The global vacuum insulated pipe market was valued at US$ 920.5 million in 2020 and is projected to reach US$ 1,386.3 million by 2028; it is expected to grow at a CAGR of 5.6% during 2021–2028.
The vacuum insulated pipe market is expected to witness considerable growth during the forecast period.The use of vacuum insulated pipe in LNG application is growing due to its advantages such as reduce reliquefication, less liquid losses, and higher LNG flow over greater distances, which is driving the growth of the vacuum insulated pipe market.
In addition, the rising demand for vacuum insulated pipe among the end users due to its superior insulation properties, durability, and maintenance-free operations is further accelerating the growth of the market.
The vacuum insulated pipe market is segmented on the basis of product and application.Based on product, the customized segment is expected to register a higher CAGR growth during the forecast period.
The market growth for this segment is attributed to the increasing demand for customized vacuum insulated pipe in oil & gas, energy, and healthcare sectors due to the industry’s specification systems.Based on the application, the food & beverage segment is expected to hold the dominant market share.
The increasing per capita income of consumers along with development of food packaging sector are the key factors propelling the growth of the food & beverage sector. Moreover, the increasing trade of packaged food and frozen products has provided lucrative business opportunities to the market for the customized segment.
According to the latest report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst affected countries due to COVID-19 outbreak.The COVID-19 crisis is affecting the industries worldwide and the global economy witnessed a worst hit in 2020 and it is likely to continue in 2021 also.
The outbreak has created significant disruptions in primary industries such as food & beverage, medical, energy & power, electronics & semiconductor, petroleum, and chemicals.The factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have impacted manufacturing, supply, and sales of industrial equipment that are required for the manufacturing of vacuum insulated pipe.
A significant decline in the activities in industries is hindering the growth of the global vacuum insulated pipe market.
The overall vacuum insulated pipe market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining an overview and forecast for the vacuum insulated pipe market with respect to all the segments.It also provides the overview and forecast for the global vacuum insulated pipe market based on all the segmentation provided with respect to five major regions—North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the vacuum insulated pipe market. A few major players operating in the global vacuum insulated pipe market are TMK; Air Liquide; Chart Industries Inc.; Senior Flexonics; Acme Cryogenics; Cryeng Group Pty Ltd.; Cryofab; Cryowork, Inc.; Demaco; and Sps Cryogenics B.V.
Our reports have been used by over 10K customers, including:
The global cryogenic equipment market is projected to reach USD 17.4 billion by 2027 from an estimated market size of USD 12.5 billion in 2022, at a CAGR of 6.8% during the forecast period. The factors driving the growth for cryogenic equipment market are high demand for industrial gases from metallurgy, and energy & power industries and growing...
223 pages •
By Asia Market Information & Development Company
• Jan 2022
China’s demand for Industrial Gases has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
The global industrial nitrogen generator market size is projected to reach USD 5.5 billion by 2026 from USD 4.2 billion in 2021, at a CAGR of 5.4% during the forecast period. The growing demand for industrial nitrogen generator from the processed food sector is driving the market. In addition, increasing awareness around reducing food wastage...
Slow leak: Industrial production growth and increased domestic oil drilling activity will likely boost industry revenue Abstract Carbon Dioxide Production Over the five years to 2019, demand from vital markets fizzled because of increased health concerns and shifting consumer preferences....
98 pages •
By Asia Market Information & Development Company
• Jan 2022
This study focuses on China’s Industrial Gases industry forecasts. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major...
Executive Summary The Global Helium Market was valued at USD 4462.19 Million in the year 2020. Helium has a significant growth potential in healthcare, near-space travel in balloons, semiconductors, and other electronic applications. Demand from electronics manufacturers in Asia is projected to drive helium’s future growth....
The global infertility treatment market size is projected to reach USD 2.2 billion by 2026 from USD 1.5 billion in 2021, at a CAGR of 8.1 % during the forecast period. Factors such as decline in the fertility rates worldwide, increase adoption of different infertility procedures, rising number of fertility clinics worldwide, rise in public...
The industrial agitator market is expected to grow from US$ 1,931.76 million in 2021 to US$ 2,638.61 million by 2028; it is estimated to grow at a CAGR of 4.0% during 2021-2028. The industrial agitator market is widely used in food and beverages, paint, and coatings, chemical, mineral, pharmaceutical, cosmetics, paper & pulp, water...
The global oxygen scavenger market size is projected to reach USD 2.9 billion by 2026 from USD 2.2 billion in 2021, at a CAGR of 5.5% during the forecast period. The growing need for oxygen scavenger from the processed food sector is driving the market. In addition, increasing awareness around reducing food wastage due to unhygenic and improper...
Feeling weightless: Increased competition from import markets is expected to tamper industry revenue growth Abstract Oxygen & Hydrogen Gas Manufacturing in Canada The Oxygen and Hydrogen Gas Manufacturing industry in Canada has experienced slow performance over the five years to 2018. Performance is...
Industrial Gases
Steam Reforming
Electric Power
Canada
World
Natural Gas Price
Capacity Utilization
By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.