Cryogenic Valve Market Size, Share, and Analysis, By Type (Gate Valve, Globe Valve, Ball Valve, Butterfly Valve, and Others), By Cryogen Type (Nitrogen, Oxygen, Argon, Liquefied Natural Gas (LNG), Hydrogen Helium, and Others), By Application (Tanks & Cold

Cryogenic Valve Market Size, Share, and Analysis, By Type (Gate Valve, Globe Valve, Ball Valve, Butterfly Valve, and Others), By Cryogen Type (Nitrogen, Oxygen, Argon, Liquefied Natural Gas (LNG), Hydrogen Helium, and Others), By Application (Tanks & Cold Boxes, Transfer Lines, and Manifolds & Gas Trains), By End User (Oil & Gas, Metallurgy, Power Generation, Chemical & Petrochemical, Marine, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

Cryogenic Valve Market Size, Share, and Analysis, By Type (Gate Valve, Globe Valve, Ball Valve, Butterfly Valve, and Others), By Cryogen Type (Nitrogen, Oxygen, Argon, Liquefied Natural Gas (LNG), Hydrogen Helium, and Others), By Application (Tanks & Cold Boxes, Transfer Lines, and Manifolds & Gas Trains), By End User (Oil & Gas, Metallurgy, Power Generation, Chemical & Petrochemical, Marine, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-
2034


PRODUCT OVERVIEW

Cryogenic Valve Market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 4 billion and is projected to reach USD 7.9 billion by the completion of 2034.

Cryogenic valve is a specially designed component which is used to regulate the flow of fluids in extremely low temperatures, typically below -150°C (-238°F). These valves are crucial for industries that involve cryogenic liquids or gases, such as liquefied natural gas (LNG) processing, aerospace, and medical applications. Cryogenic valves are constructed of materials such as stainless steel, bronze, or exotic alloys like Inconel. They are designed to withstand thermal stresses and preserve sealing integrity in subzero temperatures. They feature extended bonnets or stem extensions to insulate essential components from extreme cold, thereby preventing issues like freezing or valve lock-up. Furthermore, cryogenic valves use special seals and lubricants that are capable of ensuring flexibility and performance at ultra-low temperatures. Therefore, given their significance, cryogenic valves maintain the safe and efficient control of fluid flow in various industrial operations, along with ensuring efficiency in cryogenic applications.

MARKET HIGHLIGHTS

Cryogenic Valve Market is expected to reach USD 7.9 billion during the forecast period, owing to its wide applications across several industries such as healthcare, energy, and aerospace. The rising demand for liquefied natural gas (LNG) and industrial gases has propelled the need for dependable cryogenic valves. Additionally, innovations in valve design and materials are improving the performance and durability of cryogenic valves in ultra-low temperature environments. Moreover, major industry players such as Emerson Electric Co., Flowserve Corporation, and Parker Hannifin Corporation are engaged in fierce competition, which encourages innovation and strategic collaborations in the cryogenic valve market. Therefore, with increasingly adoption of cryogenic applications across industries for gas storage and processing, the cryogenic valve market will witness sustained growth during the forecasted period.

Cryogenic Valve Market Segments:

• By Type
• Gate Valve
• Globe Valve
• Ball Valve
• Butterfly Valve
• Others
• By Cryogen Type
• Nitrogen
• Oxygen
• Argon
• Liquefied Natural Gas (LNG)
• Hydrogen Helium
• Others
• By Application
• Tanks & Cold Boxes
• Transfer Lines
• Manifolds & Gas Trains
• By End-Use
• Oil & Gas
• Metallurgy
• Power Generation
• Chemical & Petrochemical
• Marine
• Others

MARKET DYNAMICS

Growth Drivers

Growing Demand for Liquefied Natural Gas Will Drive Market Growth

Advancements in Technology Will Promote Market Expansion

Restraint

High Initial Investment Costs Could Restrict the Market Growth

Key Players

• Emerson Electric Co.
• Flowserve Corporation
• Parker Hannifin Corporation
• Bray International, Inc.
• Velan Inc.
• Schlumberger Limited
• SAMSON Controls Inc.
• Habonim Industrial Valves & Actuators Ltd.
• Powell Valves
• KITZ Corporation
• Cryocomp
• CryoWorks, Inc.
• Valco Instruments Co. Inc.
• Cryostar
• Hy-Lok Corporation
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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