• The global Vacuum Jacketed Pipe (VIP) System market was valued at $359.52 million in 2023 and is projected to reach $513.59 million by 2030, growing at a CAGR of 5.06% from 2024 to 2030. In terms of sales volume, the market is expected to increase from 859.0 Km in 2023 to 1,258.7 Km by 2030, with a CAGR of 5.58% during the forecast period.
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• Vacuum Jacketed Pipe (VIP) Systems are specialized piping solutions designed to efficiently transport cryogenic liquids, such as liquid nitrogen, oxygen, and natural gas. These systems utilize a vacuum-insulated jacket to minimize heat transfer, reducing liquid boil-off and enhancing efficiency in various industrial applications. VIP systems are widely used in industries such as pharmaceuticals, food and beverage, LNG distribution, and semiconductor manufacturing, where temperature-sensitive fluid transfer is critical.
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