According to the recent research report titled ‘Europe Vacuum Insulated Pipe Market Size By Product (Standard, Customized), By Application (Cryogenic, Food & Beverage, Aerospace, Electronic Manufacturing & Testing), Industry Analysis Report, Country Analysis, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020-2026’, available with Market Study Report, Europe vacuum insulated pipe market size was worth USD 250 million in 2019 and is expected to grow manifold over 2020-2026, observing an installation of 1400 km by the end of the forecast period.
 

Booming chemical, healthcare, and food processing industries, along with escalating demand for natural gas are the key factors propelling Europe vacuum insulated pipe market growth. Further, stringent energy efficiency mandates in developed countries are enhancing the industry outlook.
 

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Considering restraints, safety concerns related to cryogenic liquid are anticipated to hinder the industry expansion over the study period.
 

Elaborating on product type, standard segment was remunerated USD 200 million in 2019, creditable to wide product adoption due to low cost and ease of transportation. These are strong steel pipes with a vacuum between the inner and outer pipes. These pipelines are primarily used to transport nitrogen, LNG, and oxygen as well as large volumes of cryogenic liquid across long distances.
 

Based on application spectrum, cryogenic segment held major portion of Europe vacuum insulated pipe market share in the recent past and is anticipated to depict a similar trend in the upcoming years. Rising natural gas demand due to expansion of energy-intensive industries such as food & beverage, chemical, and refining. Furthermore, the business scenario will be positively influenced by rising inclination towards gas-based power generating stations owing to favorable regulatory measures and reducing dependency on coal-based power plants.
 

Meanwhile, food & beverage segment was worth USD 197.94 billion in 2018 and is expected to grow further, attributable to rising per capita income of customers and rising trade of packaged and frozen food products.
 

Regionally, France vacuum insulated pipe industry is projected to register 5% CAGR through 2026, creditable to rapid development of manufacturing sector and growing LNG trade. Development of the food & beverage, as well as chemical industries due to supportive government initiatives are also adding the regional market development. Moreover, increased government and private sector investments in the aerospace industry, including aircraft, space programs, and military testing, will have a favorable impact on product demand.
 

Air Liquide S.A., Cryo Anlagenbau GmbH, Majus Ltd., SPS Cryogenics B.V., Thames Cryogenics Ltd., Kelvin Technology Inc., Vacuum Barrier Corp., Cryoworld B.V., TMK Group, Demaco Holland B.V., Cryofab Inc., Brugg Group AG, and Chart Industries Inc. are the top companies influencing Europe vacuum insulated pipe market dynamics.