The cryogenic valves market is forecasted to grow by USD 850.5 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the cryogenic valves market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in oil and gas drilling E&P operations, extensive usage of cryogenic valves in FSRUs and FPSO units, and increasing trade of LNG and CNG.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
4.2%
CAGR
4.5%
Incremental Value
$850.5 mn
Technavio's cryogenic valves market is segmented as below:
By End-user
Oil and Gas
Chemicals
Energy and power
Food and beverage
Others
By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the growing investments in energy and power industry as one of the prime reasons driving the cryogenic valves market growth during the next few years. Also, increasing use of customized cryogenic valves and strategic initiatives by market vendors will lead to sizable demand in the market.
The report on the cryogenic valves market covers the following areas:
Cryogenic Valves Market sizing
Cryogenic Valves Market forecast
Cryogenic Valves Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cryogenic valves market vendors that include Acme Cryogenics Inc, BAC Valves SA, Blackhall Engineering Ltd., Bray International Inc., Cryofab Inc., Emerson Electric Co., Flowserve Corp., HEROSE GmbH, Hy Lok Corp., IMI PLC, ITT Inc., KITZ Corp., Larsen and Toubro Ltd., Parker Hannifin Corp., Powell Valves, SAMSON AG, Schlumberger Ltd., The Weir Group PLC, Velan Inc., and Weka AG. Also, the cryogenic valves market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Cryogenic Valves Market 2018 - 2022
Historic Market Size - Data Table on Global Cryogenic Valves Market 2018 - 2022 ($ million)