Aluminum air pipes

Pre-insulated Pipe Market Expected to Grow at a Robust CAGR by 2024

“Browse 83 Market Data Tables and 44 Figures spread over 166 Pages and In-Depth TOC on “Pre-Insulated Pipe Market by Installation (Underground and Aboveground), End-Use Industry (Heating and Cooling Urban, Oil & Gas, Infrastructure & Utility), and Region (Europe, North America, APAC, MEA, South America) – Global Forecast to 2024 “”

Pre-insulated Pipe Market by Installation (Underground and Aboveground), End-Use Industry (District Heating & Cooling, Oil & Gas, Infrastructure & Utilities), and Region (Europe, North America, APAC, MEA, South America South) – Global Forecast to 2024

the pre-insulated pipes market is expected to grow from USD 6.4 billion in 2019 to USD 10.2 billion by 2024 at a compound annual growth rate (CAGR) of 9.8% during the forecast period. Pre-insulated pipes are replacing traditionally insulated pipes in almost all applications due to their increased benefits, such as higher efficiency, improved insulation and better physical performance. Pre-insulated pipes are energy efficient compared to traditionally insulated pipes and prevent heat loss by 40% compared to traditionally insulated pipes, which is directly reflected in cost savings. These factors have led to the increased adoption of pre-insulated pipes in various end-use industries to prevent heat loss and save energy.

The major players in the pre-insulated pipes market are Georg Fischer AG (Switzerland), Logstor (Denmark), Uponor (Finland), Watts Water Technologies (USA), Perma-Pipe International Holdings (USA), Kabelwerke Brugg (Switzerland), Polypipe Group PLC (UK) and Isoplus Fernwaermetechnik GmbH (Germany), among others. The major players in the market have been focused on adopting expansion strategies, acquisitions and contracts to meet the demand for pre-insulated pipes in various applications for various end-use industries. In July 2017, GF Piping Systems, a division of Georg Fischer AG, acquired a 49% stake in Urecon Ltd. (Canada), a major player in pre-insulated pipe systems. With this acquisition, GF Piping Systems has strengthened its presence in North America. The purpose of the development was to accelerate the introduction of the pre-insulated cooling and air conditioning piping system in North America.

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In May 2017, Uponor Oyj. invested $17.4 million in its production plant in Apple Valley, Minnesota (USA). This is the tenth expansion since the Apple Valley facility started operating in 1990. The purpose of the expansion is to improve the production capacity of the mentioned facility. With this development, the company expects to meet the growing demand for PEX tubing in North America.

In August 2016, Perma-Pipe International Holdings, Inc. acquired a 100% interest in Bayou Perma-Pipe Canada, for US$9.6 million. With this acquisition, Perma-Pipe International Holdings, Inc. has diversified its business while strengthening its geographical presence in North America. This development is expected to create a synergy that would provide a competitive advantage in the district heating and cooling market in the region.

In January 2016, Uponor Oyj acquired a 100% stake in 2 companies, Delta Systemtechnik GmbH and KaMo Group (Germany). The development aims to support and diversify Uponor Oyj’s product portfolio. The objective of these acquisitions is to provide a competitive advantage to Uponor Oyj in the drinking water and heat transfer sectors in the European region.

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