Cryogenic Valve Market Insights
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
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4.8% for the next five years
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Major End-User Type
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Energy & power
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Major Type
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Ball valve
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Dominant Application Type
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Transfer lines
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Region with the highest demand
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Asia-Pacific
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Key Players
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Cryocomp, The Emerson Electric Company, The Flowserve Corporation, Larsen & Toubro Limited, Powell Valves, Schlumberger Limited, and Weir Group.
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Market Share Analysis
Cryogenic Valve Market Share: By End-User Type
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.
Cryogenic Valve Market Share: By Type
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.
Cryogenic Valve Market Share: By Application Type
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.
Cryogenic Valve Market Share: By Region
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.
Cryogenic Valve Market: Key Players
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.
Market Scope & segmentation
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
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5
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Regions Covered
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4
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Countries/Sub-Regions Covered
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15
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No. of Figures & Tables
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>150
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Company Profiles
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8
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The cryogenic valve market is segmented into the following categories.
Cryogenic Valve Market Size, Share, & Forecast, by End-User Type:
- Energy & Power (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Chemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Food & Beverage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Healthcare (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Cryogenic Valve Market Size, Share, & Forecast, by Gas Type:
- Liquified Natural Gas (LNG) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Nitrogen (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Oxygen (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Cryogenic Valve Market Size, Share, & Forecast, by Type:
- Ball Valve (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Glove Valve (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Gate Valve (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Check Valve (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Cryogenic Valve Market Size, Share, & Forecast, by Application Type:
- Transfer Lines (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Tanks & Cold Boxes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Manifolds & Gas Trains (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Liquefiers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Cryogenic Valve Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
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.
Report Features
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:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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].
