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Vacuum Insulated Pipe Market Size
- Report ID: GMI4446
- Published Date: Dec 2024
- Report Format: PDF
Vacuum Insulated Pipe Market Size
The global vacuum insulated pipe market was valued at USD 1.2 billion in 2024 and is estimated to grow at a CAGR of 5.1% from 2025 to 2034. Increasing private sector involvement in infrastructure development along with the rapid industrialization has accelerated the adoption of vacuum insulated pipes for the transportation and distribution of liquefied gases. Additionally, government initiatives aimed at reducing greenhouse gas emissions, along with the growing demand for alternative energy sources, have further fueled the expansion of the industry.
Vacuum insulated pipes are highly specialized pipes designed to transport cryogenic liquids such as liquefied natural gas, liquid oxygen, nitrogen, or hydrogen at extremely low temperatures. These pipes feature a double-walled construction with a vacuum layer between the inner and outer walls, significantly minimizing heat transfer and preventing thermal losses. The rising pace of industrialization has driven demand for industrial gases like oxygen, nitrogen, and argon, fueling the growth of the vacuum insulated pipe (VIP) market.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Vacuum Insulated Pipe Market Size in 2024: | USD 1.2 Billion |
| Forecast Period: | 2025 – 2034 |
| Forecast Period 2025 – 2034 CAGR: | 5.1% |
| 2025 – 2034 Value Projection: | USD 2 Billion |
| Historical Data for: | 2021 – 2024 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 15 |
| Segments covered: | Product, Application and Region |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
Vacuum Insulated Pipe Market Scope
