Insights:
The research report analyzes the market demand trends of the Europe pre-insulated pipe industry. The market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and rate of urbanization.
As per Future Market Insights (FMI) research scope, the pre-insulated pipe market has been studied and segmented on the basis of insulation material, insulation thickness, configuration, pipe outer diameter, application, end-use, and country. The report provides qualitative and quantitative information on various players in this market. This report also tracks the supply and demand sides of the market.
For additional insights on how the Europe pre-insulated pipe market will shape up over the next decade, write to [email protected]
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