Press release
Large Bore Vacuum Insulated Pipe Market Analysis By Key Players- CRYOSPAIN, INTECH GmbH, Demaco - Forecast to 2032
Large Bore Vacuum Insulated Pipe Market Forecast to 2032
The global large bore vacuum insulated pipe market is expected to be worth US$ 17.43 Million in fiscal year 2022, up from US$ 16.2 Million in fiscal year 2021. From 2022 to 2032, the market is expected to grow at a 7.6% CAGR, reaching a value of US$ 36.26 Million by the end of 2032.
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The Large Bore Vacuum Insulated Pipe Market is a specialized segment of the broader piping industry, and is focused on the production of large-diameter pipes that are designed to maintain ultra-low temperatures. Vacuum insulated pipes are used in a variety of applications, including cryogenic storage, cryogenic transport, and liquefied natural gas (LNG) transfer. These pipes are typically made from high-strength materials such as stainless steel or superalloys, and are designed to maintain a vacuum between the inner and outer walls to provide insulation.
The growth of the Large Bore Vacuum Insulated Pipe Market is driven by a number of factors, including the increasing demand for cryogenic storage and transport solutions in various industries, such as healthcare, energy, and food processing. The rise of LNG as a clean and cost-effective energy source is also driving the demand for vacuum insulated pipes, as LNG must be transported and stored at extremely low temperatures.
Key Companies-
• CRYOSPAIN
• Ability Engineering Technology, Inc.
• INTECH GmbH
• Cryogas Equipment Pvt. Ltd.
• Demaco
• Schwanner GmbH
• PERMA-PIPE International Holdings, Inc.
• Maxcon Industries Pty. Ltd
• Cryoworld
• TMK and more
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The Large Bore Vacuum Insulated Pipe Market is highly competitive, with a number of manufacturers offering a wide range of products. Some of the key players in the market include Praxair, Chart Industries, Cryofab, and CIMC Enric. These companies offer a variety of vacuum insulated pipes, including cryogenic storage tanks, LNG transfer lines, and cryogenic transport trailers.
The Large Bore Vacuum Insulated Pipe Market is segmented based on the type of product, the end-user industry, and the application. Some of the key segments of the market include cryogenic storage, LNG transfer, and cryogenic transport. The cryogenic storage segment is expected to be the largest and fastest-growing segment of the market due to the increasing demand for cryogenic storage solutions in various industries.
Overall, the Large Bore Vacuum Insulated Pipe Market is expected to experience significant growth in the coming years, driven by the increasing demand for cryogenic storage and transport solutions in various industries.
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Large Bore Vacuum Insulated Pipe Market By Region
North America
Europe
Asia Pacific (APAC)
Latin America
Middle East & Africa (MEA)
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