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Cryogenic Valve Market | Covid-19 Impact Analysis
Cryogenic Valve Market is Segmented by End-User Type (Energy & Power, Chemicals, Food & Beverage, Healthcare, and Others), by Gas Type (Liquified Natural Gas, Nitrogen, Oxygen, and Others), by Type (Ball Valve, Globe Valve, Gate Valve, Check Valve, and Others), by Application Type (Transfer Lines, Tanks & Cold Boxes, Manifolds & Gas Trains, and Liquefiers), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Cryogenic Valve Market is likely to witness a healthy CAGR of 4.8% during the forecast period. Increasing trade of LNG has led to the high demand for storage and transportation of cryogenic gases, which in turn is driving the demand for cryogenic valves. Further, high demand for industrial gases is acting as a catalyst towards the growth of cryogenic valves.
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Cryogenic Valve Market - Snapshot |
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Growth |
4.8% for the next five years |
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Major End-User Type |
Energy & power |
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Major Type |
Ball valve |
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Dominant Application Type |
Transfer lines |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
Cryocomp, The Emerson Electric Company, The Flowserve Corporation, Larsen & Toubro Limited, Powell Valves, Schlumberger Limited, and Weir Group. |
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Based on the end-user type, the market is segmented as energy & power, chemicals, food & beverage, healthcare, and others. The energy & power segment is estimated to be the largest market for cryogenic valves during the forecast period. The increasing demand for LNG owing to meet the rising demand for power generation is the major factor behind the dominance of the energy & power sector.
Based on the type, the market is segmented as ball valve, globe valve, gate valve, check valve, and others. The ball valve offers superior features such as high flow rate and easy operating in comparison to other valve types. Further, these valves are designed based on the requirement of applications for their use in transportation, LNG production, and storage applications.
Based on the application type, the market is segmented as transfer lines, tanks & cold boxes, manifolds & gas trains, and liquefiers. The transfer lines sub-segment dominated the market and is expected to remain dominant during the forecast period. The increasing demand for LNG drives the growth of the transfer lines segment.
In terms of regions, Asia-Pacific is expected to be the largest market for cryogenic valves in the coming five years. The market is driven by the growth in end-use industries, primarily owing to the economic development in the region, dependable supply chain, cheap labor, and huge consumer base.
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Some of the major players in the cryogenic valves market are-
Cryogenic Valve is for the purpose of reacting to high pressure for allowing the valve to open and the gas to flow through. It is used to keep the cryogenic gases in closed-form in order to keep them secure.
Cryogenic Valve can be of ball valve, glove valve, gate valve, check valve, and others. The valve is used in the application of transfer lines, tanks & cold boxes, manifolds and gas trains, and liquefiers.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Cryogenic Valve Market Report - Features |
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Market Segmentation |
5 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
8 |
The cryogenic valve market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
Cryogenic Valve is for the purpose of reacting to high pressure for allowing the valve to open and the gas to flow through. It is used to keep the cryogenic gases in closed-form in order to keep them secure. Cryogenic Valve can be of ball valve, glove valve, gate valve, check valve, and others. The valve is used in the application of transfer lines, tanks & cold boxes, manifolds and gas trains, and liquefiers.
Cryogenic Valve Market is likely to witness a healthy CAGR of 4.8% during the forecast period. Increasing trade of LNG has led to the high demand for storage and transportation of cryogenic gases, which in turn is driving the demand for cryogenic valves. Further, high demand for industrial gases is acting as a catalyst towards the growth of cryogenic valves.
In terms of regions, Asia-Pacific is expected to be the largest market for cryogenic valves in the coming five years.
Some of the major players in the cryogenic valves market are Cryocomp, The Emerson Electric Company, The Flowserve Corporation, Larsen & Toubro Limited, Powell Valves, Schlumberger Limited, and Weir Group.
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