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Fire Protection System Pipes Market will be Valued at US$ 28.5 billion by 2027| Report by MarketsandMarkets™

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Fire Protection System Pipes Market will be Valued at US$ 28.5 billion by 2027| Report by MarketsandMarkets™

February 28
04:32 2023
Fire Protection System Pipes Market will be Valued at US$ 28.5 billion by 2027| Report by MarketsandMarkets™
Browse 121 market data Tables and 46 Figures spread through 206 Pages and in-depth TOC on “Fire Protection System Pipes Market”
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

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. The 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 most typical kind of fire protection system pipe used in residential and commercial buildings is welded pipe. These pipes offer a strong resistance to corrosion and rust and are comparatively simple to install. They come in a range of sizes, lengths, and materials and are also reasonably priced. Moreover, welded pipes have a longer lifespan than other types of pipes and require less maintenance. As a result, welded pipes are anticipated to rule the market for fire prevention system pipes during the anticipated period.

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Over the anticipated period, North America is most likely to hold the greatest market share for fire prevention system pipes. This is most likely a result of the region’s tighter safety rules as well as increased spending on infrastructure for safety and security in the United States and Canada. Over the forecast period, the United States is anticipated to continue to be the region that contributes the most to the market for fire prevention system pipes in North America. The need for fire prevention system pipes in the nation is anticipated to rise as a result of factors like stricter building rules and regulations, rising investment in smart city projects, and technological improvements.

The fire sprinkler system application market for fire protection system pipes is anticipated to hold the greatest market share during the forecast period. The most often used fire prevention system is a fire sprinkler system, which is installed in industrial facilities, residential and commercial buildings, and other locations where there is a risk of fire. The market for fire protection system pipes is expanding as a result of factors such as strict fire safety regulations, rising fire safety awareness, and the expanding construction sector. These factors are all contributing to the rising demand for fire sprinkler system installation.

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.

About MarketsandMarkets™ 

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

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