404
+1-313-307-4176
We are working from home under lockdown. Our team is continuously tracking the impact of COVID-19 across different industries and we will incorporate those insights in our reports. For any specific query, mail us at [email protected]
Vacuum Insulated Pipe Market | Covid-19 Impact Analysis
The Vacuum Insulated Pipe Market is Segmented by Product Type (Standard, Customized), by Application Type (Cryogenic, Food & Beverage, Aerospace, Electronic Manufacturing & Testing, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Vacuum Insulated Pipe Market is likely to witness a CAGR of 5.0% during the forecast period. The major factors such as ongoing investments towards aerospace industry along with the rising LNG trade, accelerating spending in the direction of developing natural gas infrastructure owing to upsurge in gas-based generation capacity additions, growing demand for packaged and frozen food products coupled with the growing chemical industry majorly across the emerging economies are expected to positively influence the growth of the market and provide favorable opportunities during the forecast period.
|
Vacuum Insulated Pipe Market - Snapshot |
|
|
Growth |
5.0% for the next five years |
|
Dominant Product Type |
Customized |
|
Major Application Type |
Cryogenic |
|
Region with the highest demand |
Asia-Pacific |
|
Key Players |
Brugg Kabel GmbH, Chart Industries, Cryofab, Cryoworld, Demaco, Kelvin Technology, SPS Cryogenics B.V., Thames Cryogenics Ltd., TMK, and Vacuum Barrier Corporation. |
Wish to Get a Free Sample? Click here
Based on the product type, the market is segmented as standard and customized. The factors such as ongoing investments towards industries such as food & beverage, aerospace and semiconductor, are generating significant growth opportunities to propel the penetration of vacuum insulated pipes in the market. The manufacturing of these pipes are done on the basis of individual requirements for customer, making these pipes useful for controlling the flow of cryogenic liquid at the end-user premises. Furthermore, other factors such as the increasing manufacturing base and rising demand for LNG in various regions, particularly in North America and Europe, and the increase in consumption of oxygen across the healthcare industry accompanied by the rapidly growing demand for packaged food items, meat and dairy products are expected to fuel the growth of the market during the forecast period.
Based on the application type, the market is segmented as cryogenic, food & beverage, aerospace, electronic manufacturing & testing, and others. The major factors such as introducing government regulations and mandates for the protection of environment consequently causing increase in the adoption of natural gas, shifting towards a gas-based economy due to the inclination of the industry headed towards gas power plants, ultimately causing stimulation of the demand for the product, combination of supportive policies of clean fuel and competitive gas prices, leading to the growth and development of new gas-fired plants and removal of coal-fired power plants, and ongoing enhancements in technology towards exploring unconventional oil & gas resources so as to avoid demand-supply mismatch, are expected to positively influence the growth of the market during the forecast period.
In terms of regions, Asia-Pacific is estimated to witness a high growth rate, attributed to the increasing investments toward generation capacity addition accompanied by the growth in LNG trade in the market, during the forecast period. Factors such as the development of urban areas, shifting towards generation stations based on gas and strong manufacturing industry growth, dynamic expansion of the industries including chemical, semiconductor and packaged food industry as well, accompanied by the rapidly growing infrastructure, accelerated growth in aerospace sector majorly across China, India, Japan, and South Korea fueling the space industry growth, which is eventually fueling the adoption of product, and complex and changing government policies regarding adoption of sustainable systems are some of the main reasons driving the growth of the market during the forecast period. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Know which region offers best growth opportunities. Click here
Some of the key players in the vacuum insulated pipe market are-
Vacuum insulated pipe is the most preferred method to transport cryogenic liquids including hydrogen, natural gas, oxygen, and other liquid gases which are maintained at very low temperatures and is unmatched in terms of safety, reliability, and cost-effectiveness. These pipes are the most efficient options for storage, transfer or final use purpose.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
|
Vacuum Insulated Pipe Market Research Report - Features |
|
|
Market Segmentation |
3 |
|
Regions Covered |
4 |
|
Countries/Sub-Regions Covered |
17 |
|
No. of Figures & Tables |
>150 |
|
Company Profiles |
10 |
The vacuum insulated pipe market is segmented into the following categories.
Want to know the most attractive market segments? Click here
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The vacuum insulated pipe market is expected to witness an impressive growth of 5.0% CAGR in the foreseeable future.
Brugg Kabel GmbH, Chart Industries, Cryofab, Cryoworld, Demaco, Kelvin Technology, SPS Cryogenics B.V., Thames Cryogenics Ltd., TMK, and Vacuum Barrier Corporation are among the key players in the vacuum insulated pipe market.
Asia-Pacific is expected to witness the high growth in the vacuum insulated pipe market during the next five years.
Some of the major factors driving the growth of vacuum insulated pipe market are ongoing investments towards aerospace industry along with the rising LNG trade, accelerating spending in the direction of developing natural gas infrastructure owing to upsurge in gas-based generation capacity additions, growing demand for packaged and frozen food products coupled with the growing chemical industry majorly across the emerging economies.
WE ACCEPT
