The global demand for Cryogenic Valve Market is presumed to reach the market size of nearly USD 5.57 MN by 2028 from USD 3.83 MN in 2021 with a CAGR of 5.51% under the study period 2022 - 2028.
Cryogenic valves are valves specifically designed to handle cryogenic fluids. They are typically made from materials that can withstand cold temperatures, such as stainless steels or nickel alloys. Cryogenic valve also has special coatings or insulation to protect them from cold weather. These valves are mainly used for transportation and storage applications by various end-user industries. Cryogenic valve is widely available in multiple shapes and sizes to function under different pressure ranges.
Market Dynamics
The global cryogenic valve market is experiencing strong growth due to the rise in oil and gas exploration activities worldwide and technological upgrades in the space industry. The increasing usage of cryogenic valves in wide end-user sectors, including food & beverage, chemical, and pharmaceutical industries and growing opportunities in transportation, LNG, and CNG are expected to fuel the cryogenic valve market growth. Moreover, the industry is seeing a significant increase in demand for industrial gases, one of the primary drivers driving the market forward. Further, the major factor driving the market growth is the increasing demand for industrial gases. However, metal price fluctuation limits the global cryogenic valve market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cryogenic valve. The growth and trends of cryogenic valve industry provide a holistic approach to this study.
Market Segmentation
This section of the cryogenic valve market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Globe Valve
- Gate Valve
- Check Valve
- Ball Valve
- Others
By Gas
- LNG
- Oxygen
- Nitrogen
- Others
By End User
- Energy & Power
- Chemicals
- Food & Beverage
- Healthcare
- Oil & Gas
- Others
By Application
- Tanks & Cold Boxes
- Liquefiers
- Transfer Lines
- Manifolds & Gas Trains
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cryogenic Valve market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cryogenic Valve Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cryogenic valve market include Powell Valves, Habonim, Schlumberger, Pfeiffer Chemie-Armaturenbau GmbH, BAC Valves Online sl, Bray International, DeZURIK, Dfl Italia SRL, Generant, Habonim Industrial Valves & Actuator, MECA-INOX, Parker Bestobell, Flowserve Corporation, Herose Gmbh, Emerson Electric Co, L&T Valves Limited., Samson Controls Inc., Cryocomp, Parker Hannifin Corp, The Weir Group PLC, Velan Inc, Valco Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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