Vacuum Insulated Pipe Market to Grow at a CAGR of 5.6% to reach US$ 1,386.3 million from 2020 to 2028
The vacuum insulated pipe market was valued at US$ 920.5 million in 2020 and is projected to reach US$ 1,386.3 million by 2028; it is expected to grow at a CAGR of 5.6% during 2021–2028.
The vacuum insulated pipe market is expected to witness considerable growth during the forecast period. The use of vacuum insulated pipe in LNG application is growing due to its advantages such as reduce reliquefaction, less liquid losses, and higher LNG flow over greater distances, which is driving the growth of the vacuum insulated pipe market. In addition, the rising demand for vacuum insulated pipe among the end users due to its superior insulation properties, durability, and maintenance-free operations is further accelerating the growth of the market.
The vacuum insulated pipe market is segmented on the basis of product and application. Based on product, the customized segment is expected to register a higher CAGR growth during the forecast period. The market growth for this segment is attributed to the increasing demand for customized vacuum insulated pipe in oil & gas, energy, and healthcare sectors due to the industry’s specification systems. Based on the application, the food & beverage segment is expected to hold the dominant market share. The increasing per capita income of consumers along with development of food packaging sector are the key factors propelling the growth of the food & beverage sector. Moreover, the increasing trade of packaged food and frozen products has provided lucrative business opportunities to the market for the customized segment.
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Vacuum Insulated Pipe Market: Strategic Insights
Market Size Value in US$ 920.5 Million in 2020 Market Size Value by US$ 1,386.3 Million by 2028 Growth rate CAGR of 5.6% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Vacuum Insulated Pipe Market: Strategic Insights
Market Size Value in | US$ 920.5 Million in 2020 |
Market Size Value by | US$ 1,386.3 Million by 2028 |
Growth rate | CAGR of 5.6% from 2021-2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Speak to AnalystImpact of COVID-19 Pandemic on Vacuum Insulated Pipe Market
According to the latest report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst affected countries due to COVID-19 outbreak. The COVID-19 crisis is affecting the industries worldwide and the global economy witnessed a worst hit in 2020 and it is likely to continue in 2021 also. The outbreak has created significant disruptions in primary industries such as food & beverage, medical, energy & power, electronics & semiconductor, petroleum, and chemicals. The factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have impacted manufacturing, supply, and sales of industrial equipment that are required for the manufacturing of vacuum insulated pipe. A significant decline in the activities in industries is hindering the growth of the global vacuum insulated pipe market.
Vacuum Insulated Pipe Market Insights
Supportive Clean Fuel Policies
Several government authorities across the world are supporting and imposing the clean fuel policies, which are being implemented in the respective regions. For instance, in March 2021, New Mexico’s state Senate approved a bill to introduce a clean fuel standard, which is likely to help them meet their carbon reduction goals. Such initiatives focus on limiting the use of conventional fuels in transportation. As a result, natural gas is expected emerge rapidly as an alternative fuel, and it would be the second-largest contributor to the energy mix, accounting for 25% by 2045.
In Asia Pacific, many governments are incentivizing consumers to convert their vehicles to clean gas (LPG) fuel-driven vehicles. The Government of India is planning to slash GST (Goods and Service Tax) on conversion kits along with providing subsidy support to consumers shifting to environment-friendly fuels. Further, the growth of the vacuum insulated pipes market in the region would be supported by the surging demand for liquefied natural gas (LNG) with the rapidly growing aerospace and manufacturing sectors. Therefore, rising government initiatives to adopt clean fuel policies are bolstering the demand for LNG, subsequently boosting the adoption of vacuum insulated pipes in oil and gas plants.
Product-Based Market Insights
Based on product, the vacuum insulated pipe market is bifurcated into standard and customized. The standard segment led the market in 2020. Standard pipes are considered as conventional insulated pipes and hold the majority market share. These pipe are made from steel and fused with a vacuum between inner and outer pipes. The vacuum insulated pipes are available in various size ranging from 0.5 inch to more than 5 inches. Furthermore, the diversified use in transferring large volume of cryogenic liquid including LNG, hydrogen, nitrogen, and others is driving the adoption of standard vacuum insulated pipes. Furthermore, the growing number of SMEs in emerging economies across APAC coupled with ease of transportation and lower cost of standard pipes than customize standard vacuum insulated pipes are among another factors propelling the market growth for the standard vacuum insulated pipe segment.
Players operating in the vacuum insulated pipe market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
In 2019, Air Liquide increases stake its stake in Air Liquide Munay Tech Gases (ALMTG) by 75%. The joint venture also announced that it is planning to invest up to €86 million 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.
In 2021, Acme Cryogenics, Inc. acquired Cryogenic Experts, Inc. The acquisition aimed to broaden the company’s cryogenic and non-cryogenic specialty fluids product line and increase its business presence in West Coast of the US.
Vacuum Insulated Pipe Market Report Scope
The Vacuum Insulated Pipe market has been segmented as follows:
Vacuum Insulated Pipe Market – by Product
- Standard
- Customized
Vacuum Insulated Pipe Market – by Application
- Cryogenic
- Food & Beverage
- Aerospace
- Electronic Manufacturing & Testing
- Others
Vacuum Insulated Pipe Market – By Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- TMK
- Air Liquide
- Chart Industries Inc.
- Senior Flexonics
- Acme Cryogenics
- Cryeng Group Pty Ltd.
- Cryofab
- Cryowork, Inc.
- Demaco
- Sps Cryogenics B.V.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product , Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The vacuum insulated pipe market is led by customized segment with highest share and is expected to dominate in the forecast period. The rise in demand can be attributed to the rising demand of customized vacuum insulated pipe in oil & gas, energy, and healthcare sectors due to the industry’s specification systems.
Rise in partnerships and acquisitions is expected to create significant opportunity of the vacuum insulated pipe market growth. The demand for vacuum insulated pipe is escalating at a substantial pace across industries. Large organizations are strongly emphasizing on the adoption of such technologies to transport and store cryogenic liquids efficiently. In order to facilitate the buyers, the market players are either collaborating with well-established and industry-recognized vacuum insulated pipe manufacturer or conducting acquisition activities. The partnerships and acquisition activities are enabling the companies to adopt better technology for transferring the cryogenic liquid safely with more cost effective approach.
The growth of the vacuum insulated pipe market is primarily attributed to the rise in investments towards food & beverage, aerospace and semiconductor industry. Moreover, the oil and gas industry players are increasingly capitalizing on cryogenic liquids, thereby substantially driving the vacuum insulated pipe market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Vacuum Insulated Pipe Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Vacuum Insulated Pipe Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Supportive Clean Fuel Policies
5.1.2 Growing Oxygen Consumption in Healthcare Sector
5.2 Key Market Restraints
5.2.1 Complications Associated with Cross-Border Transportation via Pipelines
5.3 Key Market Opportunities
5.3.1 Discovery of New Oil & Gas Reserves
5.4 Future Trends
5.4.1 Ongoing Technological Advancements in Exploration of Unconventional Oil & Gas Resources
5.5 Impact Analysis of Drivers and Restraints
6. Vacuum Insulated Pipe Market – Global Analysis
6.1 Vacuum Insulated Pipe Market Global Overview
6.2 Vacuum Insulated Pipe Market – Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Vacuum Insulated Pipe Market Analysis – By Product
7.1 Overview
7.2 Vacuum Insulated Pipe Market Breakdown, By Product Type, 2020 and 2028
7.3 Standard
7.3.1 Overview
7.3.2 Standard Market Revenue and Forecasts to 2028 (US$ Mn)
7.4 Customize
7.4.1 Overview
7.4.2 Customize Market Revenue and Forecasts to 2028 (US$ Mn)
8. Vacuum insulated pipe Market Analysis – By Application
8.1 Overview
8.2 Vacuum Insulated Pipe Market Breakdown, By Application, 2020 and 2028
8.3 Cryogenic
8.3.1 Overview
8.3.2 Cryogenic Market Revenue and Forecasts to 2028 (US$ Mn)
8.4 Food and Beverage
8.4.1 Overview
8.4.2 Food and Beverage Market Revenue and Forecasts to 2028 (US$ Mn)
8.5 Aerospace
8.5.1 Overview
8.5.2 Aerospace Market Revenue and Forecasts to 2028 (US$ Mn)
8.6 Electronic Manufacturing and Testing
8.6.1 Overview
8.6.2 Electronic Manufacturing and Testing Market Revenue and Forecasts to 2028 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others Market Revenue and Forecasts to 2028 (US$ Mn)
9. Vacuum Insulated Pipe Market – Geographic Analysis
9.1 Overview
9.2 North America: Vacuum Insulated Pipe Market
9.2.1 North America: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Vacuum Insulated Pipe Market- By Product
9.2.3 North America: Vacuum Insulated Pipe Market- By Application
9.2.4 North America: Vacuum Insulated Pipe Market- by Key Country
9.2.4.1 US: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Vacuum Insulated Pipe Market- By Product
9.2.4.1.2 US: Vacuum Insulated Pipe Market- By Application
9.2.4.2 Canada: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Vacuum Insulated Pipe Market- By Product
9.2.4.2.2 Canada: Vacuum Insulated Pipe Market- By Application
9.2.4.3 Mexico: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Vacuum Insulated Pipe Market- By Product
9.2.4.3.2 Mexico: Vacuum Insulated Pipe Market- By Application
9.3 Europe: Vacuum Insulated Pipe Market
9.3.1 Europe: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Vacuum Insulated Pipe Market- By Product
9.3.3 Europe: Vacuum Insulated Pipe Market- By Application
9.3.4 Europe: Vacuum Insulated Pipe Market- by Key Country
9.3.4.1 Germany: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Vacuum Insulated Pipe Market- By Product
9.3.4.1.2 Germany: Vacuum Insulated Pipe Market- By Application
9.3.4.2 France: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Vacuum Insulated Pipe Market- By Product
9.3.4.2.2 France: Vacuum Insulated Pipe Market- By Application
9.3.4.3 Italy: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Vacuum Insulated Pipe Market- By Product
9.3.4.3.2 Italy: Vacuum Insulated Pipe Market- By Application
9.3.4.4 UK: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Vacuum Insulated Pipe Market- By Product
9.3.4.4.2 UK: Vacuum Insulated Pipe Market- By Application
9.3.4.5 Russia: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Vacuum Insulated Pipe Market- By Product
9.3.4.5.2 Russia: Vacuum Insulated Pipe Market- By Application
9.3.4.6 Rest of Europe: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Vacuum Insulated Pipe Market- By Product
9.3.4.6.2 Rest of Europe: Vacuum Insulated Pipe Market- By Application
9.4 APAC: Vacuum Insulated Pipe Market
9.4.1 APAC: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.4.2 APAC: Vacuum Insulated Pipe Market- By Product
9.4.3 APAC: Vacuum Insulated Pipe Market- By Application
9.4.4 APAC: Vacuum Insulated Pipe Market- by Key Country
9.4.4.1 Australia: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Vacuum Insulated Pipe Market- By Product
9.4.4.1.2 Australia: Vacuum Insulated Pipe Market- By Application
9.4.4.2 China: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Vacuum Insulated Pipe Market- By Product
9.4.4.2.2 China: Vacuum Insulated Pipe Market- By Application
9.4.4.3 India: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Vacuum Insulated Pipe Market- By Product
9.4.4.3.2 India: Vacuum Insulated Pipe Market- By Application
9.4.4.4 Japan: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Vacuum Insulated Pipe Market- By Product
9.4.4.4.2 Japan: Vacuum Insulated Pipe Market- By Application
9.4.4.5 South Korea: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Vacuum Insulated Pipe Market- By Product
9.4.4.5.2 South Korea: Vacuum Insulated Pipe Market- By Application
9.4.4.6 Rest of APAC: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of APAC: Vacuum Insulated Pipe Market- By Product
9.4.4.6.2 Rest of APAC: Vacuum Insulated Pipe Market- By Application
9.5 MEA: Vacuum Insulated Pipe Market
9.5.1 MEA: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.5.2 MEA: Vacuum Insulated Pipe Market- By Product
9.5.3 MEA: Vacuum Insulated Pipe Market- By Application
9.5.4 MEA: Vacuum Insulated Pipe Market- by Key Country
9.5.4.1 South Africa: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Vacuum Insulated Pipe Market- By Product
9.5.4.1.2 South Africa: Vacuum Insulated Pipe Market- By Application
9.5.4.2 Saudi Arabia: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Vacuum Insulated Pipe Market- By Product
9.5.4.2.2 Saudi Arabia: Vacuum Insulated Pipe Market- By Application
9.5.4.3 UAE: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Vacuum Insulated Pipe Market- By Product
9.5.4.3.2 UAE: Vacuum Insulated Pipe Market- By Application
9.5.4.4 Rest of MEA: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: Vacuum Insulated Pipe Market- By Product
9.5.4.4.2 Rest of MEA: Vacuum Insulated Pipe Market- By Application
9.6 SAM: Vacuum Insulated Pipe Market
9.6.1 SAM: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.6.2 SAM: Vacuum Insulated Pipe Market- By Product
9.6.3 SAM: Vacuum Insulated Pipe Market- By Application
9.6.4 SAM: Vacuum Insulated Pipe Market- by Key Country
9.6.4.1 Brazil: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Vacuum Insulated Pipe Market- By Product
9.6.4.1.2 Brazil: Vacuum Insulated Pipe Market- By Application
9.6.4.2 Argentina: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Vacuum Insulated Pipe Market- By Product
9.6.4.2.2 Argentina: Vacuum Insulated Pipe Market- By Application
9.6.4.3 Rest of SAM: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of SAM: Vacuum Insulated Pipe Market- By Product
9.6.4.3.2 Rest of SAM: Vacuum Insulated Pipe Market- By Application
10. Vacuum Insulated Pipe Market- COVID-19 Impact Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 South America
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 AIR LIQUIDE SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Acme Cryogenics
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Chart Industries, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 CRYENG GROUP PTY LTD.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Cryofab
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 CRYOWORKS, INC.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 DEMACO.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Senior Flexonics
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 SPS CRYOGENICS B.V.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 TMK
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Vacuum Insulated Pipe Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. North America: Vacuum Insulated Pipe Market- By Product – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Vacuum Insulated Pipe Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. Europe: Vacuum Insulated Pipe Market- By Product – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe: Vacuum Insulated Pipe Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Germany: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 13. Germany: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. France: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 15. France: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 18. UK: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 19. UK: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 24. APAC: Vacuum Insulated Pipe Market- By Product – Revenue and Forecast to 2028 (US$ Million)
Table 25. APAC: Vacuum Insulated Pipe Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. Australia: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 27. Australia: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 28. China: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 29. China: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 30. India: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 31. India: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 32. Japan: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 33. Japan: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 34. South Korea: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of APAC: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of APAC: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 38. MEA: Vacuum Insulated Pipe Market- By Product – Revenue and Forecast to 2028 (US$ Million)
Table 39. MEA: Vacuum Insulated Pipe Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 40. South Africa: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 41. South Africa: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 42. Saudi Arabia: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 43. Saudi Arabia: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 44. UAE: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 45. UAE: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of MEA: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of MEA: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 48. SAM: Vacuum Insulated Pipe Market- By Product – Revenue and Forecast to 2028 (US$ Million)
Table 49. SAM: Vacuum Insulated Pipe Market- By Application – Revenue and Forecast to 2028 (US$ Million)
Table 50. Brazil: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 51. Brazil: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 52. Argentina: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 53. Argentina: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of SAM: Vacuum Insulated Pipe Market- By Product –Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of SAM: Vacuum Insulated Pipe Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 56. List of Abbreviation
LIST OF FIGURES
Figure 1. Vacuum Insulated Pipe Market Segmentation
Figure 2. Vacuum Insulated Pipe Market Segmentation – By Geography
Figure 3. Global Vacuum Insulated Pipe Market Overview
Figure 4. Standard Segment Held the Largest Market Share in 2020
Figure 5. Cryogenic Held the Largest Market Share in 2020
Figure 6. North America was the Largest Revenue Contributor in 2020
Figure 7. North America – PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. Asia-Pacific – PEST Analysis
Figure 10. Middle East and Africa – PEST Analysis
Figure 11. South America – PEST Analysis
Figure 12. Vacuum Insulated Pipe Market– Ecosystem Analysis
Figure 13. Expert Opinion
Figure 14. Vacuum Insulated Pipe Market: Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Vacuum Insulated Pipe Market
Figure 16. Global Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Vacuum Insulated Pipe Market Breakdown by Product Type, 2020 and 2028 (%)
Figure 18. Global Standard Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. Global Customize Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. Vacuum Insulated Pipe Market Breakdown by Application, 2020 and 2028 (%)
Figure 21. Global Cryogenic Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. Global Food and Beverage Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. Global Aerospace Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. Global Electronic Manufacturing and Testing Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. Global Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. Vacuum Insulated Pipe Market Revenue Share, By Region (2020 and 2028)
Figure 27. North America: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America: Vacuum Insulated Pipe Market Revenue Share, By Product (2020 and 2028)
Figure 29. North America: Vacuum Insulated Pipe Market Revenue Share, By Application (2020 and 2028)
Figure 30. North America: Vacuum Insulated Pipe Market Revenue Share, by Key Country (2020 and 2028)
Figure 31. US: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Canada: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Mexico: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Europe: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe: Vacuum Insulated Pipe Market Revenue Share, By Product (2020 and 2028)
Figure 36. Europe: Vacuum Insulated Pipe Market Revenue Share, By Application (2020 and 2028)
Figure 37. Europe: Vacuum Insulated Pipe Market Revenue Share, By Key Country (2020 and 2028)
Figure 38. Germany: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. France: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Italy: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. UK: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Russia: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Rest of Europe: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. APAC: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. APAC: Vacuum Insulated Pipe Market Revenue Share, By Product (2020 and 2028)
Figure 46. APAC: Vacuum Insulated Pipe Market Revenue Share, By Application (2020 and 2028)
Figure 47. APAC: Vacuum Insulated Pipe Market Revenue Share, By Key Country (2020 and 2028)
Figure 48. Australia: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. China: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. India: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Japan: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. South Korea: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of APAC: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. MEA: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. MEA: Vacuum Insulated Pipe Market Revenue Share, By Product (2020 and 2028)
Figure 56. MEA: Vacuum Insulated Pipe Market Revenue Share, By Application (2020 and 2028)
Figure 57. MEA: Vacuum Insulated Pipe Market Revenue Share, By Key Country (2020 and 2028)
Figure 58. South Africa: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Saudi Arabia: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. UAE: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of MEA: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. SAM: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. SAM: Vacuum Insulated Pipe Market Revenue Share, By Product (2020 and 2028)
Figure 64. SAM: Vacuum Insulated Pipe Market Revenue Share, By Application (2020 and 2028)
Figure 65. SAM: Vacuum Insulated Pipe Market Revenue Share, By Key Country (2020 and 2028)
Figure 66. Brazil: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Argentina: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. Rest of SAM: Vacuum Insulated Pipe Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Impact of COVID-19 Pandemic in North American Country Markets
Figure 70. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 71. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 72. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 73. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Vacuum Insulated Pipe Market
- ACME CRYOGENICS
- AIR LIQUIDE
- Chart Industires, Inc.
- CRYENG GROUP PTY LTD.
- CRYOFAB, INC.
- CRYOWORKS, INC.
- DEMACO
- Senior Flexonics
- SPS CRYOGENICS B.V.
- TMK
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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