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Europe Vacuum Insulated Pipe Market Size
- Report ID: GMI4393
- Published Date: Jul 2024
- Report Format: PDF
Europe Vacuum Insulated Pipe Market Size
Europe Vacuum Insulated Pipe Market was valued at USD 307.6 million in 2023 and is projected to witness more than 5.4% CAGR between 2024 and 2032. Vacuum insulated pipes (VIPs) are designed to reduce heat transfer, keeping temperatures stable over long distances. The growing demand for renewable energy sources and government efforts to cut greenhouse gas emissions have driven the industry's growth. This increase has led to the widespread use of VIPs for transporting liquefied gases efficiently.
Europe's vacuum insulated pipe market has grown significantly, mainly due to more private sector investments in infrastructure. The region's focus on sustainable technologies, especially in cryogenic handling, has created new opportunities and helped businesses expand. For example, according to the European Commission, private investments in sustainable infrastructure increased by 15% in 2023. Additionally, several key European countries are including VIPs in their energy plans. With strict emission regulations and a growing liquefied natural gas (LNG) market, the sector is expected to see strong revenue growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Vacuum Insulated Pipe Market Size in 2023: | USD 307.6 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.4% |
| 2032 Value Projection: | USD 489.2 Million |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 80 |
| Tables, Charts & Figures: | 15 |
| Segments covered: | Product, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Vacuum Insulated Pipe Market Scope
