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Large Bore Vacuum Insulated Pipe Market Size Worth US$ 169.3 Million with 7.6% CAGR by 2034: Fact.MR Report

06-17-2025 07:44 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Large Bore Vacuum Insulated Pipe Market

Large Bore Vacuum Insulated Pipe Market

The global large bore vacuum insulated pipe market is projected to grow from US$ 81.4 million in 2024 to US$ 169.3 million by 2034, registering a CAGR of 7.6% during the forecast period.

Rising demand from the energy, aerospace, healthcare, and manufacturing industries is driving market expansion. These sectors increasingly depend on specialized insulated piping systems to ensure the safe and efficient transport of cryogenic fluids, including liquefied natural gas (LNG) and liquid nitrogen.

For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9900

Challenges Faced by Large Bore Vacuum Insulated Pipe Manufacturers

"Complex Production Process and High Installation & Maintenance Costs"

Manufacturers of large bore vacuum insulated pipes face significant challenges, particularly due to the complexity of production and the high costs tied to installation and upkeep.

These pipes must endure extreme cryogenic temperatures, requiring precise engineering, careful material selection, and meticulous installation to ensure safety and performance. Maintenance is equally demanding, often requiring skilled technicians and specialized tools, which adds to operational expenses.

To address these hurdles, manufacturers are working to optimize production workflows, enhance modular designs, and lower total lifecycle costs, aiming to make these systems more cost-efficient and accessible across key sectors. Despite the obstacles, their critical role in cryogenic transport continues to drive innovation and R&D investment in the industry.

Country-wise Insights

In the United States, demand for large bore vacuum insulated pipes is witnessing steady growth, primarily driven by industrial expansion and increasing applications in energy, healthcare, and aerospace sectors.

The U.S. is projected to account for 77.6% of the North American market share in 2024, underscoring its dominant position in the region. The country's focus on advanced infrastructure, cryogenic transport solutions, and energy efficiency continues to support strong adoption of these specialized piping systems.

Category-wise Evaluation

Cryogenic pipes are engineered to transport extremely low-temperature fluids like liquefied natural gas (LNG), liquid hydrogen, and liquid nitrogen. Their advanced insulation capabilities ensure minimal heat transfer and prevent fluid vaporization, making them essential for maintaining the integrity of cryogenic materials during transport.

As global demand for cryogenic fluids-particularly LNG-continues to rise, driven by their increasing applications in energy, manufacturing, and transportation sectors, the need for reliable cryogenic piping systems is also expanding. This trend is significantly boosting the large bore vacuum insulated pipe market, as industries seek safe and efficient infrastructure to handle these sensitive materials.

Industry Competition

Key players in the large bore vacuum insulated pipe market-including Ability Engineering Technology, Inc., CRYOSPAIN, INTECH GmbH, Demaco, Schwanner GmbH, Empower, Cryogas Equipment Pvt. Ltd., PERMA-PIPE International Holdings, Inc., Cryoworld, Maxcon Industries Pty. Ltd., and TMK-are actively working to expand operations and reinforce their competitive standing.

Many are pursuing strategic acquisitions of high-value products to broaden portfolios, enhance technological capabilities, and capitalize on market opportunities. These efforts are shaping new trends in the market, with each company contributing its unique expertise and innovations.

In March 2022, PERMA-PIPE secured a US$ 15.5 million contract in Egypt and Saudi Arabia to deliver advanced insulated piping systems, including its XTRU-THERM insulation and PermAlert leak detection technologies.

That same month, Empower signed a US$ 52.5 million contract to build a modern district cooling (DC) plant in the DLRC area, aligned with eco-friendly goals. The plant, upon full completion, is expected to reach a capacity of approximately 47,000 RT, highlighting the industry's push toward sustainability and innovation.

Browse Full Report: https://www.factmr.com/report/large-bore-vacuum-insulated-pipe-market

Key Segments of Large Bore Vacuum Insulated Pipe Market Research

By Installation Type :
Above Ground
Underground
Under Sea
By End Use :
Cryogenic
Aerospace
Chemicals
By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa

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Email: sales@factmr.com

About Fact.MR

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

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