North America Had the Largest Revenue Share in Pre-Insulated Pipes Industry
The pre-insulated pipes market will grow significantly in the years to come. Growing acceptance of district heating and cooling systems and building of energy-efficient structures, both meant at lowering consumption of energy during transportation of fluid will drive the demand for pre-insulated pipes in the near future.
Based on installation, the industry is bifurcated into below-the-ground and above-the-ground installation. The former had the larger share. This has a lot to do with the relatively easy fitting, low vulnerability to damage, and lack of aerial space or on-ground tenancy.
Based on application, the industry is categorized into utilities and DHC, oil and gas. The requirement for pre-insulated pipes for DHC systems was the largest in the past. The acceptance of DHC systems is growing, because of financial inducements and economic measures, like low-interest loans, tax breaks, subsidies, and grants by numerous governments.
The construction industry will witness notable growth in the years to come. This has encouraged administrations, construction groups, and owners of the buildings around the globe for lowering energy footprint throughout the tenancy of projects. Pre-insulated pipes bid a solution to this challenge, as these are essential to energy systems and benefit in plummeting energy footprint.
The increasing acceptance of DHC systems will generate the requirement for pre-insulated pipes in the future. The U.S., Japan, Canada, China, Russia, Iceland, Germany, France, and Denmark, have a high acceptance rate of DHC systems and will further boost their demand because of growing preference from housing and commercial segments.
With the increase in Demand for DHC, and construction of energy efficient buildings has a lot to do with the increasing demand for the pre-insulated pipes.
