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Source: Global Market Insights, Inc

Vacuum Insulated Pipe Market to reach $1 billion by 2026: Global Market Insights, Inc.

Vacuum Insulated Pipe Market is projected to register over 5% CAGR up to 2026, propelled by growing LNG trade owing to increasing consumption of natural gas across power, chemical and manufacturing sectors.

Selbyville, Delaware, Dec. 02, 2019 (GLOBE NEWSWIRE) --

Global Vacuum Insulated Pipe Market is expected to surpass USD 1 billion by 2026, as reported in the latest study by Global Market Insights, Inc. Growing demand for cryogenic liquid including LNG, nitrogen, oxygen and helium coupled with increasing investments toward healthcare and chemical industry will propel the installation of these pipes.

Growing consumption of natural gas owing to the development of manufacturing sector including chemical, refining and food & beverage industry will propel the industry growth. Paradigm shift toward gas-based generating power plants along with increasing use of natural gas across heating and transportation sector will positively influence the product demand. In addition, the industry players are also focusing toward installation of pipes across petrochemical, frozen food, electronic manufacturing industry on account of their lower heat loss properties which will augment the industry outlook in the coming years.      

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Favorable government initiatives to provide health services to all residents along with accelerating investments by both private and public companies across the sector will foster the industry growth. The cryogenic liquid including oxygen and nitrogen are being widely used to preserve human organs, blood and to provide oxygen to patients. In addition, the companies operating across the industry are investing aggressively toward the development of hospitals, and other basic infrastructure which will further boost the business growth. Furthermore, shifting government focus to provide basic healthcare services in off-grid and rural areas will augment the product demand.

Key findings of the vacuum insulated pipe market report comprise of:

  • Accelerating investments toward healthcare and food & beverage industry
  • The demand for LNG infrastructure is surging on account of shifting trends toward gas-based generation sources
  • Key industry players operating across the industry includes Air Liquide, Chart Industries, TMK and Vacuum Barriers
  • Customized pipes are witnessing an upsurge in adoption on account of extensive development of aerospace sector.
  • Shifting government focus toward development of off-grid and rural areas primary across the emerging economies will substantially increase the demand for cryogenic liquids

Browse key industry insights spread across 240 pages with 438 market data tables & 33 figures & charts from the report, “Vacuum Insulated Pipe Market Size By Product (Standard, Customized), By Application (Cryogenic, Food & Beverage, Aerospace, Electronic Manufacturing & Testing), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:

The North America industry is anticipated to witness growth of over 5% up to 2026. Rapid development of manufacturing sector along with growing LNG trade has propelled the product demand. Longer service life, low heat losses, minimal maintenance cost and ease of expansion are some of the prominent features favoring the installation of these pipes over other available alternatives. Progressive initiatives adopted by respective government authorities have led to the development of chemical, healthcare and food packaging industry across the region. Furthermore, the increasing investments toward development of aerospace sector including light combat aircrafts, space shuttles, passenger aircrafts and other military programs will positively influence the business outlook.

The food packaging segment is set to grow on account of increase in disposable income of consumers along with accelerating food packaging sector. For instance, the food & beverage production in 2018, accounted for over USD 190 billion across the Europe. Accelerating trade of frozen and packaged food products has also led to the installation of these pipes across the industry. Furthermore, the ongoing plans to develop Tier II & III cities primarily across the developing nations coupled with increasing inter-regional trade activities are prominent factors which will positively impact the product demand.

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European Vacuum Insulated Pipe Market 2026: Increasing government spending across the healthcare industry is anticipated to accelerate the vacuum insulated pipe industry size. The healthcare sector deploys these pipes, primarily for the distribution of liquid nitrogen, oxygen, and other cryogenic gases for biological purposes, preservation of organs & blood, and for providing respiratory oxygen to patients. The industry players are continuously investing in upgrading the existing hospitals and improving their service portfolio, leading to an improved business outlook.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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