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Europe Vacuum Insulated Pipe Market size to exceed $450mn by 2028

  • Published Date: January 25, 2022

Europe Vacuum Insulated Pipe Market size is anticipated to surpass USD 450 Million by 2028, as reported in the latest study by Global Market Insights Inc.
 

Europe vacuum insulated pipe industry will witness a significant growth owing to positive outlook toward the refurbishment of healthcare industry along with the growing LNG trade across the region. The governments of respective countries are inclining toward the use of natural gas over other fossil fuels, which in turn will drive the requirement for vacuum insulated pipes for effective handling of these gases and liquids. Additionally, ongoing investments toward various space programs along with upsurge in infrastructural expenditure for the development of liquefaction plants for natural gas will positively influence the installation of these units and thus proliferate the European market share.
 

Authors: Ankit Gupta, Abhishek Chopra