Press Release – updated: Oct 17, 2019 01:00 EDT
SELBYVILLE, Del., October 17, 2019 (Newswire.com) – The Europe Vacuum Insulated Pipe Market is set to surpass USD 300 million by 2026, according to a new research report by Global Market Insights, Inc. Increasing cryogenic liquid trade including LNG on account of rising consumption for natural gas for power generation will foster the demand for vacuum insulated pipes.
Cryogenic liquids accounted for a substantial share in the vacuum insulated pipe market and is anticipated to maintain a proportionate growth. Increasing consumption of natural gas on account of development of energy-intensive industry including chemical, food & beverage and refining will boost the industry growth. In addition, shifting focus toward gas-based power generating station on account of supportive regulatory policies and ongoing retirement of coal-based station will positively influence the business outlook. Moreover, the industry players are also focusing toward deployment of these pipes across hospitals, chemical and food packaging industry owing to lower gas losses and economies of scale in long run.
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- Demand for LNG infrastructure is gaining impetus on account of shifting focus toward gas-based power generating sources.
- Stringent energy efficiency directives across developed economies is expected to drive the industry growth.
- Increasing investments toward food & beverage, chemical and healthcare industry.
- Key players operating in the vacuum insulated pipe market are Chart Industries, TMK, Demaco etc.
- Industry players opt for inorganic growth ventures to enhance their presence across the region
- Government authorities are focusing toward development of Tier II & III cities across Germany, France and Italy have led to substantial increase in demand for cryogenic liquids.
Accelerating investments by public and private entities toward development of healthcare sector in line with government schemes to provide health services to all citizens will propel the Europe vacuum insulated pipe market. The cryogenic liquid including nitrogen and oxygen are widely used in preservation of blood, organs and in providing oxygen to patients. The healthcare companies are investing extensively toward development of hospitals and other basic healthcare infrastructure across the region. Furthermore, the shifting government focus to provide service across rural and remote areas will propel the business growth.
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:
France Vacuum insulated pipe market will escalate over 5% by 2026. The growing LNG trade along with rapid development of manufacturing industry will propel the industry growth. Progressive initiatives adopted by government authorities have led to the development of food & beverages and chemical industry across the nations. The increasing investments by government & private players toward aerospace industry including space programs, aircrafts and military testing will positively influence the product demand. In addition, the implementation of energy-efficiency protocols & policies and various plans toward climate change including Paris Climate Pact have been key instruments toward product adoption.
Increasing per capita income of consumers along with development of food packaging sector has been a key instrument toward the growth of food & beverage sector. The industry accounts for the major share in the EU manufacturing sector in terms of value addition. Moreover, the food & beverage production across the Europe accounted for around USD 197.94 billion in 2018. The increasing trade of packaged food and frozen products has also provided favorable business opportunities. In addition, extensive investments toward the development of Tier II & III cities along with the increasing interregional trade activities are the vital factors which will positively influence the product adoption.
Standard pipe in 2019, accounted for USD 200 million across the Europe vacuum insulated pipe market. These are firm steel pipes which are combined with vacuum between outer and inner pipes. These pipes are used to transfer large volume of cryogenic liquid across long distance and are primarily used to transfer LNG, nitrogen and oxygen across the region. In addition, the product is gaining wide acceptance on account of their ease of transportation and comparatively low cost.
The key industry players in Europe vacuum insulated pipe market includes the following:
- Air Liquide
- Chart Industries, Inc.
- Brugg Cables
- Cryofab, Inc.
- Cryoworld BV
- Vacuum Barrier Corporation
- Kelvin Technology, Inc.
- Thames Cryogenics Ltd.
- SPS Cryogenics B.V.
- Majus Ltd
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Cryogenic Equipment Market Statistics 2024: Nitrogen based cryogenic equipment industry will grow on account of the product’s wide-ranging applications across oil & gas operations including injection & pressure testing, EOR, reservoir pressure maintenance, well stimulation, nitrogen floods and inert gas lift. Key players in the global market include Chart Industries, INOXCVA, Emerson Electric, Cryostar, Linde Group, Wessington Cryogenics, Praxair Technology, Air Products and Chemicals, Air Liquide, Graham Partners, Ebara, Technifab Products, and Nikisso Cryo.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: Global Market Insights, Inc.