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Large Bore Vacuum Insulated Pipe Market Trends

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

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Large Bore Vacuum Insulated Pipe Market Trends

Ongoing advancements including smart systems equipped with sensors and IoT integration are becoming increasingly popular, enabling real-time monitoring of insulation performance, detecting leaks, and optimizing operational efficiency. Moreover, the adoption of modular construction techniques will boost the installation of these systems in large-scale projects, reducing costs and timelines. The rising use of composite materials, which offer higher durability and lighter weight compared to traditional materials will further enhance the adaptability of these pipes in emerging applications including offshore energy platforms and advanced aerospace systems.

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.