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Large Bore Vacuum Insulated Pipe Market Share

Report ID: GMI5340
Published Date: Dec 2024
Report Format: PDF

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Large Bore Vacuum Insulated Pipe Market Share

Large Bore Vacuum Insulated Pipe Company Market Share Analysis, 2024

The large bore vacuum insulated pipe industry is increasingly competitive, with established manufacturers and emerging players striving for market share in a dynamic environment. Leading companies are focusing on technological innovations to improve thermal efficiency and durability, addressing the growing demand for advanced cryogenic transport solutions. Market expansion is propelled by the rising adoption of energy-efficient systems in industries like LNG, hydrogen, and industrial gases, alongside increasing investments in decarbonization projects.

Large Bore Vacuum Insulated Pipe Market Companies

Major players operating in the large bore vacuum insulated pipe industry are:

Ability Engineering Technology, Inc.
Cryogas Equipment Pvt. Ltd.
CRYOSPAIN
Cryoworld
Demaco
INTECH GmbH
Maxcon Industries Pty. Ltd
PERMA-PIPE International Holdings, Inc.
Schwanner GmbH
TMK

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The global market for large bore vacuum insulated pipe was reached USD 79.7 million in 2024 and is projected to grow at a 7% CAGR from 2025 to 2034, driven by the rising focus on energy-efficient transportation and storage of cryogenic liquids.

The above-ground installation segment is expected to exceed USD 120 million by 2034, supported by the increasing number of integrated gasification combined cycle (IGCC) projects that enhance efficiency and environmental benefits.

The cryogenic application segment is anticipated to grow at over 7% through 2034, fueled by advancements in oil and gas exploration and the growing global trade of cryogenic liquids like LNG, helium, and hydrogen.

The U.S. market is set to surpass USD 20 million by 2034, led by the demand for energy-efficient cryogenic systems and innovations in LNG infrastructure projects with high thermal efficiency.

Key players include Ability Engineering Technology, Inc., Cryogas Equipment Pvt. Ltd., CRYOSPAIN, Cryoworld, Demaco, INTECH GmbH, Maxcon Industries Pty. Ltd, PERMA-PIPE International Holdings, Inc., Schwanner GmbH, and TMK.