Vacuum Insulated Pipe Market Segmentation:
Product Segment Analysis
The customized VIP segment is anticipated to garner approximately 65% of the vacuum insulated pipe market share during the forecast period. VIPs designed for specific standards enhance efficiency and performance in various sectors. These custom solutions make it easy to integrate into the existing infrastructure, and they meet specific spatial requirements. This ability for customization results in their extensive use in niche industries. According to the Hydrogen Delivery Roadmap published by the U.S. Department of Energy, there exists widespread hydrogen delivery infrastructure, such as pipelines, tube trailers, and cryogenic liquid trucks, that enable the efficient transportation of hydrogen. Having over 2,100 kilometers of dedicated high-pressure vacuum insulated pipes, high-pressure tube trailers, with the capacity to carry up to 600 kg of hydrogen, the infrastructure requires more customized vacuum insulated pipes to accommodate the diverse spatial and technical demands required by the expansion of the hydrogen-related industry, and the fueling of sophisticated energy applications.
Material Segment Analysis
The stainless-steel segment is expected to occupy 48% share of the vacuum insulated pipe market by 2037. The superior mechanical strength, corrosion resistance, and insulating properties of stainless steel make it the preferred material for VIPs in harsh environments. It provides durable performance and reduces maintenance in harsh conditions. The ability of stainless steel to withstand high degrees of temperature variation increases its importance in cryogenic transport. For instance, Brugg Pipes offers vacuum-insulated corrugated stainless-steel piping that is specifically used in cryogenic services. Their pipes are exceptionally durable and low-maintenance in the harsh conditions, with superior superinsulation and a pressure stability of up to 30 bars. These stainless-steel pipes maintain the safe and efficient transportation of cryogenic liquids like liquid hydrogen and LNG, and provide performance and reliability according to the strict requirements of the industry.
End User Segment Analysis
The cryogenic industry segment is expected to grow significantly over the forecast years by 2037, owing to the growing LNG trade, the growing hydrogen economy, and the growth in investments in aerospace, healthcare, and food and beverage. The U.S. National Hydrogen Strategy and Roadmap (June 2023) includes the vision of the extended hydrogen infrastructure development in the U.S., which focuses on mass hydrogen production, transportation, and storage. It aims at scalable delivery systems, such as cryogenic liquid hydrogen, which would necessitate the use of vacuum insulated pipes (VIP) that would be necessary to keep the temperatures low. The roadmap identifies objectives to expand hydrogen application to other sectors by 2030 and beyond to enable VIP growth in cryogenic storage and transport infrastructure needed to support clean energy transitions.
Our in-depth analysis of the vacuum insulated pipe market includes the following segments:
|
Segment |
Subsegments |
|
Type |
|
|
Product |
|
|
Material |
|
|
End user |
|