How Increasing Use of District Heating and Cooling is Driving Pre-Insulated Market?

It snowed in the U.A.E., which is in the middle of the desert, in 2017, with the temperatures plummeting to -2.2 °C, while the eternally frozen Antarctica just recently saw a record high of 18 °C! Anyone who isn't convinced that climate change is real should read these stats. And the reason? Air pollution, caused by carbon dioxide and the other greenhouse gases emitted by industries, vehicles, and houses. To reduce this as much as possible, governments are strongly pushing people to not only conserve energy, but also create it from renewable sources.

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A net-zero energy building (NZEB) takes care of both these things, by generating renewable electricity on-site and only using as much as it creates, at the same time leading to considerably low emissions. Due to these advantages, their construction is gaining momentum around the world, which is pushing the demand for pre-insulated pipes. Thus, driven by the surge in NZEB construction, the pre-insulated pipes market would grow to $9,597.9 million by 2024, from $5,568.5 million in 2018, at a 9.7% CAGR during 2019-2024 (forecast period). An important component of NZEBs, such pipes are designed to minimize heat gain or loss in the gas or liquid being ferried inside.

It snowed in the U.A.E., which is in the middle of the desert, in 2017, with the temperatures plummeting to -2.2 °C, while the eternally frozen Antarctica just recently saw a record high of 18 °C! Anyone who isn't convinced that climate change is real should read these stats. And the reason? Air pollution, caused by carbon dioxide and the other greenhouse gases emitted by industries, vehicles, and houses. To reduce this as much as possible, governments are strongly pushing people to not only conserve energy, but also create it from renewable sources.

A net-zero energy building (NZEB) takes care of both these things, by generating renewable electricity on-site and only using as much as it creates, at the same time leading to considerably low emissions. Due to these advantages, their construction is gaining momentum around the world, which is pushing the demand for pre-insulated pipes. Thus, driven by the surge in NZEB construction, the pre-insulated pipes market would grow to $9,597.9 million by 2024, from $5,568.5 million in 2018, at a 9.7% CAGR during 2019-2024 (forecast period). An important component of NZEBs, such pipes are designed to minimize heat gain or loss in the gas or liquid being ferried inside.

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Pre-Insulated Pipes market's competitive landscape

Some of the major players operating in the global pre-insulated pipes market are CPV Ltd., LOGSTOR A/S, PEM Korea Co. Ltd., Perma-Pipe International Holdings Inc., Polymerteplo Group, Rigitech Rigid Foam Products, SA Insulation Pty. Ltd., Thermal Pipe Systems Inc., Uponor Infra Fintherm a.s., and ZECO Aircon Ltd.

PRE-INSULATED PIPES MARKET SEGMENTATION

By Installation

Below Ground
Above Ground
By Type

Metals
Polymers
By Application

District Heating and Cooling (DHC)
Oil and Gas
Utilities
By Layer

Carrier Pipe
Insulation Layer
Outer Jacket
By Medium

Liquid
Gas
By End User

Industrial
Commercial
Residential

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This release was published on openPR.