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Europe Vacuum Insulated Pipe Market Size to Record Substantial Growth Over 2020-2026

Apr 08, 2021 (Market Insight Reports) --

Selbyville, Delaware, Market Study Report LLC recently added a new title on 2020-2026 Europe Vacuum Insulated Pipe Market Report from its database. The report provides study with in-depth overview, describing about the Product, Size, Share, Industry Scope and elaborates market outlook and status to 2026.

Europe Vacuum Insulated Pipe Market size in 2019, exceeded USD 250 Million and is predicted to represent an installation of 1,400 Km by 2026. 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.

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France Vacuum insulated pipe market size 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.

Some major findings of the vacuum insulated pipe market report include:

– 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.

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.

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.

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 there ease of transportation and comparatively low cost.

The key industry players including Chart Industries, TMK, Air Liquide, Demaco etc. are building strong distribution channels through private leadership to make the products available for end users. The industry has also experienced a forward integration in terms of distribution and after-sales services including installation, maintenance, repairs, and retro-fittings. In addition, the companies are also focusing toward inorganic growth ventures as a key strategic inference to expand their service base to large proportion of customers.

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