Product Code: GVR-4-68040-366-4
Cryogenic Valves Market Size & Trends
The global cryogenic valves market size was estimated at USD 3.41 billion in 2023 and is forecasted to grow at a CAGR of 6.8% from 2024 to 2030. This growth is attributed to the rising usage of cleaner energy sources, such as liquefied natural gas (LNG), as an alternative to traditional fossil fuels. As countries strive to reduce carbon emissions, the use of LNG in transportation, power generation, and industrial applications is expected to grow, thereby driving the need for reliable cryogenic infrastructure. In addition, the innovations in biotechnology sectors and healthcare, where cryogenic systems are essential for storing and transporting medical gases and biological materials, are further likely to contribute to the rising demand for these specialized valves.
Technological advancements include developing more efficient materials, such as high-performance alloys and composites, which improve durability and performance at extremely low temperatures. Innovations in sealing technologies, like improved elastomers and advanced metal-to-metal sealing, have significantly reduced leakage rates, increasing safety and reliability.
In addition, incorporating smart valve technologies, including sensors and automation systems, allows for real-time monitoring and remote control, improving operational efficiency and maintenance predictability. These advancements are anticipated to improve the valves' safety, performance, and cost-effectiveness, thereby fueling their adoption in various end-use industries.
Key players operating in the market are adopting several strategies to gain market share, including high investments in research and development to innovate and improve product performance. They are expanding their product portfolios to cater to diverse industry needs. Moreover, these players are forming strategic partnerships and collaborations to enhance their distribution networks and market reach.
Global Cryogenic Valves Market Report Segmentation
This report forecasts revenue growth at regional & country levels and provides an analysis of the industry trends in each of the segments from 2018 to 2030. For this study, Grand View Research has segmented the global cryogenic valves market based on product, end use, and region:
- Product Outlook (Revenue, USD Million, 2018 - 2030)
- Ball Valve
- Check Valve
- Gate Valve
- Globe Valve
- Others
- End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Oil & Gas
- Chemical
- Food & Beverages
- Medical
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
China
Japan
India
South Korea
Brazil
Argentina
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Cryogenic Valves Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Cryogenic Valves Market - Value Chain Analysis
- 3.3. Cryogenic Valves Market - Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.3.4. Market Challenge Analysis
- 3.4. Regulatory Framework
- 3.5. Cryogenic Valves Market - Business Environment Analysis
- 3.5.1. PESTLE Analysis
- 3.5.2. Porter's Five Forces Analysis
- 3.6. Market Disruption Analysis
Chapter 4. Cryogenic Valves Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Movement Analysis & Market Share, 2023 & 2030
- 4.3. Cryogenic Valves Market By Product, 2018 - 2030 (USD Million)
- 4.4. Ball Valve
- 4.4.1. Ball Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 4.5. Check Valve
- 4.5.1. Check Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 4.6. Gate Valve
- 4.6.1. Gate Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 4.7. Globe Valve
- 4.7.1. Globe Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 4.8. Other Valve
- 4.8.1. Cryogenic Valves Market Estimates & Forecasts, by Other Valves, 2018 - 2030 (USD Million)
Chapter 5. Cryogenic Valves Market: End Use Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. End Use Movement Analysis & Market Share, 2023 & 2030
- 5.3. Cryogenic Valves Market By End Use, 2018 - 2030 (USD Million)
- 5.4. Oil & Gas
- 5.4.1. Cryogenic Valves Market Estimates & Forecasts for Oil & Gas, 2018 - 2030 (USD Million)
- 5.5. Chemical
- 5.5.1. Cryogenic Valves Market Estimates & Forecasts for Chemical, 2018 - 2030 (USD Million)
- 5.6. Food & Beverages
- 5.6.1. Cryogenic Valves Market Estimates & Forecasts for Food & Beverages, 2018 - 2030 (USD Million)
- 5.7. Medical
- 5.7.1. Cryogenic Valves Market Estimates & Forecasts for Medical, 2018 - 2030 (USD Million)
- 5.8. Others
- 5.8.1. Cryogenic Valves Market Estimates & Forecasts for Other End Use, 2018 - 2030 (USD Million)
Chapter 6. Cryogenic Valves Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Market Share Analysis, 2023 & 2030
- 6.3. Market Estimates & Forecasts by Region, 2018 - 2030 (USD Million)
- 6.4. North America
- 6.4.1. North America Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. North America Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.4.3. North America Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.4.4. U.S.
- 6.4.4.1. U.S. Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.4.2. U.S. Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.4.4.3. U.S. Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.4.5. Canada
- 6.4.5.1. Canada Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.5.2. Canada Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.4.5.3. Canada Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.4.6. Mexico
- 6.4.6.1. Mexico Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.6.2. Mexico Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.4.6.3. Mexico Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.5. Europe
- 6.5.1. Europe Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Europe Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.3. Europe Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.5.4. Germany
- 6.5.4.1. Germany Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.4.2. Germany Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.4.3. Germany Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.5.5. UK
- 6.5.5.1. UK Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.5.2. UK Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.5.3. UK Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.5.6. France
- 6.5.6.1. France Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.6.2. France Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.6.3. France Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.5.7. Spain
- 6.5.7.1. Spain Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.7.2. Spain Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.7.3. Spain Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.5.8. Italy
- 6.5.8.1. Italy Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.8.2. Italy Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.8.3. Italy Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.6. Asia Pacific
- 6.6.1. Asia Pacific Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Asia Pacific Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.6.3. Asia Pacific Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.6.4. China
- 6.6.4.1. China Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.4.2. China Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.6.4.3. China Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.6.5. India
- 6.6.5.1. India Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.5.2. India Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.6.5.3. India Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.6.6. Japan
- 6.6.6.1. Japan Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.6.2. Japan Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.6.6.3. Japan Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.6.7. South Korea
- 6.6.7.1. South Korea Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6.7.2. South Korea Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.6.7.3. South Korea Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.7. Central & South America
- 6.7.1. Central & South America Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.7.2. Central & South America Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.7.3. Central & South America Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.7.4. Brazil
- 6.7.4.1. Brazil Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.7.4.2. Brazil Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.7.4.3. Brazil Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.7.5. Argentina
- 6.7.5.1. Argentina Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.7.5.2. Argentina Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.7.5.3. Argentina Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
- 6.8. Middle East & Africa
- 6.8.1. Middle East & Africa Cryogenic Valves Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.8.2. Middle East & Africa Cryogenic Valves Market Estimates & Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.8.3. Middle East & Africa Cryogenic Valves Market Estimates & Forecasts, by End Use, 2018 - 2030 (USD Million)
Chapter 7. Supplier Intelligence
- 7.1. Kraljic Matrix
- 7.2. Engagement Model
- 7.3. Negotiation Strategies
- 7.4. Sourcing Best Practices
- 7.5. Vendor Selection Criteria
- 7.6. List of Raw Product Suppliers
Chapter 8. Competitive Analysis
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Heat Map Analysis
- 8.5. Company Listings
- 8.5.1. Velan Inc.
- 8.5.1.1. Company Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Strategic Initiatives
- 8.5.2. Emerson Electric Co.
- 8.5.2.1. Company Overview
- 8.5.2.2. Financial Performance
- 8.5.2.3. Product Benchmarking
- 8.5.2.4. Strategic Initiatives
- 8.5.3. Herose GmbH
- 8.5.3.1. Company Overview
- 8.5.3.2. Financial Performance
- 8.5.3.3. Product Benchmarking
- 8.5.3.4. Strategic Initiatives
- 8.5.4. Parker Hannifin Corporation
- 8.5.4.1. Company Overview
- 8.5.4.2. Financial Performance
- 8.5.4.3. Product Benchmarking
- 8.5.4.4. Strategic Initiatives
- 8.5.5. Flowserve
- 8.5.5.1. Company Overview
- 8.5.5.2. Financial Performance
- 8.5.5.3. Product Benchmarking
- 8.5.5.4. Strategic Initiatives
- 8.5.6. L&T
- 8.5.6.1. Company Overview
- 8.5.6.2. Financial Performance
- 8.5.6.3. Product Benchmarking
- 8.5.6.4. Strategic Initiatives
- 8.5.7. BAC Valves
- 8.5.7.1. Company Overview
- 8.5.7.2. Financial Performance
- 8.5.7.3. Product Benchmarking
- 8.5.7.4. Strategic Initiatives
- 8.5.8. Bray International, Inc.
- 8.5.8.1. Company Overview
- 8.5.8.2. Financial Performance
- 8.5.8.3. Product Benchmarking
- 8.5.8.4. Strategic Initiatives
- 8.5.9. Habonim Valve Solutions
- 8.5.9.1. Company Overview
- 8.5.9.2. Financial Performance
- 8.5.9.3. Product Benchmarking
- 8.5.9.4. Strategic Initiatives
- 8.5.10. Powell Valves
- 8.5.10.1. Company Overview
- 8.5.10.2. Financial Performance
- 8.5.10.3. Product Benchmarking
- 8.5.10.4. Strategic Initiatives