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Cryogenic Valve Market by Gas (LNG, Oxygen, Nitrogen), Type (Globe, Gate, Ball), End-User (Energy & Power, Food, Chemicals), Application (Tanks & Cold Boxes, Transfer Lines, Manifolds & Gas Trains), And Region - Global Forecast to 2023

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    Report

  • 127 Pages
  • May 2018
  • Region: Global
  • Markets and Markets
  • ID: 4530586
Description Jump to:

The cryogenic valve market is projected to grow at a CAGR of 4.51%, from 2018 to 2023.

The cryogenic valve market is estimated to be USD 3.00 billion in 2018 and is projected to reach USD 3.75 billion by 2023, at a CAGR of 4.51%, from 2018 to 2023. Rising investments in the LNG sector is the key factor driving the cryogenic valve market. Moreover, the increasing demand for Floating Production Storage and Offloading (FPSO) vessels is further expected to boost the growth of the cryogenic valve market. Volatile metal price can act as a restraint for the cryogenic valve market, leading to declining profits.

The Energy & Power subsegment of the end-user segment is expected to grow at the highest CAGR, from 2018 to 2023.

The energy & power subsegment of the end-user segment is expected to grow at the highest CAGR, during the forecast period due to the increasing LNG production. In Asia Pacific, countries such as China, India, South Korea, and Southeast Asian countries are the major importers of LNG to meet the growing power generation and domestic sector demand.

Asia Pacific: The largest market for cryogenic valves in 2017

The market in Asia Pacific is currently the largest market for cryogenic valves followed by the North American market. The substantial growth in end-user industries, such as chemicals, electronics, metallurgy, and food & beverage, is expected to drive the cryogenic valve market in the Asia Pacific region.

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- 35%, Tier 2- 45%, Tier 3- 20%
  • By Designation: C-Level- 55%, Manager-Level- 25%, and Others- 40%
  • By Region: North America – 45%, Europe – 20%, Asia Pacific – 27%, Middle East & Africa – 5%, and South America – 3%

The tier of the companies is defined on the basis of their total revenue as of 2016. Tier 1: USD 1 billion, Tier 2: From USD 1 billion to USD 500 million, and Tier 3: <USD 500 million

The leading players in the cryogenic valve market include Flowserve (US), Herose (Germany), Emerson (US), L&T (India), Schlumberger (US), Samson (Germany), Cryocomp (US), Habonim (Israel), Parker (US), Bray (US), Velan (Canada), Weir Group (Scotland), Powell Valves (US), and BAC (Spain).

Research Coverage:

The report defines, describes, and forecasts the global cryogenic valve market by type, application, gas, end-user, and region. 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 market.

Why buy this report?

  • The report identifies and addresses key markets for cryogenic valves, which would help manufacturers review the growth in demand.
  • The report helps system providers understand the pulse of the market and provide insights into drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Cryogenic Valve Market During the Forecast Period
4.2 Cryogenic Valve Market, By Application
4.3 Cryogenic Valve Market, By Type
4.4 Cryogenic Valve Market, By End-User
4.5 Cryogenic Valve Market, By Gas
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Trade for LNG
5.2.1.2 High Demand for Industrial Gases
5.2.1.3 Increasing Demand for More Fpso and Fsru
5.2.2 Restraints
5.2.2.1 Volatile Metal Prices Increase the Production Cost
5.2.3 Opportunities
5.2.3.1 High Demand From the Chemical Industry
5.2.3.2 Increase in the Energy Demand
5.2.4 Challenges
5.2.4.1 Operational Safety Associated With Liquid Gases
5.2.4.2 High Operation and Maintenance Cost
6 Cryogenic Valve Market, By End-User
6.1 Introduction
6.2 Energy & Power
6.3 Chemicals
6.4 Food & Beverage
6.5 Healthcare
6.6 Others
7 Cryogenic Valve Market, By Gas
7.1 Introduction
7.2 Liquefied Natural Gas (LNG)
7.3 Nitrogen
7.4 Oxygen
7.5 Others
8 Cryogenic Valve Market, By Type
8.1 Introduction
8.2 Ball Valve
8.3 Globe Valve
8.4 Gate Valve
8.5 Check Valve
8.6 Others
9 Cryogenic Valve Market, By Application
9.1 Introduction
9.2 Transfer Lines
9.3 Tanks & Cold Boxes
9.4 Manifolds & Gas Trains
9.5 Liquefiers
10 Cryogenic Valve Market, By Region
10.1 Introduction
10.2 North America
10.2.1 By Gas
10.2.2 By End-User
10.2.3 By Type
10.2.4 By Application
10.2.5 By Country
10.2.5.1 Us
10.2.5.2 Canada
10.2.5.3 Mexico
10.3 Asia Pacific
10.3.1 By Gas
10.3.2 By End-User
10.3.3 By Type
10.3.4 By Application
10.3.5 By Country
10.3.5.1 China
10.3.5.2 India
10.3.5.3 Australia
10.3.5.4 South Korea
10.3.5.5 Japan
10.3.5.6 Rest of Asia Pacific
10.4 Europe
10.4.1 By Gas
10.4.2 By End-User
10.4.3 By Type
10.4.4 By Application
10.4.5 By Country
10.4.5.1 Russia
10.4.5.2 Germany
10.4.5.3 UK
10.4.5.4 France
10.4.5.5 Italy
10.4.5.6 Rest of Europe
10.5 Middle East & Africa
10.5.1 By Gas
10.5.2 By End-User
10.5.3 By Type
10.5.4 By Application
10.5.5 By Country
10.5.5.1 Qatar
10.5.5.2 Saudi Arabia
10.5.5.3 UAE
10.5.5.4 South Africa
10.5.5.5 Rest of Middle East & Africa
10.6 South America
10.6.1 By Gas
10.6.2 By End-User
10.6.3 By Type
10.6.4 By Application
10.6.5 By Country
10.6.5.1 Brazil
10.6.5.2 Argentina
10.6.5.3 Rest of South America
11 Competitive Landscape
11.1 Overview
11.2 Ranking of Players & Industry Concentration, 2016
11.3 Competitive Scenario
11.3.1 Acquisitions
11.3.2 Contracts & Agreements
11.3.3 New Product Launches
12 Company Profiles
12.1 Benchmarking
12.2 BAC
12.3 Bray
12.4 Cryocomp
12.5 Emerson
12.6 Flowserve
12.7 Habonim
12.8 Herose
12.9 L&T
12.10 Parker
12.11 Powell Valves
12.12 Samson
12.13 Schlumberger
12.14 Velan
12.15 Weir Group
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store
13.4 Introducing RT: Real Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details
List of Tables:
Table 1 Cryogenic Valve Market Snapshot
Table 2 Cryogenic Valve Market Size, By End-User, 2016–2023 (USD Million)
Table 3 Energy & Power: Cryogenic Valve Market Size, By Region, 2016–2023 (USD Million)
Table 4 Chemicals: Cryogenic Valve Market Size, By Region, 2016–2023 (USD Million)
Table 5 Food & Beverage: Cryogenic Valve Market Size, By Region, 2016–2023 (USD Million)
Table 6 Healthcare: Cryogenic Valve Market Size, By Region, 2016–2023 (USD Million)
Table 7 Others: Cryogenic Valve Market Size, By Region, 2016–2023 (USD Million)
Table 8 Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 9 LNG: Cryogenic Valve Market Size, By Region, 2016–2023 (USD Million)
Table 10 Nitrogen: Cryogenic Valve Market Size, By Region, 2016–2023 (USD Million)
Table 11 Oxygen: Cryogenic Valve Market Size, By Region, 2016–2023 (USD Million)
Table 12 Others: Cryogenic Valve Market Size, By Region, 2016–2023 (USD Million)
Table 13 Cryogenic Valve Market Size, By Type, 2016–2023 (USD Million)
Table 14 Ball Valve: Cryogenic Valves Market Size, By Region, 2016–2023 (USD Million)
Table 15 Globe Valve: Cryogenic Valves Market Size, By Region, 2016–2023 (USD Million)
Table 16 Gate Valve: Cryogenic Valve Market Size, By Region, 2016–2023 (USD Million)
Table 17 Check Valve: Cryogenic Valves Market Size, By Region, 2016–2023 (USD Million)
Table 18 Others: Cryogenic Valves Market Size, By Region, 2016–2023 (USD Million)
Table 19 Cryogenic Valve Market Size, By Application, 2016–2023 (USD Million)
Table 20 Transfer Lines: Cryogenic Valve Market Size, By Region, 2016–2023 (USD Million)
Table 21 Tanks & Cold Boxes: Cryogenic Valve Market Size, By Region, 2016–2023 (USD Million)
Table 22 Manifolds & Gas Trains: Cryogenic Valve Market Size, By Region, 2016–2023 (USD Million)
Table 23 Liquefiers: Cryogenic Valve Market Size, By Region, 2016–2023 (USD Million)
Table 24 Cryogenic Valve Market, By Region, 2016–2023 (USD Million)
Table 25 North America: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 26 North America: Cryogenic Valve Market Size, By End-User, 2016–2023 (USD Million)
Table 27 North America: Cryogenic Valve Market Size, By Type, 2016–2023 (USD Million)
Table 28 North America: Cryogenic Valve Market Size, By Application, 2016–2023 (USD Million)
Table 29 North America: Cryogenic Valve Market Size, By Country, 2016–2023 (USD Million)
Table 30 US: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 31 Canada: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 32 Mexico: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 33 Asia Pacific: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 34 Asia Pacific: Cryogenic Valve Market Size, By End-User, 2016–2023 (USD Million)
Table 35 Asia Pacific: Cryogenic Valve Market Size, By Type, 2016–2023 (USD Million)
Table 36 Asia Pacific: Cryogenic Valve Market Size, By Application, 2016–2023 (USD Million)
Table 37 Asia Pacific: Cryogenic Valve Market Size, By Country, 2016–2023 (USD Million)
Table 38 China: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 39 India: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 40 Australia: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 41 South Korea: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 42 Japan: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 43 Rest of Asia Pacific: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 44 Europe: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 45 Europe: Cryogenic Valve Market Size, By End-User, 2016–2023 (USD Million)
Table 46 Europe: Cryogenic Valve Market Size, By Type, 2016–2023 (USD Million)
Table 47 Europe: Cryogenic Valve Market Size, By Application, 2016–2023 (USD Million)
Table 48 Europe: Cryogenic Valve Market Size, By Country, 2016–2023 (USD Million)
Table 49 Russia: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 50 Germany: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 51 UK: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 52 France: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 53 Italy: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 54 Rest of Europe: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 55 Middle East & Africa: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 56 Middle East & Africa: Cryogenic Valve Market Size, By End-User, 2016–2023 (USD Million)
Table 57 Middle East & Africa: Cryogenic Valve Market Size, By Type, 2016–2023 (USD Million)
Table 58 Middle East & Africa: Cryogenic Valve Market Size, By Application, 2016–2023 (USD Million)
Table 59 Middle East & Africa: Cryogenic Valve Market Size, By Country, 2016–2023 (USD Million)
Table 60 Qatar: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 61 Saudi Arabia: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 62 UAE: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 63 South Africa: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 64 Rest of Middle East & Africa: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 65 South America: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 66 South America: Cryogenic Valve Market Size, By End-User, 2016–2023 (USD Million)
Table 67 South America: Cryogenic Valve Market Size, By Type, 2016–2023 (USD Million)
Table 68 South America: Cryogenic Valve Market Size, By Application, 2016–2023 (USD Million)
Table 69 South America: Cryogenic Valve Market Size, By Country, 2016–2023 (USD Million)
Table 70 Brazil: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 71 Argentina: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 72 Rest of South America: Cryogenic Valve Market Size, By Gas, 2016–2023 (USD Million)
Table 73 Parker, the Most Active Player in the Market, 2015–2018
List of Figures:
Figure 1 Research Design
Figure 2 Breakdown of Primaries: By Company Type, Designation, & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 LNG Segment is Expected to Lead the Cryogenic Valve Market, By Gas, During the Forecast Period
Figure 8 Energy & Power Segment is Expected to Lead the Cryogenic Valve Market, By End-User, During the Forecast Period
Figure 9 Transfer Lines Segment is Expected to Lead the Cryogenic Valve Market, By Application During the Forecast Period
Figure 10 Asia Pacific is Expected to Dominate the Cryogenic Valves Market During the Forecasted Period
Figure 11 Increasing LNG Production is Expected to Drive the Cryogenic Valve Market, 2018–2023
Figure 12 Transfer Lines Segment is Estimated to Lead the Cryogenic Valve Market, 2018–2023
Figure 13 Ball Valve Segment Led the Cryogenic Valve Market in 2017
Figure 14 Energy & Power Segment Led the Cryogenic Valve Market in 2017
Figure 15 LNG Segment is Expected to Lead the Cryogenic Valve Market During Forecast Period
Figure 16 Asia Pacific Led the Cryogenic Valve Market in 2017
Figure 17 Natural Gas: Consumption in Billion Cubic Meters By Region, 2006–2016
Figure 18 Natural Gas: Production in Billion Cubic Feet By Region, 2006–2016
Figure 19 Energy & Power Segment Held the Largest Share in 2017
Figure 20 LNG Segment is Expected to Hold the Largest Market Among Cryogenic Gases By 2023
Figure 21 Ball Valve Segment is Expected to Hold the Largest Market Among Cryogenic Type By 2023
Figure 22 Transfer Lines Segment Held the Largest Share in 2017
Figure 23 Asia Pacific Led the Cryogenic Valve Market in 2017
Figure 24 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 North America, Market Snapshot
Figure 26 Asia Pacific: Market Snapshot
Figure 27 Key Developments in the Cryogenic Valve Market, 2015–2018
Figure 28 Cameron-Schlumberger Led the Cryogenic Valve Market in 2017
Figure 29 Emerson: Company Snapshot
Figure 30 Flowserve: Company Snapshot
Figure 31 L&T: Company Snapshot
Figure 32 Parker: Company Snapshot
Figure 33 Schlumberger: Company Snapshot
Figure 34 Velan: Company Snapshot
Figure 35 Weir Group: Company Snapshot

Samples

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Executive Summary

Companies Mentioned

  • BAC
  • Bray
  • Cryocomp
  • Emerson
  • Flowserve
  • Habonim
  • Herose
  • L&T
  • Parker
  • Powell Valves
  • Samson
  • Schlumberger
  • Velan
  • Weir Group

Table Information

Report AttributeDetails
No. of Pages127
PublishedMay 2018
Forecast Period2018 - 2023
Estimated Market Value ( USD ) in 2018 $ 3 billion
Forecasted Market Value ( USD ) by 2023 $ 3.75 billion
Compound Annual Growth Rate4.6%
Regions CoveredGlobal
No. of Companies Mentioned14

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