9 out of 10 Manufacturers Invest in Twin Pre-insulated Pipes
Twin pipes will continue to capture significant stakeholders’ investments in the pre-insulated pipes market throughout the forecast period. Developed particularly for heat pump applications, these twin pre-insulated pipes incorporate all connections in a single pipe – heating pipes, power, and sensor cables.
Market players would reap over US$ 7 Bn from twin pipes in 2020. While twin pre-insulated pipes account for a leading revenue share, the single pipe variant would witness subsequent decline in its adoption.
North America Takes Lead; APAC Market to Firm its Grip
Market players are staying focused on North America for value-capture opportunities, owing to the rising adoption of DHC systems across downtown districts of the U.S. and Canada, and growth in domestic chemical processing and construction industries. The pre-insulated pipes market in this developed region would reach around US$ 5 Bn by 2027.
Rapid development of Building Internet of Things (BIoT) coupled with supportive government policies to initiate smart city projects in China and India are driving the pre-insulated pipes market in Asia Pacific (APAC). The region will witness a double-digit growth curve in the years ahead.
Material Innovation – Key Winning Tactic
Pipe material plays a key role in the transmission of fluid in pristine quality, resisting external factors such as UV rays and corrosion. Market players are increasingly leveraging polyurethane (PU) composites to manufacture pre-insulated pipes for various end users such as chemical fluid suppliers and drinking water suppliers.
The PU coating reduces around 40% heat loss as compared to conventional pipes, as well as enhances the service life of the pre-insulated pipes. Moreover, manufacturers are turning to polyolefin for applications such as below-the-ground and above-the-ground piping.
How Growth will Unfold
Amidst ongoing smart city projects across the world, governments are showing preference for DHC systems as an energy-efficient alternative in commercial buildings as well as residential units, rather than conventional electric-driven HVAC insulation units. Pre-insulated pipes are an integral component in the transmission of steam and gases in such systems.
In a similar fashion, they are witnessing demand upsurge in food & beverage processing, owing to their durability and non-corrosive attributes. However, high initial costs associated with pre-insulated pipes are limiting their application to large-scale enterprises. Further, as these pipes offer higher service life, market players are likely to see sluggishness in product movement over the next decade.
PRE-INSULATED PIPES MARKET TAXONOMY
The global pre-insulated pipes market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
Pipe Configuration
- Single Pipe
- Twin Pipe
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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by - Sudip Saha, Managing Director and Co-Founder of Future Market Insights
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