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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

Best Price Guarantee Length Publisher Published Date SKU
from $5,150 515 Pages Fatpos Global August, 2024 FAGL19115437
Best Price Guarantee
Price from $5,150
Length 515 Pages
Publisher Fatpos Global
Published Date August, 2024
SKU FAGL19115437

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.
*Please Note: The report will be delivered in 2-3 business days upon order confirmation*


1.Executive Summary
1.1. Regional Market Share
1.2.Business Trends
1.3. Global Cryogenic Valve Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1.Market Definition
3.2.Global Cryogenic Valve Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Global Cryogenic Valve Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.Risk Analysis
9. Market Analysis
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Global Cryogenic Valve Market
10.1.Overview
10.2. Historical Analysis (2018-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Global Cryogenic Valve Market Size & Forecast 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Type
11.3.1.1. Gate Valve
11.3.1.1.1.By Value (USD Million) 2024A-2034F
11.3.1.1.2. Market Share (%) 2024A-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024A-2034F
11.3.1.2.Globe Valve
11.3.1.2.1. By Value (USD Million) 2024A-2034F
11.3.1.2.2.Market Share (%) 2024A-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024A-2034F
11.3.1.3.Ball Valve
11.3.1.3.1. By Value (USD Million) 2024A-2034F
11.3.1.3.2.Market Share (%) 2024A-2034F
11.3.1.3.3.Y-o-Y Growth (%) 2024A-2034F
11.3.1.4.Butterfly Valve
11.3.1.4.1. By Value (USD Million) 2024A-2034F
11.3.1.4.2.Market Share (%) 2024A-2034F
11.3.1.4.3.Y-o-Y Growth (%) 2024A-2034F
11.3.1.5.Others
11.3.1.5.1. By Value (USD Million) 2024A-2034F
11.3.1.5.2.Market Share (%) 2024A-2034F
11.3.1.5.3.Y-o-Y Growth (%) 2024A-2034F
11.3.2. By Cryogen Type
11.3.2.1.Nitrogen
11.3.2.1.1. By Value (USD Million) 2024A-2034F
11.3.2.1.2.Market Share (%) 2024A-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024A-2034F
11.3.2.2. Oxygen
11.3.2.2.1.By Value (USD Million) 2024A-2034F
11.3.2.2.2. Market Share (%) 2024A-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024A-2034F
11.3.2.3. Argon
11.3.2.3.1.By Value (USD Million) 2024A-2034F
11.3.2.3.2. Market Share (%) 2024A-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024A-2034F
11.3.2.4. Liquefied Natural Gas
11.3.2.4.1.By Value (USD Million) 2024A-2034F
11.3.2.4.2. Market Share (%) 2024A-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024A-2034F
11.3.2.5. Hydrogen Helium
11.3.2.5.1.By Value (USD Million) 2024A-2034F
11.3.2.5.2. Market Share (%) 2024A-2034F
11.3.2.5.3. Y-o-Y Growth (%) 2024A-2034F
11.3.2.6. Others
11.3.2.6.1.By Value (USD Million) 2024A-2034F
11.3.2.6.2. Market Share (%) 2024A-2034F
11.3.2.6.3. Y-o-Y Growth (%) 2024A-2034F
11.3.3.By Application
11.3.3.1.Tanks & Cold Boxes
11.3.3.1.1. By Value (USD Million) 2024A-2034F
11.3.3.1.2.Market Share (%) 2024A-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024A-2034F
11.3.3.2. Transfer Lines
11.3.3.2.1.By Value (USD Million) 2024A-2034F
11.3.3.2.2. Market Share (%) 2024A-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024A-2034F
11.3.3.3. Manifolds & Gas Trains
11.3.3.3.1.By Value (USD Million) 2024A-2034F
11.3.3.3.2. Market Share (%) 2024A-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024A-2034F
11.3.4.By End-Use
11.3.4.1.Oil & Gas
11.3.4.1.1. By Value (USD Million) 2024A-2034F
11.3.4.1.2.Market Share (%) 2024A-2034F
11.3.4.1.3.Y-o-Y Growth (%) 2024A-2034F
11.3.4.2. Metallurgy
11.3.4.2.1.By Value (USD Million) 2024A-2034F
11.3.4.2.2. Market Share (%) 2024A-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024A-2034F
11.3.4.3. Power Generation
11.3.4.3.1.By Value (USD Million) 2024A-2034F
11.3.4.3.2. Market Share (%) 2024A-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024A-2034F
11.3.4.4.Chemical & Petrochemical
11.3.4.4.1.By Value (USD Million) 2024A-2034F
11.3.4.4.2. Market Share (%) 2024A-2034F
11.3.4.4.3. Y-o-Y Growth (%) 2024A-2034F
11.3.4.5. Marine
11.3.4.5.1.By Value (USD Million) 2024A-2034F
11.3.4.5.2. Market Share (%) 2024A-2034F
11.3.4.5.3. Y-o-Y Growth (%) 2024A-2034F
11.3.4.6. Others
11.3.4.6.1.By Value (USD Million) 2024A-2034F
11.3.4.6.2. Market Share (%) 2024A-2034F
11.3.4.6.3. Y-o-Y Growth (%) 2024A-2034F
12.North America Cryogenic Valve Market Size & Forecast 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Type
12.3.2. By Cryogen Type
12.3.3. By Application
12.3.4. By End-Use
12.4. Country
12.4.1. United States
12.4.2. Canada
13.Europe Cryogenic Valve Market Size & Forecast 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Type
13.3.2. By Cryogen Type
13.3.3. By Application
13.3.4. By End-Use
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.Asia-Pacific Cryogenic Valve Market Size & Forecast 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Type
14.3.2. By Cryogen Type
14.3.3. By Application
14.3.4. By End-Use
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.Middle East and Africa Cryogenic Valve Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Type
15.3.2. By Cryogen Type
15.3.3. By Application
15.3.4. By End-Use
15.4.Country
15.4.1.Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Cryogenic Valve Market Size & Forecast 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Type
16.3.2. By Cryogen Type
16.3.3. By Application
16.3.4. By End-Use
16.4.Country
16.4.1.Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. Emerson Electric Co.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2.Key Clients
18.1.4.3.Market Share
18.1.4.4.Recent News & Development (Last 3 Yrs.)
18.2. Flowserve Corporation
18.3. Parker Hannifin Corporation
18.4. Bray International, Inc.
18.5. Velan Inc.
18.6. Schlumberger Limited
18.7. SAMSON Controls Inc.
18.8. Habonim Industrial Valves & Actuators Ltd.
18.9. Powell Valves
18.10.KITZ Corporation
18.11.Cryocomp
18.12. CryoWorks, Inc.
18.13. Valco Instruments Co. Inc.
18.14.Cryostar
18.15. Hy-Lok Corporation
18.16. Other Prominent Players
19. Appendix
20.Consultant Recommendation

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