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Plastic Hot & Cold Pipe Market Worth $8.7 Billion by 2027 – Exclusive Report by MarketsandMarkets™

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According to the new market research report Plastic Hot & Cold Pipe Market by Raw Material (PEX, PE-RT, PPR, C-PVC, and PB), Application (Water Plumbing Pipes, Radiator Connection Pipes and Underfloor Surface Heating & Cooling), End User, & Region – Global Trends & Forecast to 2027″, published by MarketsandMarkets™, global Plastic Hot & Cold Pipe Market size will grow to USD 8.7 billion by 2027 from USD 6.5 billion in 2022, at a CAGR of 5.9% during the forecast period. The growth of the residential sector is led by government support and incentives for adoption of underfloor heating system, even plastic hot and cold pipes are corrosion resistant, easy to install and cost efficient, hence these are driving demand for plastic hot and cold pipe globally. Moreover, building and construction sector is also witnessing surge in demand across globe after the COVID-19 crisis. For instance, according to Oxford Economics Report 2021, between 2020 and 2030, the worldwide construction market is predicted to rise by USD 4.5 trillion, reaching USD15.2 trillion. Plastic hot and cold pipes are widely used by residential sector, therefore growth in building and construction sector giving rise to opportunities for growth of the Plastic Hot & Cold Pipe Market.

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The Plastic Hot and Cold Pipe Market includes prominent Tier I and Tier II manufacturers like Georg Fischer, Wienerberger, Uponor, Aliaxis, and Genuit Group. These companies have their manufacturing facilities spread across North AmericaEuropeAsia Pacific and the other regions. Many plastic hot and cod pipe manufacturers have incorporating AI and IoT technologies that provide real-time monitoring, remote operation capability, failure diagnosis and troubleshooting and a host of other features. The Residential, Commercial (Malls & Shopping Complexes, Hospitals, Office Spaces, and Others) and Industrial (Power Generation, Oil and Gas, Chemical & Petrochemical, Automotive, and Others) industries are the amongst the largest consumers of plastic hot & cold pipe. The growth of these industries is expected to also lead to the growth of the Plastic Hot and Cold Pipe Market.

The water plumbing pipes segment is expected to dominate the Plastic Hot & Cold Pipe Market, by application, during the forecast period.

A home’s water supply system routes municipal water from the street to house, where it branches out to deliver the water to faucets, showers, toilets, bathtubs, and appliances such as the water heater, dishwasher, and washing machine. Water pipes, fittings, service valves, and faucets are the main components of this delivery and distribution system. Plastic, copper, or galvanized iron are the most popular materials for these pipes and associated fittings. Metal pipes are likely to corrode over a period of time but plastic hot and cold pipes such as C-PVC, PEX, PE-RT are corrosion resistant and easy to install. These pipes are also cost efficient compared to metal pipes. Therefore, demand for plastic hot and cold pipes in water plumbing segment is increasing.

Browse in-depth TOC on “Plastic Hot & Cold Pipe Market”

152 – Tables
55 – Figures  
216 – Pages

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The residential segment is expected to be the largest and fastest growing market, by end user, during the forecast period. 

The residential segment held the largest market share of the Plastic Hot & Cold Pipe Market in 2021. Plastic hot & cold pipes find a variety of applications in the residential segment, as these pipes are responsible for carry hot water, also used for underfloor heating & cooling houses. Residential segment is the largest and fastest growing segment because increase in population. According to United Nations (UN) the world population is projected to reach 8.5 billion in 2030, and to increase further to 9.7 billion in 2050 and 11.2 billion by 2100. As the population increases in the future, these will certainly create demand for residential housing sector. Eventually creating demand for plastic hot and cold pipe for residential use.

Asia Pacific likely to emerge as the largest Plastic Hot Cold Pipe Market

The Asia Pacific region accounted for the largest share of the pipe market in 2021. The major end users for plastic hot & cold pipe in the Asia Pacific region include residential, commercial and industrial industries. Growth in construction is also high in Emerging Asia, with average annual growth over 5% to 2030. Growth in China and India as well the Association of Southeast Asian Nations (ASEAN) economies will provide plenty of support. A cumulative total of almost USD 135 trillion is expected to be spent on construction globally over the next decade to 2030, with almost half attributed to growth in Asia Pacific. This raises important questions around the race to achieving Net Zero and climate change action.

The Asia Pacific region has emerged as global hub for manufacturing activity, with virtually every industry experiencing growth here. There is a tremendous requirement of power, and the countries in the region have hiked domestic production to meet the demand. According to BP Statistical Review of World Energy 2021, the region had the highest refining capacity of 35.8% in the world in 2020, which is expected to grow further. The region is also a hub for the petrochemical and chemical industries. Hence, a growth of these industries is expected to positively drive the regional Plastic Hot & Cold Pipe Market during the forecast period

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The Plastic Hot and Cold Pipe Market is dominated by major players that have a wide regional presence. Some of the key players in the Plastic Hot & Cold Pipe Market are Georg Fischer (Switzerland), Aliaxis (Belgium), Wienerberger (Austria), Genuit Group Inc. (UK), and Chevron Philips (US), Supreme (India), Wavin Asia (Singapore), Astral Pipes (India).

Browse Adjacent Markets: Energy and Power Market Research Reports & Consulting

Browse Related Reports:

Underfloor Heating Market by Offering (Hardware, Services), Product Type and Component (Hydronic, Electric), Installation Type (New, Retrofit), Application (Residential, Commercial), Region (2022-2027)

Thermoplastic Pipe Market by Product Type (TCP and RTP), Polymer Type (PE, PP, PVDF, PVC, Others), Application (Onshore & Offshore), End-user Industry (Oil & Gas, Water & Wastewater Treatment, Mining & Dredging) and Region – Global Forecast to 2026

PEX (Crossed-Linked Polyethylene) Market by Type (HDPE, LDPE, Others), Technology (PEXa, PEXb, PEXc), Application (Wires & Cables, Plumbing, Automotive, Others), Region (APAC, EuropeNorth AmericaSouth America, MEA) – Global Forecast to 2025

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Automotive Digital Cockpit Domain Controller Power Expected to Double by 2030

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NEW YORK, March 28, 2024 /PRNewswire/ — The lengthening lifecycle of vehicles is driving automotive Original Equipment Manufacturers (OEMs) to plan several years of customer support through regular Over-the-Air (OTA) updates. Achieving this requires a digital Cockpit Domain Controller (CDC) with an architecture that supports long-term updating and maintenance. According to a new report from global technology intelligence firm ABI Research, the computing power of the CDC will increase significantly over the next few years, with graphical computing power and deep-learning processing power (for AI-powered functions) expected to double by 2030 for an average mid-market CDC.

OEMs are beginning to plan for several years of support, both in software patches and bug fixes, and for delivering new added value features to the driving experience. “This support and feature roadmap requires a hardware and software architecture that supports the continuous updating of vehicles over time. OEMs need a system that accommodates quick, targeted updates by shipping vehicles with planned overhead in computing power, software containerization, and robust hypervisors. These can be accommodated by silicon vendors such as NVIDIA or Qualcomm with their suite of high-powered System-on-Chips (SoCs), along with hypervisor and software specialists such as Blackberry QNX. The ecosystem hasn’t fully adjusted to OTA updates in mixed-criticality systems like the digital cockpit domain controller yet, with most OEMs speculating about the level of computing power that is needed for several years of support and few going to their silicon and tier-one partners with roadmaps of planned features,” explains Abu Miah, Smart Mobility and Automotive Analyst at ABI Research.
The computing power of the CDC will increase significantly over time. The Tera Floating-Point Operations per Second (TFLOPS) of an average mid-market CDC is expected to rise from 1 TFLOPS in 2023 to 2.5 TFLOPS by 2030. Miah adds, “One of the primary drivers of this increase is the implementation of a larger number of higher resolution screens in the vehicle to accommodate new high-end gaming and video-on-demand features.”
Building a ‘future-proofed’ CDC is not as simple as throwing compute power at the vehicle. “OEMs, tier ones, and silicon vendors must all work toward an ecosystem of hardware and software agnosticism, modular architecture, and collaborative software development if they are to match customers’ expectations of updates, patches, and bug fixes from the consumer electronics space,” Miah concludes.
These findings are from ABI Research’s Future-Proofing Digital Cockpit Domain Controllers application analysis report. This report is part of the company’s Smart Mobility and Automotive research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
Contact Info: 
GlobalDeborah Petrara Tel: +1.516.624.2558 [email protected] 
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ACL Digital in Collaboration with AWS and Infineon to Participate at Embedded World 2024

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SAN JOSE, Calif., March 28, 2024  /PRNewswire/ — ACL Digital, an ALTEN group company, is a pioneer in design-led digital experience, innovation, enterprise IT modernization, and product engineering services, announced that ACL Digital, in collaboration with AWS and Infineon, is going to showcase its AWS IoT & Cloud capabilities at Embedded World 2024, Hall 4 (Booth #4-552) from April 9 to April 11 in Nuremberg, Germany.

ACL Digital, a top-tier AWS Services partner, propels organizations of all sizes to navigate digital transformation to accelerate time-to-market. The company provides comprehensive support, from adopting to modernizing IT infrastructure on AWS. By leveraging expertise in architecture, security, migration, and operations, ACL Digital unlocks the full potential of AWS, streamlining IoT and cloud journeys and fast-tracking business growth and innovation.
The AWS Advanced Tier partnership enables ACL Digital to leverage AWS expertise, its robust support ecosystem and best practices to deliver customer delight.
ACL Digital offers visitors at Embedded World 2024 a chance to experience the exclusive demo of a Smart Stove Solution, built by leveraging the AWS Cloud and Infineon platform and how it has added value to our customers.
With over 100 AWS-certified experts, ACL Digital empowers clients to achieve breakthrough results in their digital transformation. Also, the leading digital transformation company supports global clients in navigating the complexities of cloud implementation, migration and digital transformation with ease and helping them unlock new growth opportunities.
About AWS
Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development, deployment, and management from 105 Availability Zones within 33 geographic regions, with announced plans for 12 more Availability Zones and four more AWS Regions in Malaysia, New Zealand, Thailand, and the AWS European Sovereign Cloud. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit https://aws.amazon.com .
About Infineon
Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 58,600 employees worldwide and generated revenue of about €16.3 billion in the 2023 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY). To learn more about Infineon, visit https://www.infineon.com/
About ACL Digital
ACL Digital an ALTEN Group Company, is a digital product innovation and engineering leader. We help our clients design and build innovative products (AI, Cloud, and Mobile ready), content and commerce-driven platforms, and connected, converged digital experiences for the modern world through a design-led Digital Transformation framework.
Headquartered in Silicon Valley, ACL Digital is a leader in design-led digital experience, innovation, enterprise modernization, and product engineering services converging to Technology, Media & Telecom. The company has a workforce of 57,000+ spread across more than 30+ countries.

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Gilbarco Veeder-Root champions fuel efficiency, clean fuels and diesel rebate solutions in mining

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JOHANNESBURG, March 28, 2024 /PRNewswire/ — Global leader in technology solutions OEM Gilbarco Veeder-Root (GVR) is dedicated to enhancing operational performance by delivering comprehensive end-to-end wetstock, industrial, mining, and business-to-business solutions, all tailored to meet the specific needs of the customer.

 
 
By encompassing every aspect of mining operations, GVR commercial and industrial Middle East and Africa director Westtar Kapito says, “the company is setting new benchmarks for fuel efficiency, safety and sustainability within the mining industry”.
As part of a holistic approach to mining excellence, Kapito explains that Gilbarco’s integrated fuel and fleet management technology solutions are designed to address the multifaceted challenges of the mining industry.
Some of these facets include wetstock control, equipment maintenance and management, fleet management and automation, compliance monitoring and environmental sustainability, as well as driving productivity and profitability through innovation.
In addition, the introduction of Gilbarco’s clean fuel solution exemplifies the company’s commitment to maintaining equipment integrity and performance.
This technology, GVR says, monitors in real-time the status of up to 16 “clean fuels” key performance matrices, thereby ensuring that dirty fuel is flagged and not transferred into mining equipment which would affect engines and injectors and thus lower productivity.
Gilbarco’s comprehensive site automation solutions empower mining companies with critical data analytic insights, facilitating efficient monitoring and management of fleet and fuel inventory. Gilbarco’s dataFLEX360 platform plays a pivotal role, offering near real-time reporting and analytics to drive informed decision-making and operational agility.
dataFLEX360 is a Web-based, cloud-hosted strategic operational insights platform. The system ensures accurate, reliable and relevant reporting of all fuel, fleet and asset transactions, and provides for proactive corrective measures to reduce complex reporting and gives a consolidated and comprehensive view across all sites and assets.
With reconciliations at its core, dataFLEX360 provides solution accuracy on operational data.
Integral to the company’s solutions is compliance with Global Industry Standards and environmental stewardship, from leak detection to vapour recovery and clean fuel technologies. Gilbarco’s products are designed to ensure compliance and minimise the carbon footprint of mining operations.
Additionally, through the company’s innovative telematics technology and the data generated, it can systematically and seamlessly generate South African Revenue Services- (SARS-) compliant fuel rebate reports for any selected tax period.  
GVR’s technology provides a full audit trail required for eligibility for SARS rebates, and its reporting platform simplifies logbook and data gathering required, enabling successful rebate claims and return on investment.
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