LONDON–(BUSINESS WIRE)–According to the latest market research report released by Technavio, the global vacuum insulated piping market is expected to accelerate at a CAGR of over 5% during the forecast period. Development in the global LNG trade is one of the key factors triggering the growth of the market.
This research report titled ‘Global Vacuum Insulated Piping Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global vacuum insulated piping market into the following regions:
In 2017, the APAC region accounted for 45% of the global market and is projected to reach 47% by 2022, exhibiting almost 2% increase in market share.
Global vacuum insulated piping market: Top emerging trend
The development of the rapid surface chilling process for poultry industry is a key trend in the global vacuum insulated piping market. Food poisoning issues are a rising concern in the food industry because of the lack of proper food processing. This is mainly because of the various bacteria present in the food items. For instance, the Campylobacter bacterium is a major cause of food poisoning in the UK.
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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.
Technavio’s report provides expert market research on the following topics:
- Market Outline
- Global Vacuum Insulated Piping Market Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by application (LNG transportation and distribution, food and beverage packaging and freezing, aerospace, and electronic manufacturing and testing)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Acme Cryogenics, Chart Industries, Cryofab, Cryotherm, and TMK Group)
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