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Vacuum Insulated Pipe Market Size

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

Vacuum Insulated Pipe Market Size

Vacuum Insulated Pipe Market size valued at USD 1.2 billion in 2023 and is projected to expand at more than 5.1% CAGR from 2024 to 2032, driven by the increasing investments in the development of gas-based power generation plants.

 

Vacuum Insulated Pipe Market

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Governments across the world are encouraging private sector involvement and are working to increase the capacity and security of the supply of liquefied natural gas. Moreover, new LNG projects are fueled by a short-term surge in natural gas demand in Europe and Asia resulting from the Russia-Ukraine war and the sanctions and limitations imposed on Russian gas exports. As the global energy crisis worsens, investments in LNG infrastructure are set to grow. Thus, raising the demand for vacuum-insulated pipes, a preferred choice for the reliable, safe, and cost-effective transmission of cryogenic liquids.

 

 

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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