The report segments the global vacuum insulated piping market by application (LNG transportation and distribution, food and beverage packaging and freezing, aerospace, and electronic manufacturing and testing) and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global vacuum insulated piping market, according to Technavio heavy industry researchers:
- Growth in global LNG trade: a major market driver
- Development of the rapid surface chilling process for poultry industry: emerging market trend
- In 2017, APAC held the largest share of the global vacuum insulated piping market, accounting for more than 45% share
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
Growth in global LNG trade: a major market driver
The growth in global LNG trade is one of the major factors driving the global vacuum insulated piping market. As LNG involves fewer emissions and is the foremost substitute for coal, the global LNG trade has been increasing over the last few years. The market was driven by the high demand for natural gas across the globe. With increased focus on climatic changes and carbon emission, there has been a major surge in the use of renewable energy sources.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Development of the rapid surface chilling process for poultry industry: emerging market trend
Food poisoning issues are an increasing concern in the food industry. They are caused due to the lack of proper food processing. This is mainly because of the various bacteria present in the food items. For instance, campylobacter bacterium is a key cause of food poisoning in the UK. This bacterium usually spreads through raw chicken and causes fever, abdominal pain and diarrhea, vomiting, and nausea.
According to a senior analyst at Technavio for research on tools and components, “A method that involves the rapid chilling of poultry using cryogenic vapor has been developed to eradicate the issue of food poisoning. The first industrial trial of this method successfully reduced the campylobacter bacterium up to 90%. The cryogenic process involves the delivery of cryogenically cooled liquid nitrogen at -196℃. The use of nitrogen in the chilling process of the food does not affect the taste or texture of the meat.”
Global market opportunities
In 2017, APAC held the largest share of the global vacuum insulated piping market, accounting for over 45% of the overall share of the market. It was followed by EMEA and the Americas. The vacuum insulated piping market in APAC is expected to project the highest growth rate during the forecast period. The demand for vacuum insulated piping in the region will be driven by rapid growth in applications such as LNG transportation, food and beverage packaging and freezing, and electronic manufacturing and testing.
Technavio’s best deals of the month!
Mark the beginning of spring with Technavio. Get 30% discount on all energy reports. Offer valid from 12th March for a limited period.
Get 20% off on all media and entertainment services reports. Offer valid only till the 31st of March.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.