세계의 극저온 밸브 어셈블리 시장 : 구성 재료별, 시스템 유형별, 유형별, 구성요소별, 냉각제별, 최종 이용 업계별, 용도별, 지역별 - 예측(-2029년)
Cryogenic Valve Assembly Market by Type (Gate, Globe, Ball, Check, Butterfly), Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen), End-user Industry (Metallurgy, Power, Chemicals, Electronics), Component, Application, and Region - Global Forecast to 2029
상품코드:1727398
리서치사:MarketsandMarkets
발행일:2025년 05월
페이지 정보:영문 277 Pages
라이선스 & 가격 (부가세 별도)
ㅁ Add-on 가능: 고객의 요청에 따라 일정한 범위 내에서 Customization이 가능합니다. 자세한 사항은 문의해 주시기 바랍니다.
한글목차
극저온 밸브 어셈블리 시장 규모는 2024년 48억 3,000만 달러에서 2029년에는 72억 1,000만 달러에 달할 것으로 예상되며, 예측 기간 동안 8.3%의 CAGR을 기록할 것으로 예상됩니다.
의료, 식품 보존, 전자기기 제조에서 극저온 가스에 대한 관심이 증가하면서 극저온 밸브 어셈블리 시장을 주도하고 있습니다. 청정 대체 연료로서 LNG에 대한 전 세계 수요 증가와 LNG 수출입 증가는 시장 성장을 촉진할 것입니다.
조사 범위
조사 대상 연도
2022-2029년
기준 연도
2023년
예측 기간
2024-2029년
검토 단위
금액(100만 달러/10억 달러)
부문
구성 재료별, 시스템 유형별, 유형별, 구성요소별, 냉각제별, 최종사용자 산업별, 용도별, 지역별
대상 지역
북미, 유럽, 아시아태평양, 기타 지역
극저온 밸브 어셈블리 시장은 최종사용자 산업별로 에너지 및 전력, 화학, 야금, 전자, 운송의 5개 카테고리로 분류되었습니다. 최종사용자별로는 야금 산업이 가장 큰 점유율을 차지할 것으로 예상됩니다. 산소(O2), 질소(N2), 아르곤(Ar) 등의 극저온 가스는 제철, 용접, 가공 등의 야금 공정에 널리 사용되기 때문에 제품 품질 향상, 연소 효율 개선, 금속 가공 시 온도 제어에 중요한 역할을 합니다. 건설, 자동차, 산업용 금속 제품 등 고품질 금속을 제조하는 부문의 수요가 증가함에 따라 신뢰할 수 있는 극저온 밸브 어셈블리의 필요성이 증가하고 있습니다. 인프라 개발 및 금속의 고급 처리의 대폭적인 증가는 또한 부문의 성장을 증가시킬 것입니다.
용도별로 극저온 밸브 어셈블리 시장은 CASU와 비 CASU로 세분화됩니다. 극저온 공기 분리 장치(CASU) 부문은 특히 산소, 질소, 아르곤과 같은 고순도 산업용 가스의 생산에 있어 극저온 밸브의 중요성으로 인해 극저온 밸브 어셈블리 시장을 지배할 것으로 예상됩니다. 앞서 언급한 가스는 헬스케어 및 의료용, 야금, 전자, 화학 등 많은 산업에서 사용되고 있습니다. 팬데믹 이후 의료용 산소에 대한 수요도 눈에 띄게 증가하고 있으며, 신흥국 시장의 산업 생산 및 산업화 정도 향상과 함께 CASU 설비에 대한 수요를 더욱 높이고 있습니다. 극저온 밸브는 극저온 가스의 흐름을 제어하고 격리하는 데 사용되며, 극저온 밸브를 사용하는 이러한 시설에서 사용됩니다.
최종 용도별로 극저온 밸브 어셈블리 시장은 기타를 제외하고 게이트 밸브, 글로브 밸브, 볼 밸브, 체크 밸브, 버터플라이 밸브로 세분화되어 있습니다. 글로브 밸브는 극저온 응용 분야에서 정밀한 조절 기능과 효과적인 유량 조절 기능으로 인해 극저온 밸브 어셈블리 유형 중 두 번째로 큰 시장으로 추정됩니다. 견고한 설계로 고압, 저온 조건에서 신뢰할 수 있는 성능을 보장하여 LNG, 산업용 가스 및 화학 산업에 이상적입니다. 유량 제어 시스템에 대한 수요 증가는 이 제품의 성장을 더욱 촉진하고 있습니다.
북미는 2024년부터 2029년까지 극저온 밸브 어셈블리 시장에서 두 번째로 빠르게 성장하는 지역이 될 것으로 예상됩니다. 북미 시장은 미국, 캐나다, 멕시코로 구성되어 있습니다. 북미는 강력한 LNG 인프라, 탄소 회수 및 수소와 같은 청정에너지 기술에 대한 투자 증가, 항공우주, 헬스케어, 화학 분야의 주요 기업으로 인해 극저온 밸브 어셈블리 시장에서 두 번째로 빠르게 성장하는 지역이 될 것으로 예상됩니다. 또한, 의료 기술의 지속적인 개선과 수술 및 진단 현장에서의 극저온 가스 사용량 증가도 극저온 수요에 긍정적인 영향을 미칠 것으로 예상됩니다. 또한, 미국 정부가 에너지 공급 다변화를 위해 천연가스 수출 증가를 허용한 것도 이 지역의 시장 잠재력 향상에 특히 도움이 될 것으로 보입니다. 주요 제조업체들도 이 지역에 위치하고 있으며, 산업용 가스 공급망의 업그레이드는 극저온 밸브 어셈블리의 채택과 수용성을 더욱 촉진하는 데 도움이 될 것으로 보입니다.
이 보고서는 극저온 밸브 어셈블리 시장을 시스템 유형별, 유형별, 구성요소별, 냉각제별, 최종사용자 산업별, 용도별, 지역별로 정의, 설명, 예측합니다. 또한, 시장의 상세한 정성적 및 정량적 분석을 제공합니다. 주요 시장 촉진요인, 억제요인, 기회 및 과제를 포괄적으로 검토하고 있습니다. 또한, 시장의 다양한 중요한 측면도 다루고 있습니다. 여기에는 경쟁 상황, 시장 역학, 금액 기준 시장 추정치, 극저온 밸브 어셈블리 시장의 미래 동향에 대한 분석이 포함됩니다.
목차
제1장 소개
제2장 조사 방법
제3장 주요 요약
제4장 주요 인사이트
제5장 시장 개요
소개
시장 역학
고객의 비즈니스에 영향을 미치는 동향/혼란
공급망 분석
생태계 분석
기술 분석
사례 연구 분석
특허 분석
가격 분석
무역 분석
2024-2025년의 주요 회의와 이벤트
규제 상황
Porter's Five Forces 분석
주요 이해관계자와 구입 기준
투자와 자금 조달 시나리오
극저온 밸브 어셈블리 시장 거시경제 전망
제6장 극저온 밸브 어셈블리 시장, 구성 재료별(정성)
소개
스테인리스강
니켈 합금
스텔라이트
폴리테트라플루오로에틸렌(PTFE)
폴리클로로트리플루오로에틸렌(PCTFE)
흑연
제7장 극저온 밸브 어셈블리 시장, 시스템 유형별(정성)
소개
스토리지 시스템
핸들링 시스템
공급 시스템
기타
제8장 극저온 밸브 어셈블리 시장, 유형별
소개
게이트 밸브
글러브 밸브
볼 밸브
체크 밸브
버터플라이 밸브
기타
제9장 극저온 밸브 어셈블리 시장, 구성요소별
소개
밸브 바디
시트
씰
개스킷
백업 링
파이프 슬리브
스페이서
베어링
기어
액추에이터
보닛
디스크/플러그
스템
스로틀 플레이트
기타
제10장 극저온 밸브 어셈블리 시장, 냉각제별
소개
질소
아르곤
산소
LNG
수소
기타
제11장 극저온 밸브 어셈블리 시장, 최종 이용 업계별
소개
야금
에너지와 전력
화학제품
일렉트로닉스
운송
기타
제12장 극저온 밸브 어셈블리 시장, 용도별
소개
극저온 공기분리장치(CASU)
비극저온 공기분리장치(NON-CASU)
제13장 극저온 밸브 어셈블리 시장, 지역별
소개
아시아태평양
중국
인도
호주
일본
말레이시아
기타
북미
미국
캐나다
멕시코
유럽
러시아
영국
독일
프랑스
기타
중동
GCC 국가
중동
아프리카
남아프리카공화국
나이지리아
알제리
기타
남미
브라질
아르헨티나
베네수엘라
기타
제14장 경쟁 구도
개요
주요 진출 기업 전략/강점, 2020-2024년
2023년 시장 점유율 분석
매출 분석, 2020-2024년
브랜드/제품 비교
기업 평가와 재무 지표, 2024년
기업 평가 매트릭스 : 주요 진출 기업, 2023년
기업 평가 매트릭스 : 스타트업/중소기업, 2023년
경쟁 시나리오
제15장 기업 개요
주요 진출 기업
PARKER HANNIFIN CORP
EMERSON ELECTRIC CO.
FLOWSERVE CORPORATION
CRANE COMPANY
VALMET
VELAN
BAKER HUGHES
KITZ CORPORATION
BRAY INTERNATIONAL
BAC VALVES
CRYOCOMP
SLB
L&T VALVES LIMITED
POWELL VALVES
HABONIM
HEROSE
기타 기업
SAMSON AKTIENGESELLSCHAFT
VALCO GROUP
OSWAL INDUSTRIES LIMITED
MAVERICK VALVES
CRYOGENIC SPECIALTY MANUFACTURING
ROCHELLES TECHNOMATICS INDIA PVT. LTD
XHVAL GROUP VALVE CO., LTD.
XINTAI VALVE
MECA-INOX
제16장 부록
ksm
영문 목차
영문목차
The cryogenic valve assembly market is estimated to reach USD 7.21 billion by 2029 from an estimated value of USD 4.83 billion in 2024, at a CAGR of 8.3% during the forecast period. Increasing practices for cryogenic gases in medical, food preservation, and electronics manufacturing are driving the cryogenic valve assembly market. The increase in overall global demand for LNG as a cleaner fuel alternative and the increase in LNG import/export will propel market growth.
Scope of the Report
Years Considered for the Study
2022-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Million/Billion)
Segments
Type, System Type, Application, Cryogen, End-user, Component, Construction Material, Region
Regions covered
North America, Europe, Asia Pacific, Rest of the World (RoW)
"Metallurgy: The largest segment of the cryogenic valve assembly market, by end-user industry."
By end-user industry, the cryogenic valve assembly market was segmented into five categories: energy & power, chemical, metallurgy, electronics, and transportation, apart from others. The segment, metallurgy, is expected to capture the largest share of the market by end user. Given the widespread use of cryogenic gases such as oxygen (O2), nitrogen (N2), and argon (Ar) in metallurgical processes such as steel manufacturing, welding, and fabrication, these gases are important in improving product quality, improving combustion efficiency, and also in controlling temperatures while processing metal. The increasing demand from sectors involved in manufacturing high-quality metals, including construction, automotive, and industrial metal products, increases the need for reliable cryogenic valve assemblies. The large increase in infrastructure development and more advanced treatments of metal also increases the segment growth.
"The CASU segment is estimated to remain the larger segment in terms of application."
Based on application, the cryogenic valve assembly market has been segmented into CASU and non-CASU. The cryogenic air separation unit (CASU) segment is projected to dominate the cryogenic valve assembly market owing to the significance of cryogenic valves in generating an array of high-purity industrial gases, particularly oxygen, nitrogen, and argon. The aforementioned gases are used throughout a multitude of industries, including healthcare and medical uses, metallurgy, electronics, and chemical uses. The demand for medical-grade oxygen has also grown tremendously since the pandemic, further abating the demand for CASU installations along with improving industrial production and degree of industrialization in developing markets. The cryogenic valves are used to control and isolate the flow of extremely cold gas to the unit, which is used in these facilities that utilize cryogenic valves.
"The globe valves segment is estimated to emerge as the second-largest segment based on type."
By end use, the cryogenic valve assembly market has been segmented into gate, globe, ball, check, and butterfly valves, apart from others. Globe valves are estimated to be the second-largest cryogenic valve assembly type due to their precise throttling capabilities and effective flow regulation in cryogenic applications. Their robust design ensures reliable performance under high-pressure, low-temperature conditions, making them ideal for LNG, industrial gas, and chemical industries. Increasing demand for controlled flow systems further supports their growth.
"North America is projected to be the second-fastest-growing region in the cryogenic valve assembly market."
North America is estimated to be the second-fastest region in the cryogenic valve assembly market between 2024 and 2029. The North American market consists of the US, Canada, and Mexico. North America is projected to be the second fastest-growing region in the cryogenic valve assemblies market due to its strong LNG infrastructure, increased investment into clean energy technologies such as carbon capture and hydrogen, and important players in aerospace, healthcare, and chemicals. Continuous improvements in medical technologies and growing cryogenic gas volumes in surgical and diagnostic settings will also have a positive effect on cryogenic demand. Additionally, the US government's dedication to diversifying the energy supply and allowing for increasing exports of natural gas will especially help improve the market potential in this region. Key manufacturers are also located in this region, and upgrading industrial gas supply chains will further help drive both the adoption and acceptability of cryogenic valve assemblies, which are already increasing across North America.
Breakdown of Primaries
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1 - 65%, Tier 2 - 24%, and Tier 3 - 11%
By Designation: C-Level Executives - 30%, Manager - 25%, and Others - 45%
By Region: North America - 27%, Europe - 20%, Asia Pacific - 33%, South America & Central America - 12%, Middle East - 4%, and Africa - 4%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The cryogenic valve assembly market is dominated by a few major players that have a wide regional presence. The leading players in the cryogenic valve assembly market are PARKER HANNIFIN CORP (US), Emerson Electric Co. (US), Flowserve Corporation (US), Bray International (US), Valmet (Finland), Crane Company (US), L&T Valves Limited (India), KITZ Corporation (Japan), Baker Hughes (US), KITZ Corporation (Japan), Baker Hughes (US), XINTAI VALVE (China), Valco Group (France), cryocomp (US), and BAC VALVES (Spain).
Research Coverage
The report defines, describes, and forecasts the cryogenic valve assembly market by construction material, type, end-user, components, cryogen, application, and system type for various regions. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the cryogenic valve assembly market.
Key Benefits of Buying the Report
The cryogenic valve assembly market is influenced by the growing requirement for LNG infrastructure, increased focus on hydrogen-based energy solutions, and increasing utilization of cryogenic systems in the healthcare, electronics, and chemicals segments. With the rising global focus on decarbonization coupled with government initiatives aimed at the adoption of clean energy solutions, the market growth is gaining momentum. The increase in production of industrial gas, development in valve design for extreme conditions, and greater safety requirements across all segments have also increased the demand for reliable cryogenic valve assemblies.
Product Development/Innovation: The cryogenic valve assembly market is seeing substantial product development and innovation, driven by stringent safety and regulatory standards. Companies are investing in improved materials and technology to manufacture advanced cryogenic valve assemblies.
Market Development: Emerson has launched the Fisher 63EGLP-16 Pilot Operated Relief Valve to meet the safety needs of storage tank applications, improving installation, maintenance, and operation for pressurized tanks. This new product extends Emerson's safety valve portfolio with enhanced features to support the specific needs of liquid propane and ammonia storage systems. This will be beneficial for cryogenic valve application, ensuring the safety of operation.
Market Diversification: Flowserve acquired LNG submerged pump technology and R&D from NexGen Cryogenic Solutions to enhance its LNG product portfolio. This aligns with Flowserve's decarbonization goals, which are improving efficiency and reliability in the LNG market.
Competitive Assessment: Assessment of rankings some of the key players, including PARKER HANNIFIN CORP (US), Emerson Electric Co. (US), Flowserve Corporation (US), Bray International (US), Valmet (Finland), Crane Company (US), L&T Valves Limited (India), KITZ Corporation (Japan), Baker Hughes (US), KITZ Corporation (Japan), Baker Hughes (US), XINTAI VALVE (China), and Valco Group (France).
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS AND GEOGRAPHICAL SEGMENTATION COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 RESEARCH LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.2 DATA TRIANGULATION
2.3 PRIMARY AND SECONDARY RESEARCH
2.3.1 SECONDARY DATA
2.3.1.1 Key data from secondary sources
2.3.2 PRIMARY DATA
2.3.2.1 Key data from primary sources
2.3.2.2 Breakdown of primaries
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
2.4.3 DEMAND-SIDE ANALYSIS
2.4.3.1 Demand-side metrics
2.4.3.2 Assumptions for demand-side analysis
2.4.3.3 Calculations for demand-side analysis
2.4.4 SUPPLY-SIDE ANALYSIS
2.4.4.1 Calculations for supply side
2.4.4.2 Assumptions for supply-side analysis
2.5 MARKET SIZE FORECAST
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CRYOGENIC VALVE ASSEMBLY MARKET
4.2 CRYOGENIC VALVE ASSEMBLY MARKET, BY REGION
4.3 ASIA PACIFIC: CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN AND COUNTRY
4.4 CRYOGENIC VALVE ASSEMBLY MARKET, BY TYPE
4.5 CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN
4.6 CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY
4.7 CRYOGENIC VALVE ASSEMBLY MARKET, BY APPLICATION
4.8 CRYOGENIC VALVE ASSEMBLY MARKET, BY COMPONENT
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rise in demand for liquefied natural gas as clean and efficient energy source
5.2.1.2 Rising in investment in chemical industry
5.2.2 RESTRAINTS
5.2.2.1 Volatile raw material and metal prices and significant competition from gray market players
5.2.2.2 Hazards and greenhouse gas emissions resulting from leak of cryogenic fluids
5.2.3 OPPORTUNITIES
5.2.3.1 Expansion of industrial gas market
5.2.3.2 Growth of space, healthcare, and hydrogen industry
5.2.4 CHALLENGES
5.2.4.1 Compliance with stringent regulations and safety standards
5.6.4 LOW-LEAKAGE CRYOGENIC VALVE TECHNOLOGY BY NASA
5.7 CASE STUDY ANALYSIS
5.7.1 ENHANCING CRYOGENIC VALVE RELIABILITY WITH UNILION SEALS TO REDUCE FAILURES AND IMPROVE PERFORMANCE
5.7.2 PREVENTING HUMAN ERROR IN CRYOGENIC VALVE OPERATIONS WITH ALCATRAZ INTERLOCKS
5.8 PATENT ANALYSIS
5.9 PRICING ANALYSIS
5.9.1 AVERAGE SELLING PRICE TREND, BY TYPE, 2023-2029
5.9.2 INDICATIVE PRICING TREND, BY REGION, 2023-2029
5.10 TRADE ANALYSIS
5.10.1 HS CODE 280430
5.10.1.1 Nitrogen export scenario
5.10.1.2 Nitrogen import scenario
5.10.2 HS CODE 280421
5.10.2.1 Argon export scenario
5.10.2.2 Argon import scenario
5.10.3 HS CODE 280440
5.10.3.1 Oxygen export scenario
5.10.3.2 Oxygen import scenario
5.10.4 HS CODE 271111
5.10.4.1 LNG export scenario
5.10.4.2 LNG import scenario
5.10.5 HS CODE 280410
5.10.5.1 Hydrogen export scenario
5.10.5.2 Hydrogen import scenario
5.11 KEY CONFERENCES AND EVENTS, 2024-2025
5.12 REGULATORY LANDSCAPE
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12.2 REGULATORY FRAMEWORKS
5.13 PORTER'S FIVE FORCES ANALYSIS
5.13.1 THREAT OF SUBSTITUTES
5.13.2 BARGAINING POWER OF SUPPLIERS
5.13.3 BARGAINING POWER OF BUYERS
5.13.4 THREAT OF NEW ENTRANTS
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.14.2 BUYING CRITERIA
5.15 INVESTMENT AND FUNDING SCENARIO
5.16 MACROECONOMIC OUTLOOK FOR CRYOGENIC VALVE ASSEMBLY MARKET
6 CRYOGENIC VALVE ASSEMBLY MARKET, BY CONSTRUCTION MATERIALS (QUALITATIVE)
6.1 INTRODUCTION
6.2 STAINLESS STEEL
6.3 NICKEL ALLOYS
6.4 STELLITE
6.5 POLYTETRAFLUOROETHYLENE (PTFE)
6.6 POLYCHLOROTRIFLUOROETHYLENE (PCTFE)
6.7 GRAPHITE
7 CRYOGENIC VALVE ASSEMBLY MARKET, BY SYSTEM TYPE (QUALITATIVE)
7.1 INTRODUCTION
7.2 STORAGE SYSTEMS
7.3 HANDLING SYSTEMS
7.4 SUPPLY SYSTEMS
7.5 OTHER SYSTEMS
8 CRYOGENIC VALVE ASSEMBLY MARKET, BY TYPE
8.1 INTRODUCTION
8.2 GATE VALVES
8.2.1 ENABLING SAFE AND PRECISE ISOLATION IN CRYOGENIC APPLICATIONS
8.3 GLOBE VALVES
8.3.1 OFFERING ENERGY EFFICIENCY BY OPTIMIZING FLUID FLOW IN CRYOGENIC SYSTEMS APPLICATIONS
8.4 BALL VALVES
8.4.1 NEED FOR FAST OPERATION IN EMERGENCY SHUT-OFF SITUATIONS
8.5 CHECK VALVES
8.5.1 NEED FOR SAFE AND EFFICIENT OPERATION IN TRANSPORTATION AND STORAGE OF LIQUEFIED GASES
8.6 BUTTERFLY VALVES
8.6.1 PROVIDING LOW-PRESSURE DROPS MAKES THEM SUITABLE FOR HIGH-FLOW CRYOGENIC APPLICATIONS
8.7 OTHER VALVES
9 CRYOGENIC VALVE ASSEMBLY MARKET, BY COMPONENT
9.1 INTRODUCTION
9.2 VALVE BODY
9.2.1 RISING FOCUS ON MEETING STRINGENT SAFETY AND REGULATORY STANDARDS IN CRYOGENIC APPLICATIONS
9.3 SEATS
9.3.1 DEMAND FOR HIGH-PERFORMANCE SEATS TO ENSURE ZERO-LEAK OPERATION IN CRITICAL CRYOGENIC APPLICATIONS
9.4 SEALS
9.4.1 RISE IN REQUIREMENT FOR SEALS CAPABLE OF WITHSTANDING HARSH CHEMICALS AND CORROSIVE MEDIA
9.5 GASKETS
9.5.1 ESSENTIAL FOR ENSURING LEAK-PROOF SEALS IN CRYOGENIC SYSTEMS, PREVENTING FLUID OR GAS LEAKAGE
9.6 BACK-UP RINGS
9.6.1 OFFERING INCREASED LONGEVITY OF SEALS, REDUCING FREQUENCY OF REPLACEMENTS AND MAINTENANCE COSTS
9.7 PIPE SLEEVES
9.7.1 ADDITIONAL STRENGTH IMPROVES ABILITY TO WITHSTAND HIGH-PRESSURE CONDITIONS IN CRYOGENIC SYSTEMS
9.8 SPACERS
9.8.1 ENSURING PRECISE ALIGNMENT BETWEEN COMPONENTS, IMPROVING OVERALL PERFORMANCE AND EFFICIENCY OF CRYOGENIC SYSTEMS
9.9 BEARINGS
9.9.1 MINIMIZING FRICTION BETWEEN MOVING PARTS, ENHANCING EFFICIENCY IN VALVE OPERATIONS
9.10 GEARS
9.10.1 INCREASED NEED FOR GEARS TO ENABLE ACCURATE VALVE ACTUATION AND FLOW REGULATION
9.11 ACTUATORS
9.11.1 RISE IN DEMAND FOR PRECISE CONTROL OF VALVE MOVEMENT IN CRYOGENIC APPLICATIONS
9.12 BONNET
9.12.1 EXTENDED BONNET PREVENTS FREEZING BETWEEN PACKING AND STEM, ENSURING BETTER SEALING IN EXTREME TEMPERATURES
9.13 DISCS/PLUGS
9.13.1 MAINTAINING PRESSURE AND PREVENTING LEAKAGE TO ENSURE SAFE TRANSPORT AND STORAGE OF CRYOGENIC LIQUIDS
9.14 STEM
9.14.1 MADE FROM DURABLE MATERIALS TO WITHSTAND PHYSICAL STRESSES AND CORROSIVE EFFECTS OF CRYOGENIC LIQUIDS
9.15 THROTTLE PLATES
9.15.1 ENSURING ACCURATE CONTROL OF GAS OR FLUID FLOW AT VARYING TEMPERATURES
9.16 OTHER COMPONENTS
10 CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN
10.1 INTRODUCTION
10.2 NITROGEN
10.2.1 HIGH ADOPTION OF NITROGEN IN ENERGY & POWER SECTOR
10.3 ARGON
10.3.1 RISE IN DEMAND FOR ELECTRONICS TO DRIVE REQUIREMENTS FOR ARGON-HANDLING CRYOGENIC VALVE ASSEMBLY
10.4 OXYGEN
10.4.1 INCREASE IN STEEL AND IRON PRODUCTION TO CREATE HIGH DEMAND FOR OXYGEN-RELATED CRYOGENIC EQUIPMENT
10.5 LNG
10.5.1 EFFICIENCY AND SAFETY TO BE VITAL FOR LNG STORAGE, TRANSPORTATION, AND REGASIFICATION PROCESSES
10.6 HYDROGEN
10.6.1 INCREASE IN PRODUCTION OF HYDROGEN-POWERED VEHICLES TO NECESSITATE ADVANCED CRYOGENIC VALVES FOR SECURE HYDROGEN HANDLING
10.7 OTHER CRYOGENS
11 CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY
11.1 INTRODUCTION
11.2 METALLURGY
11.2.1 NEED FOR PRECISE REGULATION OF EXTREMELY LOW-TEMPERATURE LIQUIDS AND GASES IN METAL PROCESSING
11.3 ENERGY & POWER
11.3.1 INCREASED DEMAND FOR LIQUEFIED NATURAL GAS (LNG) FOR POWER GENERATION AND TRANSPORTATION
11.4 CHEMICALS
11.4.1 PRODUCTION OF SPECIALTY CHEMICALS, OFTEN INVOLVING LOW-TEMPERATURE PROCESSES, TO SUPPORT ADOPTION OF VALVES FOR PRECISE CONTROL
11.5 ELECTRONICS
11.5.1 GROWING SEMICONDUCTOR INDUSTRY TO REQUIRE ULTRA-PURE CRYOGENIC GASES SUCH AS NITROGEN AND HELIUM
11.6 TRANSPORTATION
11.6.1 GLOBAL INCREASE IN BUILDING LNG AND HYDROGEN REFUELING STATIONS
11.7 OTHER END-USER INDUSTRIES
12 CRYOGENIC VALVE ASSEMBLY MARKET, BY APPLICATION
12.1 INTRODUCTION
12.2 CRYOGENIC AIR SEPARATION UNIT (CASU)
12.2.1 NEED FOR OXYGEN AND NITROGEN IN POWER GENERATION, NATURAL GAS PROCESSING, AND LNG PRODUCTION
12.3 NON-CRYOGENIC AIR SEPARATION UNIT (NON-CASU)
12.3.1 BEING SMALLER AND MORE COMPACT TO ALLOW FOR EASIER INSTALLATION IN LIMITED SPACES
13 CRYOGENIC VALVE ASSEMBLY MARKET, BY REGION
13.1 INTRODUCTION
13.2 ASIA PACIFIC
13.2.1 CHINA
13.2.1.1 Increase in LNG infrastructure to meet rising energy demand
13.2.2 INDIA
13.2.2.1 Increase in investments in space missions
13.2.3 AUSTRALIA
13.2.3.1 Australia's LNG export leadership to fuel demand for cryogenic valves in storage and transport
13.2.4 JAPAN
13.2.4.1 Initiatives to become global leader in hydrogen technology and infrastructure
13.2.5 MALAYSIA
13.2.5.1 Government's push for cleaner energy sources to necessitate efficient valve systems with expanding natural gas networks for transportation and distribution
13.2.6 REST OF ASIA PACIFIC
13.3 NORTH AMERICA
13.3.1 US
13.3.1.1 US leadership in LNG exports, supported by expanding terminal capacities, to drive demand in storage and transportation
13.3.2 CANADA
13.3.2.1 Construction of LNG export facilities to generate significant demand for cryogenic equipment
13.3.3 MEXICO
13.3.3.1 Pioneering energy transformation with robust LNG and hydrogen infrastructure advancements
13.4 EUROPE
13.4.1 RUSSIA
13.4.1.1 Investments in LNG by energy giants
13.4.2 UK
13.4.2.1 Government's commitment to net-zero carbon emissions
13.4.3 GERMANY
13.4.3.1 Germany's hydrogen economy to drive demand for cryogenic valves for liquid hydrogen storage and transport
13.4.4 FRANCE
13.4.4.1 National low-carbon strategy with five-year carbon budgets and multiannual plan for energy investments
13.4.5 REST OF EUROPE
13.5 MIDDLE EAST
13.5.1 GCC COUNTRIES
13.5.1.1 Saudi Arabia
13.5.1.1.1 Initiation of LNG projects to diversify its energy portfolio and strengthen its position in global energy market
13.5.1.2 UAE
13.5.1.2.1 Investments in natural gas infrastructure, including LNG production and storage
13.5.1.3 Qatar
13.5.1.3.1 Qatar's ongoing investments in LNG terminals, export facilities, and storage tanks require advanced cryogenic valves
13.5.1.4 Rest of GCC
13.5.2 REST OF THE MIDDLE EAST
13.6 AFRICA
13.6.1 SOUTH AFRICA
13.6.1.1 Growth in metallurgy, chemicals, and healthcare to drive demand for industrial gases
13.6.2 NIGERIA
13.6.2.1 Increase in demand for LNG and nitrogen from oil & gas and shipping industries
13.6.3 ALGERIA
13.6.3.1 Upcoming offshore projects, increasing LNG export volumes, and ongoing enhancements in liquefaction and storage facilities
13.6.4 REST OF AFRICA
13.7 SOUTH AMERICA
13.7.1 BRAZIL
13.7.1.1 Energy transition and oil production from offshore sources
13.7.2 ARGENTINA
13.7.2.1 Reviving oil & gas sector to bring opportunities for cryogenic valves and component providers
13.7.3 VENEZUELA
13.7.3.1 Vast natural gas reserves, including Orinoco Belt, drive LNG production and export
13.7.4 REST OF SOUTH AMERICA
14 COMPETITIVE LANDSCAPE
14.1 OVERVIEW
14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020-2024
14.3 MARKET SHARE ANALYSIS, 2023
14.4 REVENUE ANALYSIS, 2020-2024
14.5 BRAND/PRODUCT COMPARISON
14.6 COMPANY VALUATION AND FINANCIAL METRICS, 2024
14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
14.7.1 STARS
14.7.2 EMERGING LEADERS
14.7.3 PERVASIVE PLAYERS
14.7.4 PARTICIPANTS
14.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
14.7.5.1 Company footprint
14.7.5.2 Regional footprint
14.7.5.3 Type footprint
14.7.5.4 Cryogen footprint
14.7.5.5 Application footprint
14.7.5.6 End User Footprint
14.7.5.7 Component footprint
14.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
14.8.1 PROGRESSIVE COMPANIES
14.8.2 RESPONSIVE COMPANIES
14.8.3 DYNAMIC COMPANIES
14.8.4 STARTING BLOCKS
14.8.5 COMPETITIVE BENCHMARKING
14.8.5.1 List of key startups/SMEs
14.8.5.2 Competitive benchmarking of key startups/SMEs
