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The global Pre-Insulated pipe market is forecast to reach USD 12.23 Billion by 2026, according to a new report by Reports and Data. Pre-insulated pipes are employed to hold a steady temperature, cooling facilities, and transport fluids from heating and reduce energy losses to residential, commercial installations, and industrial. The pipes are constituted of three layers: insulation layer, carrier pipe, and outer jacket. Integration of artificial intelligence (AI) and the internet of things (IoT) technologies are expected to assist in the development of district heating and cooling system-based supply chains, thereby sustaining traction to the demand for these pipes across the regions.This is the latest report covering the current COVID-19 scenario. The coronavirus pandemic has greatly affected every aspect of the worldwide industry. It has brought along various changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact are covered in the research report. The report discusses all the major aspects of the market with expert opinions on the current status along with historical data.
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Key players mentioned in the research report are:
Georg Fischer AG, Logstor, Uponor, Watts Water Technologies, Perma-Pipe International Holdings, Kabelwerke Brugg, Polypipe Group PLC, and Isoplus Fernwaermetechnik GmbH, CPV Ltd., and ZECO Aircon Ltd., among others.
In terms of applications, the global Pre-Insulated Pipes market can be segmented into:
Infrastructure and Utility
Oil and Gas
District Heating and Cooling
Others
In terms of types, the global Pre-Insulated Pipes market can be segmented into:
Flexible Pre-Insulated Pipe
Rigid Pre-Insulated Pipe
The Pre-Insulated Pipes Market is analyzed on the basis of dynamics of demand and supply, pricing, total volume produced, revenue generated, and others. The manufacturing is studied on the basis of several factors such as manufacturing plant distribution, industry production, production capacity, and research and development. It also delivers accurate market evaluations with the use of SWOT analysis, investment analysis, returns analysis, and growth trend analysis, and others.
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For geographical segmentation, regional supply, application-wise, and type-wise demand, key players, and others, this report covers the following regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report sheds light on the competitive landscape of the market that covers the product offerings, services, market shares, and business overview. This Pre-Insulated Pipes Market research report covers various dynamic aspects like the market drivers, restraints and challenges, and growth prospects. The prominent and leading companies are profiled in the report.
Further key findings from the report suggest
• Below ground pre-insulated pipe segment is set to experience the highest CAGR of 9.7% during the forecast period. This is because of the increased adoption of district heating and cooling systems. For long-distance pipelines, underground pre-insulated pipes are used since they reduce the number of joints, fitting elements as well as welding operations.
• Flexible pre-insulated pipes have been observed to have held a market share of 48.0% in the year 2018. Being more costly for installation, these pipes are restricted for utilization in major sectors. With higher commercialization in this market, the utilization of this segment shall increase.
• The category of District Heating and Cooling (DHC) has held the largest market share of 37.1% in the year 2018. This is owing to the increased requirement of heating and cooling facilities in residential as well as commercial sectors. The requirement for energy-efficient and environment-friendly infrastructure are driving the demand for pre-insulated pipes in this segment.
• Asia Pacific is forecasted to grow with a CAGR of 9.4% during the forecast period. Countries like India, China, and Japan are rapidly catching up with the growth in the pipeline material market. Oil and gas production, along with rapid urbanization, has caused the market to develop in this region.
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