The pre-insulated pipes market is projected 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. Stringent regulations and initiatives in the European region, such as EPBD and NZEB to reduce the carbon footprint and construct energy-efficient buildings are infusing growth in the pre-insulated pipes market. This is also leading to increasing investments in the replacement of existing less efficient district heating systems in the European region.
Pre-insulated pipes are layered pipes, which consist of a carrier pipe, insulation layer, and outer casing/jacketing. These layers are made using different raw materials which depend on the end-use industries for which these are required. Traditionally, pre-insulated pipes are used in order to enable energy conservation by preventing energy loss to the environment, which boosts cost savings. Energy loss is prevented by using effective insulation materials and providing appropriate jacketing to the carrier pipe. The most common end-use industries of pre-insulated pipes are district heating & cooling, oil & gas, infrastructure & utility, food processing, pharmaceutical, chemical, water treatment, and wineries.
Some of the leading players in the global pre-insulated pipes market include Georg Fischer AG (Switzerland), Logstor (Denmark), Uponor (Finland), Watts Water Technologies (US), Perma-Pipe International Holdings (US), Kabelwerke Brugg (Switzerland), Polypipe Group PLC (UK), and Isoplus Fernwaermetechnik GmbH (Germany), among various others.
