Global Vacuum Insulated Pipe Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Standard and Customized.

By Application;

Cryogenic, Food & Beverage, Aerospace, Electronic Manufacturing & Testing and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn462066169 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Vacuum Insulated Pipe Market (USD Million), 2021 - 2031

In the year 2024, the Global Vacuum Insulated Pipe Market was valued at USD 1,124.25 million. The size of this market is expected to increase to USD 1,592.51 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.

The global vacuum insulated pipe (VIP) market plays a crucial role in maintaining the efficiency and safety of cryogenic fluid transportation across various industries. VIPs are designed to minimize heat transfer between the internal and external environments, making them ideal for applications involving liquefied natural gas (LNG), industrial gases, and other cryogenic fluids. These pipes consist of an inner and outer steel pipe separated by a vacuum layer, effectively reducing conduction and convection heat losses.

One of the primary drivers of the VIP market is the increasing demand for energy-efficient solutions. VIPs help industries reduce energy consumption by minimizing heat loss during fluid transport, thereby enhancing operational efficiency and cost-effectiveness. Moreover, stringent environmental regulations worldwide are pushing industries towards sustainable practices, further boosting the adoption of VIPs due to their eco-friendly attributes.

Despite the numerous advantages, the market faces several challenges. High initial costs, complex installation requirements, and ongoing maintenance needs pose barriers to widespread adoption. Additionally, limited awareness among end-users and regulatory hurdles in different regions contribute to the market's restrained growth.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Vacuum Insulated Pipe Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Efficiency Advantages
        2. Increasing LNG Trade
        3. Environmental Regulations Compliance
        4. Growth in Cryogenic Applications
        5. Expansion of Industrial Gas Sector
      2. Restraints
        1. Complexity in Installation
        2. Maintenance Challenges
        3. Limited Awareness
        4. Regulatory Hurdles
        5. Safety Concerns
      3. Opportunities
        1. Emerging Economies Adoption
        2. Renewable Energy Projects
        3. Technological Innovations
        4. Urbanization Trends
        5. Retrofitting Projects
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Vacuum Insulated Pipe Market, By Product, 2021 - 2031 (USD Million)
      1. Standard
      2. Customized
    2. Global Vacuum Insulated Pipe Market, By Application, 2021 - 2031 (USD Million)
      1. Cryogenic
      2. Food & beverage
      3. Aerospace
      4. Electronic manufacturing & testing
      5. Others
    3. Global Vacuum Insulated Pipe Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa

        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. Acme Cryo
      2. Chart Industries
      3. Cryocomp
      4. Cryofab
      5. Cryogas Equipment Pvt. Ltd.
      6. CryoWorks, Inc.
      7. Cryoworld
      8. Maxcon Industries Pty. Ltd
      9. Senior Flexonics
      10. Stirling Cryogenics
  7. Analyst Views
  8. Future Outlook of the Market