Europe Vacuum Insulated Pipe Market Size
Europe Vacuum Insulated Pipe Market was valued at USD 307.6 million in 2023 and is projected to witness more than 5.4% CAGR between 2024 and 2032. Vacuum insulated pipes (VIPs) are designed to reduce heat transfer, keeping temperatures stable over long distances. The growing demand for renewable energy sources and government efforts to cut greenhouse gas emissions have driven the industry's growth. This increase has led to the widespread use of VIPs for transporting liquefied gases efficiently.
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Europe's vacuum insulated pipe market has grown significantly, mainly due to more private sector investments in infrastructure. The region's focus on sustainable technologies, especially in cryogenic handling, has created new opportunities and helped businesses expand. For example, according to the European Commission, private investments in sustainable infrastructure increased by 15% in 2023. Additionally, several key European countries are including VIPs in their energy plans. With strict emission regulations and a growing liquefied natural gas (LNG) market, the sector is expected to see strong revenue growth.
Europe Vacuum Insulated Pipe Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2023 |
| Europe Vacuum Insulated Pipe Market Size in 2023 |
USD 307.6 Million |
| Forecast Period |
2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR |
5.4% |
| 2032 Value Projection |
USD 489.2 Million |
| Historical Data for |
2021 - 2023 |
| No. of Pages |
80 |
| Tables, Charts & Figures |
15 |
| Segments covered |
Product, Application |
| 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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Europe Vacuum Insulated Pipe Market Trends
The European vacuum insulated pipe (VIP) industry has been booming lately. It's like a big cleaning crew that's been swooping in to upgrade aging pipe networks and tackle energy waste. Thanks to these efforts, the European Union has already seen a drop of 15% in energy losses since 2020. Meanwhile, there's been an uptick in folks moving to the outskirts of cities. Plus, chemical plants and refineries have been expanding like crazy, all of which have created a huge demand for VIP systems. But that's not the only reason VIPs are making a splash. District heating systems, like the ones that heat entire neighborhoods, are becoming increasingly popular. And these systems rely on VIPs to keep the heat flowing efficiently. Europe is also ramping up its use of renewable energy like solar and wind power. To make sure this energy can be transferred smoothly and temperatures stay stable, we need top-notch infrastructure. And guess what? You got it – VIPs to the rescue!
Europe Vacuum Insulated Pipe Market Analysis
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Hey there! Get ready for thisthe market for standard pipes is about to explode, reaching over $350 million by 2032. Why? Because these pipes are everywhere, especially in hospitals, freezing labs, fancy restaurants, space shuttles, and more. What's really driving this pipe party is their ability to move loads of crazy cold liquids like natural gas, nitrogen, and hydrogen. These bad boys are the perfect go-to for Europe's up-and-coming economies, where they're cheap and easy to ship. But wait, there's more! Businesses are starting to want pipes that are tailor-made for their wacky needs, especially in the oil, gas, and chemical industries. And let's not forget the aerospace, food, and electronics crews, who love these pipes because they can handle all their special requirements.
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Imagine freezing things way, way below normal temperatures—that's cryogenics. And in the world of cryogenics, one special material called VIP (vacuum insulated panel) is getting a lot of attention. Starting in 2024, people are predicting that the use of VIP in cryogenics will take off like a rocket, growing by over 5% every year until 2032. Why? Well, the world is getting more into gas-powered plants and healthcare, which need lots of VIP for keeping gases and liquids extra cold. The fact that we're getting better at building pipelines to transport gases like LNG (liquid natural gas), helium, and hydrogen is also helping the cryogenics industry. And in healthcare, as hospitals, nursing homes, and clinics pop up all over the place, they need VIP to keep things like oxygen, nitrogen, and medical gases cool. In Europe, a big project called EU4 Health is pouring money into healthcare, which will make the VIP market even bigger. So, buckle up, because the future of keeping things super cold looks bright for VIP!
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The France vacuum insulated pipe market is set to surpass USD 75 million by 2032, driven by several key factors. The increasing demand for energy-efficient and sustainable insulation solutions in industries like oil and gas, chemicals, and food and beverage is a major driver. For instance, according to the French Ministry of Ecological Transition, energy efficiency improvements in the industrial sector have reduced energy consumption by 1.5% annually over the past decade.
Additionally, advancements in cryogenic technologies and the growing need for safe transportation of cryogenic liquids contribute to market growth. Government regulations promoting energy conservation and the rising adoption of environmentally friendly practices further boost the demand for vacuum insulated pipes in France.
Europe Vacuum Insulated Pipe Market Share
Air Liquide holds a significant market share in the European vacuum insulated pipe industry. The company's strong presence is driven by its advanced cryogenic technology and extensive product portfolio, catering to various industries such as healthcare, energy, and manufacturing. Air Liquide's commitment to innovation and sustainability, along with its robust distribution network, positions it as a key player in the vacuum insulated pipe market across Europe.
Europe Vacuum Insulated Pipe Market Companies
Major key players operating across the Europe vacuum insulated pipe industry are
- Air Liquide
- BRUGG Pipes
- BUTTING CryoTech GmbH
- Cryo Anlagenbau GmbH
- Cryoworld
- CRYOSPAIN
- CRIOTEC Impianti srl
- Demaco
- INTECH GmbH
- CoreDux
- Thames Cryogenics Ltd.
- Vacuum Barrier Corporation
- Taylor-Wharton
- Cryo Anlagenbau GmbH
- KrioSystem
- TMK
- CRYOTHERM
- Cryofab
- SPS Cryogenics B.V.
Europe Vacuum Insulated Pipe Industry News
- In January 2023, Chart Industries and BNG Clean Fuel Corporation signed an MOU to deliver hydrogen liquefaction technology, components, and fuelling stations. They will use BNG's " wheel model and spoke, hub " for hydrogen production, shipping, virtual pipeline networks, and fuel distribution. This partnership is set to boost the cryogenics market, including vacuum-insulated pipe (VIP) modules, in emerging economies, enhancing both companies' market shares.
- In October 2022, BRUGG Pipes, a division of BRUGG Group AG, opened a new production facility in O?arów, Poland, to enhance its production of cryogenic technology solutions for the safe transport of liquids and gases across various industries. This facility supports the company's focus on advancing the energy revolution and reducing CO2 emissions.
This Europe vacuum insulated pipe market research report includes an in–depth coverage of the industry with estimates & forecast in terms of volume and revenue in Km and USD Million from 2021 to 2032, for the following segments
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Market, By Product
Market, By Application
- Cryogenic
- Food & beverage
- Aerospace
- Electronic manufacturing & testing
- Healthcare
- Others
The above information has been provided for the following countries
- UK
- Germany
- Italy
- France
- Spain
- Poland
- Russia
- Norway
- Netherlands
