According to a market research report, the “Fire Protection System Pipes Market by Type (Seamless, Welded), Material (Steel, CPVC, Copper), Application (Fire Suppression System, Fire Sprinkler System), End-use Industry(Residential, Industrial, Commercial), and Region- Global Forecast to 2027″, size is projected to reach USD 28.5 billion by 2027 at a CAGR of 6.7% from USD 20.6 billion in 2022. Growth of the market is fueled by the growth of the construction industry, increase in loss of human lives and property due to fire breakouts, stringent regulatory compliances, and rise in the adoption of wireless technology in fire detection systems. High initial costs, concerns about false alarms and detection failures, and the high cost of upgrading traditional fire detectors to smart detectors are restraining market growth.
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- 121 Market data Tables
- 46 Figures
- 206 Pages and in-depth TOC on “Fire Protection System Pipes Market – Global Forecast to 2027”
Major Market Players covered in the report Johnson Controls (Ireland), Tata Steel (India), Simona AG(Germany), Astral Pipes (India), China Lesso (China), Octal Steel (China), Jindal Industries Pvt. Ltd. (India), Aquatherm (Germany), Zekelman Industries (US), TPMC Steel (China)
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Fire Protection System Pipes Market.
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Johnson Controls is a provider of sustainable and smart buildings, industrial refrigeration, retail solutions, batteries, and oil and gas products. The company conducts its business in four business segments: Building Solution North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, Global Products. It offers fire protection system pipes through all the four segments. Johnson Controls provides fire protection system pipes through its wholly-owned subsidiary, Tyco. In 2016, Johnson Controls and Tyco were merged to combine Johnson Controls building efficiency solutions with fire and security solution portfolio of Tyco. Johnson Controls has its presence in 150 countries worldwide. It has its presence in North America, Europe, Asia Pacific, and Others.
Fire protection system pipes are offered under Tata Pipes, which is also a subsidiary of Tata Steel. The company has its operations in 26 countries worldwide and has commercial presence in 50 countries. It has a crude steel capacity of 33 million tons per annum. The company has its presence in North America, Europe, Asia Pacific, and Middle East & Africa, and South America.
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