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

Published Date: Nov 2019  |  Report ID: GMI4446  |  Authors: Ankit Gupta, Abhishek Chopra

Report Format: PDF   |   Pages: 240   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Vacuum Insulated Pipe Market size was valued over USD 900 million in 2019 and installation is anticipated to exceed 5,000 Km by 2026.
 

Vacuum Insulated Pipe Market

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Vacuum insulated pipes are utilized to transport cryogenic liquids including hydrogen, oxygen, natural gas and other liquid gases which are maintained at very low temperatures. These are essentially two pipes; an inner pipe which is used to transfer cryogenic liquid and an outer pipe which seals and supports the vacuum insulation creating the vacuum jacket around the inner pipes. The inner-pipe is suspended in the outer pipe by a series of non-conductive supports. The inner carrier pipe is wrapped by a multi-layered insulation which blocks the radiative heat transfer. Furthermore, depending on the system design pressure the external and internal expansion joints are used to compensate for thermal contraction in the inner pipe. The study features a detailed analysis of industry segmented on a regional and country basis across cryogenic, electronic manufacturing & testing, aerospace and food & beverage applications. Moreover, the market estimates & forecasts are in line with data represented by various government authorities including the EU, IEA, GTAI and various associated company investor presentations and press releases.
 

Ongoing investments toward aerospace industry coupled with increasing LNG trade will drive the vacuum insulated pipe market share. Accelerating spending toward development of natural gas infrastructure on account of upsurge in gas-based generation capacity additions has also provide favorable opportunities for business expansion. In addition, increasing demand for packaged and frozen food products along with robust growth in chemical industry primarily across the emerging economies will positively influence the business landscape. The food & beverage sector in the EU accounted for around USD 190 billion in 2018. Furthermore, growing inter-regional trade activities and upsurge in investments toward development of Tier II & III cities will augment the business expansion.
 

Vacuum Insulated Pipe Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 900.0 Million (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 5.00% 2026 Value Projection: 5,000.0 (Km)
Pages: 240 Tables, Charts & Figures: 471
Geographies covered (33): U.S., Canada Mexico, UK, Germany, Italy, France, Spain, Poland, Russia, Norway, Netherlands, China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Philippines, Australia, Turkey, Kuwait, Oman, Saudi Arabia, UAE, Qatar, Egypt, Nigeria, South Africa, Brazil, Argentina, Peru
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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Customized pipes witnessing increased demand on account growing aerospace industry size

U.S. Vacuum Insulated Pipe Market Statistics, By Application, 2019 (USD Million)
U.S. Vacuum Insulated Pipe Market Statistics, By Application, 2019 (USD Million)

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Ongoing investments toward food & beverage, aerospace and semiconductor industry has created a positive business scenario for the customized vacuum insulated pipes. The products are being widely used in aerospace, semiconductor and food & beverage industry, thereby creating significant opportunities to propel the penetration of vacuum insulated pipes. These pipes are being manufactured on the basis of individual customer requirement and are being used to control the flow of cryogenic liquid at the end-user premises. Moreover, various regions, notably North America and Europe are witnessing a significant growth owing to growing manufacturing base and increasing demand for LNG. Furthermore, the growing consumption of oxygen across healthcare industry along with accelerating demand for packaged food items, meat and dairy products will augment the industry growth.
 

Cryogenic industry size will witness a significant growth due to increasing LNG trade

Introduction of government regulations and mandates for environmental protection will subsequently increase the adoption of natural gas, fostering the vacuum insulated pipe industry demand. The shift toward a gas-based economy owing to the inclination of the industry toward gas power plants will further stimulate the product demand. The combination of supportive clean fuel policies and competitive gas prices has also led to the development of new gas-fired plants and withdrawal of coal-fired power plants. In addition, ongoing technological advancements toward the exploration of unconventional oil & gas resources to evade the demand-supply mismatch have further instituted a favorable business scenario for industry players to expand.
 

Asia Pacific region set to dominate the vacuum insulated pipe Industry share

Asia Pacific Vacuum Insulated Pipe Market Share, By Product, 2026 (USD Million)
Asia Pacific Vacuum Insulated Pipe Market Share, By Product, 2026 (USD Million)

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Upsurge in investments toward generation capacity addition along growing LNG trade is anticipated to drive the Asia Pacific vacuum insulated pipe industry size. The region is characterized by the development of urban areas, shifting towards gas-based generation stations and robust growth of manufacturing industry. Dynamic expansion of the industries including chemical, packaged food and semiconductor industry coupled with rapid growth in the infrastructure will positively influence the product adoption. In addition, the rapidly growing aerospace sector primarily across China, Japan, India and South Korea has propelled the growth of space industry which in turn have fueled the product adoption. Over the past few years, various industry players have shifted there manufacturing base and research & development centers toward the developing nations owing to lower labor cost, supportive regulatory policies and lower production cost. Furthermore, complex and changing government policies pertaining to the adoption of sustainable systems is another evolving factor that will bolster the industry growth.
 

Development of robust distribution channel will act as the key point for industry participants

The industry players are aggressively investing toward acquisitions and mergers to expand their presence. Furthermore, robust research & development activities and various technological collaborations have been a key strategy adopted by the players. Furthermore, the manufacturing companies are building strong distribution channels with private leaders to provide the products available for end users. The industry has also undergone a forward integration with respect to after-sales services and distribution including installation, repairs, maintenance and retro-fittings. The key players operating across the industry includes TMK, Chart Industries, Air Liquide, Demaco, Vacuum Barrier, Cryo Anlagenbau, Cryofeb, MAJUS, Thames Cryogenic and SPS Cryogenics.
 

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 country:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Poland
    • Russia
    • Norway
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Malaysia
    • Philippines
    • Australia
  • Middle East & Africa
    • Turkey
    • Kuwait
    • Oman
    • Saudi Arabia
    • UAE
    • Qatar
    • Egypt
    • Nigeria
    • South Africa
  • Latin America
    • Brazil
    • Argentina
    • Peru
       

Frequently Asked Questions (FAQ) :

Vacuum insulated pipes are utilized to transport cryogenic liquids including hydrogen, oxygen, natural gas and other liquid gases which are maintained at very low temperatures.
Cryogenic, Food & Beverage, Aerospace, Electronic Manufacturing & Testing are the major industry applications.
The global industry for vacuum insulated pipes will register over 5% CAGR from 2020 to 2026, as estimated by GMI.

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