Asia Pacific Vacuum Insulated Pipe Market Outlook and Strategic Insights by 2028
Asia Pacific Vacuum Insulated Pipe Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Standard and Customized) and Application (Cryogenic, Food & Beverage, Aerospace, Electronic Manufacturing & Testing, and Others)
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028- Report Date : Mar 2022
- Report Code : TIPRE00027744
- Category : Manufacturing and Construction
- Status : Published
- Available Report Formats :
- No. of Pages : 98
The vacuum insulated pipe market in APAC is expected to grow from US$ 315.43 million in 2021 to US$ 499.77 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2021 to 2028.
Discoveries of new oil & gas reserves have gained pacein the whole region. According to Rystad Energy, in 2019, 12.2 billion barrels of oil equivalent were discovered across the region. There were 26 discoveries with over 100 barrels of oil equivalent in the same year, with offshore regions being enriched with the new oil & gas deposits. In the same month, Gazprom announced the discovery of a new gas deposit—Yamal shelf—at the Leningradskoye field. Thus, the rising number of discoveries of new offshore oil & gas reserves are expected to boost the construction of new plants, thereby bolstering the demand for new vacuum insulated pipes for cross-border transmission in the coming years.Asia Pacific is characterized by the presence of a large number of developing countries, positive economic outlook, high industrial presence, and huge population. All these factors make APAC a major region for the growth of various markets including vacuum insulated pipe. The lockdown of various plants and factories in all economies of the region is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various products and services. In addition to this, the region is a global manufacturing hub with countries, such as China, Japan, and South Korea leading the global manufacturing industry growth. Disruptions in manufacturing units has stopped the production of new vacuum insulated pipe, thus negatively impacted the market growth. On the contrary, the government is lifting lockdowns in all the countries, which is projected to positively impact the production and development of vacuum insulated pipes systems.With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the vacuum insulated pipe market. The APAC vacuum insulated pipe market is expected to grow at a good CAGR during the forecast period.
APAC Vacuum Insulated Pipe Market Revenue and Forecast to 2028 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
APAC Vacuum Insulated Pipe Market Segmentation
APAC Vacuum Insulated Pipe Market – By Product
- Standard
- Customized
APAC Vacuum Insulated Pipe Market – By Application
- Cryogenic
- Aerospace
- Electronic Manufacturing and Testing
- Food and Beverage
- Others
APAC Vacuum Insulated Pipe Market- By Country
- China
- Japan
- South Korea
- India
- Australia
- Rest of APAC
APAC Vacuum Insulated Pipe Market-Companies Mentioned
- Air Liquide SA
- Chart Industries Inc.
- Cryeng Group Pty Ltd.
- Cryofab
- Demaco
- TMK
Asia Pacific Vacuum Insulated Pipe Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 315.43 Million |
| Market Size by 2028 | US$ 499.77 Million |
| CAGR (2021 - 2028) | 6.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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