Vacuum Insulated Pipe Market 2020 Growth analysis and Trends? Chart Industries, TMK, Air Liquide, Cryofab, Demaco, Cryoworld

The North America industry is anticipated to witness growth of over 5% by 2026. Rapid development of manufacturing sector along with growing LNG trade has propelled the product demand. Longer service life, low heat losses, minimal maintenance cost and ease of expansion are some of the prominent features favoring the installation of these pipes over other available alternatives.

Progressive initiatives adopted by respective government authorities have led to the development of chemical, healthcare and food packaging industry across the region. Furthermore, the increasing investments toward development of aerospace sector including light combat aircrafts, space shuttles, passenger aircrafts and other military programs will positively influence the business outlook.

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Pages: 240
Tables: 438
Charts / Figures: 33
Companies covered: 14
Countries covered: 33

Vacuum Insulated Pipe Market will witness an annual installation of over 5,000 Km by 2026. Growing demand for cryogenic liquid including LNG, nitrogen, oxygen and helium coupled with increasing investments toward healthcare and chemical industry will propel the installation of these pipes.

Accelerating investments toward healthcare and food & beverage industry

The demand for LNG infrastructure is surging on account of shifting trends toward gas-based generation sources

Key industry players operating across the industry includes Air Liquide, Chart Industries, TMK and Vacuum Barriers

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The food packaging segment is set to grow on account of increase in disposable income of consumers along with accelerating food packaging sector. For instance, the food & beverage production in 2018, accounted for over USD 190 billion across the Europe.

Accelerating trade of frozen and packaged food products has also led to the installation of these pipes across the industry. Furthermore, the ongoing plans to develop Tier II & III cities primarily across the developing nations coupled with increasing inter-regional trade activities are prominent factors which will positively impact the product demand.

Growth Drivers:
Growing demand for natural gas
Positive outlook towards healthcare, chemical and food processing industries

Pitfalls & Challenges:
Safety concerns related to cryogenic liquid

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