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Fire Protection System Pipes Market: Projected Growth Rate and Market Size Accelerated by Building Regulations and Fire Safety Awareness
Fire Protection System Pipes Market Size
What Is The Projected Market Size Of The Global Fire Protection System Pipes Market And Its Growth Rate?
• The market size was $16.2 billion in 2024 and it is projected to reach $17.14 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.8%.
• Factors such as stringent building codes and regulations, increasing urbanization and construction activities, and growing awareness of fire safety contributed to this upward trend in the historic period.
• Future growth predictions indicate a market size of $22.69 billion in 2029 with a CAGR of 7.3%.
• This forecasted growth can be attributed to the integration with building automation systems, rising demand in the oil and gas industry, strategic partnerships and collaborations, and a focus on sustainable and eco-friendly solutions.
What Is Driving The Growth In The Fire Protection System Pipes Market?
The growth in the fire protection system pipes market is primarily driven by the increased loss of human lives and property due to fire breakouts. As these incidents pose a significant threat, fire protection system pipes play a crucial role in safeguarding lives and belongings. These systems, consisting of sprinklers and smoke detectors, provide immediate response to fire outbreaks. For instance, in 2022 alone, fire departments in the United States attended to approximately 1.5 million fires leading to 3,790 civilian deaths and 13,250 reported civilian injuries. This alarming statistics affirm the market's growth potential.
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Who Are the Key Players Driving Fire Protection System Pipes Market Growth?
• Johnson Controls International plc
• Simona AG
• Tata Steel Ltd.
• China Lesso Group Holdings Ltd.
• Astral Limited
• Aquatherm LLC
• Bull Moose Tube Company
• Engineered Fire Piping S.L.
• Jakob Eschbach GmbH
• Jindal Industries Pvt. Ltd.
• Kan-Therm GmbH
• Minimax GmbH
• Octal Steel
• Tpmcsteel
• Zekelman Industries
• Victaulic
• Anvil International LP
• Mueller Industries Inc.
• The Viking Corporation
• Potter Electric Signal Company
• Wavin BV
• Globe Fire Sprinkler Corporation
• Ferguson Fire & Fabrication Inc.
• Uponor Corporation
• Carpenter & Paterson Ltd.
• FlexHead Industries Inc.
• Metraflex Company
What Are The Key Trends In The Fire Protection System Pipes Market?
Key trends in the fire protection system pipes market are:
• Advanced materials for pipe construction
• Integration of smart technologies
• Focus on lightweight and flexible pipes
• Increased emphasis on retrofitting
• Adoption of pre-engineered systems
What Are The Segments Of The Global Fire Protection System Pipes Market?
The global fire protection system pipes market is segmented by:
• ????: Seamless Pipes, Welded Pipes
• Material: Steel, CPVC, Copper, Other Materials
• Application: Fire Suppression System, Fire Sprinkler System
• End-Use Industry: Residential, Industrial, Commercial
Which Region Leads The Fire Protection System Pipes Market?
In 2024, North America was the largest region in the fire protection system pipes market. However, it is projected that Asia-Pacific will be the fastest-growing region during the forecast period. Other regions covered in the market report include Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Fire Protection System Pipes Market Global Market Report?
- Market Size Analysis: Analyze the Fire Protection System Pipes Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Fire Protection System Pipes Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Fire Protection System Pipes Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Fire Protection System Pipes Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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