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Large Bore Vacuum Insulated Pipe Market Share

Report ID: GMI5340
Published Date: Sep 2022
Report Format: PDF

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Large Bore Vacuum Insulated Pipe Market Share

Some of the top companies in the large bore vacuum insulated pipe business scenario include

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

Some of these companies are signing high-value product procurement contracts to extend their business operations and reinforce their position. For instance, in March 2022, PERMA-PIPE was granted a USD 15.5 million contract in Saudi Arabia and Egypt. Under this contract, the company delivered a PermAlert leak detection system, XTRU-THERM insulation system as well as insulated pipelines.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of large bore vacuum insulated pipe was valued at over USD 62.2 million in 2023 and is anticipated to depict 7% CAGR through 2032, owing to the growing use of LNG in developing nations.

The above-ground installation segment is expected to register a growth rate of over 8% through 2030, due to rapid advancements in containment technology.

The Europe large bore vacuum insulated pipe industry to attain over 6% gains during 2022-2030, due to strict energy security policies in the region.

CRYOSPAIN, Ability Engineering Technology, Inc, INTECH GmbH, Cryogas Equipment Pvt. Ltd., Demaco, Schwanner GmbH, PERMA-PIPE International Holdings, Inc. are some of the key contenders holding a substantial fragment of the industry share.