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Vacuum Insulated Pipe Market Analysis

  • Report ID: GMI4446
  • Published Date: Feb 2023
  • Report Format: PDF

Vacuum Insulated Pipe Market Analysis

Vacuum Insulated Pipe Market Share

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In terms of application, the vacuum insulated pipe market from cryogenic segment surpassed over USD 400 million in 2022. Transmission of cryogenic materials and other related products needs reliable methods to prevent container combustion during shipping or storage. The growing investments in the import and export of natural gas from the gulf region are likely to support the segment growth. For instance, in November 2022, QatarEnergy, [IB1] a state-owned energy corporation, signed a 27-year natural gas supply agreement with China, under which it would supply four million tons of LNG annually from its new North Field East project to China’s petroleum and chemical corporation, Sinopec.

Authors: Ankit Gupta, Abhishek chopra

Frequently Asked Questions (FAQ) :

The vacuum-insulated pipe market size crossed USD 1.2 billion in 2023 and is predicted to register at over 5.1% grains through 2032, owing to the massive investments in the development of gas-based power generation plants globally.

The cryogenic segment garnered over USD 400 million in revenues in 2022, backed by the increasing natural gas imports to and from gulf countries.

The Europe market is set to witness over 5% CAGR through 2032 due to the growing number of government's urban development programs promoting the shift towards sustainable resources.

Vacuum Barrier Corporation, Cryofab, Demaco, Cryoworld, CRYOSPAIN, Cryo Anlagenbau GmbH, BRUGG GROUP, Cryogas Equipment Pvt. Ltd., Schwanner GmbH, and the Maxcon Industries Pty. Ltd. are some of the major enterprises operating in the industry.

Vacuum Insulated Pipe Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 700
  • Countries covered: 32
  • Pages: 663
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