Cryogenic Valve Assembly Market Report 2026

The cryogenic valve assembly market size has grown strongly in recent years. It will grow from $4.9 billion in 2025 to $5.32 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to growth of industrial gas applications, expansion of lng infrastructure, early adoption of cryogenic air separation units, demand from metallurgy industry, development of low temperature material science.

The cryogenic valve assembly market size is expected to see strong growth in the next few years. It will grow to $7.31 billion in 2030 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to growth of hydrogen economy, expansion of lng trade, investments in cryogenic energy storage, stricter safety standards, increasing use in aerospace and medical sectors. Major trends in the forecast period include rising demand for lng cryogenic valves, increasing use of liquid hydrogen valves, growing adoption of advanced sealing materials, expansion of cryogenic infrastructure projects, increasing focus on safety and leak prevention.

The rising demand for liquefied natural gas (LNG) is expected to drive the growth of the cryogenic valve assembly market in the coming years. LNG is natural gas cooled to a liquid state at extremely low temperatures for efficient storage and transportation. Its demand is increasing due to lower carbon emissions compared to coal and oil, making it a preferred energy source under global climate policies. Cryogenic valve assemblies are essential in LNG systems, as they provide precise flow control and reliable operation at ultra-low temperatures. They enhance safety and efficiency by minimizing leaks and fugitive emissions, ensuring optimal performance in demanding conditions. For example, in September 2023, U.S. LNG exports rose by 4% in the first half of the year compared to the same period in 2022, reaching an average of 11.6 billion cubic feet per day (Bcf/d). This growth underscores how rising LNG consumption is boosting demand for cryogenic valve assemblies.

Companies in the market are focusing on introducing advanced technologies to improve sealing performance, reduce emissions, and increase reliability in critical applications. One key innovation is the quarter-turn floating ball valve, which uses a freely supported ball rotated 90 degrees to start or stop fluid flow, creating a tight seal against the seat. In November 2023, Flowserve Corporation, a US-based valve manufacturer, launched the Worcester Cryogenic series, a new line of quarter-turn floating ball valves designed for LNG, hydrogen, and other ultra-low-temperature industries. These valves feature a high-strength stem, advanced live-loaded stem seals for superior emissions control, and a modular bolted bonnet design. This configuration improves operational flexibility, reduces spare parts requirements, and lowers total cost of ownership, making it suitable for long-term, demanding applications.

In July 2025, Alfa Laval AB, a Sweden-based industrial manufacturing company, acquired Fives Energy Cryogenics SAS for an undisclosed amount. The acquisition strengthens Alfa Laval’s cryogenic technology capabilities and supports its strategy in energy transition markets. By integrating Fives’ expertise, Alfa Laval aims to expand its offerings in LNG, hydrogen, carbon capture, and industrial gases. Fives Energy Cryogenics SAS, based in France, specializes in cryogenic engineering and manufacturing of cryogenic valve assemblies, enhancing Alfa Laval’s ability to meet growing global demand.

Major companies operating in the cryogenic valve assembly market are Baker Hughes Incorporated, Parker-Hannifin Corporation, Emerson Electric Co., Valmet Oyj, Flowserve Corporation, Crane Co., KITZ Corporation, Bürkert Fluid Control Systems, Bray International Inc., Powell Valves Limited, INOXCVA S.A., Habonim Industrial Valves Ltd., Meca-Inox S.A., Cryofab Inc., Herose GmbH, Rochelles Technomatics India Pvt. Ltd., DomBor Industrial Valves, XHVAL Valves, SVR Global LLC, Brans Valves India Pvt. Ltd.

Asia-Pacific was the largest region in the cryogenic valve assembly market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cryogenic valve assembly market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cryogenic valve assembly market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cryogenic valve assembly market consists of sales of high-pressure cryogenic valves, cryogenic tank valves, top-entry cryogenic valves, cryogenic shut-off valves, and cryogenic control valves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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