Market Overview:
The global cryogenic industrial valve market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cryogenic valves from various end-use industries, such as oil & gas, water & wastewater, energy & power, chemical, food & beverages, pharmaceuticals and building & construction. In addition, the growing demand for liquefied natural gas (LNG) is also contributing to the growth of the global cryogenic industrial valve market. The ball valves segment is expected to hold a dominant position in the global cryogenic industrial valve market during the forecast period. This can be attributed to their ability to handle high pressure and temperature conditions without any leakage or loss of fluid content.
Product Definition:
Cryogenic valves are used in systems that use or produce very low temperatures, typically below -200°F (-129°C). Common applications include cryogenically cooling components in medical and scientific equipment, preserving food and drink, and manufacturing products such as LCD screens. Cryogenic valves must be made of materials that can withstand the extreme cold without fracturing or becoming brittle. Many are also designed to prevent the formation of ice crystals inside the valve, which could cause it to jam or stop functioning properly.
Ball Valves:
Cryogenic industrial valves are used in the processing industry for controlling and monitoring processes at extremely low temperatures. The growth factor of this market is driven by increasing demand from various end-use industries such as petroleum, chemical, petrochemical, power generation & distribution and aerospace.
Butterfly Valves:
Butterfly valves are used in cryogenic industrial valve market to control the flow of fluid through the valve. It is a two-position, one way orifice that has small opening at its base and connects to another device or system. The main function of this valve is to allow controlled flow from one side and blockage from other side thus controlling the pressure loss across it.
Application Insights:
The oil & gas segment dominated the global cryogenic industrial valve market in 2017, accounting for a revenue share of over 30%. The increasing need to extract hydrocarbons from deep beneath the surface of the earth has led to an increased demand for cryogenic equipment. This equipment is used to transport these hydrocarbons through processing plants and onto tankers, thereby reducing their volume and cost.
Cryogenic liquids are used in various industries including oil & gas, chemical manufacturing, food & beverages processing as well as pharmaceuticals. In addition to being used directly by end-use industries such as energy & power generation or water treatment; they are also utilized within petrochemical plants or refineries where they serve multiple purposes such as cooling systems or process heat transfer media among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand from end-use industries, such as chemical, oil and gas, water and wastewater treatment. In addition, rising investments in infrastructure development are also anticipated to drive market growth in this region. For instance, China’s 13th Five Year Plan (2016 - 2020) has envisaged massive investments in various sectors including energy conservation and power generation with a total investment of USD X billion by 2020.
Growth Factors:
- Increasing demand for cryogenic valves in the oil and gas industry as a result of increasing exploration and production activities
- Rising demand for cryogenic valves from the chemical processing industry due to growth in the manufacturing sector
- Growing popularity of liquefied natural gas (LNG) as a fuel source, which is driving investments in LNG infrastructure, including cryogenic valve systems
- Rapid expansion of the global refrigerated transport market, which is boosting demand for cryogenic valves used in food and beverage transportation applications
- Technological advancements that are resulting in more efficient and reliable cryogenic valves
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogenic Industrial Valve Market Research Report
By Type
Ball Valves, Butterfly Valves, Gate Valves, Glove Valves, Plug Valves, Check Valves, Diaphragm Valves, Safety Valves
By Application
Oil & Gas, Water & Wastewater, Energy & Power, Chemical, Food & Beverages, Pharmaceutical, Building & Construction, Others
By Companies
AVK Holding, Avcon Controls Private Limited, Crane Co, Emerson, Flowserve, Forbes Marshall, Samson AG, Spirax Sarco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Cryogenic Industrial Valve Market Report Segments:
The global Cryogenic Industrial Valve market is segmented on the basis of:
Types
Ball Valves, Butterfly Valves, Gate Valves, Glove Valves, Plug Valves, Check Valves, Diaphragm Valves, Safety Valves
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Water & Wastewater, Energy & Power, Chemical, Food & Beverages, Pharmaceutical, Building & Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AVK Holding
- Avcon Controls Private Limited
- Crane Co
- Emerson
- Flowserve
- Forbes Marshall
- Samson AG
- Spirax Sarco
Highlights of The Cryogenic Industrial Valve Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ball Valves
- Butterfly Valves
- Gate Valves
- Glove Valves
- Plug Valves
- Check Valves
- Diaphragm Valves
- Safety Valves
- By Application:
- Oil & Gas
- Water & Wastewater
- Energy & Power
- Chemical
- Food & Beverages
- Pharmaceutical
- Building & Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cryogenic Industrial Valve Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cryogenic industrial valves are used in cryogenic applications, such as oil and gas production, chemical processing, and food processing. They are designed to operate at very low temperatures (-196 degrees Fahrenheit or -320 degrees Celsius), which makes them ideal for use in harsh environments.
Some of the major companies in the cryogenic industrial valve market are AVK Holding, Avcon Controls Private Limited, Crane Co, Emerson, Flowserve, Forbes Marshall, Samson AG, Spirax Sarco.
The cryogenic industrial valve market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cryogenic Industrial Valve Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cryogenic Industrial Valve Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cryogenic Industrial Valve Market - Supply Chain
4.5. Global Cryogenic Industrial Valve Market Forecast
4.5.1. Cryogenic Industrial Valve Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cryogenic Industrial Valve Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cryogenic Industrial Valve Market Absolute $ Opportunity
5. Global Cryogenic Industrial Valve Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Cryogenic Industrial Valve Market Size and Volume Forecast by Type
5.3.1. Ball Valves
5.3.2. Butterfly Valves
5.3.3. Gate Valves
5.3.4. Glove Valves
5.3.5. Plug Valves
5.3.6. Check Valves
5.3.7. Diaphragm Valves
5.3.8. Safety Valves
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cryogenic Industrial Valve Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Cryogenic Industrial Valve Market Size and Volume Forecast by Application
6.3.1. Oil & Gas
6.3.2. Water & Wastewater
6.3.3. Energy & Power
6.3.4. Chemical
6.3.5. Food & Beverages
6.3.6. Pharmaceutical
6.3.7. Building & Construction
6.3.8. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cryogenic Industrial Valve Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Cryogenic Industrial Valve Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Cryogenic Industrial Valve Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Cryogenic Industrial Valve Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Cryogenic Industrial Valve Demand Share Forecast, 2019-2026
9. North America Cryogenic Industrial Valve Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Cryogenic Industrial Valve Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Cryogenic Industrial Valve Market Size and Volume Forecast by Application
9.4.1. Oil & Gas
9.4.2. Water & Wastewater
9.4.3. Energy & Power
9.4.4. Chemical
9.4.5. Food & Beverages
9.4.6. Pharmaceutical
9.4.7. Building & Construction
9.4.8. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cryogenic Industrial Valve Market Size and Volume Forecast by Type
9.7.1. Ball Valves
9.7.2. Butterfly Valves
9.7.3. Gate Valves
9.7.4. Glove Valves
9.7.5. Plug Valves
9.7.6. Check Valves
9.7.7. Diaphragm Valves
9.7.8. Safety Valves
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Cryogenic Industrial Valve Demand Share Forecast, 2019-2026
10. Latin America Cryogenic Industrial Valve Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Cryogenic Industrial Valve Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Cryogenic Industrial Valve Market Size and Volume Forecast by Application
10.4.1. Oil & Gas
10.4.2. Water & Wastewater
10.4.3. Energy & Power
10.4.4. Chemical
10.4.5. Food & Beverages
10.4.6. Pharmaceutical
10.4.7. Building & Construction
10.4.8. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cryogenic Industrial Valve Market Size and Volume Forecast by Type
10.7.1. Ball Valves
10.7.2. Butterfly Valves
10.7.3. Gate Valves
10.7.4. Glove Valves
10.7.5. Plug Valves
10.7.6. Check Valves
10.7.7. Diaphragm Valves
10.7.8. Safety Valves
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Cryogenic Industrial Valve Demand Share Forecast, 2019-2026
11. Europe Cryogenic Industrial Valve Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Cryogenic Industrial Valve Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Cryogenic Industrial Valve Market Size and Volume Forecast by Application
11.4.1. Oil & Gas
11.4.2. Water & Wastewater
11.4.3. Energy & Power
11.4.4. Chemical
11.4.5. Food & Beverages
11.4.6. Pharmaceutical
11.4.7. Building & Construction
11.4.8. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cryogenic Industrial Valve Market Size andVolume Forecast by Type
11.7.1. Ball Valves
11.7.2. Butterfly Valves
11.7.3. Gate Valves
11.7.4. Glove Valves
11.7.5. Plug Valves
11.7.6. Check Valves
11.7.7. Diaphragm Valves
11.7.8. Safety Valves
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Cryogenic Industrial Valve Demand Share, 2019-2026
12. Asia Pacific Cryogenic Industrial Valve Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Cryogenic Industrial Valve Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Cryogenic Industrial Valve Market Size and Volume Forecast by Application
12.4.1. Oil & Gas
12.4.2. Water & Wastewater
12.4.3. Energy & Power
12.4.4. Chemical
12.4.5. Food & Beverages
12.4.6. Pharmaceutical
12.4.7. Building & Construction
12.4.8. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cryogenic Industrial Valve Market Size and Volume Forecast by Type
12.7.1. Ball Valves
12.7.2. Butterfly Valves
12.7.3. Gate Valves
12.7.4. Glove Valves
12.7.5. Plug Valves
12.7.6. Check Valves
12.7.7. Diaphragm Valves
12.7.8. Safety Valves
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Cryogenic Industrial Valve Demand Share, 2019-2026
13. Middle East & Africa Cryogenic Industrial Valve Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Cryogenic Industrial Valve Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Cryogenic Industrial Valve Market Size and Volume Forecast by Application
13.4.1. Oil & Gas
13.4.2. Water & Wastewater
13.4.3. Energy & Power
13.4.4. Chemical
13.4.5. Food & Beverages
13.4.6. Pharmaceutical
13.4.7. Building & Construction
13.4.8. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cryogenic Industrial Valve Market Size and Volume Forecast by Type
13.7.1. Ball Valves
13.7.2. Butterfly Valves
13.7.3. Gate Valves
13.7.4. Glove Valves
13.7.5. Plug Valves
13.7.6. Check Valves
13.7.7. Diaphragm Valves
13.7.8. Safety Valves
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Cryogenic Industrial Valve Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Cryogenic Industrial Valve Market: Market Share Analysis
14.2. Cryogenic Industrial Valve Distributors and Customers
14.3. Cryogenic Industrial Valve Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AVK Holding
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Avcon Controls Private Limited
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Crane Co
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Emerson
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Flowserve
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Forbes Marshall
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Samson AG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Spirax Sarco
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
