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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Flowserve Corporation is a leading machine industry company which provides efficient fluid motion and control products and services. The vast product portfolio of the company includes pumps, seals, valves, actuation and instrument, energy recovery device, and decoking system, among others. It was found in 1997 and is currently headquartered in Texas, United States.
HEROSE GMBH is a prominent manufacturer of valves for industrial use. The company also provides safety services across the globe for the handling of technical gases, steams, and liquids. HEROSE supplies technical equipment for cryogenic technology, LNG applications, industrial applications, and oil-cooled transformers, among others. Founded in 1873, the company is currently based out of Schleswig-Holstein, Germany.
Emerson Electric Co is a leading manufacturing company which provides engineering services for industrial, commercial, and consumer markets. The product portfolio of this company includes digital valve controllers, mount transmitters, flow meters, health analysers, and pressure regulators, among others. The company was established in 1890 and is currently headquartered in Missouri in the United States.
Other market players include Samson Controls Inc., Cryofab, Inc, Habonim Industrial Valves & Actuators Ltd., and Powell Valves, among others.
Cryogenic Valve Market Report Snapshots
Cryogenic Valve Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of USD 3.94 billion in 2023.
The market is estimated to grow at a CAGR of 6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 6.68 billion by 2032.
The increasing applications of cryogenic valves in various sectors, improving safety standards of transportation, increasing demand for LNG, and thriving energy and power sector are the major drivers of the market.
The key trends in the market include the stringent safety regulations of various government for the industrial sector and technological advancements in valve technology.
Globe valve, gate valve, check valve, and ball valve, among others, are the different types of cryogenic valves in the market.
Nitrogen, oxygen, and LNG, among others, are the various gases in the market.
The different applications in the market are tanks and cold boxes, liquefiers, transfer lines, and manifolds and gas trains, among others.
The material usually used in cryogenic valves is stainless steel.
Flowserve Corporation, HEROSE GMBH, Emerson Electric Co, Samson Controls Inc., Cryofab, Inc, Habonim Industrial Valves & Actuators Ltd., and Powell Valves, among others, are the key players in the cryogenic valve market, according to the report.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124