Cryogenic Valve Market is Expected to Register Considerable Growth by 2026

Cryogenic Valve Market is likely to witness a healthy CAGR of 4.8% during the forecast period.

The report on the Cryogenic Valve Market published by Stratview Research covers in depth details associated with the Cryogenic Valve Market. This report is Segmented by End-User Type (Energy Power, Chemicals, Food Beverage, Healthcare, and Others), by Gas Type (Liquified Natural Gas, Nitrogen, Oxygen, and Others), by Type (Ball Valve, Globe Valve, Gate Valve, Check Valve, and Others), by Application Type (Transfer Lines, Tanks Cold Boxes, Manifolds Gas Trains, and Liquefiers),  and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

The report states that the Cryogenic Valve Market is likely to witness a healthy CAGR of 4.8% during the forecast period.

Key Players

The following are the key players in the aerospace sheet distribution market:

  • Cryocomp
  • The Emerson Electric Company
  • The Flowserve Corporation
  • Larsen Toubro Limited
  • Powell Valves
  • Schlumberger Limited
  • Weir Group.

Segment Analysis

Based on the end-user type, the market is segmented as energy power, chemicals, food beverage, healthcare, and others. The energy power segment is estimated to be the largest market for cryogenic valves during the forecast period. The increasing demand for LNG owing to meet the rising demand for power generation is the major factor behind the dominance of the energy power sector.

Based on the type, the market is segmented as ball valve, globe valve, gate valve, check valve, and others. The ball valve offers superior features such as high flow rate and easy operating in comparison to other valve types. Further, these valves are designed based on the requirement of applications for their use in transportation, LNG production, and storage applications.

Based on the application type, the market is segmented as transfer lines, tanks cold boxes, manifolds gas trains, and liquefiers. The transfer lines sub-segment dominated the market and is expected to remain dominant during the forecast period. The increasing demand for LNG drives the growth of the transfer lines segment.

In terms of regions, Asia-Pacific is expected to be the largest market for cryogenic valves in the coming five years. The market is driven by the growth in end-use industries, primarily owing to the economic development in the region, dependable supply chain, cheap labor, and huge consumer base.

About Us

Stratview Research is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful and actionable market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more. Stratview Research helps its users tract the ever-evolving market scenarios through its top-notch market reports.

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Rinku Suthar

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