Fire Protection System Pipes Market worth $28.5 billion by 2027 | Key players Johnson Controls, Tata Steel, Simona AG, Astral Pipes, China Lesso

According to recent market research the "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 - Global Forecast to 2027", 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, 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.

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The fire protection system pipes market was dominated by the welded pipes segment in 2021. Welded fire protection system pipes witnessed higher demand from emerging countries in 2021. The higher demand for welded pipes is mainly attributed to their lower price when compared to seamless pipes.

Asia Pacific is the fastest-growing region for welded pipes in the fire protection system pipes market. The growth of this market is attributed to the rising demand from the domestic market and rapid growth in end-use industries, such as oil & gas, marine, and construction.

Countries such as China, India, Vietnam, and Indonesia are identified as high-growth markets as there are increasing opportunities and demand for fire protection system pipes. Markets in countries, such as Vietnam and Indonesia, are growing at high rates in product finishes, marine, and other heavy industries.

The steel pipes segment accounted a largest share in the fire protection system pipes market and thus dominated the market. Steel pipes have high demand from the chemical, oil & gas, petrochemical, automotive, and mechanical & engineering industries, owing to which these tubes account for a higher market share.

Steel is subdivided into carbon steel, stainless steel, and alloy steel. These materials are in high demand for pipe manufacturing in different end-use industries. They differ based on properties and characteristics as per the applications where these are required. They differ in prices based on their properties and availability.

Asia Pacific is the fastest-growing market for steel pipes. The growth is attributed to the high demand for steel in the region and relatively lower prices than in other regions. The rapidly increasing demand from maintenance applications, especially in China and South Korea, further increases the demand for steel pipes.

During the forecast period, the demand for steel pipes is expected to increase due to the rising demand from end-use industries such as heavy infrastructure, water treatment, oil & gas, shipbuilding, and product finishes. High demand is expected for steel pipes in emerging countries such as Brazil, Thailand, and India due to increased developments in the infrastructure and industrial sectors in these countries.

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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, 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.

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.

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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.

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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