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Global Cryogenic Valve Market Size, Share, Trends, Forecast: By Type: Globe Valve, Gate Valve, Check valve, Ball Valve, Others; By Gas: Nitrogen, Oxygen, LNG, Others; By End Use: Energy and Power, Chemicals. Food and Beverage, Healthcare, Others; By Application; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Market Share by Gas
The LNG segment, based on gas, accounts for a healthy share of the cryogenic valve market. This can be attributed to the increasing application of LNG as a fuel in the residential and industrial sectors. LNG is used in cooking and heating homes, due to which it is witnessing a heightened demand in the residential sector. Commercial uses of LNG includes fertilisers, paints, and medicines, among others. Cryogenic valves are being deployed in liquefaction plants, gas tankers, and receiving LNG tank terminals, leading to a heightened growth of this segment. Moreover, LNG gas use of cryogenic valves is anticipated to be aided by the rapid transition from using conventional diesel to LNG as a fuel for ships, due to the lower levels of pollution generated by LNG.
Market Share by End Use
Based on end use, the energy and power segment accounts for a significant share in the cryogenic valve market. The globally increasing demand for electricity is bolstering the demand for oil and gas to meet the fuel requirements. Hence, cryogenic valves are witnessing a heightened deployment in oil and gas operations. Over the forecast period, the anticipated increase in growth of power plants, along with advancements in electricity distribution systems, is likely to propel the demand for cryogenic valves for efficient transportation of sensitive oils and gases. Moreover, the increasing drilling activities and growing advancements in oilfield explorations are further aiding the growth of the energy and power end uses of cryogenic valves.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cryogenic Valve Market Analysis
8.1 Key Industry Highlights
8.2 Global Cryogenic Valve Historical Market (2018-2023)
8.3 Global Cryogenic Valve Market Forecast (2024-2032)
8.4 Global Cryogenic Valve Market by Type
8.4.1 Globe Valve
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Gate Valve
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Check valve
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Ball Valve
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Cryogenic Valve Market by Gas
8.5.1 Nitrogen
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Oxygen
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 LNG
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Cryogenic Valve Market by End Use
8.6.1 Energy and Power
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Chemicals
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Food and Beverage
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Healthcare
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Cryogenic Valve Market by Application
8.7.1 Tanks and Cold Boxes
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Liquefiers
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Transfer Lines
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Manifolds and Gas Trains
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Cryogenic Valve Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Cryogenic Valve Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Cryogenic Valve Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Cryogenic Valve Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Cryogenic Valve Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Cryogenic Valve Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Flowserve Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 HEROSE GMBH
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Emerson Electric Co
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Samson Controls Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Cryofab, Inc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Habonim Industrial Valves & Actuators Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Powell Valves
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cryogenic Valve Market: Key Industry Highlights, 2018 and 2032
2. Global Cryogenic Valve Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Cryogenic Valve Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Cryogenic Valve Historical Market: Breakup by Gas (USD Million), 2018-2023
5. Global Cryogenic Valve Market Forecast: Breakup by Gas (USD Million), 2024-2032
6. Global Cryogenic Valve Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Cryogenic Valve Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Cryogenic Valve Historical Market: Breakup by Application (USD Million), 2018-2023
9. Global Cryogenic Valve Market Forecast: Breakup by Application (USD Million), 2024-2032
10. Global Cryogenic Valve Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Cryogenic Valve Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Cryogenic Valve Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Cryogenic Valve Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Cryogenic Valve Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Cryogenic Valve Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Cryogenic Valve Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Cryogenic Valve Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Cryogenic Valve Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Cryogenic Valve Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Cryogenic Valve Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Cryogenic Valve Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Cryogenic Valve Market Structure
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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