Vacuum Insulated Tubing Market Forecast to 2030

Report Code : TIPRE00029911 | Region : Global | Industry : Manufacturing and Construction | Published Date : 11/Jul/2023
Vacuum Insulated Tubing Market Forecast to 2030 - COVID-19 Impact and Global Analysis by Application (Onshore and Offshore)

The global vacuum insulated tubing market was valued at US$ 35.71 million in 2022; it is expected to grow at a CAGR of 7.3% during the forecast period, to reach US$ 61.38 million by 2030.

Vacuum insulated tubing manufacturers are key stakeholders in the global vacuum insulated tubing market. A few of the key vacuum insulated tubing market players in the market are Andmir Group, Exceed Oilfield Equipment Inc, Imex Canada Inc, ITP Interpipe, Lake Petro, Dongying Lake Petroleum Technology CO Ltd, Nakasawa, Shengji Group, Tenergy Equipment & Service Ltd, TMK Group, and Vallourec. The end users of vacuum insulated tubing include oil producer companies such as ExxonMobil Corporation, Shell plc, Saudi Aramco, China Petroleum & Chemical Corporation, Chevron Corporation, BP plc, and more.

Based on country, the North America vacuum insulated tubing market is segmented into the US, Canada, and Mexico. North America is one of the leading oil-producing regions globally. The US and Canada are major oil producers, with significant reserves and advanced extraction techniques such as hydraulic fracturing (fracking) and horizontal drilling. According to Energy Information Administration (EIA) report, ~100 countries across the globe produce crude oil; of these 100 countries, the top five countries contribute to the 51% share of overall crude oil production in 2021. The US and Canada contribute 14.5% and 5.8% of total global crude oil production, respectively.

Low-cost assets, reduced production costs, and a rise in oil-well efficiencies are contributing to the growth of the oil & gas industry in this region. As a result, the vacuum insulated tubing market players in the oil & gas industry are investing considerable amounts to increase their market share. Thus, rising investment in the oil & gas industry is expected to offer the vacuum insulated tubing market growth opportunities in the coming years.

Impact of COVID-19 Pandemic on Vacuum Insulated Tubing Market

The COVID-19 pandemic adversely affected the global oil & gas industry due to disruptions in supply chain activities and the imposition of strict regulations on international trade by several countries to combat the spread of novel coronavirus. Furthermore, oil and gas prices increased significantly during the pandemic due to limited demand across the world.

Material sourcing and operations of raw material suppliers were hindered due to the COVID-19 pandemic. The raw material suppliers faced several challenges related to remote operations, transportation services, and internal production operations that were largely interrupted due to a lack of manpower and other resources during the pandemic. All these factors increased the demand and supply gap between raw material suppliers and vacuum insulated tubing manufacturers across the world in 2020. Further, the market reported a gradual revival from supply chain disruptions in Q2 of 2020 as manufacturers started adopting to the new normal scenarios of manufacturing in vacuum insulated tubing market.

In the Middle East & Africa (MEA), the UAE, Saudi Arabia, Iran, Oman, and Kuwait are among the key countries affected by the COVID-19 pandemic. Most economic operations in the region were suspended due to an increase in the number of COVID-19 cases in the first two quarters of 2020. Many countries in Africa are still in the developing phase. Countries in the Middle East, especially the Gulf Cooperation Council (GCC) countries, witnessed a notable decline in the oil & gas sector due to a sharp drop in oil demand from major end-user countries across Asia, Europe, and North America. As a result, countries in the MEA registered a low volume of oil and gas production during 2020, which subsequently hampered the vacuum insulated tubing market growth. Further, as the regulations of COVID-19 pandemic has been removed the vacuum insulated tubing market growth started to recover from the losses incurred during the pandemic.

Andmir Group, Exceed Oilfield Equipment Inc, Imex Canada Inc, ITP Interpipe, Lake Petro, Dongying Lake Petroleum Technology CO Ltd, Nakasawa, Shengji Group, Tenergy Equipment & Service Ltd, TMK Group, and Vallourec. are a few vacuum insulated tubing market players.

The List of Companies - Vacuum Insulated Tubing Market

● Andmir Group

● Exceed Oilfield Equipment Inc

● Imex Canada Inc

● ITP Interpipe

● Dongying Lake Petroleum Technology Co Ltd

● Nakasawa Resources

● Shengji Group

● Tenergy Equipment and Service Ltd

● TMK Group

● Vallourec SA

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 Publisher 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. Vacuum Insulated Tubing Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America

4.2.2 Europe

4.2.3 MEA

4.2.4 SAM

4.3 Ecosystem Analysis

4.4 Premium Insights

4.4.1 Major VIT End Users by Country

4.5 Expert Opinion

5. Vacuum Insulated Tubing Market- Key Market Dynamics

5.1 Market Drivers

5.1.1 High Crude Oil Prices

5.1.2 Maximize Oil Reserves Recovery and Extend Field Life

5.2 Market Restraint

5.2.1 High Cost of Implementation of EOR and Transition Toward Clean Energy

5.3 Market Opportunities

5.3.1 Improved Oil Recovery to Reduce Oil Imports

5.4 Market Trends

5.4.1 Growing Adoption of Efficient Oil Extraction Technique

5.5 Impact Analysis of Drivers and Restraints

6. Vacuum Insulated Tubing Market– Global Market Analysis

6.1 Vacuum Insulated Tubing Market Global Overview

6.2 Global Vacuum Insulated Tubing Market Forecast and Analysis

6.3 Market Positioning- Top Five Players

7. Vacuum Insulated Tubing Market Revenue and Forecast to 2030 – Application

7.1 Overview

7.2 Vacuum Insulated Tubing Market, By Application (2022 and 2030)

7.3 Onshore

7.3.1 Overview

7.3.2 Onshore: Vacuum Insulated Tubing Market Revenue and Forecast To 2030 (US$ ‘000)

7.4 Offshore

7.4.1 Overview

7.4.2 Offshore: Vacuum Insulated Tubing Market Revenue and Forecast To 2030 (US$ ‘000)

8. Vacuum Insulated Tubing Market– Geographic Analysis

8.1 Overview

8.2 North America: Vacuum Insulated Tubing Market

8.2.1 North America: Vacuum Insulated Tubing Market – Revenue, and Forecast to 2030 (US$ ‘000)

8.2.2 North America: Vacuum Insulated Tubing Market, By Application

8.2.3 North America: Vacuum Insulated Tubing Market, by Key Country

8.2.3.1 US: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.2.3.1.1 US: Vacuum Insulated Tubing Market, By Application

8.2.3.2 Canada: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.2.3.2.1 Canada: Vacuum Insulated Tubing Market, By Application

8.2.3.3 Mexico: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.2.3.3.1 Mexico: Vacuum Insulated Tubing Market, By Application

8.3 Europe: Vacuum Insulated Tubing Market

8.3.1 Europe: Vacuum Insulated Tubing Market – Revenue, and Forecast to 2030 (US$ ‘000)

8.3.2 Europe: Vacuum Insulated Tubing Market, By Application

8.3.3 Europe: Vacuum Insulated Tubing Market, by Key Country

8.3.3.1 Italy: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.3.3.1.1 Italy: Vacuum Insulated Tubing Market, By Application

8.3.3.2 UK: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.3.3.2.1 UK: Vacuum Insulated Tubing Market, By Application

8.3.3.3 Russia: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.3.3.3.1 Russia: Vacuum Insulated Tubing Market, By Application

8.3.3.4 Norway: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.3.3.4.1 Norway: Vacuum Insulated Tubing Market, By Application

8.3.3.5 Rest of Europe: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.3.3.5.1 Rest of Europe: Vacuum Insulated Tubing Market, By Application

8.4 Asia Pacific: Vacuum Insulated Tubing Market

8.4.1 Asia Pacific: Vacuum Insulated Tubing Market – Revenue, and Forecast to 2030 (US$ ‘000)

8.4.2 Asia Pacific: Vacuum Insulated Tubing Market, By Application

8.4.3 Asia Pacific: Vacuum Insulated Tubing Market, by Key Country

8.4.3.1 Australia: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.4.3.1.1 Australia: Vacuum Insulated Tubing Market, By Application

8.4.3.2 China: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.4.3.2.1 China: Vacuum Insulated Tubing Market, By Application

8.4.3.3 India: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.4.3.3.1 India: Vacuum Insulated Tubing Market, By Application

8.4.3.4 Indonesia: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.4.3.4.1 Indonesia: Vacuum Insulated Tubing Market, By Application

8.4.3.5 Malaysia: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.4.3.5.1 Malaysia: Vacuum Insulated Tubing Market, By Application

8.4.3.6 Rest of Asia Pacific: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.4.3.6.1 Rest of Asia Pacific: Vacuum Insulated Tubing Market, By Application

8.5 Middle East & Africa: Vacuum Insulated Tubing Market

8.5.1 Middle East & Africa: Vacuum Insulated Tubing Market – Revenue, and Forecast to 2030 (US$ ‘000)

8.5.2 Middle East & Africa: Vacuum Insulated Tubing Market, By Application

8.5.3 Middle East & Africa: Vacuum Insulated Tubing Market, by Key Country

8.5.3.1 Saudi Arabia: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.5.3.1.1 Saudi Arabia: Vacuum Insulated Tubing Market, By Application

8.5.3.2 UAE: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.5.3.2.1 UAE: Vacuum Insulated Tubing Market, By Application

8.5.3.3 Iran: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.5.3.3.1 Iran: Vacuum Insulated Tubing Market, By Application

8.5.3.4 Rest of Middle East & Africa: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.5.3.4.1 Rest of Middle East & Africa: Vacuum Insulated Tubing Market, By Application

8.6 South America: Vacuum Insulated Tubing Market

8.6.1 South America: Vacuum Insulated Tubing Market – Revenue, and Forecast to 2030 (US$ ‘000)

8.6.2 South America: Vacuum Insulated Tubing Market, By Application

8.6.3 South America: Vacuum Insulated Tubing Market, by Key Country

8.6.3.1 Brazil: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.6.3.1.1 Brazil: Vacuum Insulated Tubing Market, By Application

8.6.3.2 Argentina: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.6.3.2.1 Argentina: Vacuum Insulated Tubing Market, By Application

8.6.3.3 Rest of SAM: Vacuum Insulated Tubing Market– Revenue and Forecast to 2030 (US$ ‘000)

8.6.3.3.1 Rest of SAM: Vacuum Insulated Tubing Market, By Application

9. Impact of COVID-19 Pandemic on Vacuum Insulated Tubing Market

9.1 Overview

9.2 North America: Impact Assessment of COVID-19 Pandemic

9.3 Europe: Impact Assessment of COVID-19 Pandemic

9.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic

9.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic

9.6 South America: Impact Assessment of COVID-19 Pandemic

10. Company Profiles

10.1 Andmir Group

10.1.1 Key Facts

10.1.2 Business Description

10.1.3 Products and Services

10.1.4 Financial Overview

10.1.5 SWOT Analysis

10.1.6 Key Developments

10.2 Exceed Oilfield Equipment Inc

10.2.1 Key Facts

10.2.2 Business Description

10.2.3 Products and Services

10.2.4 Financial Overview

10.2.5 SWOT Analysis

10.2.6 Key Developments

10.3 Imex Canada Inc

10.3.1 Key Facts

10.3.2 Business Description

10.3.3 Products and Services

10.3.4 Financial Overview

10.3.5 SWOT Analysis

10.3.6 Key Developments

10.4 ITP Interpipe

10.4.1 Key Facts

10.4.2 Business Description

10.4.3 Products and Services

10.4.4 Financial Overview

10.4.5 SWOT Analysis

10.4.6 Key Developments

10.5 Dongying Lake Petroleum Technology Co Ltd

10.5.1 Key Facts

10.5.2 Business Description

10.5.3 Products and Services

10.5.4 Financial Overview

10.5.5 SWOT Analysis

10.5.6 Key Developments

10.6 Nakasawa Resources

10.6.1 Key Facts

10.6.2 Business Description

10.6.3 Products and Services

10.6.4 Financial Overview

10.6.5 SWOT Analysis

10.6.6 Key Developments

10.7 Shengji Group

10.7.1 Key Facts

10.7.2 Business Description

10.7.3 Products and Services

10.7.4 Financial Overview

10.7.5 SWOT Analysis

10.7.6 Key Developments

10.8 Tenergy Equipment and Service Ltd

10.8.1 Key Facts

10.8.2 Business Description

10.8.3 Products and Services

10.8.4 Financial Overview

10.8.5 SWOT Analysis

10.8.6 Key Developments

10.9 TMK Group

10.9.1 Key Facts

10.9.2 Business Description

10.9.3 Products and Services

10.9.4 Financial Overview

10.9.5 SWOT Analysis

10.9.6 Key Developments

10.10 Vallourec SA

10.10.1 Key Facts

10.10.2 Business Description

10.10.3 Products and Services

10.10.4 Financial Overview

10.10.5 SWOT Analysis

10.10.6 Key Developments

11. Appendix

11.1 About Publisher

11.2 Word Index

LIST OF TABLES.

Table 1. Global Vacuum Insulated Tubing Market, Revenue and Forecast, 2020–2030 (US$ ‘000)

Table 2. North America: Vacuum Insulated Tubing Market, By Application– Revenue and Forecast to 2030 (US$ ‘000)

Table 3. US: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 4. Canada: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 5. Mexico: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 6. Europe: Vacuum Insulated Tubing Market, By Application– Revenue and Forecast to 2030 (US$ ‘000)

Table 7. Italy: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 8. UK: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 9. Russia: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 10. Norway: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 11. Rest of Europe: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 12. Asia Pacific: Vacuum Insulated Tubing Market, By Application– Revenue and Forecast to 2030 (US$ ‘000)

Table 13. Australia: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 14. China: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 15. India: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 16. Indonesia: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 17. Malaysia: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 18. Rest of Asia Pacific: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 19. Middle East & Africa: Vacuum Insulated Tubing Market, By Application– Revenue and Forecast to 2030 (US$ ‘000)

Table 20. Saudi Arabia: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 21. UAE: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 22. Iran: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 23. Rest of Middle East & Africa: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 24. South America: Vacuum Insulated Tubing Market, By Application– Revenue and Forecast to 2030 (US$ ‘000)

Table 25. Brazil: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 26. Argentina: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 27. Rest of SAM: Vacuum Insulated Tubing Market, By Application – Revenue and Forecast to 2030 (US$ ‘000)

Table 28. List of Abbreviation

The List of Companies - Vacuum Insulated Tubing Market

● Andmir Group

● Exceed Oilfield Equipment Inc

● Imex Canada Inc

● ITP Interpipe

● Dongying Lake Petroleum Technology Co Ltd

● Nakasawa Resources

● Shengji Group

● Tenergy Equipment and Service Ltd

● TMK Group

● Vallourec SA

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the vacuum insulated tubing market

● Highlights key business priorities to assist companies to realign their business strategies

● The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the vacuum insulated tubing 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 market trends and outlook coupled with the factors driving the 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

AVAILABLE CUSTOMIZATION RESEARCH METHODOLOGY REQUEST FOR TOC FREE SAMPLE REPORT
CHOOSE LICENCE TYPE
(Vacuum Insulated Tubing Market Forecast to 2030)
  • Single User Price $4,550$3,640
  • Site Price $6,550$5,240
  • Enterprise Price $8,550$6,840
Buy Now Add to Cart
REQUEST FOR TOC
SPEAK TO ANALYST
FREE SAMPLE
REPORT
INQUIRE BEFORE
BUYING
TOP
Quick Enquiry