North America Vacuum Insulated Pipe Market Size is projected to witness growth on account of increasing LNG trade and growing investments across aerospace industry. Ongoing expansion of natural gas infrastructure coupled with increasing gas-based generation capacity additions will propel the product penetration. Moreover, robust growth across chemical industry along with increasing demand for packaged and frozen food products will augment the business landscape.
Growing development of Tier II & III cities along with increasing inter-regional trade activities will drive the industry across the U.S. Rapid development of manufacturing sector coupled with growing demand for LNG will positively influence the industry landscape. Increasing applicability across aerospace, food & beverage and semiconductor industry will complement the business outlook.
Introduction of stringent government regulations for environmental protection will increase the adoption of natural gas which in turn will stimulate standard vacuum insulated pipe market. Shifting trends toward gas-based economy along with development of new gas-fired power generating stations will accelerate the product demand. Ongoing technical advancements toward the exploration of oil & gas resources to avoid the demand-supply mismatch will fuel the industry potential.
Accelerating expansion of the industries including cryogenic, electronics manufacturing & testing along with rapid growth in the infrastructure sector will boost the Canada vacuum insulated pipe market. Increasing consumption of oxygen across healthcare industry coupled with growing demand for meat, packaged items and dairy products will further enhance the industry outlook. Growing demand for cryogenic liquid including nitrogen, oxygen, LNG and helium will propel the installation of these pipes.
Longer service life, minimal maintenance, low heat losses and ease of expansion are the key features complementing the product deployment over the other available counterparts. The combination of supportive clean fuel policies in line with government mandates toward the adoption of sustainable systems will augment the business landscape. However, outbreak of COVID- 19 pandemic has adversely affected the economies across the region.
The accelerating funding toward expansion of aerospace sector including passenger aircrafts, space shuttles, light combat aircrafts and other military programs will strengthen the product portfolio. Continuing government initiatives to offer health services to residents coupled with growing investments by private and public companies across the sector will amplify the business landscape.
The major players operating across the North America vacuum insulated pipe market includes Chart Industries, Air Liquide, Cryofab, Demaco, Cryoworld, Vacuum Barrier, Thames Cryogenic, Acme Cryogenics, SPS Cryogenics, Flexonics, Cryo Anlagenbau and Cryeng Group Pty Ltd. The industry players are extensively investing toward mergers and joint ventures to expand their presence. Moreover, various technological collaborations and robust research & development activities are the key strategies adopted by the players.