Browse 121 market data Tables and 46 Figures spread through 206 Pages and in-depth TOC on “Fire Protection System Pipes Market”
North America leads the Fire Protection System Pipes Market, driven by strategic collaborations, innovations, and demand from residential, commercial, and industrial sectors. Increased fire safety awareness and stringent government regulations further boost market growth.
The fire protection system pipes market [https://www.marketsandmarkets.com/Market-Reports/fire-protection-systems-pipes-market-163933967.html] is projected to reach USD 28.5 billion by 2027 at a CAGR of 6.7% from USD 20.6 Billion in 2022. The 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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The key players in the fire protection system pipes [https://www.marketsandmarkets.com/Market-Reports/fire-protection-systems-pipes-market-163933967.html] market are Johnson Controls (Ireland), Tata Steel (India), Simona AG (Switzerland), Astral Pipes (India), China Lesso (China) and others. The companies are majorly following merger & acquisition as the strategy to grow and expand the market.
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.
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Tata Steel is the steel manufacturer from India. The company operates through four segments: Automotive, Industrial & General Engineering, Construction, and Agriculture. Fire protection system pipes are offered under Industrial & General Engineering, and construction segment. It offers its products & solutions to various industries, such as agriculture, automotive, construction, consumer goods, energy & power, engineering, and material handling. Tata Pipes, Tata Astrum, Galvano, Tata Bearings, Tata Precision Tubes, Tata Shakti are some of the products offered by Tata steel. 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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North America leads the fire protection systems pipes market due to strategic collaborations, innovations, and demand across residential, commercial, and industrial sectors. Increased fire safety awareness and government regulations significantly drive this market. North America’s diverse market hosts many manufacturing companies focusing on new product developments to meet growing end-user demand. Technological advancements in manufacturing and high-quality products further propel the North American fire protection systems pipes market.
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