Global Cryogenic Valves Market Size is valued at USD 3.6 Bn in 2024 and is predicted to reach USD 6.9 Bn by the year 2034 at a 6.8% CAGR during the forecast period for 2025-2034
Key Industry Insights & Findings from the Report:
The valves known as cryogenic valves are explicitly made to handle cryogenic fluids. These fluids may be extremely cold, which could lead to the freezing or malfunctioning of ordinary valves. Stainless steel or nickel alloys, which can tolerate extremely low temperatures, are frequently used to create cryogenic valves. They are additionally covered in specific insulating or coatings that shield them from the cold.
The global cryogenic valve market growth is anticipated to increase due to the rising usage of cryogenic valves in various end-user industries, including the food and beverage, chemical, and pharmaceutical sectors, and expanding prospects in transportation, LNG, and CNG. One of the major factors propelling the cryogenic valve market is the growth of investments in the LNG industry.
Additionally, cryogenic valve market expansion is predicted to be aided by the increasing demand for Floating Production, Storage, and Offloading (FPSO) containers. Moreover, the worldwide cryogenic valve market expansion is constrained by metal price fluctuations. The worldwide cryogenic valve market has major possibilities due to rising demand from the chemical and energy sectors. The worldwide cryogenic valve market faces challenges from operational safety involving liquid gas and high operating and preservation costs.
The cryogenic valve market is segmented by application, type, gas and end user. Based on application, the market is segregated as tanks & cold boxes, liquefiers, transfer lines, manifolds & gas trains. By type, the market is segmented into globe valve, gate valve, check valve, bail value, etc. Based on gas, the market is segmented as long, oxygen, nitrogen and others. Based on end users, the market is segregated as energy & power, chemicals, food & beverage, healthcare and others.
The energy & power category is expected to hold a major share of the global cryogenic valves market in 2021. Biological tissues, such as blood, organs, and tissue samples, are at risk when transported or stored at high temperatures. Cryogenics entails using cold weather to preserve these tissues. The technique's capacity to lower cell oxygen intake, which enables long-term storage without harm or degradation over a longer time, has made it widely employed in medical science for preservation purposes. Cryogenic valves are widely used, notably in the brewing and bottling sectors of the food and drink processing industries.
The gate value segment is projected to grow rapidly in the global cryogenic valve market. A gate valve, commonly called a sluice valve, opens by raising a round or rectangular gate or ledge above the fluid's flow channel. The sealing surfaces between both gate and seats on the same plane make a gate valve stand out. A rising stem (the portion of the valve to which the handwheel is attached) and a non-rising handwheel are further qualities of a gate valve. When a gate valve is entirely opened, the platter is completely withdrawn. A gate valve can be used for on/off applications. However, it should not be utilized for repeated operation or throttling as this could result in seat erosion.
The North American cryogenic valve market is expected to register the highest market share in revenue soon. The creation of regional revenue has been a result of economic growth and significant infrastructural development. Moreover, local production, import and export, and consumption patterns have aided market participants in identifying and seizing opportunities. Also, the qualitative and quantitative aspects included in the study with in-depth analysis emphasize the market's motivating and inhibiting elements. In addition, Asia Pacific is projected to grow rapidly in the global cryogenic valves market due to growing environmental concerns, rapid industrialization, government initiatives, and increasing funding in various industries.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 3.6 Bn |
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Revenue forecast in 2034 |
USD 6.9 Bn |
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Growth rate CAGR |
CAGR of 6.8% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Bn, and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Application, Type, Gas And End User |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
Flowserve Corporation., HEROSE GMBH, Emerson Electric Co, Samson Controls Inc, Confab, Inc, Halonium Industrial Valves & Actuators Ltd, Powell Valves and Others. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Cryogenic Valve Market Snapshot
Chapter 4. Global Cryogenic Valve Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Application Estimates & Trend Analysis
5.1. by Application & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Application:
5.2.1. Tanks & Cold Boxes
5.2.2. Liquefiers
5.2.3. Transfer lines
5.2.4. Manifolds & Gas Trains
Chapter 6. Market Segmentation 2: by Type Estimates & Trend Analysis
6.1. by Type & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Type:
6.2.1. Globe Valve
6.2.2. Gate Valve
6.2.3. Check Valve
6.2.4. Ball Valve
6.2.5. Others
Chapter 7. Market Segmentation 3: by Gas Estimates & Trend Analysis
7.1. by Gas & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Gas:
7.2.1. LNG
7.2.2. Oxygen
7.2.3. Nitrogen
7.2.4. Others
Chapter 8. Market Segmentation 4: by End-user Estimates & Trend Analysis
8.1. by End-user & Market Share, 2024 & 2034
8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-user:
8.2.1. Energy & Power
8.2.2. Chemicals
8.2.3. Food & Beverage
8.2.4. Healthcare
8.2.5. Others
Chapter 9. Cryogenic Valve Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. North America
9.1.1. North America Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
9.1.2. North America Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
9.1.3. North America Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Gas, 2021-2034
9.1.4. North America Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
9.1.5. North America Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.2. Europe
9.2.1. Europe Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
9.2.2. Europe Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
9.2.3. Europe Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Gas, 2021-2034
9.2.4. Europe Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
9.2.5. Europe Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.3. Asia Pacific
9.3.1. Asia Pacific Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
9.3.2. Asia Pacific Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
9.3.3. Asia-Pacific Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Gas, 2021-2034
9.3.4. Asia-Pacific Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
9.3.5. Asia Pacific Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.4. Latin America
9.4.1. Latin America Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
9.4.2. Latin America Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
9.4.3. Latin America Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Gas, 2021-2034
9.4.4. Latin America Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
9.4.5. Latin America Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
9.5. Middle East & Africa
9.5.1. Middle East & Africa Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
9.5.2. Middle East & Africa Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
9.5.3. Middle East & Africa Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by Gas, 2021-2034
9.5.4. Middle East & Africa Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
9.5.5. Middle East & Africa Cryogenic Valve Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. ACME Cryogenics (U.S.)
10.2.2. BAC (Spain)
10.2.3. Baker Hughes (U.S.)
10.2.4. Bray International (U.S.)
10.2.5. Cryocomp (U.S.)
10.2.6. Cryostar GmbH (France)
10.2.7. Emerson Electric Co. (U.S.)
10.2.8. Flowserve Corporation (US)
10.2.9. Habonim (Israel)
10.2.10. Herose Gmbh (Germany)
10.2.11. KITZ Corporation (Japan)
10.2.12. L&T Valves Limited (India)
10.2.13. Neles Corp. (Finland)
10.2.14. Parker Hannifin Corp (US)
10.2.15. Phpk Technologies (U.S.)
10.2.16. Powell Valves (US)
10.2.17. Schlumberger (US)
10.2.18. The Weir Group PLC (UK)
10.2.19. Valco Group (France)
10.2.20. Velan Inc (Canada)
10.2.21. Weir Group (Scotland)
10.2.22. Other Prominent Players
Cryogenic Valves Market By Application
Cryogenic Valves Market By Type
Cryogenic Valves Market By Gas
Cryogenic Valves Market By End User
Cryogenic Valves Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
