Global Cryogenic valves Market, By Gas (LNG, Oxygen, Nitrogen), By Type (Globe, Gate, Ball), By Appl

Published Date: | Report Code : EQ1958619

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High growth of Energy & Power, Food, Chemicals in the emerging regions is expected to drive the demand of Cryogenic valves Market during the forecast period. Some of the major end-use industries in cryogenic valves market have been witnessing strong growth in the emerging region such as Asia Pacific and Middle East.

Cryogenic valves are specifically designed in order to be used in low temperature or extreme cold applications. The increasing demand from the chemical industries and energy industries one of the major reasons which have propelled the growth of the global cryogenic valve market.

Segment Analysis:

The global cryogenic valve market is segmented on the basis of gas, type, application, and end-user

On the basis of gas, it is segmented into LNG, oxygen, and nitrogen. There has been a brisk rise in the demand for LNG due to its eco-friendly nature.

By type, it is segregated by globe, gate, and ball. The ball type of cryogenic valve is most widely used as it offers reliable air sealing and also offer efficient flow characteristics.

On the basis of application, it is divided into Tanks & Cold Boxes, Transfer Lines, Manifolds & Gas Trains. The transfer lines are mostly preferred as they help in easy transportation.

By end-user, it is classified into Energy & Power, Food, Chemicals. There rising demand for energy and power has also positively impacted the cryogenic valves market.

Key Factors Impacting Market Growth:

  • Their ability to be fully operational in low temperature or extreme cold applications

  • Rising need for LNG and other industrial gases.

Regional Outlook:

Major regions for cryogenic valve market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for cryogenic valve owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be Energy & Power, Food, Chemicals. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for cryogenic valvemarket in the North America and Western Europe region. Major markets by country in these regions include US, Germany, France, UK, Canada, Spain, and others.

Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, Energy & Power, Food, Chemicals are estimated to register high demand for cryogenic valve market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of cryogenic valve market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for cryogenic valve market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: lowserve Corporation, Herose, Emerson Electric Co, L&T Valves Limited., Samson Controls Inc., Cryocomp, Parker Hannifin Corp, The Weir Group PLC, Velan Inc, Bray International, Bac Valves, Powell Valves, and Valco Group.

Market Segmentation:

By Gas:

  • LNG

  • Oxygen

  • Nitrogen

By Type :

  • Globe

  • Gate

  • Ball

By Application :

  • Tanks & Cold Boxes

  • Transfer Lines

  • Manifolds & Gas Train

By End User:

  • Energy & Power

  • Food

  • Chemicals

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Gas

    • By Type

    • By Application

    • By End User

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Gas

    • By Type

    • By Application

    • By End User

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Gas

    • By Type

    • By Application

    • By End User

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Gas

    • By Type

    • By Application

    • By End User

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Gas

    • By Type

    • By Application

    • By End User

  • Rest of the World

    • By Region (South America, Africa)

    • By Gas

    • By Type

    • By Application

    • By End User

Reasons To Buy This Report:

  • Market size estimation of the global cryogenic valve market on regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

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