The vacuum insulated pipe market was valued at US$ 920.5 million in 2020 and is projected to reach US$ 1,386.3 million by 2028; it is expected to grow at a CAGR of 5.6% during 2021–2028.
The vacuum insulated pipe market is expected to witness considerable growth during the forecast period. The use of vacuum insulated pipe in LNG application is growing due to its advantages such as reduce reliquefaction, less liquid losses, and higher LNG flow over greater distances, which is driving the growth of the vacuum insulated pipe market. In addition, the rising demand for vacuum insulated pipe among the end users due to its superior insulation properties, durability, and maintenance-free operations is further accelerating the growth of the market.
The vacuum insulated pipe market is segmented on the basis of product and application. Based on product, the customized segment is expected to register a higher CAGR growth during the forecast period. The market growth for this segment is attributed to the increasing demand for customized vacuum insulated pipe in oil & gas, energy, and healthcare sectors due to the industry’s specification systems. Based on the application, the food & beverage segment is expected to hold the dominant market share. The increasing per capita income of consumers along with development of food packaging sector are the key factors propelling the growth of the food & beverage sector. Moreover, the increasing trade of packaged food and frozen products has provided lucrative business opportunities to the market for the customized segment.
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The List of Companies: TMK, Air Liquide, Chart Industries Inc., Senior Flexonics, Acme Cryogenics, Cryeng Group Pty Ltd., Cryofab, Cryowork, Demaco, Sps Cryogenics B.V.
The latest research report on the “Vacuum Insulated Pipe Market – Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2028” provides a comprehensive assessment of the Vacuum Insulated Pipe market for the forecast period from 2020 to 2028, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Vacuum Insulated Pipe market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Vacuum Insulated Pipe Market in order to help decision makers with various strategic insights and future outlook. The Vacuum Insulated Pipe market is expected to witness continued growth during the forecast period from 2020 to 2028.
The Vacuum Insulated Pipe market has been segmented as follows:
Vacuum Insulated Pipe Market – by Product
Vacuum Insulated Pipe Market – by Application
- Food & Beverage
- Electronic Manufacturing & Testing
This is a professional and in-depth study on the current state of the Vacuum Insulated Pipe Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Vacuum Insulated Pipe Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The report focuses on global major leading Vacuum Insulated Pipe Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
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