Cryogenic Valves Market: Overview

The production and behavior of materials at very low temperatures is known as cryogenics. Similarly, cryogenic valves are designed to be used in cold applications. Cryogenic system is defined as being below -101°C. Cryogenic valves are extensively used for products such as liquefied natural gas (LNG), propane, butane, and liquefied gases (such as nitrogen, methane, and helium oxygen, argon, and carbon dioxide hydrogen) in aerospace, pharmaceuticals, biotechnology, and other low temperature services.

Cryogenic valves are built to help store and transport cryogenic gasses safely and efficiently. These valves differ from other standard valves due to their ability to be fully functional in temperatures as low as -196°C and at pressures as high as 750 psi. Cryogenic valves are mostly kept in closed position to keep cryogenic gasses intact and safely contained.

Increase in demand for floating production storage and offloading (FPSO) vessels is expected to boost the cryogenic valves market. Investments in the liquefied natural gas sector is rising which is the key factor driving the cryogenic valves market. Unstable metal prices are likely to restrain the cryogenic valves market.

Cryogenic Valves Market: Key Segments

The cryogenic valves market can be segmented into product type, gas type, end-user, application, and region. Based on product type, the cryogenic valves market can be divided into globe valve, gate valve, butterfly valve, ball valve, and others. Globe valves are spherical in shape and consists of a movable disc (obturator) that moves at 90° to the plane of its mating body seat. The ball valve uses a ball as the obturator. There is a port through the center of the ball, and the valve operates with a 90° turn of the hand lever or actuator. The gate valve is characterized by the movement of the ‘wedge’ (obturator) it is nearly parallel to the plane of the mating body seat. Gate valves also have better flow characteristics, when the valve is fully open there is unobstructed flow path along the pipeline. A butterfly valve works similar to a ball valve and is part of a family of valves known as quarter turn valves. A circular disc is positioned in the center of the pipe. In terms of gas type, the cryogenic valves market can be segregated into LNG, oxygen, nitrogen, and others. Based on application, the cryogenic valves market can be categorized into liquefiers, tanks & cold boxes, transfer lines, and manifolds & gas trains. Based on the end user the cryogenic valves market is divided into energy & power, chemicals, food & beverage, healthcare and others.

Cryogenic Valves Market: Regional Outlook

In term of region, the global cryogenic valves market can be split into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is projected to lead the global market during the forecast period, followed by North America and Europe. Considerable growth in end-user industries such as energy & power, food & beverage, and chemicals in Asia Pacific is expected to propel the cryogenic valves market in the region. Latin America and Middle East & Africa are expected to account for a small share of the market.

Cryogenic Valves Market: Key Players

Major players operating in the global cryogenic valves market include Bac Valves, Cryocomp, Flowserve Corporation, Habonim, L&T Valves Limited, Powell Valves, Schlumberger Limited, SAMSON Controls Inc, and Velan Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Cryogenic Valves Market

Pre Book