A Vacuum Insulated Panel (VIP) is a type of high-performance insulation used in various applications, including refrigerators. It consists of a rigid core material, such as foam or fiberglass, enclosed within a gas-tight barrier envelope. The core material is evacuated to create a vacuum, which greatly reduces heat transfer through conduction and convection. In refrigerators, VIPs are typically used as insulation to enhance the thermal efficiency of the appliance. By minimizing heat transfer, VIPs help maintain lower temperatures inside the refrigerator, thereby reducing energy consumption and improving overall performance.
According to our (Global Info Research) latest study, the global Vacuum Insulated Panel (VIP) for Refrigerator market size was valued at US$ 528 million in 2023 and is forecast to a readjusted size of USD 741 million by 2030 with a CAGR of 5.0% during review period.
The Vacuum Insulated Panel (VIP) for refrigerator market has witnessed significant growth in recent years, driven by the increasing demand for energy-efficient and space-saving cooling solutions. Major sales regions for VIPs include North America, Europe, and Asia-Pacific, where technological advancements and stringent energy efficiency regulations have propelled market expansion. However, the market exhibits a high level of concentration, with a few key players dominating the majority of the market share, leading to intense competition and pricing pressures. Despite the promising growth prospects, the VIP market also faces challenges such as high production costs, limited awareness among consumers, and concerns regarding the recyclability of VIP materials. Nonetheless, emerging opportunities in the form of innovative product developments, expanding applications in commercial refrigeration and cold chain logistics, and growing consumer preference for eco-friendly products are expected to drive the market forward in the coming years.
This report is a detailed and comprehensive analysis for global Vacuum Insulated Panel (VIP) for Refrigerator market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.
Key Features:
Global Vacuum Insulated Panel (VIP) for Refrigerator market size and forecasts, in consumption value ($ Million), sales quantity (Sq m), and average selling prices (US$/Sq m), 2019-2030
Global Vacuum Insulated Panel (VIP) for Refrigerator market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Sq m), and average selling prices (US$/Sq m), 2019-2030
Global Vacuum Insulated Panel (VIP) for Refrigerator market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Sq m), and average selling prices (US$/Sq m), 2019-2030
Global Vacuum Insulated Panel (VIP) for Refrigerator market shares of main players, shipments in revenue ($ Million), sales quantity (Sq m), and ASP (US$/Sq m), 2019-2024
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Vacuum Insulated Panel (VIP) for Refrigerator
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Vacuum Insulated Panel (VIP) for Refrigerator market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include PHC Holdings Corporation, Va-Q-Tec, Turna, Knauf Insulation, Evonik Industries, Super Tech Advanced Material, GP GROUP, Wedge Industries, Vacupor, YinXing New Material Technology, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Vacuum Insulated Panel (VIP) for Refrigerator market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Fiber Glass Core
Fumed Silica Core
Others
Market segment by Application
Household Refrigerators
Commercial Refrigerators
Medical Refrigerators
Laboratory Refrigerators
Others
Major players covered
PHC Holdings Corporation
Va-Q-Tec
Turna
Knauf Insulation
Evonik Industries
Super Tech Advanced Material
GP GROUP
Wedge Industries
Vacupor
YinXing New Material Technology
Minmetals East New Materials
Tanchain New Material Technology
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Vacuum Insulated Panel (VIP) for Refrigerator product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Vacuum Insulated Panel (VIP) for Refrigerator, with price, sales quantity, revenue, and global market share of Vacuum Insulated Panel (VIP) for Refrigerator from 2019 to 2024.
Chapter 3, the Vacuum Insulated Panel (VIP) for Refrigerator competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Vacuum Insulated Panel (VIP) for Refrigerator breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Vacuum Insulated Panel (VIP) for Refrigerator market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Vacuum Insulated Panel (VIP) for Refrigerator.
Chapter 14 and 15, to describe Vacuum Insulated Panel (VIP) for Refrigerator sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Vacuum Insulated Panel (VIP) for Refrigerator. Industry analysis & Market Report on Vacuum Insulated Panel (VIP) for Refrigerator is a syndicated market report, published as Global Vacuum Insulated Panel (VIP) for Refrigerator Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Vacuum Insulated Panel (VIP) for Refrigerator market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.