Europe Vacuum Insulated Pipe Market Analysis

Europe Vacuum Insulated Pipe Market Analysis

The standard pipe segment will reach a valuation of USD 350 million by 2032. These pipes are considered as conventional VIPs and dominate the majority of industry share owing to widely accepted in application comprising of healthcare, cryogenic, food & beverage, aerospace, and others. The growing adoption of these pipes which are used in transferring large volumes of cryogenic liquids including LNG, nitrogen, and hydrogen has created favorable business scenario. Moreover, low cost and ease of transportation are the key factors which has led the growing demand for vacuum insulated pipe systems in emerging economies in the Europe.
 

Customized vacuum insulated pipe market will gain an appreciable momentum on account of their increasing demand in petrochemical, oil & gas, and other industrial processes. These pipes are specially constructed by specialized manufacturing firms that have the expertise to design and build pipes according to the specific client requirements. The industry has experienced a surge in demand for customized products due to increased investments in aerospace, food & beverage, and electronic manufacturing sectors. Additionally, growing demand for oxygen across the healthcare sector in line with rising need for dairy and packaged food will contribute to the industry development.
 

The cryogenic application of VIP was valued at USD 120 million in 2022 and is observe 4% growth rate during 2023 - 2032. The cryogenic industry has witnessed significant transformations in recent years on account of increasing investments in gas-fired power plants coupled with the rapid expansion of healthcare infrastructure. The European vacuum insulated pipe market primarily involves the transportation of oil & gas liquids including LNG and plays a vital role in meeting the growing demand for petroleum products.
 

In addition, ongoing technological advancements aimed at sustainable and secure pipeline network have further contributed to a favorable business environment. However, the rise in the import and export of cryogenic liquids consisting of LNG, helium, nitrogen, and hydrogen will propel the industry size by 2032.
 

The healthcare industry is expected to experience substantial investments owing to the construction of new hospitals, nursing homes, and clinics along with significant refurbishments of existing infrastructure to accommodate more patients. Growing demand for efficient VIP throughout the healthcare sector in conjunction with rising need for storage and transportation of liquid gases will foster the Europe vacuum insulated pipe market demand.
 

Key private players and public sector are continuously investing to upgrade existing hospitals and enhance their range of services. In addition, the growing government emphasis on enhancing basic healthcare services will lead to the establishment of new healthcare facilities in rural areas. For instance, initiatives including EU4 Health provide financing for the development of childcare, critical healthcare, and education services in EU nations will influence the business landscape.
 

UK vacuum insulated pipe market is estimated to amass USD 70 million revenues by 2032. The country will observe potential growth owing to the infrastructure development and expansion of LNG terminals, storage facilities, and distribution networks. The government of the country is promoting sustainable building practices and district heating systems which has led the favorable business scenario. Additionally, ongoing research and development efforts toward enhancing VIP technologies including advancements in insulation materials, construction techniques, and monitoring systems will propel the adoption of these product in key applications in the country. The country aligning with their energy transition goals, infrastructure development plans, and sustainability initiatives are the prominent factors which in turn will sway the industry outlook.
 

The implementation of government regulations and mandates aimed at environmental protection is expected to drive the adoption of natural gas, thereby increasing the demand for vacuum-insulated pipes across Norway. The industry is inclination toward natural gas power plants as part of the transition towards a gas-based economy will further stimulate the product adoption. Respective regulatory authorities have announced plans to phase out coal-fired power plants and increase the share of low carbon emitting energy sources in their energy mix over the next decade will influence the business landscape.