Vacuum Insulated Pipe Market Market Share

APAC Market Analysis

The APAC vacuum insulated pipe market is predicted to hold 36% of the revenue share by the end of 2036 owing to the increasing urbanization in this region. Moreover, smart cities are increasing in this region. As of January 2023, Hangzhou in China had the highest yearly metropolitan population expansion rate among megacities in the Asia-Pacific region, at 5.5 percent. On the other hand, all three Japanese megacities Tokyo, Nagoya, and Osaka had the lowest yearly population expansion rates across APAC, with Osaka's population decreasing by 0.05 percent as of January 2023. Quick urbanization as well as economic expansion has led to a 10% yearly growth in total installed electricity production capability. Furthermore, with electricity from non-renewables, the state is creating extra electricity production potential through renewable sources.

North American Market Statistics

The North America vacuum insulated pipe market will also encounter a significant surge by the end of the forecast period owing to the increasing industrialization and construction-related investment. Approximately 48% of new investment declarations are energy-associated, with USD 140 billion in fresh private capital set on electric vehicle and battery manufacturing and USD 82 billion committed to clean energy production. Though biomanufacturing and heavy industry investments give a reason for a comparatively low share of investment dollars, they still show a quarter of all investment projects.