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Europe Vacuum Insulated Pipe Market Analysis

  • Report ID: GMI4393
  • Published Date: Jul 2024
  • Report Format: PDF

Europe Vacuum Insulated Pipe Market Analysis

The standard pipe market is anticipated to cross over USD 350 million by 2032. These conventional VIPs dominate market share due to their widespread use in healthcare, cryogenics, food & beverage, aerospace, and more. The growing adoption of these pipes, which transfer large volumes of cryogenic liquids like LNG, nitrogen, and hydrogen, has created a favourable business scenario. Low cost and ease of transportation drive demand for VIP systems across emerging European economies. Customized VIPs are gaining momentum due to increased demand in petrochemical, oil & gas, and other industrial processes. Investments in aerospace, food & beverage, and electronics manufacturing also boost the market, as these pipes meet industry-specific needs.
 

Europe Vacuum Insulated Pipe Market Share, By Application, 2023

The cryogenic application of VIP is anticipated to grow at over 5% from 2024 to 2032. This growth is driven by increased investments in gas-fired power plants and healthcare infrastructure expansion. The cryogenic industry, vital for transporting LNG and other oil & gas liquids, is benefiting from technological advancements in sustainable pipeline networks. Rising imports and exports of LNG, helium, nitrogen, and hydrogen will further boost the market. In healthcare, substantial investments in new hospitals, nursing homes, and clinics, along with upgrades to existing infrastructure, are increasing demand for efficient VIPs. Initiatives like EU4 Health, aimed at enhancing healthcare services across EU nations, will also drive market growth.
 

France Vacuum Insulated Pipe Market Size, 2022 - 2032, (USD Million)

The France vacuum insulated pipe market is set to surpass USD 75 million by 2032, driven by several key factors. The increasing demand for energy-efficient and sustainable insulation solutions in industries like oil and gas, chemicals, and food and beverage is a major driver. For instance, according to the French Ministry of Ecological Transition, energy efficiency improvements in the industrial sector have reduced energy consumption by 1.5% annually over the past decade.
 

Additionally, advancements in cryogenic technologies and the growing need for safe transportation of cryogenic liquids contribute to market growth. Government regulations promoting energy conservation and the rising adoption of environmentally friendly practices further boost the demand for vacuum insulated pipes in France.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The European market for vacuum insulated pipe was worth USD 307.6 million in 2023 and will record 5.4% CAGR from 2024 to 2032, driven by growing demand for renewable energy sources and government efforts to cut greenhouse gas emissions.

Europe standard vacuum insulated pipe market is estimated to surpass USD 350 million by 2032, on account of higher application in the healthcare, cryogenic, food & beverage and aerospace sectors.

France vacuum insulated pipe market will cross USD 75 million by 2032, due to increasing demand for energy-efficient and sustainable insulation solutions in industries like oil & gas, chemicals, and food & beverages.

Some of the well-known Europe standard vacuum insulated pipe market players include Taylor-Wharton, CRYOTHERM, CRIOTEC Impianti srl, KrioSystem, CoreDux, TMK, BUTTING CryoTech GmbH, INTECH GmbH, Air Liquide, and Cryo Anlagenbau GmbH.

Europe Vacuum Insulated Pipe Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 15
  • Countries covered: 9
  • Pages: 80
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