Product Code: 5340
The global large bore vacuum insulated pipe market is anticipated to register commendable growth over the forecast period, on account of growing investments in the aerospace industry.
Modern aircraft are integrated with advanced propulsion systems that offer longevity and produce low emissions. Major aerospace players are developing new products designed to address these evolving expectations.
For instance, Airbus UpNext unveiled its demonstrator project ASCEND, with the intention of using a hybrid-electric propulsion system integrated with superconducting and cryogenic technologies that can be lighter than a traditional system. The ASCEND project involved the use of a cold source such as liquid hydrogen to increase the power density without compromising system weight, amplifying the need for efficient piping solutions, and in turn, augmenting industry growth.
Although cryogenic liquids are expected to become future fuel sources, these liquified gases can lead to accidents with a sudden rise in pressure due to excessive boil-off. This can create issues in high-volume storage scenarios, increasing the need for highly skilled personnel to handle and use these liquids. These factors may discourage many manufacturers from procuring cryogenic liquids and integrating them into their technologies, and in consequence, impede large bore vacuum insulated pipe market growth.
The large bore vacuum insulated pipe market is bifurcated in terms of installation, application, and region.
In terms of installation, the under-sea segment is poised to register appreciable proceeds over the estimated timeline, owing to the growing usage of sub-sea cryogenic piping. Companies are implementing these systems for onshore as well as offshore applications.
Citing an instance, the subsea LNG pipeline technology developed by Fluor was designed to be highly reliable, offer better life cycle costs, and require lower costs to build. Furthermore, the technology was built to leverage LNG's inherently cold energy whilst retaining strong plant operations with little impact on the environment, influencing market dynamics.
Based on application, the chemical segment is projected to attain reasonable growth, given the rising usage of cryogenic systems in the chemical industry. Cryogenic piping systems are used to transfer cryogenic liquid which finds various applications across chemical processes.
For instance, nitrogen is used in chemical facilities as a liquifying agent, and it also generates modified atmospheres for safeguarding facilities. This is expected to foster large bore vacuum insulated pipe market growth from the segment.
From a regional purview, the North America market held a significant value in 2021. Advancements in cryogenic technology in addition to increased disposable income have encouraged financiers to increase investments in the region.
Additionally, growing awareness among customers in North America regarding the benefit of using sustainable solutions with advanced vacuum insulated pipes as replacement for traditional pipelines. is poised to fuel regional market growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Methodology
- 1.2 Market definitions
- 1.3 Market estimates and forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Large bore vacuum insulated pipe industry 360 degree synopsis, 2018 - 2030
- 2.1.1 Business trends
- 2.1.2 Installation trends
- 2.1.3 Application trends
- 2.1.4 Regional trends
Chapter 3 Large Bore Vacuum Insulated Pipe Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Innovation & technology landscape
- 3.2.1 Pipe in pipe system
- 3.2.2 Subsea pipelines: an alternative to trestle piping
- 3.3 Regulatory landscape
- 3.3.1 U.S.
- 3.3.1.1 ASME B31: Code of pressure piping
- 3.3.1.1.1 B31.3: Process Piping (2016)
- 3.3.1.1.2 B31.4 - Pipeline Transportation Systems for Liquid Hydrocarbon and Other Liquids (2016)
- 3.3.1.1.3 B31.5 - Refrigeration Piping and Heat Transfer Components (2016)
- 3.3.1.1.4 B31.9 - Building Services Piping (2014)
- 3.3.1.1.5 B31.12 - Hydrogen Piping and Pipelines (2014)
- 3.3.2 Europe
- 3.3.2.1 Technical requirements
- 3.3.2.2 Classification
- 3.3.2.3 Essential safety requirements (ESR)
- 3.3.2.4 Conformity Assessment Procedure
- 3.3.2.5 CE Marking for the European market
- 3.3.3 Australia
- 3.3.3.1 Dangerous Goods (Storage and Handling) Regulations 2000
- 3.3.3.1.1 Series of standards
- 3.3.4 China
- 3.4 COVID- 19 impact on the industry outlook
- 3.5 Industry impact forces
- 3.5.1 Growth drivers
- 3.5.1.1 Growing demand for natural gas
- 3.5.1.2 Positive outlook toward aerospace and chemical industries
- 3.5.2 Industry Pitfalls & Challenges
- 3.5.2.1 Safety concerns related to cryogenic liquid
- 3.6 Growth potential analysis
- 3.7 Porter's Analysis
- 3.7.1 Bargaining power of suppliers
- 3.7.2 Bargaining power of buyers
- 3.7.3 Threat of new entrants
- 3.7.4 Threat of substitutes
- 3.8 Competitive landscape, 2021
- 3.8.1.1 PERMA-PIPE International Holdings, Inc.
- 3.8.1.2 Schwanner GmbH
- 3.8.1.2.1 Strategic collaboration
- 3.8.1.3 CRYOSPAIN
- 3.9 PESTEL Analysis
Chapter 4 Large Bore Vacuum Insulated Pipe Market, By Installation
- 4.1 Large bore vacuum insulated pipe market share by installation, 2021 & 2030
- 4.2 Above ground
- 4.2.1 Global market from above ground, 2018 - 2030
- 4.2.2 Global market from above ground, by region, 2018 - 2030
- 4.3 Underground
- 4.3.1 Global market from underground, 2018 - 2030
- 4.3.2 Global market from underground, by region, 2018 - 2030
- 4.4 Under sea
- 4.4.1 Global market from under sea, 2018 - 2030
- 4.4.2 Global market from under sea, by region, 2018 - 2030
Chapter 5 Large Bore Vacuum Insulated Pipe Market, By Application
- 5.1 Large bore vacuum insulated pipe market share by application, 2021 & 2030
- 5.2 Cryogenic
- 5.2.1 Global market from cryogenic, 2018 - 2030
- 5.2.2 Global market from cryogenic, by region, 2018 - 2030
- 5.3 Aerospace
- 5.3.1 Global market from aerospace, 2018 - 2030
- 5.3.2 Global market from aerospace, by region, 2018 - 2030
- 5.4 Chemical
- 5.4.1 Global market from chemical, 2018 - 2030
- 5.4.2 Global market from chemical, by region, 2018 - 2030
- 5.5 Others
- 5.5.1 Global market from others, 2018 - 2030
- 5.5.2 Global market from others, by region, 2018 - 2030
Chapter 6 Large Bore Vacuum Insulated Pipe Market, By Region
- 6.1 Large bore vacuum insulated pipe market share by region, 2021 & 2030
- 6.2 North America
- 6.2.1 North America market, 2018 - 2030
- 6.2.2 North America market by installation, 2018 - 2030
- 6.2.3 North America market by application, 2018 - 2030
- 6.2.4 U.S.
- 6.2.4.1 U.S. market, 2018 - 2030
- 6.2.4.2 U.S. market by installation, 2018 - 2030
- 6.2.4.3 U.S. market by application, 2018 - 2030
- 6.2.5 Canada
- 6.2.5.1 Canada market, 2018 - 2030
- 6.2.5.2 Canada market by installation, 2018 - 2030
- 6.2.5.3 Canada market by application, 2018 - 2030
- 6.2.6 Mexico
- 6.2.6.1 Mexico market, 2018 - 2030
- 6.2.6.2 Mexico market by installation, 2018 - 2030
- 6.2.6.3 Mexico market by application, 2018 - 2030
- 6.3 Europe
- 6.3.1 Europe market, 2018 - 2030
- 6.3.2 Europe market by installation, 2018 - 2030
- 6.3.3 Europe market by application, 2018 - 2030
- 6.3.4 Germany
- 6.3.4.1 Germany market, 2018 - 2030
- 6.3.4.2 Germany market by installation, 2018 - 2030
- 6.3.4.3 Germany market by application, 2018 - 2030
- 6.3.5 UK
- 6.3.5.1 UK market, 2018 - 2030
- 6.3.5.2 UK market by installation, 2018 - 2030
- 6.3.5.3 UK market by application, 2018 - 2030
- 6.3.6 Italy
- 6.3.6.1 Italy market, 2018 - 2030
- 6.3.6.2 Italy market by installation, 2018 - 2030
- 6.3.6.3 Italy market by application, 2018 - 2030
- 6.3.7 France
- 6.3.7.1 France market, 2018 - 2030
- 6.3.7.2 France market by installation, 2018 - 2030
- 6.3.7.3 France market by application, 2018 - 2030
- 6.3.8 Spain
- 6.3.8.1 Spain market, 2018 - 2030
- 6.3.8.2 Spain market by installation, 2018 - 2030
- 6.3.8.3 Spain market by application, 2018 - 2030
- 6.3.9 Russia
- 6.3.9.1 Russia market, 2018 - 2030
- 6.3.9.2 Russia market by installation, 2018 - 2030
- 6.3.9.3 Russia market by application, 2018 - 2030
- 6.3.10 Norway
- 6.3.10.1 Norway market, 2018 - 2030
- 6.3.10.2 Norway market by installation, 2018 - 2030
- 6.3.10.3 Norway market by application, 2018 - 2030
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific market, 2018 - 2030
- 6.4.2 Asia Pacific market by installation, 2018 - 2030
- 6.4.3 Asia Pacific market by application, 2018 - 2030
- 6.4.4 China
- 6.4.4.1 China market, 2018 - 2030
- 6.4.4.2 China market by installation, 2018 - 2030
- 6.4.4.3 China market by application, 2018 - 2030
- 6.4.5 India
- 6.4.5.1 India market, 2018 - 2030
- 6.4.5.2 India market by installation, 2018 - 2030
- 6.4.5.3 India market by application, 2018 - 2030
- 6.4.6 Japan
- 6.4.6.1 Japan market, 2018 - 2030
- 6.4.6.2 Japan market by installation, 2018 - 2030
- 6.4.6.3 Japan market by application, 2018 - 2030
- 6.4.7 South Korea
- 6.4.7.1 South Korea market, 2018 - 2030
- 6.4.7.2 South Korea market by installation, 2018 - 2030
- 6.4.7.3 South Korea market by application, 2018 - 2030
- 6.4.8 Indonesia
- 6.4.8.1 Indonesia market, 2018 - 2030
- 6.4.8.2 Indonesia market by installation, 2018 - 2030
- 6.4.8.3 Indonesia market by application, 2018 - 2030
- 6.4.9 Thailand
- 6.4.9.1 Thailand market, 2018 - 2030
- 6.4.9.2 Thailand market by installation, 2018 - 2030
- 6.4.9.3 Thailand market by application, 2018 - 2030
- 6.4.10 Malaysia
- 6.4.10.1 Malaysia market, 2018 - 2030
- 6.4.10.2 Malaysia market by installation, 2018 - 2030
- 6.4.10.3 Malaysia market by application, 2018 - 2030
- 6.4.11 Australia
- 6.4.11.1 Australia market, 2018 - 2030
- 6.4.11.2 Australia market by installation, 2018 - 2030
- 6.4.11.3 Australia market by application, 2018 - 2030
- 6.5 Middle East & Africa
- 6.5.1 Middle East & Africa market, 2018 - 2030
- 6.5.2 Middle East & Africa market by installation, 2018 - 2030
- 6.5.3 Middle East & Africa market by application, 2018 - 2030
- 6.5.4 Kuwait
- 6.5.4.1 Kuwait market, 2018 - 2030
- 6.5.4.2 Kuwait market by installation, 2018 - 2030
- 6.5.4.3 Kuwait market by application, 2018 - 2030
- 6.5.5 Oman
- 6.5.5.1 Oman market, 2018 - 2030
- 6.5.5.2 Oman market by installation, 2018 - 2030
- 6.5.5.3 Oman market by application, 2018 - 2030
- 6.5.6 Saudi Arabia
- 6.5.6.1 Saudi Arabia market, 2018 - 2030
- 6.5.6.2 Saudi Arabia market by installation, 2018 - 2030
- 6.5.6.3 Saudi Arabia market by application, 2018 - 2030
- 6.5.7 UAE
- 6.5.7.1 UAE market, 2018 - 2030
- 6.5.7.2 UAE market by installation, 2018 - 2030
- 6.5.7.3 UAE market by application, 2018 - 2030
- 6.5.8 Qatar
- 6.5.8.1 Qatar market, 2018 - 2030
- 6.5.8.2 Qatar market by installation, 2018 - 2030
- 6.5.8.3 Qatar market by application, 2018 - 2030
- 6.5.9 South Africa
- 6.5.9.1 South Africa market, 2018 - 2030
- 6.5.9.2 South Africa market by installation, 2018 - 2030
- 6.5.9.3 South Africa market by application, 2018 - 2030
- 6.6 Latin America
- 6.6.1 Latin America market, 2018 - 2030
- 6.6.2 Latin America market by installation, 2018 - 2030
- 6.6.3 Latin America market by application, 2018 - 2030
- 6.6.4 Brazil
- 6.6.4.1 Brazil market, 2018 - 2030
- 6.6.4.2 Brazil market by installation, 2018 - 2030
- 6.6.4.3 Brazil market by application, 2018 - 2030
- 6.6.5 Argentina
- 6.6.5.1 Argentina market, 2018 - 2030
- 6.6.5.2 Argentina market by installation, 2018 - 2030
- 6.6.5.3 Argentina market by application, 2018 - 2030
Chapter 7 Company Profiles
- 7.1 CRYOSPAIN
- 7.1.1 Business overview
- 7.1.2 Financial data
- 7.1.3 Product landscape
- 7.1.4 Strategic outlook
- 7.1.5 SWOT analysis
- 7.2 Ability Engineering Technology, Inc.
- 7.2.1 Business overview
- 7.2.2 Financial data
- 7.2.3 Product landscape
- 7.2.4 SWOT analysis
- 7.3 INTECH GmbH
- 7.3.1 Business overview
- 7.3.2 Financial data
- 7.3.3 Product landscape
- 7.3.4 SWOT analysis
- 7.4 Cryogas Equipment Pvt. Ltd.
- 7.4.1 Business overview
- 7.4.2 Financial data
- 7.4.3 Product landscape
- 7.4.4 Strategic outlook
- 7.4.5 SWOT analysis
- 7.5 Demaco
- 7.5.1 Business overview
- 7.5.2 Financial data
- 7.5.3 Product landscape
- 7.5.4 SWOT analysis
- 7.6 Schwanner GmbH
- 7.6.1 Business overview
- 7.6.2 Financial data
- 7.6.3 Product landscape
- 7.6.4 SWOT analysis
- 7.7 PERMA-PIPE International Holdings, Inc.
- 7.7.1 Business overview
- 7.7.2 Financial data
- 7.7.3 Product landscape
- 7.7.4 SWOT analysis
- 7.8 Maxcon Industries Pty. Ltd
- 7.8.1 Business overview
- 7.8.2 Financial data
- 7.8.3 Product landscape
- 7.8.4 SWOT analysis
- 7.9 Cryoworld
- 7.9.1 Business overview
- 7.9.2 Financial data
- 7.9.3 Product landscape
- 7.9.4 SWOT analysis
- 7.10 TMK
- 7.10.1 Business overview
- 7.10.2 Financial data
- 7.10.3 Product landscape
- 7.10.4 SWOT analysis