Cryogenic Valve Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Globe Valve, Ball Valve, Gate Valve, Butterfly Valve, Check Valve), By Application (Liquefiers, Manifolds And Gas Trains, Tanks And Cold Boxes, Transfer Lines), By End User Industry (Energy And Power, Food And Beverage, Pharmaceuticals, Chemical, Others), And By Geography - Forecasts From 2019 To 2024

Published:  Mar 2021 Report Code: KSI061612358 Pages: 118

The cryogenic valve market was estimated at US$1,932.817 million in 2018 and is projected to expand at a CAGR of 5.03% during the forecast period to grow to US$2,594.699 million in 2024. Cryogenic valves help in the production, storage, and transportation of cryogenic gases as the volume of industrial and natural gases reduce when liquified at cryogenic temperatures. The growth in the cryogenic valve market is primarily attributed to the rising demand and production of industrial gases such as nitrogen, oxygen, helium, and others. These are also used by companies that work with Liquified Natural Gas (LNG) and Compressed Natural Gas (CNG).

Growing industries such as food and beverage and pharmaceuticals owing to rising demand for processed food products and rising prevalence of chronic diseases is, in turn, boosting the demand for cryogenic valves across these end-user industries. An increase in usage of LPG and CNG as fuel with a low carbon footprint is creating significant opportunities for manufacturers of cryogenic valves. Volatile metal prices can act as a restraint for market growth resulting in declining profits. By type, the ball valve segment holds a significant market share as these valves are designed for transportation, liquefied gas productions, and storage applications. Geographically, APAC is projected to witness the fastest growth owing to the expansion of the manufacturing bases of end-user industries in countries like China and India.

DRIVERS
• Rising demand and production of industrial and natural gases
• Growth of food processing industry
• Growth of the pharmaceutical industry

RESTRAINT
• Unstable metal prices

INDUSTRY UPDATE
• In September 2015, Parker Hannifin, a maker of motion and control technologies acquired UK firm President Engineering group that makes cryogenic valves for liquefied natural gas and industrial gas applications, as well as specialized equipment for mining safety uses.

Cryogenic Valve Market Scope:

Report Metric Details
 Market size value in 2018  US$1,932.817 million
 Market size value in 2024  US$2,594.699 million
 Growth Rate  CAGR of 5.03% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Million
 Segments covered  Type, Application, End-Use Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Bac Valves, Emerson Electric Co., Goetze KG, Cryocomp, L&T Valves Limited, Velan,   Schlumberger, Habonim, Herose GmbH, Bray
 Customization scope  Free report customization with purchase

SEGMENTATION

The cryogenic valve market has been analyzed through the following segments:

• By Type
o Globe Valve
o Ball Valve
o Gate Valve
o Butterfly Valve
o Check Valve

• By Application
o Liquefiers
o Manifolds and Gas Trains
o Tanks and Cold Boxes
o Transfer Lines

• By End-Use Industry
o Energy and Power
o Food and Beverage
o Pharmaceuticals
o Chemical
o Others

• By Geography
o North America
? USA
? Canada
? Mexico

• South America
o Brazil
o Argentina
o Others

• Europe
o Germany
o France
o United Kingdom
o Spain
o Others

• Middle East and Africa
o Saudi Arabia
o Israel
o Others

• Asia Pacific
o China
o Japan
o South Korea
o India
o Others


Frequently Asked Questions (FAQs)

Q1. What will be the cryogenic valve market size by 2024?
A1. The cryogenic valve market is projected to reach a total market size of US$2,594.699 million in 2024.
 
Q2. What are the growth prospects for cryogenic valve market?
A2. The cryogenic valve market is projected to expand at a CAGR of 5.03% during the forecast period.
 
Q3. What is the size of global cryogenic valve market?
A3. Cryogenic Valve market was valued at US$1,932.817 million in 2018.
 
Q4. What factors are anticipated to drive cryogenic valve market growth?
A4. The growth in cryogenic valve market is primarily attributed to the rising demand and production of industrial gases such as nitrogen, oxygen, helium, and others. 
 
Q5. Which region holds the largest market share in the cryogenic valve market?
A5. Geographically, APAC is projected to witness the fastest growth owing to the expansion of the manufacturing bases of end-user industries in countries like China and India.

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. CRYOGENIC VALVE MARKET BY TYPE
5.1. Globe Valve
5.2. Ball Valve
5.3. Gate Valve
5.4. Butterfly valve
5.5. Check valve
5.6. Others
6. CRYOGENIC VALVE MARKET BY APPLICATION
6.1. Liquefiers
6.2. Manifold and Gas Trains
6.3. Tanks and Cold Boxes
6.4. Transfer Lines
6.5. Others
7. CRYOGENIC VALVE MARKET BY END USE INDUSTRY
7.1 Energy and Power
7.2 Food and Beverage
7.3 Pharmaceuticals
7.4 Chemical
7.5 Others
8. CRYOGENIC VALVE MARKET BY GEOGRAPHY
8.1. North America
8.1.1. USA
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. United Kingdom
8.3.4. Spain
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Saudi Arabia
8.4.2. Israel
8.4.3. Others
8.5. Asia Pacific
8.5.1. China
8.5.2. Japan
8.5.3. South Korea
8.5.4. India
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players
10. COMPANY PROFILES
10.1. Bac Valves
10.2. Emerson Electric Co
10.3. Goetze KG
10.4. Cryocomp.
10.5. L&T Valves Limited
10.6. Velan
10.7. Schlumberger
10.8. Habonim
10.9. Heroes GmbH
10.10. Bray
LIST OF FIGURES
LIST OF TABLES

Bac Valves
Emerson Electric Co.
Goetze KG
Cryocomp
L&T Valves Limited
Velan
Schlumberger
Habonim
Herose GmbH
Bray

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