Europe Vacuum Insulated Pipe Market Size By Product (Standard, Customized), By Application (Cryogenic, Food & Beverage, Aerospace, Electronic Manufacturing & Testing), Industry Analysis Report, Country Analysis, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020–2026

Published Date: Oct 2019  |  Report ID: GMI4393  |  Authors: Ankit Gupta, Abhishek Chopra

Report Format: PDF   |   Pages: 145   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Europe Vacuum Insulated Pipe Market size was valued at over USD 250 million in 2019 and is anticipated to surpass 1,400 Km by 2026.
 

Europe Vacuum Insulated Pipe Market

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Vacuum insulated pipes are used to transfer cryogenic liquids kept at very low temperatures in liquid states. These are primarily two pipes and include an inner carrier pipe through which cryogenic liquid is transported and an outer pipe that is used to support and seal the vacuum insulation by forming a vacuum jacket over the inner pipe. The inner pipe is suspended in the outer jacket through a series of non-conductive support. In addition, depending on the system design pressure the external & internal expansion joints are utilized to compensate for thermal reduction of the inner line. The study incorporates a detailed analysis of the vacuum insulated pipe installation scenarios bifurcated on a regional and country basis across cryogenic, food & beverage, aerospace and electronic manufacturing & testing applications. Furthermore, the estimates and forecasts are associated with data signified by regulatory authorities including the CSE, IEA, EU, GTAI and associated company press releases & investor presentations.
 

The growing LNG trade along with ongoing investments toward space programs will foster the Europe vacuum insulated pipe market growth. The upsurge in infrastructural spending for the development of liquefaction plants and positive outlook toward chemical industry will further complement the business outlook. In addition, the food & beverage industry accounts for the major share in the EU manufacturing sector in terms of value addition. Moreover, the food & beverage production across the Europe accounted for USD 197.94 billion in 2018. The increasing trade of packaged food and frozen products has also provided favorable business opportunities. Furthermore, extensive investments toward the development of Tier II & III cities along with the increasing interregional trade activities are the vital factors which will positively influence the industry growth.
 

Europe Vacuum Insulated Pipe Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 250 Million (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 5% 2026 Value Projection: 1400 (Km)
Pages: 145 Tables, Charts & Figures: 177
Geographies covered (9): UK, Germany, Italy, France, Spain, Poland, Russia, Norway, Netherlands
Segments covered: Product, Application
Companies covered (14): Chart Industries, TMK, Air Liquide, Cryofab, Demaco, Cryoworld, Vacuum Barrier, Thames Cryogenic, SPS Cryogenics, PraxEidos, MAJUS, Cryo Anlagenbau
Growth Drivers:
  • Growing demand for natural gas
  • Positive outlook towards healthcare, chemical and food processing industries
Pitfalls & Challenges:
  • Safety concerns related to cryogenic liquid

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Standrd pipe driving the vacuum insulated pipe industry revenue

Standard pipes also considered as conventional insulated pipes and hold the majority market share. These are firm steel pipes fused with a vacuum between inner and outer pipes. These products are available in various ranges starting from 0.5 inch to more than 5 inches. Furthermore, the diversified use in transferring large volume of cryogenic liquid including LNG, nitrogen, and hydrogen has also provided favorable business opportunities. The demand for these pipes owing to their comparatively low cost and ease of transportation is gaining significant momentum in several economies.
 

 Aerospace sector to experience robust growth due to burgeoning space research industry

Germany Vacuum Insulated Pipe Market, By Aerospace, 2019 & 2026 (USD Million)
Germany Vacuum Insulated Pipe Market, By Aerospace, 2019 & 2026 (USD Million)

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Increasing capital spending across the aerospace sector coupled with rapid advancements in space technologies will positively influence the business landscape. For instance, the expenditure toward Research, Development and Innovation (RDI) in the aeronautics industry accounted for 10% of the industry turnover in 2018, one-third of which is financed by the public sector. Furthermore, the EU has also developed The Strategic Research and Innovation Agenda (SRIA) roadmap to provide guidelines for the development of the aerospace industry in the future. The European space industry has significantly increased in the past few years and accounted for USD 5.6 billion in 2017.
 

The EU has developed various European Space Programmes for addressing missions across various industries including science, security, communication, defense, meteorology, human space flights, and exploration. These institutional missions are of paramount importance for the space industry as they address technological and programmatic areas for industries and have been paving ways for future operational and commercial applications.
 

Flourishing LNG trade has fueled the France vacuum insulated pipe industry

France Vacuum Insulated Pipe Market, By Product, 2019 (USD Million)
France Vacuum Insulated Pipe Market, By Product, 2019 (USD Million)

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The urban development initiatives adopted by the government have led to the construction and expansion of vacuum-insulated pipes in France. The industry has witnessed a paradigm shift from conventional sources toward the adoption of sustainable and efficient sources for power generation. The initiatives adopted by government agencies have led to the development of chemicals and food & beverage industries across the nation. Increasing investments for the development of the aerospace industry including aircraft, space programs, and military along with the ongoing adoption of gas-based power plants will institute a positive business scenario for industry players. Furthermore, the rising awareness toward the benefits of technology and increasing spending toward the development of the transportation infrastructure across the nations will complement the industry growth.
 

Integration of companies in the value chain emerges as the focal point of expansion

Industry players are investing aggressively toward mergers and acquisition for expanding their market presence. In addition, extensive research & development and technological collaborations have been key strategic implications for the manufacturers. For instance, In July 2019, Chart Industries entered into a definitive asset purchase agreement with the Industrial Air-X-Changers business of Harsco Corporation. The acquisition strengthened the strategic focus of the company on core cryogenic engineering and products for energy spaces and industrial gases.
 

The leading players operating across the industry includes Chart Industries, TMK, Air Liquide, Cryofab, Demaco, Cryoworld, Vacuum Barrier, Thames Cryogenic, SPS Cryogenics, PraxEidos, MAJUS and Cryo Anlagenbau.
 

Europe Vacuum Insulated Pipe market research report includes in-depth coverage of the industry with estimates & forecast in terms of “Km” and ‘USD” from 2015 to 2026, for the following segments:
 

By Product

  • Standard
  • Customized

By Application

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

The above information has been provided for the following regions and countries:

  • Europe
    • UK
    • Germany
    • Italy
    • France
    • Spain
    • Poland
    • Russia
    • Norway
    • Netherlands

Frequently Asked Questions (FAQ) :

Vacuum insulated pipes are used to transfer cryogenic liquids kept at very low temperatures in liquid states.
European vacuum insulated pipe market's annual installation is set to surpass 1,400 Km by 2026, according to a new report published by Global Market Insights, Inc.
Rising LNG trade on account of increasing demand for natural gas for power generation and ongoing investments toward aerospace are the key driving factors for vacuum insulated pipe industry in Europe.

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