Cryogenic Control Valve Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Globe Control Valves, Ball Control Valves, Butterfly Control Valves, and Others) and Application (Power Generation, Oil and Gas, Food and beverages, and Others)

Publication Month: Jul 2021 | Report Code: TIPRE00023978 | No. of Pages: 151 | Category: Manufacturing and Construction | Status: Published

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The cryogenic control valve market is expected to grow from US$ 2,267.07 million in 2021 to US$ 3,117.79 million by 2028; it is estimated to grow at a CAGR of 4.7% during 2021–2028.

 

There is an increase in demand for industrial gases in developed as well as developing countries such as the UK, the US, Australia, Germany, India, and China. Various industrial gases are produced for specific applications in various industries. Some of the majorly used industrial gases are oxygen, nitrogen, argon, carbon dioxide, helium, hydrogen, and acetylene, among others. Cryogenic valves are widely used for transport, use, and storage of liquefied gases such as compressed natural gas (CNG) and liquefied natural gas (LNG). In India, CNG car sales recorded 49% year-on-year growth in FY 2021 and its market share has grown from 4% in 2020 to 6% in 2021. The demand for liquefied gases such as liquid nitrogen, is increasing in cryo therapy for removing skin abnormalities, transportation and freezing of food products, cooling of superconductors, and cryo preservation of blood.

For the production of oxygen, cryogenic valves are used in air separation plants on a large scale. Growing requirement of oxygen in recent times is also a driving factor contributing toward the growth of the cryogenic control valves market. Various types of cryogenic valves required for the gas industry are gate valve, check valve, globe valve, lift check valve, ball valve, pinch valve, stop check valve, butterfly valve, tilting-disc check valve, plug valve, diaphragm valve, safety valve, and pressure relief valve. With the rise in requirement for industrial gases in various industries like chemicals, petrochemicals, steelmaking, mining, environmental protection, metals, medicine, biotechnology, pharmaceuticals etc., demand for mentioned valves is also anticipated to increase considerably.

 

Impact of COVID-19 Pandemic on Cryogenic control valve market

The COVID-19 pandemic has negatively influenced the overall oil & gas industry owing to considerable disruption in the supply chain activities coupled with the several countries sealing off their international trade in the wake of the pandemic. Further, the global oil & gas prices plummeted significantly owing to limited demand and continuous production by the oil producing countries caused considerable decline in production activities among the major oil producing countries. Consequently, the discontinuation of oil & gas activities disrupted the demand for related products and services, such as cryogenic valves.

Amid the COVID-19 pandemic, food processing business has increased significantly owing to the surge in demand for consumer goods. This development has stabilized the use of cryogenic valves at some extent. Hence, the pandemic has negatively impacted the cryogenic control valve market during the first two quarter of 2020. However, the demand resumed with the continuation of economic activities. Thus, the global market is projected to recover the lack of demand in the coming months and the subsequent years.

 

Lucrative Regions for Cryogenic Control Valve Providers

Lucrative Regions for Cryogenic Control Valve Providers

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Cryogenic control valve market Insights

Growing Demand for FSRU and FPSO Fuels Growth of Cryogenic control valve market

In recent times, the demand for floating production storage and offloading (FPSO) unit and floating storage regasification unit (FSRU) has increased to a considerable level. An FPSO unit is widely utilized for processing and production of hydrocarbon and oil storage by the oil & gas industry. For transfer and transition of liquefied natural gas (LNG) through oceanic channels, an FSRU is required. According to the Organization of the Petroleum Exporting Countries (OPEC), global oil demand is predicted to grow from 38 million barrels per day to 115 million barrels per day by 2025 with annual average growth of 1.6 million barrels per day or 1.7%, from 2002 to 2025. Considering technology feasibility, mobility, availability, scheduling, commercial flexibility, and lower cost, FSRUs are gaining popularity across the world. With the increasing use of natural gases, Asia pacific is anticipated to be the largest FSRU market in coming years. Cryogenic valves of respective types are broadly used at FPSO units and FSRUs. This is expected to drive the cryogenic valves market across the globe.

 

Type - Based Market Insights

Based on type, the cryogenic control valve market is sub-segmented into globe control valves, ball control valves, butterfly control valves, and others. In 2020, the others segment accounted for the largest market share.

 

Cryogenic Control Valve Market, by Type, 2020 and 2028 (%)

Cryogenic Control Valve Market, by Type, 2020 and 2028 (%)

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Application-Based Market Insights

Based on application, the cryogenic control valve market is segmented into power generation, oil and gas, food and beverages, and other applications. In 2020, the oil and gas segment accounted for the largest market share.

 

Strategic Insights

The players operating in the cryogenic control valve market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

  • In June 2021, Baker Hughes and Borg CO2 announced memorandum of understanding regarding collaboration on a carbon capture and storage project. This project will serve as a hub for the decarbonization of industrial spaces in the Viken region of Norway.
  • In March 2021, Emerson introduced a series of three way and two way solenoid valves that support original equipment manufacturers’ requirement to develop more compact equipment and machines without compromising on fluid control performance.
The Global Cryogenic Control Valve Market has been Segmented as Mentioned Below:

By Type

  • Globe Control Valves
  • Ball Control Valves
  • Butterfly Control Valves
  • Others

 

By Application

  • Power Generation
  • Oil and Gas
  • Food and beverages
  • Other Applications

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

 

Company Profiles

  • Baker Hughes Company
  • Emerson Electric Co.
  • Flowserve Corporation
  • Velan Inc.
  • KORVAL Co., Ltd.
  • Larsen & Toubro Limited
  • Neles Corporation
  • SAMSON USA
  • Bac Valves
  • Richards Industrials

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Cryogenic Control Valve Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America

4.2.2        Europe

4.2.3        APAC

4.2.4        MEA

4.2.5        SAM

4.3       Ecosystem Analysis

4.4       Expert Opinions

5.             Cryogenic Control Valve Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Rising Demand for Industrial Gases Worldwide

5.1.2        Growing Demand for FSRU and FPSO

5.2       Market Restraints

5.2.1        Increasing Cost of Production

5.3       Market Opportunities

5.3.1        Growing Power Generation Sector

5.4       Market Trends

5.4.1        Surging Use in Health Care Sector

5.5       Impact Analysis of Drivers And Restraints

6.             Cryogenic Control Valve – Global Market Analysis

6.1       Global Cryogenic Control Valve Market Overview

6.2       Global Cryogenic control valve Market Revenue Forecast and Analysis

6.3       Market Positioning – Five Key Players

7.             Global Cryogenic Control Valve Market Analysis – By Type

7.1       Overview

7.2       Globe Control Valves

7.2.1        Overview

7.2.2        Global Globe Control Valves Market Revenue and Forecasts to 2028 (US$ Million)

7.3       Ball Control Valves

7.3.1        Overview

7.3.2        Global Ball Control Valves Market Revenue and Forecasts to 2028 (US$ Million)

7.4       Butterfly Control Valves

7.4.1        Overview

7.4.2        Global Butterfly Control Valves Market Revenue and Forecasts to 2028 (US$ Million)

7.5       Others

7.5.1        Overview

7.5.2        Global Others Market Revenue and Forecasts to 2028 (US$ Million)

8.             Global Cryogenic Control Valve Market Analysis – By Application

8.1       Overview

8.2       Power Generation

8.2.1        Overview

8.2.2        Global Power Generation Market Revenue and Forecasts to 2028 (US$ Million)

8.3       Oil & Gas

8.3.1        Overview

8.3.2        Global oil and gas Market Revenue and Forecasts to 2028 (US$ Million)

8.4       Food & Beverages

8.4.1        Overview

8.4.2        Global Food and beverages Market Revenue and Forecasts to 2028 (US$ Million)

8.5       Others

8.5.1        Overview

8.5.2        Global Others Market Revenue and Forecasts to 2028 (US$ Million)

9.             Cryogenic Control Valve Market – Geographic Analysis

9.1       Overview

9.2       North America: Cryogenic Control Valve market

9.2.1        North America: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

9.2.2        North America: Cryogenic Control Valve Market, by Type

9.2.3        North America: Cryogenic Control Valve Market, by Application

9.2.4        North America: Cryogenic Control Valve Market, by Key Country

9.2.4.1      US: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

9.2.4.1.1       US: Cryogenic Control Valve Market, by Type

9.2.4.1.2       US: Cryogenic Control Valve Market, by Application

9.2.4.2      Canada: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

9.2.4.2.1       Canada: Cryogenic Control Valve Market, by Type

9.2.4.2.2       Canada: Cryogenic Control Valve Market, by Application

9.2.4.3      Mexico: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

9.2.4.3.1       Mexico: Cryogenic Control Valve Market, by Type

9.2.4.3.2       Mexico: Cryogenic Control Valve Market, by Application

9.3       Europe: Cryogenic Control Valve market

9.3.1        Europe: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.3.2        Europe: Cryogenic Control Valve Market, by Type

9.3.3        Europe: Cryogenic Control Valve Market, by Application

9.3.4        Europe: Cryogenic Control Valve Market, by Key Country

9.3.4.1      France: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1       France: Cryogenic Control Valve Market, by Type

9.3.4.1.2       France: Cryogenic Control Valve Market, by Application

9.3.4.2      Germany: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1       Germany: Cryogenic Control Valve Market, by Type

9.3.4.2.2       Germany: Cryogenic Control Valve Market, by Application

9.3.4.3      Italy: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1       Italy: Cryogenic Control Valve Market, by Type

9.3.4.3.2       Italy: Cryogenic Control Valve Market, by Application

9.3.4.4      UK: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.4.1       UK: Cryogenic Control Valve Market, by Type

9.3.4.4.2       UK: Cryogenic Control Valve Market, by Application

9.3.4.5      Russia: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.5.1       Russia: Cryogenic Control Valve Market, by Type

9.3.4.5.2       Russia: Cryogenic Control Valve Market, by Application

9.3.4.6      Rest of Europe: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.6.1       Rest of Europe: Cryogenic Control Valve Market, by Type

9.3.4.6.2       Rest of Europe: Cryogenic Control Valve Market, by Application

9.4       APAC: Cryogenic Control Valve market

9.4.1        APAC: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.4.2        APAC: Cryogenic Control Valve Market, by Type

9.4.3        APAC: Cryogenic Control Valve Market, by Application

9.4.4        APAC: Cryogenic Control Valve Market, by Key Country

9.4.4.1      China: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.1.1       China: Cryogenic Control Valve Market, by Type

9.4.4.1.2       China: Cryogenic Control Valve Market, by Application

9.4.4.2      Japan: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.2.1       Japan: Cryogenic Control Valve Market, by Type

9.4.4.2.2       Japan: Cryogenic Control Valve Market, by Application

9.4.4.3      India: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.3.1       India: Cryogenic Control Valve Market, by Type

9.4.4.3.2       India: Cryogenic Control Valve Market, by Application

9.4.4.4      South Korea: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.4.1       South Korea: Cryogenic Control Valve Market, by Type

9.4.4.4.2       South Korea: Cryogenic Control Valve Market, by Application

9.4.4.5      Australia: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.5.1       Australia: Cryogenic Control Valve Market, by Type

9.4.4.5.2       Australia: Cryogenic Control Valve Market, by Application

9.4.4.6      Rest of APAC: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.6.1       Rest of APAC: Cryogenic Control Valve Market, by Type

9.4.4.6.2       Rest of APAC: Cryogenic Control Valve Market, by Application

9.5       MEA: Cryogenic Control Valve market

9.5.1        MEA: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.5.2        MEA: Cryogenic Control Valve Market, by Type

9.5.3        MEA: Cryogenic Control Valve Market, by Application

9.5.4        MEA: Cryogenic Control Valve Market, by Key Country

9.5.4.1      South Africa: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1       South Africa: Cryogenic Control Valve Market, by Type

9.5.4.1.2       South Africa: Cryogenic Control Valve Market, by Application

9.5.4.2      UAE: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1       UAE: Cryogenic Control Valve Market, by Type

9.5.4.2.2       UAE: Cryogenic Control Valve Market, by Application

9.5.4.3      Saudi Arabia: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.3.1       Saudi Arabia: Cryogenic Control Valve Market, by Type

9.5.4.3.2       Saudi Arabia: Cryogenic Control Valve Market, by Application

9.5.4.4      Rest of MEA: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.4.1       Rest of MEA: Cryogenic Control Valve Market, by Type

9.5.4.4.2       Rest of MEA: Cryogenic Control Valve Market, by Application

9.6       SAM: Cryogenic Control Valve Market

9.6.1        SAM: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

9.6.2        SAM: Cryogenic Control Valve Market, by Type

9.6.3        SAM: Cryogenic Control Valve Market, by Application

9.6.4        SAM: Cryogenic Control Valve Market, by Key Country

9.6.4.1      Brazil: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

9.6.4.1.1       Brazil: Cryogenic Control Valve Market, by Type

9.6.4.1.2       Brazil: Cryogenic Control Valve Market, by Application

9.6.4.2      Argentina: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

9.6.4.2.1       Argentina: Cryogenic Control Valve Market, by Type

9.6.4.2.2       Argentina: Cryogenic Control Valve Market, by Application

9.6.4.3      Rest of SAM: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

9.6.4.3.1       Rest of SAM: Cryogenic Control Valve Market, by Type

9.6.4.3.2       Rest of SAM: Cryogenic Control Valve Market, by Application

10.          Cryogenic Control Valve Market - Covid-19 Impact Analysis

10.1    Overview

10.2    North America: Impact Assessment of Covid-19 Pandemic

10.3    Europe: Impact Assessment of Covid-19 Pandemic

10.4    Asia Pacific: Impact Assessment of Covid-19 Pandemic

10.5    Middle East & Africa: Impact Assessment of Covid-19 Pandemic

10.6    South America Impact Assessment of Covid-19 Pandemic

11.          Industry Landscape

11.1    Market Initiative

11.2    Merger and Acquisition

11.3    New Development

12.          Company Profiles

12.1    Baker Hughes Company

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2    Emerson Electric Co.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3    Flowserve Corporation

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4    Velan Inc.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5    KORVAL Co., Ltd.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6    Larsen & Toubro Limited

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7    Neles Corporation

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8    SAMSON USA

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9    Bac Valves

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10 Richards Industrials

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Financial Overview

12.10.5   SWOT Analysis

12.10.6   Key Developments

13.          Appendix

13.1    About The Insight Partners

13.2    Word Index

LIST OF TABLES

Table 1.             Global Cryogenic control valve Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             North America: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             North America: Cryogenic Control Valve Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 4.             North America: Cryogenic Control Valve Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)

Table 5.             US: Cryogenic Control Valve Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 6.             US: Cryogenic Control Valve Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 7.             Canada: Cryogenic Control Valve Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 8.             Canada: Cryogenic Control Valve Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 9.             Mexico: Cryogenic Control Valve Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 10.          Mexico: Cryogenic Control Valve Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 11.          Europe: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Europe: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Europe: Cryogenic Control Valve Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 14.          France: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 15.          France: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Germany: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Germany: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Italy: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Italy: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 20.          UK: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 21.          UK: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 22.          Russia: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 23.          Russia: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 24.          Rest of Europe: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 25.          Rest of Europe: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 26.          APAC: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 27.          APAC: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 28.          APAC: Cryogenic Control Valve Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 29.          China: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 30.          China: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 31.          Japan: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 32.          Japan: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 33.          India: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 34.          India: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 35.          South Korea: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 36.          South Korea: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 37.          Australia: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 38.          Australia: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 39.          Rest of APAC: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 40.          Rest of APAC: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 41.          MEA: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 42.          MEA: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 43.          MEA: Cryogenic Control Valve Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 44.          South Africa: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 45.          South Africa: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 46.          UAE: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 47.          UAE: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 48.          Saudi Arabia: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 49.          Saudi Arabia: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 50.          Rest of MEA: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 51.          Rest of MEA: Cryogenic Control Valve Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 52.          SAM: Cryogenic Control Valve Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 53.          SAM: Cryogenic Control Valve Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 54.          Brazil: Cryogenic Control Valve Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 55.          Brazil: Cryogenic Control Valve Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 56.          Argentina: Cryogenic Control Valve Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 57.          Argentina: Cryogenic Control Valve Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 58.          Rest of SAM: Cryogenic Control Valve Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 59.          Rest of SAM: Cryogenic Control Valve Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 60.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           Cryogenic control valve Market Segmentation

Figure 2.           Cryogenic control valve Market Segmentation – By Geography

Figure 3.           Global Cryogenic Control Valve Market Overview

Figure 4.           Cryogenic Control Valve Market, by Type

Figure 5.           Cryogenic Control Valve Market, by Application

Figure 6.           Cryogenic Control Valve Market, by Geography

Figure 7.           North America PEST Analysis

Figure 8.           Europe PEST Analysis

Figure 9.           APAC – PEST Analysis

Figure 10.        MEA PEST Analysis

Figure 11.        SAM PEST Analysis

Figure 12.        Cryogenic control valve Market- Ecosystem Analysis

Figure 13.        Cryogenic control valve Market Impact Analysis of Drivers and Restraints

Figure 14.        Geographic Overview of Cryogenic control valve Market

Figure 15.        Global Cryogenic control valve Market Revenue Forecast and Analysis (US$ Million)

Figure 16.        Global Cryogenic Control Valve Market Breakdown by Type, 2020 & 2028 (%)

Figure 17.        Global Globe Control Valves Market Revenue and Forecasts to 2028 (US$ Million)

Figure 18.        Global Ball Control Valves Market Revenue and Forecasts to 2028 (US$ Million)

Figure 19.        Global Butterfly Control Valves Market Revenue and Forecasts to 2028 (US$ Million)

Figure 20.        Global others Market Revenue and Forecasts to 2028 (US$ Million)

Figure 21.        Global Cryogenic Control Valve Market Breakdown by Application, 2020 & 2028 (%)

Figure 22.        Global Power Generation Market Revenue and Forecasts to 2028 (US$ Million)

Figure 23.        Global oil and gas Market Revenue and Forecasts to 2028 (US$ Million)

Figure 24.        Global Food and beverages Market Revenue and Forecasts to 2028 (US$ Million)

Figure 25.        Global others Market Revenue and Forecasts to 2028 (US$ Million)

Figure 26.        Global cryogenic control valve market Revenue Share, by Region (2020 and 2028)

Figure 27.        North America: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        North America: cryogenic control valve market Revenue Share, by Type (2020 and 2028)

Figure 29.        North America: cryogenic control valve market Revenue Share, by Application(2020 and 2028)

Figure 30.        North America: cryogenic control valve market Revenue Share, by Key Country (2020 and 2028)

Figure 31.        US: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 32.        Canada: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 33.        Mexico: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 34.        Europe: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35.        Europe: cryogenic control valve market Revenue Share, by Type (2020 and 2028)

Figure 36.        Europe: cryogenic control valve market Revenue Share, by Application (2020 and 2028)

Figure 37.        Europe: cryogenic control valve market Revenue Share, by Key Country (2020 and 2028)

Figure 38.        France: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39.        Germany: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 40.        Italy: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 41.        UK: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 42.        Russia: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43.        Rest of Europe: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 44.        APAC: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 45.        APAC: cryogenic control valve market Revenue Share, by Type (2020 and 2028)

Figure 46.        APAC: cryogenic control valve market Revenue Share, by Application (2020 and 2028)

Figure 47.        APAC: cryogenic control valve market Revenue Share, by Key Country (2020 and 2028)

Figure 48.        China: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 49.        Japan: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 50.        India: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51.        South Korea: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 52.        Australia: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 53.        Rest of APAC: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 54.        MEA: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55.        MEA: cryogenic control valve market Revenue Share, by Type (2020 and 2028)

Figure 56.        MEA: cryogenic control valve market Revenue Share, by Application (2020 and 2028)

Figure 57.        MEA: cryogenic control valve market Revenue Share, by Key Country (2020 and 2028)

Figure 58.        South Africa: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59.        UAE: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60.        Saudi Arabia: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61.        Rest of MEA: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 62.        SAM: Cryogenic Control Valve Market – Revenue and Forecast to 2028 (US$ Million)

Figure 63.        SAM: Cryogenic Control Valve Market Revenue Share, by Type (2020 and 2028)

Figure 64.        SAM: Cryogenic Control Valve Market Revenue Share, by Application(2020 and 2028)

Figure 65.        SAM: Cryogenic Control Valve Market Revenue Share, by Key Country (2020 and 2028)

Figure 66.        Brazil: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 67.        Argentina: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 68.        Rest of SAM: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 69.        Impact of Covid-19 Pandemic in North American Country Markets

Figure 70.        Impact of Covid-19 Pandemic in Europe Country Markets

Figure 71.        Impact of Covid-19 Pandemic in Asia Pacific Country Markets

Figure 72.        Impact of Covid-19 Pandemic In Middle East & Africa Country Markets

Figure 73.        Impact of Covid-19 Pandemic in South America Country Markets

 

The List of Companies - Cryogenic Control Valve Market

  1. Baker Hughes Company
  2. Emerson Electric Co.
  3. Flowserve Corporation
  4. Velan Inc.
  5. KORVAL Co., Ltd.
  6. Larsen & Toubro Limited
  7. Neles Corporation
  8. SAMSON USA
  9. Bac Valves
  10. Richards Industrials
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Frequently Asked Questions

There is an increase in demand for industrial gases in developed as well as developing countries such as the UK, the US, Australia, Germany, India, and China. Various industrial gases are produced for specific applications in various industries. Some of the majorly used industrial gases are oxygen, nitrogen, argon, carbon dioxide, helium, hydrogen, and acetylene, among others. Cryogenic valves are widely used for transport, use, and storage of liquefied gases such as compressed natural gas (CNG) and liquefied natural gas (LNG).

The power generation sector is growing rapidly in developing as well as developed countries across the globe. Among the power generation sector, the demand for compressed natural gas (CNG) and liquefied natural gas (LNG) is increasing substantially. Suitable cryogenic valves are widely used in various compressed natural gas (CNG) and liquefied natural gas (LNG) applications. The main reason for rise in need for compressed natural gas (CNG) is its increasing utility in various sectors.

The others segment dominate the market, which comprises plug valves, gate valves, pinch valve, and diaphragm valve, among others. Gate valves use linear stem motion for opening and closing of a valve. These valves use parallel or wedge shaped discs as closure members that provide tight sealing. This type of valve is suitable for oil, gas, air, heavy liquids, steam, non-condensing gases, and abrasive and corrosive liquids.

Cryogenic valves are designed to be used in very cold temperatures. Hence, they are most popularly used by companies that work with liquefied natural gas (LNG) or compressed natural gas (CNG). For instance, the oil & gas industry frequently uses cryogenic temperature ranges starting at -238 degrees Fahrenheit (-150 degrees Celsius). Cryogenic valves are kept in a natural closed position to keep cryogenic gases or other media secure and safely contained

Russia is the world’s second largest natural gas producing country. As per the BP Statistical Review of World Energy 2020, the country produced 679 billion cubic meters natural gas in 2019. APAC comprises world’s fastest growing countries such as India and China. The region is becoming one of the major consumers of natural gas products.

With the growing demand for medicines across the world, the requirement for respective cryogenic valves is rising notably. Cryogenic valves are used in manufacturing, testing, and experimenting of various ingredients used for making a medicine. In the ongoing COVID-19 pandemic, Flowserve was providing cryogenic ball valves to Pfizer for helping expand the production capacities of COVID-19 vaccine.

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