Global Cryogenic Control Valve Market
The Global Cryogenic Control Valve Market was valued at USD 2156.21 million in 2020 which is expected to grow USD 3,101.3 million by 2030 at CAGR 4.6% from 2020-2030.
Cryogenic control valves are mechanical devices which control the flow & pressure within a system/process. These valves are essential components of a piping system which coneys liquids, gases, slurries, vapors, etc. Functions of cryogenic valves are stopping & starting the flow, controlling the direction of flow, regulating a flow/ process pressure as well as relive a pipe system of a certain pressure. These vales are used for fluids which have a temperature below 123 Kelvins.
Market Drivers
The rise in demand for floating production storage & offloading vessels is expected to drive the growth of global cryogenic control valve market over the forecast period. Also, the rise in demand for industrial gases in developed and developing countries like US, UK, Australia, Germany, China, and India is expected to boost the growth of global cryogenic control valve market over the forecast period. Several industrial gases are produced for specific applications in various industries. Some of the majority used industrial gases are nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium and others.
Cryogenic control valves are widely used for the transport, and storage of liquefied gases like compressed natural gas (CNG) & liquefied natural gas (LNG). The demand for liquified gases is increasing in cryo therapy for transportation and freezing of food products, removing skin abnormalities, cooling of superconductors, and cryo preservation of blood. It is expected to propel the growth of global cryogenic control valve market throughout the forecast period.
Market Restraints
Volatile metal prices increase the production is expected to hamper the growth of global cryogenic control valves market over the forecast period. Also, the high operation and maintenance cost may hinder the global cryogenic control valve market throughout the forecast period.
Market Segmentation
The Global Cryogenic Control Valve Market is segmented into type such as Globe Valve, Gate Valve, Check Valve, Ball Valve, Butterfly Valve, and others, by application such as Tanks & Cold Boxes, Liquefiers, Transfer lines, and Manifolds & Gas Trains. Further, market is segmented into end user such as Energy & Power, Chemicals, Food & Beverage, and Others.
Also, Global Cryogenic Control Valve Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Key Players
Various key plyers are listed in the report such as EMERSON ELECTRIC CO., IMI PLC, CRANE CO., KSB MIL CONTROLS LIMITED, RICHARDS INDUSTRIALS, NELES CORPORATION, SAMSON, FLOWSERVE CORPORATION, BAKER HUGHES, etc.
Market Taxonomy
By Type
By Application
By End User
By Region
Key Questions Addressed by the Report
Global Cryogenic Control Valve Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Cryogenic Control Valve Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Cryogenic Control Valve Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Cryogenic Control Valve Market Share Analysis, By Type
5.3 Global Cryogenic Control Valve Market Size and Forecast, By Type
5.3.1 Globe Valve
5.3.2. Gate Valve
5.3.3. Check Valve
5.3.4. Ball Valve
5.3.5. Butterfly Valve
5.3.6. Others
6 Global Cryogenic Control Valve Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Cryogenic Control Valve Market Share Analysis, By Application
6.3 Global Cryogenic Control Valve Market Size and Forecast, By Application
6.3.1 Tanks & Cold Boxes
6.3.2 Liquefiers
6.3.3. Transfer lines
6.3.4. Manifolds & Gas Trains
7 Global Cryogenic Control Valve Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Cryogenic Control Valve Market Share Analysis, By End User
7.3 Global Cryogenic Control Valve Market Size and Forecast, By End User
7.3. 1 Energy & Power
7.3.2. Chemicals
7.3.3. Food & Beverage
7.3.4. Others
8 Global Cryogenic Control Valve Market, By Region
8.1 Global Cryogenic Control Valve Market Share Analysis, By Region
8.2 Global Cryogenic Control Valve Market Share Analysis, By Region
8.3 Global Cryogenic Control Valve Market Size and Forecast, By Region
9 North America Cryogenic Control Valve Market Analysis and Forecast (2021-2030)
9.1 Introduction
9.2 North America Cryogenic Control Valve Market Share Analysis, By Type
9.3 North America Cryogenic Control Valve Market Size and Forecast, By Application
9.4 North America Cryogenic Control Valve Market Size and Forecast, By End User
9.5 North America Cryogenic Control Valve Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Cryogenic Control Valve Market Analysis and Forecast (2021-2030)
10.1 Introduction
10.2 Europe Cryogenic Control Valve Market Share Analysis, By Type
10.3 Europe Cryogenic Control Valve Market Size and Forecast, By Application
10.4 Europe Cryogenic Control Valve Market Size and Forecast, By End User
10.5 Europe Cryogenic Control Valve Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Cryogenic Control Valve Market Analysis and Forecast (2021-2030)
11.1 Introduction
11.2 Asia Pacific Cryogenic Control Valve Market Share Analysis, By Type
11.3 Asia Pacific Cryogenic Control Valve Market Size and Forecast, By Application
11.4 Asia Pacific Cryogenic Control Valve Market Size and Forecast, By End User
11.5 Asia Pacific Cryogenic Control Valve Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Cryogenic Control Valve Market Analysis and Forecast (2021-2030)
12.1 Introduction
12.2 Latin America Cryogenic Control Valve Market Share Analysis, By Type
12.3 Latin America Cryogenic Control Valve Market Size and Forecast, By Application
12.4 Latin America Cryogenic Control Valve Market Size and Forecast, By End User
12.5 Latin America Cryogenic Control Valve Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Cryogenic Control Valve Market Analysis and Forecast (2021-2030)
13.1 Introduction
13.2 Middle East Cryogenic Control Valve Market Share Analysis, By Type
13.3 Middle East Cryogenic Control Valve Market Size and Forecast, By Application
13.4 Middle East Cryogenic Control Valve Market Size and Forecast, By End User
13.5 Middle East Cryogenic Control Valve Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 EMERSON ELECTRIC CO
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. IMI PLC
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. CRANE CO
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 KSB MIL CONTROLS LIMITED
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 RICHARDS INDUSTRIALS
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 NELES CORPORATION
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 SAMSON
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 FLOWSERVE CORPORATION
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 BAKER HUGHES
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
