Vacuum Insulated Pipe Market | Contrive Datum Insights

The global Vacuum Insulated Pipe market is expected to grow from USD 1.02 Billion in 2022 to USD 2.06 Billion by 2030, at a CAGR of 7.5% from 2023 to 2030.

Vacuum Insulated Pipe Market Overview:

A vacuum insulation pipe is an insulating material that uses a vacuum to reduce the amount of heat transfer between two objects. This is achieved by forming an insulating layer of gas molecules around the objects, which prevents direct contact between them. Vacuum-insulated tubing is used in a variety of applications including plumbing and HVAC systems. They are important because they help keep the temperature stable and prevent energy loss.

Vacuum insulated tubes provide an efficient method of transporting high-quality cryogenic liquids such as hydrogen, oxygen, and natural gas in different fields. They are extremely safe, reliable and cost-effective. Vacuum insulated tubing also helps reduce liquid refrigerant loss from thermal leaks and increases process safety by eliminating frosting and dripping conditions. Vacuum insulated piping offers a longer life cycle than traditional foam insulated copper piping.

Increasing industrialization and increasing spending in various countries and regions in aerospace, food industry, semiconductor industry, natural gas infrastructure, etc. are expected to drive the global vacuum insulation tube market during the forecast period.

Vacuum Insulated Pipe market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Vacuum Insulated Pipe market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Segments Covered in the Global Vacuum Insulated Pipe Market:

Market Key Players:
Chart Industries, Cryofab, Cryocomp, Acme Cryogenics, Maxcon Industries, PHPK Technologies, Cryeng, Demaco, Cryogas, TMK, Cryoworld, va-Q-tec AG, And Others.

Vacuum Insulated Pipe Market by Types:

• Standard Type
• Custom-built Type

Vacuum Insulated Pipe Market by Applications:

• Cryogenic
• Food & Beverage
• Aerospace
• Electronic Manufacturing & Testing
• Others

Vacuum Insulated Pipe Market by Regions:

The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030.

North America is expected to be the largest region in terms of revenue during the forecast period. This is due to a number of factors such as increasing industrialization and infrastructure investment, and growing demand from oil and gas companies. Europe is expected to be the second largest region in terms of revenue, followed by Asia Pacific. The Middle East & Africa is expected to be the smallest region in terms of revenue during the forecast period. This is due to many factors, such as low economic growth rates and limited infrastructure development.

Significant Market Dynamics:

Drivers And Opportunities:

Growing industrialization has created market demand for vacuum insulated tubes. Huge demand for vacuum insulated tubes in various industries such as food & beverage, aerospace, food freezing, bio storage, and research is expected to drive the demand for vacuum insulated tubes over the forecast period.

In aerospace, vacuum insulated tubes are used on launch pads to provide extremely high flows of liquid hydrogen and oxygen that fuel many space programs. In the food and beverage industry, vacuum insulated tubing facilitates a reliable supply of liquid nitrogen, allowing equipment to operate at peak efficiency for maximum productivity. Moreover, an increasing number of ongoing and upcoming industrial projects are creating a market demand for vacuum insulated pipes. All these factors are expected to drive the market growth for vacuum insulated tubes. In addition, vacuum insulated pipes help to simplify the installation process and absorb small vibrations and thermal movements in the system, thereby attracting industries to use these pipes.

The initial procurement cost of vacuum insulated tubes is high and cost is an important factor for start-up operations and is one of the restraining factors in the vacuum insulated tubes market. However, manufacturers are investing in R&D and production of vacuum insulated pipes that are durable and have UV degradation resistant partitions according to customer demand, which is expected to create a healthy market for vacuum insulated pipes during the forecast period.

Report Scope of Global Vacuum Insulated Pipe Market:

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Any special requirements about this report, please let us know and we can provide custom report.

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.