Several government authorities across the region are supporting and enforcing clean fuel policies in their respective areas. These initiatives aim to reduce the use of conventional fuels in transportation. Consequently, natural gas is expected to rapidly emerge as an alternative fuel, becoming the second-largest contributor to the energy mix with a 25% share by 2045. Therefore, the increase in government initiatives to adopt clean fuel policies is driving the demand for LNG, which in turn is boosting the adoption of vacuum insulated pipes in oil and gas plants.
In South America, governments have taken various actions to protect their citizens and contain the spread of COVID-19. Brazil, followed by Argentina, Chile, and Peru, plays a significant role in natural gas production. Due to the pandemic, the natural gas production business declined, and there was a decrease in the procurement of advanced systems, negatively impacting the market. However, as business activities have resumed in South American countries, the demand for vacuum insulated pipes in natural gas plants is projected to gradually increase.
South America Vacuum Insulated Pipe Market
Size, by Product, - (USD Billion)
Standard
Customized
Other Products
The Market will Grow
At the CAGR of:
2.9%
The Forecast Market
Size for in USD:
$XX
Market Opportunity:
Investments in the Food and Beverage, Aerospace, and Semiconductor Industries
Ongoing investments in the food and beverage, aerospace, and semiconductor industries have created a favorable business environment for specialized vacuum insulated pipes. These products are widely used across these sectors, offering significant opportunities for market penetration. Designed to meet the specific needs of each customer, vacuum insulated pipes control the flow of cryogenic liquid at end-user locations.
Additionally, regions such as North America and Europe are experiencing considerable growth due to expanding manufacturing bases and increased LNG consumption. The rising use of oxygen in the health sector and growing demand for packaged foods, meat, and dairy products are further driving industrial production.
The vacuum insulated pipe market is expected to grow significantly due to an increase in partnerships and acquisitions. Demand for these pipes is rising rapidly across various sectors. Large corporations are focusing on adopting this technology to efficiently transport and store cryogenic liquids. Market participants are collaborating with established vacuum insulated pipe manufacturers or engaging in acquisition activities to support buyers. These partnerships and acquisitions enable companies to adopt better technology for the safe and cost-effective transfer of cryogenic liquids.
South America Vacuum Insulated Pipe Market
Share, by end user, (USD Billion)
52.01 Million %
Cryogenic
Food & Beverage
Aerospace
Other End-Users
XX
Total Market Size
USD (Billion),
2.9%
CAGR
-
South America Vacuum Insulated Pipe Market Key Players:
Acme Cryogenics Inc (US)
Chart Industries Inc (India)
Concept Group LLC (India)
Cryo Anlagenbau GmbH (Germany)
Cryogenic Specialty Manufacturing (Malaysia)
Demaco Holland BV (Netherlands)
Senior Flexonics Inc (USA)
SPS Cryogenics B.V. (Netherland)
Cryofab (US)
PAO TMK (Russia)
PHPK Technologies (US)
Thames Cryogenics Ltd (UK)
Product (Standard, Customized)
The standard segment of the vacuum insulated pipe market is projected to experience significant growth during the forecast period, capturing a 60% revenue share. This growth is driven by the global expansion of the construction industry, which increasingly utilizes these pipes in buildings. In 2021, 1,337,800 housing units were constructed, marking a 4% increase compared to 2020. This includes residential buildings valued at approximately USD 483 billion, non-residential buildings at about USD 473 billion, and other construction types worth nearly USD 273 billion. When surveyed, 60% of construction executives anticipated industry growth in 2023, with 8% expecting substantial growth and 52% predicting moderate expansion.
The LNG segment is expected to hold the highest revenue share in the vacuum insulated pipe market, reaching almost 54% by the end of 2036. The increasing demand for LNG across various sectors will drive this growth. According to the World LNG Report 2022, LNG is traded by 40 importing countries and 19 exporting markets. In 2021, the global liquefaction capacity was 459.9 MTPA, an increase of 6.9 MTPA compared to the previous year. The potential for LNG in Africa is particularly notable, with 123.9 MTPA of liquefaction capacity awaiting final investment decisions (FID), highlighting the region's significant growth prospects.
South America Vacuum Insulated Pipe Market
Size, by Product, - (USD Billion)
The Market will Grow
At the CAGR of:
2.9%
The Forecast Market
Size for in USD:
$XX
SAM Vacuum Insulated Pipe Market Segmentation
SAM Vacuum Insulated Pipe Market – By Product
Standard
Customized
SAM Vacuum Insulated Pipe Market – By Application
Cryogenic
Aerospace
Electronic Manufacturing and Testing
Food and Beverage
Others
SAM Vacuum Insulated Pipe Market- By Country
Brazil
Argentina
Rest of SAM
SAM Vacuum Insulated Pipe Market-Companies Mentioned
Air Liquide SA
Chart Industries Inc.
Cryofab
TMK
South America Vacuum Insulated Pipe Market TO (USD BN)
CAGR OF
2.9%
South America Vacuum Insulated Pipe Market
XX%
South America Vacuum Insulated Pipe Market - Global Outlook & Forecast -
The identification of key products in any market is pivotal for understanding what drives consumer interest, technological innovation, and competitive advantage. Here’s how to approach this:
Market Analysis Reports: Start with syndicated market analysis reports from firms like Nielsen, Euromonitor, or specialized industry analysts. These reports often highlight leading products based on sales data, innovation, and consumer feedback.
Patent Filings: Reviewing patent filings can provide insight into technological innovations and future products that may impact the market. Databases like the United States Patent and Trademark Office (USPTO) or the World Intellectual Property Organization (WIPO) can be invaluable.
Ecommerce Platforms and Retailer Websites: Analyzing bestselling products and customer reviews on platforms such as Amazon, Flipkart, or direct retailer websites can offer direct insights into consumer preferences and product popularity.
Consumer Surveys and Feedback: Conducting surveys or analyzing online forums and social media can reveal consumer preferences, pain points, and desired features in products. Tools like SurveyMonkey, Google Surveys, or social listening platforms can facilitate this process.
Segmenting the Market and Products
Market and product segmentation is crucial for targeting marketing efforts and product development. Here’s a methodology for segmenting based on technical specifications:
Technical Specifications Review: Compile a comprehensive list of products within the market, focusing on their technical specifications. This could involve processor speeds for electronics, ingredients for food products, or material composition for apparel.
Factor Analysis: Use statistical techniques like factor analysis to group products based on shared technical specifications. This method helps identify underlying relationships between different specifications and how they cluster together.
Expert Consultation: Engage with industry experts or technical specialists to ensure that the segmentation makes sense from both a market and a technical perspective. This step ensures the practical relevance of the segments identified.
Identifying and Classifying Key Application Segments
Understanding how products are used in different applications is essential for market strategy:
Use Case Analysis: Identify common use cases for products by reviewing product literature, customer testimonials, and case studies. This helps understand the variety of applications each product serves.
Industry Surveys: Conduct surveys targeting professionals in the field to understand how and why certain products are preferred in specific applications. This can also reveal unmet needs in the market.
ApplicationBased Segmentation: Group products based on their primary applications, considering factors such as industry use, consumer vs. professional use, and environmental conditions.
Calculating Market Size Using TopDown and BottomUp Approaches
Estimating the market size accurately is fundamental for strategic planning:
TopDown Approach: Start with global industry data and narrow down to the target market by applying known market shares or segmentation percentages. Industry reports and financial databases are key sources for this approach.
BottomUp Approach: Aggregate sales data or unit shipments from all known market participants. This might require gathering data from company reports, industry associations, and sales channels.
Combining Approaches: Validate the market size estimates by comparing the results from both approaches. Discrepancies can highlight areas requiring further investigation.
Calculating the CAGR for the Market
The Compound Annual Growth Rate (CAGR) is a useful measure to understand market growth over time:
Historical Sales Data: Gather historical sales or market size data over a defined period. Public company filings, industry reports, and government databases can be sources for this data.
CAGR Formula: Apply the CAGR formula \[CAGR = (EV/BV)^{1/n} 1\], where EV is the end value, BV is the beginning value, and n is the number of periods.
Segment and Overall Market CAGR: Calculate CAGR for both the overall market and individual segments to understand growth patterns.
Sources for Secondary or Desk Research
Identifying the right sources is crucial for accurate desk research:
Industry and Market Research Reports: Sources like IBISWorld, Statista, and Frost & Sullivan offer comprehensive industry reports.
Government and International Organizations: Websites of the U.S. Census Bureau, World Bank, and OECD provide economic and industry specific data.
Academic Journals: Platforms like Google Scholar and JSTOR can offer peer reviewed articles on market trends and consumer behavior.
News Archives and Trade Publications: Stay informed on industry developments through sources like Bloomberg, Reuters, and specific trade journals relevant to the market in question.
Each of these steps requires careful consideration and a systematic approach to ensure that the market research report is robust, insightful, and actionable.
We asked them to research ‘ Equipment market’ all over the world, and their whole arrangement was helpful to us. Analytica.global insightful analysis and reports contributed to our current analysis and in creating a future strategy. Besides, the te
Yosuke Mitsui
Senior Associate Construction Equipment Sales & Marketing
We asked them to research ‘Equipment market’ all over the world, and their whole arrangement was helpful to us. Analytica.global insightful analysis and reports contributed to our current analysis and in creating a future strategy. Besides, the te
Yosuke Mitsui
Senior Associate Construction Equipment Sales & Marketing
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