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Vacuum Insulated Pipe Market Analysis

  • Report ID: GMI4446
  • Published Date: Dec 2024
  • Report Format: PDF

Vacuum Insulated Pipe Market Analysis

The standard vacuum insulated pipe industry will exceed USD 1 billion by 2034. The expansion of the LNG sector, advancements in the hydrogen economy, and rising demand across medical and aerospace applications. Innovations in insulation and materials are expected to improve pipe performance, while adherence to regulatory standards and safety protocols will be pivotal to market progress. Regional market trends, along with strategic alliances and industry consolidations, will significantly influence the trajectory of the industry.
 

Vacuum Insulated Pipe Market Revenue Share, By Application, 2024

The cryogenic vacuum insulated pipe market size will witness a growth rate of over 4.5% through 2034. The expansion of LNG-powered trucks and railways is creating new opportunities for VIPs in fueling infrastructure and transport depots. VIPs enable cryogenic conditions during the unloading of mobile LNG tankers at fueling stations and facilitate connections between LNG tanks in rail-based transport systems. Developed economies are increasingly promoting LNG-fueled heavy vehicles to reduce emissions, further boosting demand for VIPs in fueling networks.
 

U.S. Vacuum Insulated Pipe Market Size, 2022- 2034 (USD Million)

U.S. vacuum insulated pipe market is set to reach over USD 300 million by 2034. Ongoing expansion in in industries including aerospace, medical, and food processing are bolstering demand for these systems to ensure efficient and safe handling of cryogenic fluids. Strong focus toward reduction in greenhouse gas emissions, along with government initiatives to support clean energy projects, is fostering the deployment of these pipes in hydrogen fueling stations and LNG export terminals. Additionally, advancements in cryogenic technologies and growing private sector involvement in industrial gas production will further propel the market expansion.
 

The Europe vacuum insulated pipe market will expand owing to the ongoing energy transition goals and increasing demand for liquefied gases. These pipes are crucial for reducing heat transfer losses in cryogenic applications, supporting industries including energy, healthcare, and chemicals. Initiatives toward carbon neutrality and hydrogen infrastructure, will also shape the market outlook. Investments in liquid hydrogen facilities at ports and energy terminals will further stimulate market growth.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The global market for vacuum insulated pipe was reached USD 1.2 billion in 2024 and is estimated to grow at a 5.1% CAGR from 2025 to 2034, driven by increased private sector involvement in infrastructure development and rapid industrialization.

The cryogenic vacuum insulated pipe market is expected to grow at a rate exceeding 4.5% through 2034, fueled by the expansion of LNG-powered trucks and railways.

The U.S. vacuum insulated pipe market is projected to exceed USD 300 million by 2034, propelled by ongoing expansion in industries such as aerospace, medical, and food processing, along with a strong focus on reducing greenhouse gas emissions.

Key players in the vacuum insulated pipe industry include Ability Engineering Technology, Air Liquide Healthcare, Brugg Pipes, Butting CryoTech, Chart Industries, Cryo Anlagenbau, Cryofab, Cryogas Equipment, Cryospain, Cryoworld, Demaco, Maxcon Industries, Perma-Pipe International Holdings, Shell-n-Tube, SPS Cryogenics, Thames Cryogenics, Vacree Technologies, and Vacuum Barrier Corporation.

Vacuum Insulated Pipe Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 18
  • Tables & Figures: 15
  • Countries covered: 33
  • Pages: 100
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