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.
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Cryogenic Control Valve Market: Strategic Insights
Market Size Value in US$ 2,267.07 Million in 2021 Market Size Value by US$ 3,117.79 Million by 2028 Growth rate CAGR of 4.7% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Cryogenic Control Valve Market: Strategic Insights
| Market Size Value in | US$ 2,267.07 Million in 2021 |
| Market Size Value by | US$ 3,117.79 Million by 2028 |
| Growth rate | CAGR of 4.7% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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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.
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.
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.
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.
Cryogenic Control Valve Market Report Scope
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
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
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.
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.
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
- Baker Hughes Company
- Emerson Electric Co.
- Flowserve Corporation
- Velan Inc.
- KORVAL Co., Ltd.
- Larsen & Toubro Limited
- Neles Corporation
- SAMSON USA
- Bac Valves
- Richards Industrials
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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