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Large Bore Vacuum Insulated Pipe Market Size

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

Large Bore Vacuum Insulated Pipe Market Size

The global large bore vacuum insulated pipe market was valued at USD 79.7 million in 2024 and is estimated to grow at a CAGR of 7% from 2025 to 2034. The integration of advanced materials to enhance thermal efficiency and reduce heat ingress, alongside the adoption of environmentally friendly manufacturing processes will shape the market outlook. The rising focus on energy-efficient transportation and storage of cryogenic liquids will boost the adoption, particularly in LNG infrastructure projects. Additionally, the market is benefiting from increased investments in space exploration and biotechnology, which require robust vacuum insulation technologies to maintain precise thermal conditions.

 

A large bore vacuum insulated pipe is a specialized pipe designed for the efficient transportation of cryogenic liquids such as liquid natural gas (LNG), liquid hydrogen, or liquid oxygen. The "large bore" refers to pipes with a larger internal diameter, typically used for industrial-scale applications requiring high-volume flow rates. Furthermore, the push toward decarbonization and the adoption of hydrogen-based energy systems also present new opportunities for VIP manufacturers, especially for large bore pipes suited for industrial-scale projects.
 

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.

Large Bore Vacuum Insulated Pipe Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 10
  • Tables & Figures: 20
  • Countries covered: 26
  • Pages: 100
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