Europe Vacuum Insulated Pipe Market

Europe Vacuum Insulated Pipe Market Size

The Europe Vacuum Insulated Pipe Market was worth $307.6 million in 2023 and is expected to grow at a rate of more than 5.4% per year from 2024 to 2032. VIPs, or vacuum insulated pipes, are made to maintain temperatures steady over extended distances by reducing heat transfer. The industry's rise is due to the rising demand for renewable energy sources and the government's attempts to minimize greenhouse gas emissions. Because of this rise, VIPs are now widely used to move liquid gases quickly.

The market for vacuum-insulated pipes in Europe has increased a lot, mostly because more private companies are putting money into infrastructure. The region's concentration on eco-friendly technologies, especially in cryogenic handling, has opened up new doors and helped companies grow. The European Commission, for instance, says that private investments in long-lasting infrastructure went up by 15% in 2023. Also, some important European countries are including VIPs in their energy plans. The sector is predicted to have substantial revenue development because of tough pollution rules and a burgeoning market for liquefied natural gas (LNG).

Europe Vacuum Insulated Pipe Market Trends

The European vacuum insulated pipe (VIP) business has been doing quite well lately. It's like a giant cleaning crew has come in to fix up old pipe networks and stop energy waste. These efforts have already helped the European Union cut energy losses by 15% since 2020. People are moving to the edges of cities more and more these days. In addition, chemical industries and refineries have been growing like crazy, which has made a big need for VIP systems. But that's not the only reason VIPs are getting a lot of attention. More and more people are using district heating systems, which heat whole communities. And these systems rely on VIPs to keep the heat flowing efficiently. Europe is also using more renewable energy sources, such as wind and solar electricity. We need top-notch infrastructure to make sure that this energy can be moved without any problems and that temperatures stay steady. And you know what? You got it—VIPs to the rescue!

Europe Vacuum Insulated Pipe Market Analysis

Hello! Get ready for thisby 2032, the market for ordinary pipes will be worth more than $350 million. Why? Because these pipes are everywhere, including in hospitals, frozen labs, posh restaurants, space shuttles, and more. What's really driving this pipe party is their ability to transfer loads of extremely cold liquids like natural gas, nitrogen, and hydrogen. These bad boys are great for Europe's up-and-coming economy because they're cheap and easy to export. But there's more! Companies, notably in the oil, gas, and chemical industries, are starting to seek pipes that are made just for them. And don't forget the aerospace, food, and electronics teams that appreciate these pipes because they can meet all of their needs.

Cryogenics is the science of freezing things at temperatures far lower than normal. In the field of cryogenics, one material in particular, VIP (vacuum insulated panel), is garnering a lot of attention. People think that the usage of VIP in cryogenics will go off like a rocket starting in 2024, expanding by more than 5% every year until 2032. Why? The world is moving increasingly toward gas-powered industries and hospitals, which need a lot of VIP to keep gasses and liquids very cold. The fact that we're getting better at creating pipelines to carry gases like LNG (liquid natural gas), helium, and hydrogen is also benefiting the cryogenics business. And in healthcare, as hospitals, nursing homes, and clinics crop up all over the place, they require VIP to keep things like oxygen, nitrogen, and medical gasses cool. EU4 Health is a significant project in Europe that is putting a lot of money into healthcare. This will make the VIP market even greater. So, get ready, because VIP's future of keeping things very cold looks good!

There are a number of important reasons why the market for vacuum insulated pipes in France will reach more than USD 75 million by 2032. One of the main reasons is that more and more businesses in the oil and gas, chemicals, and food and beverage industries need insulation that is both energy-efficient and environmentally friendly. For instance, according to the French Ministry of Ecological Transition, energy efficiency advancements in the industrial sector have lowered energy usage by 1.5% yearly over the past decade.

The market is also rising because cryogenic technologies are getting better and there is a greater requirement for safe transportation of cryogenic liquids. Government rules promoting energy conservation and the increased adoption of ecologically friendly practices further raise the demand for vacuum insulated pipes in France.

Europe Vacuum Insulated Pipe Market Share

Air Liquide owns a considerable market position in the European vacuum insulated pipe business. The company's prominent position is due to its sophisticated cryogenic technology and wide range of products that serve several industries, including healthcare, energy, and manufacturing. Air Liquide is a major player in the vacuum insulated pipe market across Europe since it is dedicated to innovation and sustainability and has a strong distribution network.

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

Market, By Product

• Standard
• Customized

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