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Cryogenic Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

November 2023 | 140 pages | ID: C72281C4D214EN
IMARC Group

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The global cryogenic valves market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.79% during 2022-2028.

Cryogenic valves are designed to be utilized in air separation, chemical, or liquified natural gas (LNG) plants. They open in high-pressure conditions and allow the free flow of the gases until the pressure reduces. They assist in reducing the heat that enters the valve from outside, thereby keeping the packing gland temperature above 0 degrees Celsius and avoiding the stem and parts above the bonnet from freezing or frosting. At present, they are widely available in a variety of shapes and sizes to function under different pressure ranges.

Cryogenic Valves Market Trends:
A considerable rise in the utilization of cryogenic valves in the oil and gas industry represents one of the key factors strengthening the growth of the market. This can also be accredited to the growing recovery of oil production activities, which is further contributing to an increase in the production capacities of petrochemicals across the globe. Cryogenic valves are employed to store and transport cryogenic gases safely and efficiently. They are mainly designed for suitable integrity pressure protection and emergency shutdowns in temperatures as low as -196 degrees Celsius. Apart from this, cryogenic valves are effective, relatively inexpensive and they do not affect the color, taste, and flavors of the food. As a result, they are increasingly being employed in the food and beverage (F&B) industry. This, coupled with the burgeoning F&B sector, is supporting the market growth. Furthermore, cryogenic gases are extensively utilized for cryosurgery in the healthcare industry, which is positively influencing the sales of cryogenic valves around the world. Besides this, the market is also driven by product applications in rock concerts and theater stages worldwide.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cryogenic valves market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, gas and end use industry.

Breakup by Product:

Ball Valves
Check Valves
Gate Valves
Globe Valves
Others

Breakup by Gas:

Liquid Nitrogen
Liquid Helium
Hydrogen
Oxygen
Others

Breakup by End Use Industry:

Chemical
Oil and Gas
Energy and Power
Food and Beverages
Medical
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bac Valves, Bray International Inc., Cryofab, Emerson Electric Co., Flowserve Corporation, Habonim, Herose GmbH, L&T Valves Limited (Larsen & Toubro Limited), Parker-Hannifin Corporation, Powell Valves, Samson Aktiengesellschaft, Schlumberger Limited, The Weir Group PLC and Velan Inc.

Key Questions Answered in This Report:
How has the global cryogenic valves market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global cryogenic valves market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the gas?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global cryogenic valves market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL CRYOGENIC VALVES MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1 Ball Valves
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Check Valves
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Gate Valves
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Globe Valves
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Others
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY GAS

7.1 Liquid Nitrogen
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Liquid Helium
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Hydrogen
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Oxygen
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Others
  7.5.1 Market Trends
  7.5.2 Market Forecast

8 MARKET BREAKUP BY END USE INDUSTRY

8.1 Chemical
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Oil and Gas
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Energy and Power
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Food and Beverages
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Medical
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6 Others
  8.6.1 Market Trends
  8.6.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Bac Valves
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2 Bray International Inc.
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
  14.3.3 Cryofab
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
  14.3.4 Emerson Electric Co.
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
    14.3.4.4 SWOT Analysis
  14.3.5 Flowserve Corporation
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
    14.3.5.3 Financials
    14.3.5.4 SWOT Analysis
  14.3.6 Habonim
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7 Herose GmbH
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 L&T Valves Limited (Larsen & Toubro Limited)
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9 Parker-Hannifin Corporation
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
    14.3.9.4 SWOT Analysis
  14.3.10 Powell Valves
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
  14.3.11 Samson Aktiengesellschaft
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
  14.3.12 Schlumberger Limited
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
    14.3.12.3 Financials
    14.3.12.4 SWOT Analysis
  14.3.13 The Weir Group PLC
    14.3.13.1 Company Overview
    14.3.13.2 Product Portfolio
    14.3.13.3 Financials
  14.3.14 Velan Inc.
    14.3.14.1 Company Overview
    14.3.14.2 Product Portfolio
    14.3.14.3 Financials
    14.3.14.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Cryogenic Valves Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Cryogenic Valves Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Cryogenic Valves Market Forecast: Breakup by Gas (in Million US$), 2023-2028
Table 4: Global: Cryogenic Valves Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 5: Global: Cryogenic Valves Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Cryogenic Valves Market: Competitive Structure
Table 7: Global: Cryogenic Valves Market: Key Players

LIST OF FIGURES

Figure 1: Global: Cryogenic Valves Market: Major Drivers and Challenges
Figure 2: Global: Cryogenic Valves Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Cryogenic Valves Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Cryogenic Valves Market: Breakup by Product (in %), 2022
Figure 5: Global: Cryogenic Valves Market: Breakup by Gas (in %), 2022
Figure 6: Global: Cryogenic Valves Market: Breakup by End Use Industry (in %), 2022
Figure 7: Global: Cryogenic Valves Market: Breakup by Region (in %), 2022
Figure 8: Global: Cryogenic Valves (Ball Valves) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Cryogenic Valves (Ball Valves) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Cryogenic Valves (Check Valves) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Cryogenic Valves (Check Valves) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Cryogenic Valves (Gate Valves) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Cryogenic Valves (Gate Valves) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Cryogenic Valves (Globe Valves) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Cryogenic Valves (Globe Valves) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Cryogenic Valves (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Cryogenic Valves (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Cryogenic Valves (Liquid Nitrogen) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Cryogenic Valves (Liquid Nitrogen) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Cryogenic Valves (Liquid Helium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Cryogenic Valves (Liquid Helium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Cryogenic Valves (Hydrogen) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Cryogenic Valves (Hydrogen) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Cryogenic Valves (Oxygen) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Cryogenic Valves (Oxygen) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Cryogenic Valves (Other Gases) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Cryogenic Valves (Other Gases) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Cryogenic Valves (Chemical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Cryogenic Valves (Chemical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Cryogenic Valves (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Cryogenic Valves (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Cryogenic Valves (Energy and Power) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Cryogenic Valves (Energy and Power) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Cryogenic Valves (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Cryogenic Valves (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Cryogenic Valves (Medical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Cryogenic Valves (Medical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Cryogenic Valves (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Cryogenic Valves (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: North America: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: North America: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: United States: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: United States: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Canada: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Canada: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Asia-Pacific: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Asia-Pacific: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: China: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: China: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Japan: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Japan: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: India: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: India: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: South Korea: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: South Korea: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Australia: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Australia: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Indonesia: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Indonesia: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Europe: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Europe: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Germany: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Germany: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: France: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: France: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: United Kingdom: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: United Kingdom: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Italy: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Italy: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Spain: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Spain: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Russia: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Russia: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Latin America: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Latin America: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Brazil: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Brazil: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Mexico: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Mexico: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Middle East and Africa: Cryogenic Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Middle East and Africa: Cryogenic Valves Market: Breakup by Country (in %), 2022
Figure 88: Middle East and Africa: Cryogenic Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Global: Cryogenic Valves Industry: SWOT Analysis
Figure 90: Global: Cryogenic Valves Industry: Value Chain Analysis
Figure 91: Global: Cryogenic Valves Industry: Porter's Five Forces Analysis


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