Vacuum insulated pipe market is expected to witness considerable growth during the forecast period. The growing use of vacuum insulated pipe in LNG application due to its advantages such as reduce re-liquefaction, less liquid losses, and higher LNG flow over greater distances are the factors that are positively impacting the growth of the vacuum insulated pipe market. In addition, the rising demand for vacuum insulated pipe among the end-user due to its superior insulation properties, durability, and maintenance-free operation, which is further triggering the growth of the vacuum insulated pipe market.
Chart Industires, Inc., Air Liquide, TMK, Senior Flexonics, and Demaco – PROMINENT MARKET PARTICIPANTS IN VACUUM INSULATED PIPE MARKET
Chart Industires, Inc., Air Liquide, TMK, Senior Flexonics, and Demaco are some of the key market players operating in the global vacuum insulated pipe market. The listing of key players is derived by considering multiple factors such as overall revenue, current vacuum insulated pipe portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the vacuum insulated pipe ecosystems which were studies analyzed during the course of this market research study, such as, TMK, Acme Cryogenics, Cryeng Group Pty Ltd., Cryofab, Cryoworks, Inc., Sps Cryogenics B.V.. Further, in 2021, Air Liquide increases stake its stake in Air Liquide Munay Tech Gases (ALMTG) by 75% and planning to invest up to 86 million euros to acquire hydrogen and nitrogen production units from Atyrau refinery owned by KazMunayGas. As per the new agreement, LMTG will operate these assets to supply industrial gases to the Atyrau refinery.
Most of the market initiatives were observed in North American and Europe region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
|
Year |
News |
Country |
|
2021 |
S TMK’s R&D facility at Skolkovo has conducted a successful test of premium tubular oil and gas solutions. The test program was based on ISO Qualification of casing connections for thermal wells, and connection remained tight at all phases of the testing program, proving its unique set of operational properties. |
Europe |
|
2020 |
Senior Operations LLC appointed Senior Flexonics in Canada for company’s patented welded metal bellows for all non-Aerospace markets. |
North America |
