Global Fire Protection System Pipes Market Size 2024, Forecast To 2033
6 Mar, 2024
The fire protection system pipes market has experienced strong growth, rising from $15.52 billion in 2023 to $16.43 billion in 2024, showcasing a notable compound annual growth rate (CAGR) of 5.9%. The growth during the historic period is attributed to factors such as the enforcement of stringent building codes and regulations, the increasing pace of urbanization and construction activities, growing awareness of fire safety, increased investments in infrastructure development, and a rise in fire incidents and losses. Turning towards 2028, the fire protection system pipes market is projected to experience strong growth, reaching $20.96 billion at a CAGR of 6.3%. The anticipated growth in the forecast period is linked to factors including integration with building automation systems, rising demand in the oil and gas industry, strategic partnerships and collaborations, a focus on sustainable and eco-friendly solutions, and the expansion of the warehousing and logistics sector. Major trends for 2028 encompass the use of advanced materials for pipe construction, the integration of smart technologies, a focus on lightweight and flexible pipes, increased emphasis on retrofitting, and the adoption of pre-engineered systems.
Global Fire Protection System Pipes Market Key Driver
The increase in loss of human lives and property due to fire breakouts is expected to significantly drive the fire protection system pipe market going forward. Fire breakouts refer to tragic occurrences that may result in the loss of property and horrifying burn injuries that inflict excruciating agony, scarring, deformity, disability, the need for ongoing care, and even death. Fire protection system pipes are major protectors from fire accidents. This has sprinklers and smoke detectors. If a fire starts, smoke triggers the detector, turning on the sprinkler system, so these factors boost the fire protection system pipe market. For instance, in September 2021, according to a survey conducted by the National Fire Protection Association (NFPA), a US-based non-profit organization, local fire departments in the US responded to 1.35 million fire incidents in 2021. 3,800 civilians lost their lives in these fires, and 14,700 civilian fire injuries were also reported. The estimated cost of the property destruction brought on by these fires was $15.9 billion. Therefore, the increase in loss of human lives and property due to fire breakouts is expected to drive the growth of the fire protection system pipes market going forward.
Get A Free Sample Of The Global Fire Protection System Pipes Market ReportGlobal Fire Protection System Pipes Market Segments
The fire protection system pipes market covered in this report is segmented –
1) By ????: Seamless Pipes, Welded Pipes
2) By Material: Steel, CPVC, Copper, Other Materials
3) By Application: Fire Suppression System, Fire Sprinkler System
4) By End-Use Industry: Residential, Industrial, Commercial
By Geography:The regions covered in the fire protection system pipes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the fire protection system pipes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global fire protection system pipes market report during the forecast period. The regions covered in the fire protection system pipes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Fire Protection System Pipes Industry Players
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, Mercedes Textiles Ltd., Minimax GmbH, Octal Steel, Tpmcsteel, Rawhide Fire Hose LLC, 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, Lubrizol Corporation, Carpenter & Paterson Ltd., FlexHead Industries Inc., Metraflex Company
Get The Full Global Fire Protection System Pipes Market ReportFire Protection System Pipes Market Overview
Fire protection system pipes refer to automatic sprinkler systems and other water systems that are used to put out fires and carry water or other liquid to connect firefighting equipment. For ease of identification by firefighters and other personnel, these pipes are generally painted red to set them apart from other water systems.
Fire Protection System Pipes Global Market Report 2023 provides data on the global fire protection system pipes market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The fire protection system pipes market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.