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Europe Vacuum Insulated Pipe Market Trends

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

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Europe Vacuum Insulated Pipe Market Trends

The European vacuum insulated pipe (VIP) sector has grown significantly due to efforts to update networks and reduce losses. For example, the European Commission reported a 15% reduction in energy losses from 2020 to 2023 due to these upgrades. Additionally, many people are moving to suburban areas, and investments in expanding refineries and chemical plants have increased the demand for VIP systems. The increasing adoption of district heating systems is also driving the sector's growth. Europe's focus on adding renewable energy sources to its energy mix aims to improve energy transfer and keep temperatures stable, which will further boost the sector.

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.