Vacuum Insulated Pipe Market Report offered by Global Market Insights gives a market overview of the Vacuum Insulated Pipe Market which covers product scope, market revenue, opportunities, Gross Margin, sales Revenue and figures, the report also explores the worldwide players of the market and is segmented by region, type and application with forecast to 2026.
The size of Vacuum Insulated Pipe Market was registered at USD 900 million in the year 2019 and installation is anticipated to exceed 5,000 Km by 2026.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.
Browse key industry insights spread across 145 pages with 144 market data tables & 33 figures & charts from the report, “Europe Vacuum Insulated Pipe Market Size By Product (Standard, Customized), By Application (Cryogenic, Food & Beverage, Aerospace, Electronic Manufacturing & Testing), Industry Analysis Report, Country Analysis (UK, Germany, Italy, France, Spain, Poland, Russia, Norway, Netherlands), Application Potential, Price Trend, Competitive Market Share & Forecast, 2020–2026” in detail along with the table of contents:https://www.gminsights.com/industry-analysis/europe-vacuum-insulated-pipe-market
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 Vacuum Insulated Pipe Market 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.
The North America Vacuum Insulated Pipe Market is anticipated to witness growth of over 5% by 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.
Growth Drivers:
• Growing demand for natural gas
• Positive outlook towards healthcare, chemical and food processing industries
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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