[126 Pages Report] The global cryogenic valve market was valued at USD 2.89 Billion in 2017 and is projected to reach at USD 3.75 Billion by 2023, at a CAGR of 4.51% during the forecast period. Rising LNG trade and increasing demand for industrial gases are the major factors driving the market of cryogenic valve.

The years considered for the study are as follows:

Base Year: 2017

Estimated Year: 2018

Projected Year: 2023

Forecast Period: From 2018 to 2023

The base year considered for company profiles is 2017. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

To define, describe, and forecast the global cryogenic valve market on the basis of type, application, gas, end-user, and region

To provide detailed information on major factors influencing the growth of the cryogenic valves market (drivers, restraints, opportunities, and industry-specific challenges)

To strategically analyze the cryogenic valves market with respect to individual growth trends, future prospects, and contribution of each segment to the market

To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders

To strategically profile key players and comprehensively analyze their market rankings and core competencies

To track and analyze competitive developments, such as acquisitions, contracts & agreements, and new product developments in the cryogenic valves market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover�s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global cryogenic Valves market. Primary sources are mainly industry experts from core and related industries, OEMs, vendors, suppliers, technology developers, alliances, and organizations related to all the segments of this industry�s value chain. The points given below explain the research methodology.

Study of the annual revenue and market developments of the major players providing cryogenic valves

Analysis of demand for cryogenic valves by end-users

Assessment of future trends and growth of end-users in the cryogenic valve market

Assessment of the cryogenic valves market with respect to various types

Study of market trends in various regions and countries, by end-users in the cryogenic valve market

Study of contracts and developments by key players across different regions in the cryogenic valve market

Finalization of overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies supplying cryogenic valves across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

To know about the assumptions considered for the study, download the pdf brochure

Market Ecosystem:

The cryogenic valves ecosystem comprises equipment manufacturers, such as, Flowserve (US), Herose (Germany), Emerson (US), L&T (India), Schlumberger (US), Samson (Germany), Cryocomp (US), Habonim (Israel), Parker (US), Bray (US), Velan (Canada), Weir Group (Scotland), Powell Valves (US), and BAC (Spain).

Target Audience:

The target audience of this report includes:

Cryogenic equipment manufacturers, dealers, and suppliers

LNG plant developers and service providers

LNG dealers

Cryogenic equipment Manufacturers� associations

Oil & gas companies

Power and energy associations

Scope of the Report:

By Application Tanks & Cold Boxes Liquefiers Transfer lines Manifolds & Gas Trains

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 Others

By Region North America Europe Asia Pacific Middle East & Africa South America



Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client�s specific needs. The following customization options are available for this report:

Regional Analysis

Further breakdown of region or country-specific analysis

Company Information

Detailed analysis and profiling of additional market players (up to five)

The global cryogenic valve market is projected to grow at a CAGR of 4.51%, to reach a market size of USD 3.75 Billion by 2023 from USD 3.00 Billion in 2018. Rising trade of LNG and high demand for industrial gases are the major factors driving the cryogenic valve market. The rising LNG trade has led to the growing demand for storage and transportation of cryogenic gases, which in turn has boosted the demand for cryogenic valves.

The report segments the cryogenic valve market, by gas, into LNG, nitrogen, oxygen, and others. The others segment includes argon, hydrogen, helium, and carbon dioxide. The LNG subsegment held the largest market in 2017 and is expected to grow at the fastest CAGR from 2018 to 2023.

Based on the type, the cryogenic valve market is segmented into ball valve, globe valve, gate valve, check valve, and others. The others segment includes control valves, safety valves, butterfly valves, and angle valves. The ball valve subsegment led the cryogenic valve market in 2017. The features of ball valves, such as high flow rate and easy operation compared to other valve types, have resulted in the largest share of the ball valve segment in the cryogenic valve market., Moreover, these valves are designed accordingly and are used in transportation, liquefied gas production, and storage applications.

Based on application, the cryogenic valve market is segmented into transfer lines, tanks & cold boxes, manifolds & gas trains, and liquefiers. The transfer lines subsegment held the largest market share in 2017 and is projected to dominate the market during the forecast period. The growing production and demand for liquefied gases is likely to drive the market for cryogenic valves, globally.

Based on the end-user segment, the cryogenic valve market is segmented into energy & power, chemicals, food & beverage, healthcare, and others. The energy & power subsegment led the cryogenic valve market in 2017 and is projected to dominate the market during the forecast period. The increasing LNG demand for power generation applications has led to the largest share of the energy & power segment in 2018.

In this report, the cryogenic valve market has been analyzed with respect to five regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The market in Asia Pacific is expected to lead the global cryogenic valve market during the forecast period due to the substantial growth in end-user industries, such as chemicals, electronics, metallurgy, and food & beverage in the region.

High demand from the chemical industry and increase in the energy demand can lead to opportunities in the cryogenic valve market. Volatile metal price can act as a restraint for the cryogenic valve market, leading to declining profits.

Some of the leading players in the cryogenic valve market include Schlumberger (US), Emerson (US), Parker (US), Flowserve (US), and Weir Group (Scotland). Contracts & agreements and acquisitions were the most adopted strategies by players to ensure their dominance in the cryogenic valve market.

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