
Middle East and Africa Vacuum Insulated Pipe Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Standard and Customized) and Application (Cryogenic, Food & Beverage, Aerospace, Electronic Manufacturing & Testing, and Others)
Description
Middle East and Africa Vacuum Insulated Pipe Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Standard and Customized) and Application (Cryogenic, Food & Beverage, Aerospace, Electronic Manufacturing & Testing, and Others)
The vacuum insulated pipe market in MEA is expected to grow from US$ 89.88 million in 2021 to US$ 113.96 million by 2028; it is estimated to grow at a CAGR of 3.4% from 2021 to 2028. Discoveries of new oil & gas reserves have gained pace in the region. According to Rystad Energy, in 2019, 12.2 billion barrels of oil equivalent were discovered across the MEA. There were 26 discoveries with over 100 barrels of oil equivalent in the same year, with offshore regions being enriched with the new oil & gas deposits. In the same month, Gazprom announced the discovery of a new gas deposit—Yamal shelf—at the Leningradskoye field. Thus, the rising number of discoveries of new offshore oil & gas reserves are expected to boost the construction of new plants, thereby bolstering the demand for new vacuum insulated pipes for cross-border transmission in the coming years.
The cryogenic segment led the MEA vacuum insulated pipe market, based on application, in 2020. Cryogenics involves the production, effect, and uses of materials at a very low temperature. At the cryogenic temperature, certain characteristics of the materials are altered, such as mechanical strength, ductility, thermal conductivity, and electrical resistance. Using the cryogenics technique, most of the gases used for industrial and commercial applications are stored in liquid form, which subsequently reduces the overall storage size while also reducing the associated cost of transportation. Furthermore, the potential hazards with regards to the gaseous state of industrial gases are also reduced. Thus, owing to the cost and storage benefits of cryogenics, the vacuum insulated pipe market is experiencing a significant growth.
During the COVID-19 pandemic, the MEA vacuum insulated pipe market is majorly affected by the disruption in the supply chain. Pertaining to the closure of country borders, the supply chain of several components and parts have been disturbed. The demand for vacuum insulated pipe has weakened over the past couple of months in MEA countries. This has resulted in a loss of business among the vacuum insulated pipe manufacturers and distributors offering their products to oil & gas and healthcare institutes.
The overall MEA vacuum insulated pipe market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the MEA vacuum insulated pipe market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data as well as to gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the MEA vacuum insulated pipe market. Air Liquide SA, Chart Industries Inc., Cryofab, and TMK are among the players operating in the market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA vacuum insulated pipe market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the MEA vacuum insulated pipe market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the vacuum insulated pipe market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
The vacuum insulated pipe market in MEA is expected to grow from US$ 89.88 million in 2021 to US$ 113.96 million by 2028; it is estimated to grow at a CAGR of 3.4% from 2021 to 2028. Discoveries of new oil & gas reserves have gained pace in the region. According to Rystad Energy, in 2019, 12.2 billion barrels of oil equivalent were discovered across the MEA. There were 26 discoveries with over 100 barrels of oil equivalent in the same year, with offshore regions being enriched with the new oil & gas deposits. In the same month, Gazprom announced the discovery of a new gas deposit—Yamal shelf—at the Leningradskoye field. Thus, the rising number of discoveries of new offshore oil & gas reserves are expected to boost the construction of new plants, thereby bolstering the demand for new vacuum insulated pipes for cross-border transmission in the coming years.
The cryogenic segment led the MEA vacuum insulated pipe market, based on application, in 2020. Cryogenics involves the production, effect, and uses of materials at a very low temperature. At the cryogenic temperature, certain characteristics of the materials are altered, such as mechanical strength, ductility, thermal conductivity, and electrical resistance. Using the cryogenics technique, most of the gases used for industrial and commercial applications are stored in liquid form, which subsequently reduces the overall storage size while also reducing the associated cost of transportation. Furthermore, the potential hazards with regards to the gaseous state of industrial gases are also reduced. Thus, owing to the cost and storage benefits of cryogenics, the vacuum insulated pipe market is experiencing a significant growth.
During the COVID-19 pandemic, the MEA vacuum insulated pipe market is majorly affected by the disruption in the supply chain. Pertaining to the closure of country borders, the supply chain of several components and parts have been disturbed. The demand for vacuum insulated pipe has weakened over the past couple of months in MEA countries. This has resulted in a loss of business among the vacuum insulated pipe manufacturers and distributors offering their products to oil & gas and healthcare institutes.
The overall MEA vacuum insulated pipe market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the MEA vacuum insulated pipe market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data as well as to gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the MEA vacuum insulated pipe market. Air Liquide SA, Chart Industries Inc., Cryofab, and TMK are among the players operating in the market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA vacuum insulated pipe market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the MEA vacuum insulated pipe market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the vacuum insulated pipe market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
85 Pages
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. MEA Vacuum Insulated Pipe Market Landscape
- 4.1 Market Overview
- 4.2 MEA PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. MEA Vacuum Insulated Pipe Market - Key Market Dynamics
- 5.1 Key Market Drivers
- 5.1.1 Supportive Clean Fuel Policies
- 5.1.2 Growth in Oxygen Consumption in Healthcare Sector
- 5.2 Key Market Restraints
- 5.2.1 Complications Associated with Cross-Border Transportation via Pipelines
- 5.3 Key Market Opportunities
- 5.3.1 Discovery of New Oil & Gas Reserves
- 5.4 Future Trends
- 5.4.1 Ongoing Technological Advancements in Exploration of Unconventional Oil & Gas Resources
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Vacuum Insulated Pipe Market - MEA Analysis
- 6.1 MEA Vacuum Insulated Pipe Market Overview
- 6.2 MEA Vacuum Insulated Pipe Market -Revenue and Forecast to 2028 (US$ Million)
- 7. MEA Vacuum Insulated Pipe Market Analysis - By Product
- 7.1 Overview
- 7.2 MEA Vacuum Insulated Pipe Market Breakdown, By Product Type, 2020 and 2028
- 7.3 Standard
- 7.3.1 Overview
- 7.3.2 Standard Market Revenue and Forecasts to 2028 (US$ Mn)
- 7.4 Customize
- 7.4.1 Overview
- 7.4.2 Customize Market Revenue and Forecasts to 2028 (US$ Mn)
- 8. MEA Vacuum insulated pipe Market Analysis - By Application
- 8.1 Overview
- 8.2 MEA Vacuum Insulated Pipe Market Breakdown, By Application, 2020 and 2028
- 8.3 Cryogenic
- 8.3.1 Overview
- 8.3.2 Cryogenic Market Revenue and Forecasts to 2028 (US$ Mn)
- 8.4 Food and Beverage
- 8.4.1 Overview
- 8.4.2 Food and Beverage Market Revenue and Forecasts to 2028 (US$ Mn)
- 8.5 Aerospace
- 8.5.1 Overview
- 8.5.2 Aerospace Market Revenue and Forecasts to 2028 (US$ Mn)
- 8.6 Electronic Manufacturing and Testing
- 8.6.1 Overview
- 8.6.2 Electronic Manufacturing and Testing Market Revenue and Forecasts to 2028 (US$ Mn)
- 8.7 Others
- 8.7.1 Overview
- 8.7.2 Others Market Revenue and Forecasts to 2028 (US$ Mn)
- 9. MEA Vacuum Insulated Pipe Market - Country Analysis
- 9.1 Overview
- 9.1.1 MEA: Vacuum Insulated Pipe Market- by Key Country
- 9.1.1.1 South Africa: Vacuum Insulated Pipe Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 South Africa: Vacuum Insulated Pipe Market- By Product
- 9.1.1.1.2 South Africa: Vacuum Insulated Pipe Market- By Application
- 9.1.1.2 Saudi Arabia: Vacuum Insulated Pipe Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 Saudi Arabia: Vacuum Insulated Pipe Market- By Product
- 9.1.1.2.2 Saudi Arabia: Vacuum Insulated Pipe Market- By Application
- 9.1.1.3 UAE: Vacuum Insulated Pipe Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 UAE: Vacuum Insulated Pipe Market- By Product
- 9.1.1.3.2 UAE: Vacuum Insulated Pipe Market- By Application
- 9.1.1.4 Rest of MEA: Vacuum Insulated Pipe Market - Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.4.1 Rest of MEA: Vacuum Insulated Pipe Market- By Product
- 9.1.1.4.2 Rest of MEA: Vacuum Insulated Pipe Market- By Application
- 10. MEA Vacuum Insulated Pipe Market- COVID-19 Impact Analysis
- 10.1 Overview
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 New Product Development
- 11.4 Merger and Acquisition
- 12. Company Profiles
- 12.1 Air Liquide SA
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Chart Industries, Inc.
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Cryofab
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 TMK
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 13. Appendix
- 13.1 About The Insight Partners
- 13.2 Word Index
- list of Tables
- Table 1. MEA Vacuum Insulated Pipe Market - Revenue, and Forecast to 2028 (US$ Million)
- Table 2. South Africa: Vacuum Insulated Pipe Market- By Product -Revenue and Forecast to 2028 (US$ Million)
- Table 3. South Africa: Vacuum Insulated Pipe Market- By Application -Revenue and Forecast to 2028 (US$ Million)
- Table 4. Saudi Arabia: Vacuum Insulated Pipe Market- By Product -Revenue and Forecast to 2028 (US$ Million)
- Table 5. Saudi Arabia: Vacuum Insulated Pipe Market- By Application -Revenue and Forecast to 2028 (US$ Million)
- Table 6. UAE: Vacuum Insulated Pipe Market- By Product -Revenue and Forecast to 2028 (US$ Million)
- Table 7. UAE: Vacuum Insulated Pipe Market- By Application -Revenue and Forecast to 2028 (US$ Million)
- Table 8. Rest of MEA: Vacuum Insulated Pipe Market- By Product -Revenue and Forecast to 2028 (US$ Million)
- Table 9. Rest of MEA: Vacuum Insulated Pipe Market- By Application -Revenue and Forecast to 2028 (US$ Million)
- Table 10. List of Abbreviation
- List of Figures
- Figure 1. MEA Vacuum Insulated Pipe Market Segmentation
- Figure 2. MEA Vacuum Insulated Pipe Market Segmentation - By Country
- Figure 3. MEA Vacuum Insulated Pipe Market Overview
- Figure 4. Standard Segment Held the Largest Market Share in 2020
- Figure 5. Cryogenic Held the Largest Market Share in 2020
- Figure 6. UAE was the Largest Revenue Contributor in 2020
- Figure 7. MEA - PEST Analysis
- Figure 8. Vacuum Insulated Pipe Market- Ecosystem Analysis
- Figure 9. Expert Opinion
- Figure 10. MEA Vacuum Insulated Pipe Market: Impact Analysis of Drivers and Restraints
- Figure 11. MEA Vacuum Insulated Pipe Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 12. MEA Vacuum Insulated Pipe Market Breakdown by Product Type, 2020 and 2028 (%)
- Figure 13. MEA Standard Market Revenue and Forecasts to 2028 (US$ Mn)
- Figure 14. MEA Customize Market Revenue and Forecasts to 2028 (US$ Mn)
- Figure 15. MEA Vacuum Insulated Pipe Market Breakdown by Application, 2020 and 2028 (%)
- Figure 16. MEA Cryogenic Market Revenue and Forecasts to 2028 (US$ Mn)
- Figure 17. MEA Food and Beverage Market Revenue and Forecasts to 2028 (US$ Mn)
- Figure 18. MEA Aerospace Market Revenue and Forecasts to 2028 (US$ Mn)
- Figure 19. MEA Electronic Manufacturing and Testing Market Revenue and Forecasts to 2028 (US$ Mn)
- Figure 20. MEA Others Market Revenue and Forecasts to 2028 (US$ Mn)
- Figure 21. MEA: Vacuum Insulated Pipe Market, By Key Country-Revenue 2020 (US$ Million)
- Figure 22. MEA: Vacuum Insulated Pipe Market Revenue Share, By Key Country (2020 and 2028)
- Figure 23. South Africa: Vacuum Insulated Pipe Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 24. Saudi Arabia: Vacuum Insulated Pipe Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 25. UAE: Vacuum Insulated Pipe Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 26. Rest of MEA: Vacuum Insulated Pipe Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 27. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Pricing
Currency Rates
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