Europe Vacuum Insulated Pipe Market: Industry Analysis and Forecast (2024-2030) Trends

Europe Vacuum Insulated Pipe Market Definition:

For the transportation and handling of cryogenic liquids, vacuum insulated pipes are used. Cryogenic liquids are maintained at extremely low temperatures and require specialized equipment for transportation and handling. These units are made up of two pipes: an inner pipe that carries the cryogenic liquid and an outer pipe that supports the inner pipe and acts as a vacuum jacket, allowing a vacuum to be created between the pipes. In the coming years, growing safety concerns about the handling of cryogens will drive the demand for reliable cryogenic equipment, which will complement the demand for vacuum insulated pipes.

 

Further, the Europe Vacuum Insulated Pipe market is segmented by product , Application and geography. On the basis of product , the Europe Vacuum Insulated Pipe market is segmented under Standard,  and Customized. Based on the Application, the market is segmented under Cryogenic, Food & Beverage, Aerospace, and Electrical manufacturing and testing. By geography, the market covers the major countries in Europe i.e., Italy, Germany, United Kingdom, Russia, France and Rest of Europe For each segment, the market sizing and forecasts have been done on the basis of value (in USD Million).

 

 

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Europe Vacuum Insulated Pipe Market  COVID 19 Insights:

The introduction of beneficial schemes and programs to upgrade or refurbish the healthcare sector will boost the industry's prospects.  the European Commission, a health funding scheme has been implemented in the region that seeks funds for e-health, healthcare infrastructure, health promotion initiatives, and other activities. Furthermore, the continuing spread of coronavirus has increased the demand for oxygen and other cryogens, such as nitrogen, in medical facilities, supporting the Europe vacuum insulated pipe market's growth positively.

 

Europe Vacuum Insulated Pipe Market Dynamics:

In 2027, Italy's vacuum insulated pipe market share is expected to grow at a 6.8% CAGR. The sector range will be strengthened by the ongoing adoption of a stringent regulatory framework to phase out nuclear and coal power facilities and replace them with renewables and natural gas for energy generation.

 

Growing energy demand has driven the policymakers to promote sustainable and clean energy, which will complement the rise of gas-based power plants, in turn enhancing the overall European vacuum insulated pipe market statistics. Furthermore, the Italian government has adopted a number of incentives and benefits to encourage the usage of natural gas, which will have a beneficial impact on the market s future.

 

Over the forecast period, further improvements in space technologies, as well as increased capital spending in the aerospace industry, will boost the Europe vacuum insulated pipe market growth. In the aerospace industry, for example, research and development investment (RDI) expenditure accounted for almost 10.50 percent of total turnover in 2020. Additionally, favorable government schemes and programs aimed at the development of the region's aerospace industry would raise demand for vacuum insulated pipes over the forecast period.

 

Market Trends

The vacuum insulated pipe market is expected to grow significantly as a result of an increase in partnerships and acquisitions. Across sectors, demand for vacuum insulated pipes is increasing at a rapid rate. Large corporations are placing a strong emphasis on the adoption of such technology in order to efficiently transport and store cryogenic liquids. Market participants are either collaborating with well-established and industry-recognized vacuum insulated pipe manufacturers or conducting acquisition activities in order to help buyers. Companies are able to adapt better technology for safely transferring cryogenic liquids with a more cost-effective approach due to partnerships and acquisitions.

 

The main issues with ethanol pipeline transport are its corrosive nature and tendency to absorb water and impurities in pipelines, which are not issues with oil or natural gas. Other factors preventing the construction of ethanol pipelines include insufficient quantities and cost-effectiveness.

 

Europe Vacuum Insulated Pipe Market Segment Analysis:

By Product, By 2030, the market for standard vacuum insulated pipes is expected to reach USD 295 million. Low cost, quick availability, ease of transportation, and a wide range of size options just are a few of the key factors that will influence adoption positively. These units are typically composed of stainless steel and available in a multitude of diameters ranging from 0.5 to 5 inches in diameter. Standard vacuum insulated pipes are used for 15 to 20 years, after which the piping section can be vacuum pumped again to prolong the life of the product.

 

Easy assembly with other auxiliary products, simple maintenance, a high safety factor, a wide range of applications, and less ice formation on the pipes are just a few of the important features offered by standard vacuum insulated pipes that will accelerate their adoption across Europe. Furthermore, technical advancements that improve efficiency, safety, and operational performance will help to boost business potential. For example, VA-Q-tec and Uponor released Ecoflex VIP, a highly insulated piping system, in March 2023. The new product provides considerable flexibility while still being very fuel-efficient.

 

By Application, The cryogenic industry in Europe is expected to grow its vacuum insulated pipe market share due to rising concerns about the safe handling of cryogens. These liquids are supercooled to temperatures ranging from -150°C to -273°C, making them particularly dangerous if not properly contained. For effective transportation and storage of these liquids, special equipment such as cryogenic tanks and vacuum insulated pipes is required, which will boost market dynamics over the forecast period.

 

Various governments in the region have imposed strict emission policies and regulations in recent years, causing energy-intensive sectors to gradually shift from fossil fuels such as coal and oil toward natural gas for power generation and other applications. This has fueled natural gas consumption, resulting in significant growth in the LNG trade in the region in recent years, complimenting Europe's vacuum insulated pipe market growth.

 

Furthermore, demand for cryogens such as oxygen, nitrogen, argon, and others has increased in the healthcare industry, creating a favorable business environment for vacuum insulated pipes in the cryogenic and healthcare industries.

 

Europe Vacuum Insulated Pipe Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the europemarket, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Europe Vacuum Insulated Pipe market to the stakeholders in the industry. The report provides trends that are most dominant in the Europe Vacuum Insulated Pipe market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Europe Vacuum Insulated Pipe Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Europe Vacuum Insulated Pipe market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Europe Vacuum Insulated Pipe market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Europe Vacuum Insulated Pipe market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Europe Vacuum Insulated Pipe market. The report also analyses if the Europe Vacuum Insulated Pipe market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Europe Vacuum Insulated Pipe market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Europe Vacuum Insulated Pipe market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Europe Vacuum Insulated Pipe market is aided by legal factors.

 

Europe Vacuum Insulated Pipe Market Scope:

Europe Vacuum Insulated Pipe Market
Market Size in 2023	USD 338.55 Mn.
Market Size in 2030	USD 536.57 Mn.
CAGR (2024-2030)	6.8%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Product Standard Customized
	By Application Cryogenic Food & Beverage Aerospace Electronic manufacturing &Testing Others
Country Scope	UK  France Germany Italy  Spain  Sweden Austria and Rest of Europe

 

Europe Vacuum Insulated Pipe Market Key Players: 

• Air Liquide SA (France)
• Chart Industries (India)
• Cryofab (US)
• Senior Flexonics (Japan)
• TMK (Russia)
• Sps Cryogenics B.V. (Netherlands)