Vacuum Insulated Piping Market – Industry Analysis and Forecast | Technavio

The latest market research report by Technavio
on the global
vacuum insulated piping market predicts a CAGR of over 5%
during the period 2018-2022.

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Technavio has published a new market research report on the global vacuum insulated piping market from 2018-2022. (Graphic: Business Wire)

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

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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.

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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.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20180323005339/en/

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