Cryogenic Valve Market Size & Share by Sales Revenue, Demands, Growth Factors and Emerging Trends by 2026, Fortune Business Insights

(The Express Wire via Comtex)

The increasing demand for natural gas and LPG is expected to propel the growth of the cryogenic valve market, says Fortune Business Insights in a report, titled "Cryogenic Valve Market Size", Share and Global Trend By Type (Gate, Globe, Ball, Butterfly, Others), By Application (Transfer Lines, Manifolds and Gas Trains, Tanks and Cold Boxes, Others), By End-User (Oil and Gas, Chemical, Food and Beverage, Others) and Geography Forecast till 2028. The surge in oil and gas activities is expected to boost the market.

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Some Of The Major Companies That Are Present In The Cryogenic Valve Market are:

  • Velan
  • Habonim Industrial Valves and Actuators LTD
  • Herose GmbH
  • Bray International Inc.
  • KITZ Corporation
  • Weka AG.
  • Hy-Lok USA
  • Parker
  • LandT Valves
  • Red Point Alloys
  • ValvTechnologies Inc.
  • Emerson
  • PBM INC.
  • Valve Solutions
  • Cryocomp
  • Blackhall Engineering Limited
  • ACME Cryogenics
  • Flowserve Corporation

For more information in the analysis of this report, visit:https://www.fortunebusinessinsights.com/industry-reports/cryogenic-valve-market-101082

Key Industry Developments

  • In March 2021, The Indian shipping ministry has issued guidelines for setting up Floating Storage Regasification Units (FSRU) for handling Liquefied Natural Gas (LNG) cargo at major port trusts.
  • In December 2018, Emerson announced it has acquired Advanced Engineering Valves (A.E. Valves), a manufacturer of valve technology that helps LNG customers operate more efficiently.

As per the report, on the basis of type, the cryogenic valve market is segmented into the gate valve, globe valve, ball valve, butterfly valve, and others. On the basis of application, cryogenic valve technologies is segmented into transfer lines, manifolds and gas trains, tanks and cold boxes, and others. On the basis of end-user, the market is segmented into oil and gas, chemical, food, and beverage, and others. The increasing demand for oil and gas will aid the growth of the market. In addition, several research organizations and universities use cryogenic valves for research and development activities. This factor will enable the growth of the market.

The report focuses on all the characteristics and provides articulate data on the cryogenic valve market. The study is completed after intense analysis to benefit companies and investors, considering to participate and invest in the market. It comprises market drivers, segmentation, market drivers, industrial development, and restricting factors.

Increasing Demand for Natural Gas Will Enable Growth

The growing demand for LPG and natural gas is predicted to propel the growth of the market. The increasing floating storage regasification units (FSRU) and floating production storage and offloading (FPSO) will contribute to the growth of the market. Cryogenic valves are extensively used in FSRU and FPSO. The new guidelines by the Indian shipping ministry is expected to aid the growth of the market. For instance, the Indian shipping ministry has issued guidelines for setting up Floating Storage Regasification Units (FSRU) for handling Liquefied Natural Gas (LNG) cargo at major port trusts. Furthermore, the acquisition of Emerson will support the growth of the market. For instance, Emerson announced it has acquired Advanced Engineering Valves (A.E. Valves), a manufacturer of valve technology that helps LNG customers operate more efficiently. However, the high cost of raw materials and special alloys that are used for low-temp

Key Market Driver Growing demand for natural gas and LPG

Key Market Restraint High investment costs

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Market Segmentation

1. By Type

  • Gate
  • Globe
  • Ball
  • Butterfly
  • Others

2. By Application

  • Transfer Lines
  • Manifolds and Gas Trains
  • Tanks and Cold Boxes
  • Others

3. By End-User

  • Oil and Gas
  • Chemical
  • Food and Beverage
  • Others

4. By Geography

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East and Africa (South Africa, GCC, and Rest of the Middle East and Africa)

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Surge In Chemical Processing Units Will Accelerate Growth In Asia Pacific

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia-Pacific will witness high growth during the forecast period owing to the increasing demand and growing use of LNG. The surge in chemical processing units, an increase in oil and gas downstream activities along manufacturing output will accelerate the growth of the market. Africa has the highest potential for the cryogenic valve market in the coming year. Middle-Eastern countries will provide steady growth for the cryogenic valve market owing to the increasing demand for LNG. The surge in shale gas exploration activities and extraction in North America is expected to positively contribute to market growth. Increasing RandD activities in North America and Europe is expected to further boost the market. The surge in space activities in the USA, China, India, Japan, and others will further fuel demand for the cryogenic valve market in the future.

Major Table of Content ForCryogenic ValveMarket:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Cryogenic Valve Market Analysis, Insights and Forecast, 2028
  6. North America Cryogenic Valve Market Analysis, Insights and Forecast, 2028
  7. Europe Cryogenic Valve Market Analysis, Insights and Forecast, 2028
  8. Asia Pacific Cryogenic Valve Market Analysis, Insights and Forecast, 2028
  9. The Middle East and Africa Cryogenic Valve Market Analysis, Insights and Forecast, 2028
  10. Latin America Cryogenic Valve Market Analysis, Insights and Forecast, 2028
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact Analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

https://www.fortunebusinessinsights.com/industry-reports/cryogenic-valve-market-101082

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