Cryogenic Valves Market

Cryogenic Valves Market, By Product Type (Ball Valve, Check Valve, Gate Valve, Globe Valve, and Others), By Gas (Liquefied Natural Gas, Liquid Nitrogen, Hydrogen, Oxygen, and Other Gases), By End-User Industry (Chemicals, Oil and Gas, Energy and Power, Food and Beverages, Medical, and Other End-user Industries), and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa)

Cryogenic valves are designed to be used in very cold applications. Hence, these are mostly found to be useful in companies that work with compressed natural gas (CNG) and liquefied natural gas (LNG). They are increasingly used in various end-use industries. Cryogenic valves are kept in a naturally closed position to keep cryogenic gases or medium secure and safely contained. Cryogenic valves are available in a variety of shapes and sizes to be able to function under different pressure ranges. Some of the commonly used cryogenic valves are ball valve, check valve, gate valve, and globe Valve.

Cryogenic valves are designed to be used in very cold applications. They are thus most popularly used by companies that work with Liquefied Natural Gas (LNG) or Compressed Natural Gas (CNG). For instance, the oil and gas industry frequently uses cryogenic temperature ranges starting at -150°C (-238°F). Additionally, some gasses aren't labelled 'cryogenic' because of their temperature, but rather because they require more than a simple pressure increase to compress their volume. Cryogenic valves are built to help transport and store such cryogenic gasses safely and efficiently.

Cryogenic valves are constructed to store such gases safely and also work great during transportation due to their ability to function efficiently in pressure settings as high as 52 bar (750 psi) and temperature as low as -196°C (-320°F).

Cryogenic valves are kept in a natural closed position to keep cryogenic gasses or other medium secure and safely contained. A cryogenic valve is generally designed to react to high pressure which pushes the valve into the open position to allow the gas or other media to flow readily through. Such open flow will continue until the pressure again decreases, at which point it will swing back and become seal with a special metal seat bubble-tight shutoff to prevent any leaking.

Market Dynamics

The increase in oil and gas exploration activities around the world has increased the demand for cryogenic valves from various end-use industries such as, increase in energy demand, increase in consumption of industrial and natural gases. Also favorable government initiatives are some major factors expected to aid in the growth of the global cryogenic valves market.

The Government of India has adopted several policies to meet the increasing demand. It has allowed 100% foreign direct investment (FDI) in many segments of the sector, including natural gas, petroleum products and refineries.

In May 2022, Oil and Natural Gas Corporation (ONGC) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India, planned to invest US$ 4 billion from FY22-25 to increase its exploration efforts in India. In November 2021, ONGC announced that it invested up to Rs. 6,000 crore (US$ 800 million) in its petrochemicals arm (ONGC Petro Additions Ltd.) to meet its equity requirements.

Key features of the study:
  • This report provides in-depth analysis of the global cryogenic valves market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global cryogenic valves market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study Velan Inc., Samson AG, Parker Hannifin Corp., L&T Valves Limited, Herose GmbH, Flowserve Corporation, Emerson Electric Co., ECI LLC, Cryofab, Bray International, Baker Hughes (General Electric), Bac Valves, Powell Valves, Meca-Inox, and Habonim Industrial Valves & Actuators Ltd., among others.
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global cryogenic valves Market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Cryogenic Valves market
Cryogenic Valves Market Detailed Segmentation:
  • By Product Type:
  • Ball Valve
  • Check Valve
  • Gate Valve
  • Globe Valve
  • Others
  • By Gas:
  • Liquefied Natural Gas
  • Liquid Nitrogen
  • Hydrogen
  • Oxygen
  • Other Gases
  • By End-User Industry:
  • Chemicals
  • Oil and Gas
  • Energy and Power
  • Food and Beverages
  • Medical
  • Other End-user Industries
  • By Region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
  • Company Profiles
  • Velan Inc.
  • Samson AG
  • Parker Hannifin Corp.
  • Meca-Inox
  • L&T Valves Limited
  • Herose GmbH
  • Flowserve Corporation
  • Emerson Electric Co.
  • ECI LLC
  • Cryofab
  • Bray International
  • Baker Hughes (General Electric)
  • Bac Valves
  • Powell Valves
  • Habonim Industrial Valves & Actuators Ltd.


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By End-user Industry
Market Snippet, By Gas
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
New Product Approvals/Launch
Promotion and Marketing Initiatives
Cost Tier Down Analysis
4. Global Cryogenic Valves Market, By Segmentation, 2023 - 2030 (US$ Thousand and Tons)
Introduction
Market Share Analysis, 2023 and 2030
Y-o-Y Growth Analysis, 2023 - 2030 (%)
Segment Trends
5. Global Cryogenic Valves Market, By Product Type, 2023-2030, (US$ Mn)
Introduction
Market Share Analysis, 2022 and 2030 (%)
Y-o-Y Growth Analysis, 2023 – 2030
Segment Trends
Ball Valve
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
Check Valve
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
Gate Valve
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
Globe Valve
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
6. Global Cryogenic Valves Market, By Gas, 2023-2030, (US$ Mn)
Introduction
Market Share Analysis, 2022 and 2030 (%)
Y-o-Y Growth Analysis, 2023 – 2030
Segment Trends
Liquefied Natural Gas
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
Liquid Nitrogen
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
Hydrogen
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
Oxygen
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
Other Gases
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
7. Global Cryogenic Valves Market, By End User, 2023-2030, (US$ Mn)
Introduction
Market Share Analysis, 2022 and 2030 (%)
Y-o-Y Growth Analysis, 2023 – 2030
Segment Trends
Chemicals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
Oil and Gas
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
Energy and Power
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
Food and Beverages
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
Medical
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
Other End-user Industries
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
8. Global Cryogenic Valves Market, By Region, 2023 - 2030 (US$)
Introduction
Market Share Analysis, By Region, 2023 and 2030
Y-o-Y Growth Analysis, By Region, 2023 - 2030 (%)
North America
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2023 - 2030 (%)
U.S.
Country Trends
Market Size and Forecast, By Product Type, 2023 - 2030 (US$ Thousand and Tons)
Market Size and Forecast, By Gas, 2023 - 2030 (US$ Thousand and Tons)
Market Size and Forecast, By End User, 2023 - 2030 (US$ Thousand and Tons)
Canada
Country Trends
Market Size and Forecast, By Product Type, 2023 - 2030 (US$ Thousand and Tons)
Market Size and Forecast, By Gas, 2023 - 2030 (US$ Thousand and Tons)
Market Size and Forecast, By End User, 2023 - 2030 (US$ Thousand and Tons)
Europe
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2023 - 2030 (%)
U.K.
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2023 - 2030 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2023 - 2030 (%)
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
Market Share Analysis, By Country, 2023 and 2030
Y-o-Y Growth Analysis, By Country, 2023 - 2030 (%)
GCC
Israel
Rest of Middle East
Africa
Market Share Analysis, By Sub-region, 2023 and 2030
Y-o-Y Growth Analysis, By Sub-region, 2023 - 2030 (%)
North Africa
Central Africa
South Africa
9. Competitive Landscape
Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
Velan Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Samson AG
Parker Hannifin Corp.
Meca-Inox
L&T Valves Limited
Herose GmbH
Flowserve Corporation
Emerson Electric Co.
ECI LLC
Cryofab
Bray International
Baker Hughes (General Electric)
Bac Valves
Powell Valves
Habonim Industrial Valves & Actuators Ltd.
10. Section
References
Research Methodology
About us and Sales Contact
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