Fire protection system pipes market growing at a CAGR of 5.7% & projected to reach $34.7 billion by 2032

According to a new report published by Allied Market Research, titled, "Fire Protection System Pipes Market," The fire protection system pipes market size was valued at $20.2 billion in 2022, and is estimated to reach $34.7 billion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.

Fire protection system pipes are specialized channels essential for fire safety purposes, designed to convey and distribute fire suppressants or water during emergencies across various sectors. Available in diverse materials like steel, CPVC, and others, these pipes serve specific functions in fire suppression and fire sprinkler systems

Download PDF Sample: https://www.alliedmarketresearch.com/request-sample/A290083

Fire Protection System Pipes are specifically designed channels incorporated within fire safety setups, responsible for conveying and dispersing water or fire suppressants throughout a building in case of a fire crisis. These pipes hold a crucial position within the fire safety framework by enabling the seamless flow of water to strategically placed sprinkler heads or other fire suppression apparatus. Their function is instrumental in confining or putting out fires effectively. Asia-Pacific was the region with the most revenue in 2022; however, during the forecast period, LAMEA is anticipated to develop at the fastest CAGR, with LAMEA following closely behind.

Furthermore, it is anticipated that the expansion of the fire protection systems pipes business will be fueled by a surge in the number of fire casualties, property loss, and public safety concerns during fire accidents in developing nations like Vietnam, Indonesia, and India. Furthermore, the expansion of the commercial sector and rising construction costs have a significant impact on market development. However, the growth of the fire prevention system pipes market is hampered by fluctuating raw material prices. The impact of this factor is anticipated to reduce in future, due to intense competition by fire protection system pipes industry players.

The types of fire protection system pipes outlined in the report encompass fire suppression systems and fire sprinkler systems. In the 2022 market forecast, the fire suppression systems segment held the largest portion of the fire protection system pipes market, driven by heightened demand across various industrial sectors like manufacturing and chemicals. Additionally, numerous companies are concentrating on strategies involving acquisitions and business expansion. For instance, in February 2023, Halma, a conglomerate of life-saving technology firms, announced its acquisition of Thermocable (Flexible Elements) Ltd to enhance its fire detection subsidiary, Apollo Fire Detectors Limited (Apollo). Thermocable, situated in Bradford, UK, specialized in producing Linear Heat Detectors (LHDs), cables that sense temperature changes in fire-prone zones, prompting alerts when detecting overheating.

Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/A290083

By end user, the commercial segment accounted for the largest market share in 2022, due to increase in commercial construction activities and repair. The commercial sector employs fire protection products such as fire protection system pipes and sprinklers in large scale. Furthermore, the fire protection systems pipe market is expected to witness significant growth in China and India, owing to increase in population growth.

Moreover, the construction of new official buildings, commercial complexes, railway stations is expected to boost the growth of the market in the commercial sector. High acceptance of fire analysis systems from commercial buildings is anticipated to propel the fire protection system pipes market growth.

Depending on material type, the steel segment accounted for the maximum share in 2022 and is expected to maintain its lead throughout the forecast period. This is attributed to rapid industrialization and government efforts to expand and upgrade the existing infrastructure.

The global fire protection system pipes market is classified into material type, application, end user, and region. Based on material type, the market is categorized into steel, CPVC and others. Depending on application, the market is segmented into fire suppression systems and fire sprinkler systems pipes. By end user, the market is bifurcated into commercial, industrial, governmental, institutional, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Inflation significantly impacts the fire protection system pipes market analysis, exerting diverse effects across the industry. The continuous rise in overall prices of goods and services affects the production of crucial pipe materials like steel, copper, and plastics, increasing manufacturing expenses for pipe makers. This inflationary pressure extends to installation and maintenance costs, escalating labor expenses for servicing fire protection systems, potentially burdening end-users with higher costs. Uncertainties stemming from inflation influence investment decisions, causing fluctuations in demand for fire protection system pipes and affecting industry stakeholders. However, inflation also drives innovation, compelling manufacturers to seek cost-effective materials and methods, fostering advancements in materials and installation techniques.

Moreover, businesses have embraced product launches as a pivotal strategy for growth, aiming to endure high competition and broaden their presence in the worldwide market. For instance, in September 2023, Astral Limited attained IS certification for its automatic sprinkler fire extinguishing system and Fire Pro CPVC fittings from the Bureau of Indian Standards, following IS 16534-2017 standards. Such fire protection system pipes market trends are expected drive the market growth.

Competition Analysis

Key market players profiled in the report include Anvil International, LLC., ASTRAL LIMITED, China Lesso Group Holdings Limited, Gf Piping Systems, HALMA PLC, Johnson Controls International plc, Minimax Viking GmbH, Mueller Industries, Inc., Simona AG and TPMC STEEL (Tianjin Profound Multinational Trade Co., Ltd.).

Full Report With TOC: https://www.alliedmarketresearch.com/fire-protection-system-pipes-market-A290083

Table Of Content
Chapter 1 : INTRODUCTION
Chapter 2 : EXECUTIVE SUMMARY
Chapter 3 : MARKET OVERVIEW
Chapter 4 : FIRE PROTECTION SYSTEM PIPES MARKET, BY MATERIAL TYPE
Chapter 5 : FIRE PROTECTION SYSTEM PIPES MARKET, BY APPLICATION
Chapter 6 : FIRE PROTECTION SYSTEM PIPES MARKET, BY END USER
Chapter 7 : FIRE PROTECTION SYSTEM PIPES MARKET, BY REGION
Chapter 8 : COMPETITIVE LANDSCAPE
Chapter 9 : COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES

1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle, Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Construction Blog  https://steemit.com/@vijayanalytics/posts
Construction Material Blog https://www.quora.com/profile/Vijay-Conma/posts
Construction Blog https://vijayanalytics.blogspot.com/
Construction Material Blog https://vijayconma.medium.com/

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the repor

This release was published on openPR.