Cryogenic Valve Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00123359
  • Format: Electronic (PDF)
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  • Number of Pages: 250
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Market Snapshot

CAGR:6.05
2023
2032

Source: Market Expertz

RND-Favicon
Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 6.05
Energy & Power-companies
Energy & Power-Snapshot

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Report Overview

Cryogenic Valve Market Analysis By Application (Industrial Gases, Energy, Healthcare, Electronics, Others), By Type (Globe, Gate, Ball, Others), and By Region Forecast to 2032:

The Cryogenic Valve Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing demand for cryogenic gases in various industries, advancements in valve technology, and the growing need for reliable and efficient cryogenic systems. Cryogenic valves are critical components in ensuring the safe and precise handling of cryogenic fluids.

Cryogenic Valve Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Cryogenic Valve Market is the growing demand for industrial gases, including liquefied natural gas (LNG) and liquid nitrogen. Industries such as energy, healthcare, electronics, and aerospace rely on cryogenic gases for various applications, driving the need for specialized cryogenic valves to control the flow and storage of these gases.

Advancements in valve technology, particularly in materials and design, play a crucial role in driving market growth. Modern cryogenic valves are engineered to withstand extremely low temperatures, ensuring reliable operation in cryogenic applications.

Trends:

An emerging trend shaping the Cryogenic Valve Market is the development of cryogenic valves with enhanced safety features. As the handling of cryogenic fluids involves inherent risks, manufacturers are incorporating advanced safety mechanisms and leak detection systems into cryogenic valves to minimize the potential for accidents and gas leakage.

Additionally, the adoption of cryogenic valves in the rapidly growing space exploration sector is positively impacting market growth. Cryogenic valves are essential components in rocket propulsion systems, where the precise control of cryogenic propellants is critical.

Restraints:

One of the key challenges hindering the growth of the Cryogenic Valve Market is the complexity of cryogenic fluid behavior. Cryogenic fluids exhibit unique properties, such as extreme low temperatures and phase changes, which require specialized valve designs and materials. Addressing these complexities can increase manufacturing costs.

Furthermore, stringent regulations and safety standards in industries dealing with cryogenic fluids impose additional challenges on valve manufacturers. Compliance with these standards is essential but can be resource-intensive.

Cryogenic Valve Market Segmentation By Application:

The industrial gases segment is anticipated to witness substantial growth during the forecast period. Cryogenic valves are integral for controlling the flow and storage of industrial gases, including LNG, oxygen, and nitrogen, in various industrial processes.

The energy sector, especially in the LNG production and distribution segment, is another significant application area. Cryogenic valves ensure the safe handling and transfer of LNG at extremely low temperatures.

Cryogenic Valve Market Segmentation By Type:

Globe valves are expected to drive market growth significantly. Globe valves are well-suited for cryogenic applications due to their ability to provide precise flow control and shut-off capabilities.

Gate valves and ball valves are also commonly used in cryogenic applications, offering reliable performance and low maintenance requirements.

Regional Overview:


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North America is poised to be a key contributor to the global Cryogenic Valve Market, accounting for approximately 40% of the market's growth during the forecast period. The region's robust energy infrastructure and significant LNG production facilities drive the demand for cryogenic valves.

Europe is another prominent region in the market, with a focus on clean energy and sustainable practices. Cryogenic valves are vital for Europe's LNG terminals and gas distribution networks.

Cryogenic Valve Market Customer Landscape:

The Cryogenic Valve Market report encompasses the customer adoption lifecycle, ranging from early adopters to mainstream users. It delves into adoption rates across different regions based on the demand for cryogenic gases and includes key purchase criteria related to valve performance and safety.

Major Cryogenic Valve Market Companies:

Companies in the cryogenic valve market are employing diverse strategies such as research and development, partnerships, mergers, acquisitions, and product innovation to strengthen their market presence.

Example companies include:

  1. Flowserve Corporation: Flowserve offers a wide range of cryogenic valves designed for various applications, including LNG, petrochemical, and aerospace. Their cryogenic valve solutions focus on safety, reliability, and efficiency.
  2. Velan Inc.: Velan specializes in high-performance cryogenic valves for industries such as LNG, industrial gases, and aerospace. Their cryogenic valve designs incorporate advanced materials and sealing technologies.
  3. Parker Hannifin Corporation: Parker Hannifin provides cryogenic valves and systems for applications in aerospace, healthcare, and industrial gases. Their cryogenic valve solutions prioritize precision and safety.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

  • Emerson Electric Co.
  • Schlumberger Limited
  • Bray International, Inc.
  • Samson AG
  • Valvitalia S.p.A.
  • L&T Valves Limited
  • KITZ Corporation
  • Habonim Industrial Valves & Actuators Ltd.
  • SGC Valve
  • Zhejiang Petrochemical Valve Co., Ltd.

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on product offerings, market presence, and technological innovation.

Segment Overview:

The Cryogenic Valve Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Industrial Gases
    • Energy
    • Healthcare
    • Electronics
    • Others
  • Type Outlook (USD Million, 2019 - 2032):
    • Globe
    • Gate
    • Ball
    • Others
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
      • United Arab Emirates
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Cryogenic Valve MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Cryogenic Valve MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Cryogenic Valve Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Cryogenic Valve MARKET BY Gas SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 LNG

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Oxygen

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Nitrogen

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Cryogenic Valve MARKET BY type INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Globe

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Gate

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 Ball

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Cryogenic Valve MARKET REGIONAL OUTLOOK

7.1. Cryogenic Valve Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Cryogenic Valve Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Cryogenic Valve Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Cryogenic Valve Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Cryogenic Valve Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Cryogenic Valve Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Cryogenic Valve Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Cryogenic Valve Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Cryogenic Valve Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Cryogenic Valve Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Cryogenic Valve Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Cryogenic Valve Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Cryogenic Valve Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Cryogenic Valve Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Cryogenic Valve Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Cryogenic Valve Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Cryogenic Valve Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Cryogenic Valve Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Cryogenic Valve Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Cryogenic Valve Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Cryogenic Valve Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Cryogenic Valve Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Cryogenic Valve Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Cryogenic Valve Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Cryogenic Valve Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Cryogenic Valve Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Cryogenic Valve Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Cryogenic Valve Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Cryogenic Valve Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Cryogenic Valve Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Cryogenic Valve Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Cryogenic Valve Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Cryogenic Valve Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Cryogenic Valve Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Cryogenic Valve Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Cryogenic Valve Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Cryogenic Valve Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Cryogenic Valve Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Cryogenic Valve Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Cryogenic Valve Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Cryogenic Valve Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Cryogenic Valve Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Cryogenic Valve Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Cryogenic Valve Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Cryogenic Valve Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Cryogenic Valve Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Cryogenic Valve Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Cryogenic Valve Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Cryogenic Valve Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Cryogenic Valve Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Cryogenic Valve Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Cryogenic Valve Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Cryogenic Valve Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Cryogenic Valve Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Cryogenic Valve Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Cryogenic Valve Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Cryogenic Valve Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Cryogenic Valve Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Flowserve (US)

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 Herose (Germany)

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Emerson (US)

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 L&T (India)

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 Schlumberger (US)

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Samson (Germany)

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Cryocomp (US)

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Habonim (Israel)

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Parker (US)

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiativesn

9.10 Bray (US)

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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