Cryogenic Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Cryogenic Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global cryogenic valves market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.79% during 2022-2028.

Cryogenic valves are designed to be utilized in air separation, chemical, or liquified natural gas (LNG) plants. They open in high-pressure conditions and allow the free flow of the gases until the pressure reduces. They assist in reducing the heat that enters the valve from outside, thereby keeping the packing gland temperature above 0 degrees Celsius and avoiding the stem and parts above the bonnet from freezing or frosting. At present, they are widely available in a variety of shapes and sizes to function under different pressure ranges.

Cryogenic Valves Market Trends:
A considerable rise in the utilization of cryogenic valves in the oil and gas industry represents one of the key factors strengthening the growth of the market. This can also be accredited to the growing recovery of oil production activities, which is further contributing to an increase in the production capacities of petrochemicals across the globe. Cryogenic valves are employed to store and transport cryogenic gases safely and efficiently. They are mainly designed for suitable integrity pressure protection and emergency shutdowns in temperatures as low as -196 degrees Celsius. Apart from this, cryogenic valves are effective, relatively inexpensive and they do not affect the color, taste, and flavors of the food. As a result, they are increasingly being employed in the food and beverage (F&B) industry. This, coupled with the burgeoning F&B sector, is supporting the market growth. Furthermore, cryogenic gases are extensively utilized for cryosurgery in the healthcare industry, which is positively influencing the sales of cryogenic valves around the world. Besides this, the market is also driven by product applications in rock concerts and theater stages worldwide.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cryogenic valves market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, gas and end use industry.

Breakup by Product:

Ball Valves
Check Valves
Gate Valves
Globe Valves

Breakup by Gas:

Liquid Nitrogen
Liquid Helium

Breakup by End Use Industry:

Oil and Gas
Energy and Power
Food and Beverages

Breakup by Region:

North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bac Valves, Bray International Inc., Cryofab, Emerson Electric Co., Flowserve Corporation, Habonim, Herose GmbH, L&T Valves Limited (Larsen & Toubro Limited), Parker-Hannifin Corporation, Powell Valves, Samson Aktiengesellschaft, Schlumberger Limited, The Weir Group PLC and Velan Inc.

Key Questions Answered in This Report:
How has the global cryogenic valves market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global cryogenic valves market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the gas?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global cryogenic valves market and who are the key players?
What is the degree of competition in the industry?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Cryogenic Valves Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Ball Valves
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Check Valves
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Gate Valves
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Globe Valves
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Gas
7.1 Liquid Nitrogen
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Liquid Helium
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Hydrogen
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Oxygen
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Chemical
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Oil and Gas
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Energy and Power
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Food and Beverages
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Medical
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Bac Valves Company Overview Product Portfolio
14.3.2 Bray International Inc. Company Overview Product Portfolio
14.3.3 Cryofab Company Overview Product Portfolio
14.3.4 Emerson Electric Co. Company Overview Product Portfolio Financials SWOT Analysis
14.3.5 Flowserve Corporation Company Overview Product Portfolio Financials SWOT Analysis
14.3.6 Habonim Company Overview Product Portfolio
14.3.7 Herose GmbH Company Overview Product Portfolio
14.3.8 L&T Valves Limited (Larsen & Toubro Limited) Company Overview Product Portfolio
14.3.9 Parker-Hannifin Corporation Company Overview Product Portfolio Financials SWOT Analysis
14.3.10 Powell Valves Company Overview Product Portfolio
14.3.11 Samson Aktiengesellschaft Company Overview Product Portfolio
14.3.12 Schlumberger Limited Company Overview Product Portfolio Financials SWOT Analysis
14.3.13 The Weir Group PLC Company Overview Product Portfolio Financials
14.3.14 Velan Inc. Company Overview Product Portfolio Financials SWOT Analysis

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