Report Code: A15865 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Vacuum Insulated Pipe Market
Request Now !The vacuum insulated pipe market is expected to increase in the coming years due to its increase in demand. Cryogenic liquids, such as hydrogen, oxygen, natural gas, and other liquid gases, are transported through vacuum-insulated pipes at extremely low temperatures. During the transfer procedure, these cryogens must be kept cold, or some of the liquid becomes gaseous and or leaks out. An inner and an outer stainless-steel pipe make up vacuum insulated pipe. The cryogenic liquid is carried in the inner pipe. Multiple layers of super insulation are wrapped around it, with alternating layers of a heat barrier and a non-conductive spacer. This creates a static vacuum shield by creating a distance between the two pipes that is "pumped down" with a vacuum pump. The vacuum barrier prevents heat loss from conduction, convection, and radiation in cryogenic liquid. A getter material, in addition, to the superconducting insulating material collects out-gassed molecules to protect the vacuum even more. Furthermore, exterior and internal expansion joints are employed to compensate for thermal contraction in the inner pipe, depending on the system design pressure. Cryogenic, electronic manufacturing and testing, aerospace, and food and beverage sectors all use vacuum insulated pipes. When working with cryogenic liquids, the biggest enemy is heat gain, which equals lost money. By using vacuum as its insulating medium, vacuum insulated pipe avoids this difficulty. When compared to foam, VIP reduces heat gain.Â
COVID-19 Impact Analysis
Top Impacting Factors
The vacuum insulated pipe market is driven by ongoing investments in the aerospace industry, as well as the increase in LNG trading. Continuous investments in the food & beverage, aerospace, and semiconductor industries have produced a favourable business environment for specialized vacuum insulated pipes. The goods are widely employed in the aerospace, semiconductor, and food and beverage industries, presenting enormous prospects for vacuum insulated pipe penetration. These pipes are custom-made to meet the needs of each individual customer and are used to control the flow of cryogenic liquid at the end-user location. Furthermore, the industry's growth is fueled by the rise in oxygen use in the healthcare business, as well as the rise in demand for packaged foods, meat, and dairy products. Government rules and mandates for environmental protection is expected to subsequently promote natural gas uptake, which boosts the demand for vacuum insulated pipes. However, the high cost involved in the manufacturing of vacuum insulated pipe is a restraint for the market to grow. Accelerating spending on natural gas infrastructure as a result of an increase in gas-based generating capacity increases, which has created advantageous economic prospects. Furthermore, the rise in demand for packaged and frozen food goods, as well as strong expansion in the chemical industry, particularly in emerging economies, is expected to have a beneficial impact on the corporate landscape in the coming years.
Market Trends
Key Benefits of Report
Vacuum Insulated Pipe Market Report Highlights
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Key Market Players | Cryofab, TMK, Air Liquide, Cryeng Group Pty Ltd., Cryowork, Inc, Acme Cryogenics, Chart Industries Inc., Demaco, Sps Cryogenics B.V., Senior Flexonics |
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