Energy Efficiency Standards Bolster Demand for Vacuum Insulation Panels (VIPs) Global Demand to Reach 143M SQM (nearly $3B) by 2029 - Market Research Report (2023-2029) by Industry Experts, Inc
Industry Experts, Inc. unveiled the latest version of Vacuum Insulation Panels (VIPs) global market research report. As per the new report entitled " Vacuum Insulation Panels (VIPs) – A Global Market Overview ", Asia-Pacific region leads the volume market for VIPs with a 2022 share of 64% translated to 32 million square meters, followed by Europe and North America. Key market trends driving demand for VIPs include stringent energy efficiency standards for appliances and buildings, demand for ever more complex and often temperature-sensitive biotech medications. The market development of VIPs has been largely impacted by the evolution in regulations set for energy efficiency in buildings, refrigerators, hot water storage systems and automobiles. Refrigeration manufacturers are increasingly employing VIPs to achieve optimum energy efficiency. Cold chain logistics for pharmaceutical products is also under intense regulatory scrutiny, which has increased the need for reliable a...