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Vacuum Insulated Pipe Market Size
- Report ID: GMI4446
- Published Date: Feb 2023
- Report Format: PDF
Vacuum Insulated Pipe Market Size
Vacuum Insulated Pipe Market size valued at USD 1.2 billion in 2023 and is projected to expand at more than 5.1% CAGR from 2024 to 2032, driven by the increasing investments in the development of gas-based power generation plants.
Governments across the world are encouraging private sector involvement and are working to increase the capacity and security of the supply of liquefied natural gas. Moreover, new LNG projects are fueled by a short-term surge in natural gas demand in Europe and Asia resulting from the Russia-Ukraine war and the sanctions and limitations imposed on Russian gas exports. As the global energy crisis worsens, investments in LNG infrastructure are set to grow. Thus, raising the demand for vacuum-insulated pipes, a preferred choice for the reliable, safe, and cost-effective transmission of cryogenic liquids.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Vacuum Insulated Pipe Market Size in 2023: | USD 1.2 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.1% |
| 2032 Value Projection: | USD 1.8 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 663 |
| Tables, Charts & Figures: | 700 |
| Segments covered: | Product, Application |
| Growth Drivers: | |
| Pitfalls & Challenges: |
Frequently Asked Questions (FAQ) :
Vacuum Insulated Pipe Market Scope
