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Europe Vacuum Insulated Pipe Market Size
- Report ID: GMI4393
- Published Date: Jun 2023
- Report Format: PDF
Europe Vacuum Insulated Pipe Market Size
Europe Vacuum Insulated Pipe Market was valued at USD 307.6 million in 2023 and is projected to grow at 5.4% CAGR from 2024 to 2032. Growing demand for unconventional energy sources along with increasing government initiatives to reduce greenhouse gas emissions has spurred the expansion of the industry. This rapid industrialization has resulted in the widespread product usage for the efficient transportation and distribution of liquefied gases. The global market for vacuum insulated pipe will cross USD 1.8 billion during the forecast period.
The industry has experienced significant boost on account of increasing private sector investment in infrastructure development. The development of sustainable and innovative technologies has created opportunities in the field of cryogenic handling and provided business expansion across the region. Furthermore, key countries in the region are actively endorsing the use of vacuum insulated pipes as part of their national strategic energy plans. The implementation of strict greenhouse gas regulations along with the growing liquefied natural gas (LNG) trade will further energize market revenue in the coming years.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Vacuum Insulated Pipe Market Size in 2023: | USD 307.6 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.4% |
| 2032 Value Projection: | USD 489.2 Million |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 225 |
| Tables, Charts & Figures: | 261 |
| Segments covered: | Product, Application, and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Europe Vacuum Insulated Pipe Market Scope
