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Global fire protection system pipes market forecast shows promising growth

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Market overview: Fire Protection System Pipes

Allied Market Research has released a report titled “Fire protection system pipes market by material type, application, and end user: global opportunity analysis and industry forecast, 2023-2032.”

The global market for fire protection system pipes was valued at $20,229.8 million in 2022 and is anticipated to expand to $34,744.2 million by 2032.

This growth corresponds to a compound annual growth rate (CAGR) of 5.68% from 2023 to 2032.

The report highlights North America as a leading consumer in the fire protection system pipes sector, attributing this to the booming construction industry and a heightened focus on fire safety.

Additionally, the market is experiencing a significant push from the oil & gas industry, alongside rapid urban development in countries like India, China, and Brazil.

Material and application insights

The study further segments the market based on material type, application, and end user, providing detailed insights into various aspects of the market.

The steel segment, known for its robustness and durability, dominated the market in 2022, capturing more than half of the overall revenue.

It is expected to maintain its dominant position through the forecast period.

On the other hand, the CPVC segment is predicted to witness the highest CAGR of 5.6% due to its advantages such as fire resistance, availability, and cost-effectiveness.

In terms of application, the fire suppression segment took the lead in 2022, securing nearly four-fifths of the market share, driven by increasing demand across manufacturing and chemical industries.

Meanwhile, the fire sprinkler segment is projected to achieve the highest CAGR of 6%, spurred by growing requirements in residential and institutional sectors.

End-user and regional dynamics

The commercial segment emerged as the largest end-user in 2022, thanks to significant contributions from developing regions such as China, Japan, India, and Africa.

The industrial segment is anticipated to exhibit the highest CAGR of 5.7% from 2023 to 2032, reflecting broader economic growth and industrialisation across these nations.

Region-wise, Asia-Pacific led the market in 2022, accounting for more than half of the total revenue, and is expected to continue its leadership.

The Latin America, Middle East, and Africa (LAMEA) region, however, is forecasted to experience the fastest growth, with a CAGR of 6.9%, attributed to rapid urbanisation and industrialisation in these areas.

IFSJ Comment

The upward trajectory of the fire protection system pipes market underscores the critical role these systems play in modern infrastructure, ensuring safety and compliance across a broad spectrum of industries and residential areas.

The report from Allied Market Research provides a comprehensive analysis, indicating a steady demand for fire protection solutions worldwide.

This growth is fuelled by technological advancements, stringent safety regulations, and a global emphasis on disaster preparedness and risk mitigation.

As urbanisation and industrial activities continue to surge, particularly in developing regions, the importance of adopting and integrating advanced fire protection systems cannot be overstated.

The market’s evolution reflects ongoing efforts to enhance safety standards, catering to the diverse needs of commercial, industrial, and institutional sectors.

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