Growing investments in the chemical and healthcare sectors will help drive vacuum insulated pipe market trends over the next few years. There has been an increase in the demand for nitrogen, helium, oxygen and LNG due to a paradigm shift towards opting for sources that are generated based on gas. Rise in the investments in the food & beverage sector will have a major impact on the industry.
With the sturdy rise in the aerospace sector, customized vacuum insulated pipelines have been experiencing increased adoption. The governments have been focusing on the development of rural and off-grid areas, mainly in the developing economies which will further help encourage the demand for cryogenic liquids.
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Major industry players that are involved in the production and distribution of the product include Chart Industries, Vacuum Barriers, Air Liquide and TMK. Global vacuum insulated pipe market size will register an annual installation of more than 5,000 Kms by 2026. Rapid development of all the manufacturing sectors such as refining, food & beverage and chemical has resulted in the growth of the consumption of natural gas.
Energy generators have shifted their preferences towards power plants using gas as a fuel while there has also been a rise in the use of natural gas in heating as well as the transportation sector, influencing the product demand significantly. The vacuum insulated pipelines boast reduced heat loss property which has resulted in several industry players installing the product across frozen food, petrochemical and electronic manufacturing facilities.
With the rise in the disposable income at hand of the consumers, the food packaging segment will witness substantial growth. The production of food & beverages had accounted for more than USD 190 billion in revenues across Europe in the year 2018. Plans for the development of Tier II & III cities mostly in the emerging economies accompanied by the rising regional trade activities will be few other prime factors that will thrust vacuum insulated pipes industry size in the forthcoming years.
Governments have laid down several favorable initiatives to offer health services to every resident. The sector has been heavily funded by both public and private companies. Cryogenic liquid such as nitrogen and oxygen are being extensively used to preserve different human organs and blood as well as provide oxygen to the patients.
Additionally, all the firms operating in the industry have been involved in rigorous investment for the development of hospitals and several other basic infrastructure. This will help push the vacuum insulated pipes market share in the projected timeframe.
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North America vacuum insulated pipe market size will register a growth of more than 5% by 2026. There has been a surge in the investments in the U.S. for the development of aerospace sector that consists of space shuttles, combat aircraft, passenger aircraft and other military programs that shall help foster the industry growth.
Surge in the LNG trade with the swift development of the manufacturing sector will boost the demand for the product in the U.S. The pipes have been favored over other products for installation on account of prominent features such as reduced heat losses, ease of expansion, provision of longer service life and minimal maintenance cost.
Partial Chapter of the Table of Content
Chapter 2 Executive Summary
2.1 Vacuum Insulated Pipe industry 3600 synopsis, 2015 – 2026
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Vacuum Insulated Pipe Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2015 – 2026 (USD Million)
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Innovation & sustainability
3.5 Regulatory landscape
18.104.22.168 ASME B31: Code of pressure piping
22.214.171.124.1 B31.1 – Power Piping (2016)
126.96.36.199.2 B31.3: Process Piping (2016)
188.8.131.52.3 B31.4 - Pipeline Transportation Systems for Liquid Hydrocarbon and Other Liquids (2016)
184.108.40.206.4 B31.5 - Refrigeration Piping and Heat Transfer Components (2016)
220.127.116.11.5 B31.9 - Building Services Piping (2014)
18.104.22.168.6 B31.12 - Hydrogen Piping and Pipelines (2014)
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