Authored By: Sarah
11 Sep 2024

Latest News: Steel Fire Sprinkler Pipes Market is expected to grow by a CAGR of 7.24% during 2024-2028; Trends and Forecasts to 2018

The Steel Fire Sprinkler Pipes Market is expected to grow at a CAGR of 7.24% to reach USD 2430 million by 2028. In the realm of building safety, retrofitting fire sprinkler systems is a critical process for bringing older structures up to current safety standards. However, the absence of uniform regulations regarding retrofitting across various jurisdictions poses challenges for both installation and manufacturing of steel fire sprinkler pipes. For instance, the Department of Fire Marshal in Maryland, US, announced in January 2024 that no enforcement action will be taken for retrofitting in existing residential and commercial high-rises. This decision, made by the State of Maryland and local fire marshals, exempts these buildings from the mandatory requirement for full sprinkler installation. This inconsistency in regulations can create complications for stakeholders in the steel fire sprinkler pipe market.

APAC dominates the regional market because of The Steel Fire Sprinkler Pipes Market represents a significant segment in the fire protection industry. These pipes are essential for preventing and controlling fires in commercial and industrial structures. Our market analysis provides insights into market trends, growth drivers, challenges, and competitive landscape. Key players include names like Uponor, Watts Water Technologies, and Victaulic. Our report offers strategic recommendations for stakeholders to capitalize on opportunities and mitigate risks.

There are various factors that drive the Steel Fire Sprinkler Pipes Market market which are as following: The global steel fire sprinkler pipes market is experiencing significant growth due to the increasing urbanization and infrastructure development occurring worldwide. With the expansion of urban areas and the escalating complexity of infrastructure projects, the demand for advanced fire protection systems, including steel fire sprinkler pipes, is surging. In developing countries like India, construction activities are on the rise, as evidenced by the Indian government's allocation of approximately USD111 million in the 2024-2025 Union Budget for nationwide infrastructure development and construction projects, equating to around 3.4% of India's total GDP. This investment in infrastructure development will further boost the demand for steel fire sprinkler pipes.

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Steel Fire Sprinkler Pipes Market Segmentation

Type (Welded steel pipe, Seamless steel pipe) End-user (Commercial, Industrial, Residential) Geography (APAC, North America, Europe, Middle East and Africa, South America)

The market witnesses several challenges, which are as follows Functionality failures in steel fire sprinkler pipes can have devastating consequences for buildings and infrastructure. These failures can be attributed to various causes, including design and architectural issues, installation errors, subpar product quality, or pre-existing defects. For instance, in September 2023, an apartment complex in Noida, India, experienced significant damage due to malfunctions in its steel fire sprinkler piping system. An installation error, resulting in inaccurate positioning and angles of the pipes, led to pressurized water pipelines, causing an explosion. A similar incident occurred in Kansas City, US, in 2022, where a fire broke out, resulting in a loss of approximately USD200 million. Such incidents underscore the importance of ensuring the highest standards in the design, installation, and quality control of steel fire sprinkler piping systems.

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Some of the key companies that have been profiled in the report include: 

  • Apollo Pipes Ltd.
  • ArcelorMittal SA
  • ASC Engineered Solutions
  • Atkore Inc.
  • Bull Moose Tube Co.
  • Engineered Fire Piping
  • Hi Tech Pipes Ltd.
  • InfraBuild Trading Pty Ltd.
  • Johnson Controls International Plc.
  • LINHUI
  • Mueller Industries Inc.
  • Nucor Corp.
  • Southern Steel Berhad
  • Tata Steel Ltd.
  • Tenaris SA
  • Tianjin Profound Multinational Trade Co. Ltd.
  • Victaulic Co.
  • World Iron and Steel Co. Ltd
  • Zekelman Industries

Market Research Overview 

The global building products market encompasses businesses producing various building components, including windows and doors, flooring, ceiling and wall fixtures, roofing and gutter materials, insulation materials, cabinets, plumbing fixtures, and home improvement products and equipment. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers in this sector. Key growth drivers for the global building products market include the expanding construction industry, particularly in developed and emerging economies, and the pressing need to construct residential and healthcare facilities in response to urbanization and public health concerns. - The Steel Fire Sprinkler Pipes Market is experiencing significant growth, fueled by the Increasing urbanization and infrastructure development. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Market Research Analysis

The Steel Fire Sprinkler Pipes market encompasses the production, distribution, and installation of fire sprinkler systems using galvanized steel pipes. These pipes are ideal for outdoor installations due to their high tensile strength and resistance to corrosion. In the context of fire prevention, they play a crucial role in infrastructure by transporting fire suppressing agents to high-risk areas such as industrial sites, high-rise buildings, and public facilities. Building materials like galvanized steel pipes are essential for high-performance buildings, adhering to safety requirements and fire safety regulations. The fire prevention industry relies heavily on these pipes in various sectors, including residential and commercial developments, fire suppression systems, petrochemical, mining, and oil and gas industries dealing with flammable materials. Quality control is paramount in the production of fire safety pipes, ensuring the pipes meet safety standards and building codes. Fittings and connections are equally important for maintaining the integrity of the system. Ductile iron and carbon steel pipes are also used in fire sprinkler systems, each offering unique advantages based on specific application needs. The use of steel fire sprinkler pipes contributes significantly to public safety, ensuring the protection of lives and property from potential fires. The fire safety pipe market continues to grow as the importance of robust fire prevention systems becomes increasingly recognized in various industries.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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