According to Technavio’s latest market research study, the copper pipes and tubes market in EMEA is expected to grow at a CAGR of close to 5% during the forecast period of 2017 to 2021.
This report by Technavio provides an in-depth analysis of the copper pipes and tubes market in EMEA in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
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The top three revenue contributing product segments are discussed below
Copper pipes and tubes market in EMEA in HVAC segment: The rapid growth in construction activities across the EMEA region will lead to the growth of this market segment. Copper pipes and tubes have heat transfer and antimicrobial properties that are better than that of aluminum materials, resulting in an increasing demand for these components for HVAC applications across the region. The development of intelligent and energy-efficient HVAC systems will result in the growth of this market segment during the forecast period.
“The high demand for copper pipes and tubes in the HVAC segment is attributed to the falling demand for other metal substitutes, such as aluminum. These copper materials have thermal conductivity, corrosion resistance, and machinability properties that are leading to a higher demand for these pipes for various HVAC systems across the region,” says Swapnil Tejveer Sharma, a lead analyst at Technavio for research on metals and minerals.
Copper pipes and tubes market in EMEA in industrial heat exchanger segment: Copper pipes and tubes are good conductors of heat, thermally efficient, and durable. These pipes are a popular choice for heat exchangers because of its resistance to biofouling, corrosion, stress, and internal pressure. Moreover, these materials have an ease of fabrication, joining, and tensile strength, making it an ideal component for various industrial activities and processes.
Copper pipes and tubes market in EMEA in plumbing segment: The growing use of copper pipes and tubes for residential plumbing will lead to the growth of this market segment. These pipes are long-lasting and maintenance-free and help the building owners to save maintenance and reinstallation costs. The various types of pipes available in the market include the K-series, L-series, and M-series.
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The top vendors operating in the copper pipes and tubes market in EMEA are:
- MetTube
- Luvata
- KME
- Mueller Industries
- Qaem Copper
Other prominent vendors in the market include Metal Gems (Mehta Group), Maksal, Elektrosan, Furukawa Metal, Sumitomo, and Qingdao Hongtai Metal.
A more detailed analysis is available in the Technavio report titled, ‘Copper Pipes and Tubes Market in EMEA 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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