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Subject: MRR

The cryogenic Valves Market is expected to display a steady growth of 5% due to the increasing demand for cryogenic fuel from various industries including manufacturing, food & beverage, electronics & semiconductors among others | UnivDatos Market Insights

NOIDA, India, March 21, 2023 /PRNewswire/ -- According to a new report published by UnivDatos Markets Insights, the Cryogenic Valves Market was valued at 3.2 billion in 2021 and is expected to grow at a CAGR of around 5% from 2022-2028. The analysis has been segmented into Gas (Nitrogen, Helium, Oxygen, Hydrogen, Liquified Natural Gas, and Others); Valve (Globe Valve, Gate Valve, Ball Valve, Butterfly Valve, and Others); End-User (Chemical & Petrochemical, Energy & Power, Healthcare, Food & Beverage, and Others); Region/Country.

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The cryogenic valves market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the cryogenic valve market. The cryogenic valves market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the cryogenic valve market at the global and regional levels.

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Market Overview

A cryogenic valve is typically made to respond to high pressure, which forces the valve into an open position to facilitate easy passage of gas or other media. Also, cryogenic valves are made to be used in chemical, liquefied natural gas (LNG), and air separation plants under high-pressure applications by allowing the gases to flow freely until the pressure drops. They help keep the packing gland temperature above 0 degrees Celsius and prevent the stem and parts above the bonnet from freezing or icing by decreasing the heat that enters the valve from the outside. They are widely accessible in several sizes and forms to work under a range of pressures.

Factors such as technological advancement coupled with the growing number of industries and manufacturing units along with the new product launches in the market are some of the prominent factors that are positively influencing the market growth globally.

Some of the major players operating in the market include BAC Valves, Schlumberger, Baker Hughes, Neles Corp., Flowserve Corp., Cryostar GmbH, Velan Inc., ACME Cryogenic, Emerson Electric, and Cryocomp

COVID-19 Impact

The COVID-19 pandemic has had a significant impact on various industries, including the cryogenic valve market. The pandemic has caused disruptions in global supply chains, affecting the production and distribution of cryogenic valves. Many manufacturers have faced challenges in sourcing raw materials and components, as well as in transporting finished products to customers. This has led to delays in project timelines and increased costs for customers. Furthermore, the pandemic has also caused a slowdown in demand for cryogenic valves in some industries. For example, the aerospace industry has seen a significant decline in demand for air travel, resulting in a reduced need for cryogenic valves in aircraft engines. Similarly, the energy sector has faced reduced demand for liquefied natural gas (LNG), which is a major application for cryogenic valves. Overall, the impact of COVID-19 on the cryogenic valve market has been mixed, with some industries experiencing a slowdown in demand while others have seen an increase. However, as the world continues to recover from the pandemic, it is expected that the cryogenic valve market will rebound, particularly as industries such as aerospace and energy begin to recover.

The global cryogenic valves market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

Have a Look at the Chapters https://univdatos.com/report/cryogenic-valve-market/

Cryogenic Valves Market Geographical Segmentation Includes:

Asia-Pacific is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing demand for energy and stringent government regulation related to carbon emissions. Also, the rapid industrialization and replacement of the coal-based aging power infrastructure with natural gas-fired power plants are expected to support the market growth. Additionally, the increasing demand for metal processing, automotive industries, and energy & power generation is expected to propel the market growth for cryogenic fuel and subsequently increase the demand for cryogenic valves. The increasing adoption of liquid nitrogen for the refrigeration of electronic products during the manufacturing process is expected to support market growth. Moreover, the increasing adoption of cryogenic gas in the healthcare industry for the treatment of cryotherapy along with its rising demand in the food & beverage industry is expected to opportunities for the cryogenic valve market in the region. Further, the increasing investment and technological advancement in cryogenic valve manufacturing are expected to propel market growth. For instance, in March 2022, Emerson launched Aventics Series Advanced Valves system with ethernet/IP and AES profinet along with Open Platform Communication Unified Architecture which allows easier data access and increases productivity & efficiency.

The major players targeting the market include

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the cryogenic valves market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

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Cryogenic Valves Market Report Coverage

Report Attribute


Base year


Forecast period


Growth momentum

Accelerate at a CAGR of over 5%

Market size 2021

USD 3.2 billion

Regional analysis

North America, Europe, APAC, and Rest of the World

Major contributing region

Asia-Pacific to Dominate the Global Cryogenic Valves Market

Key countries covered

United States, Canada, Germany, United Kingdom, Spain, Italy, France, China, Japan, India, and Australia

Companies profiled

BAC Valves, Schlumberger, Baker Hughes, Neles Corp., Flowserve Corp., Cryostar GmbH, Velan Inc., ACME Cryogenic, Emerson Electric, and Cryocomp

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling

Segments Covered

By Gas; By Valve; By End-Users; By Region/Country


About UnivDatos Market Insights

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analyses, and customized reports that help shape winning business strategies for our clients.


UnivDatos Market Insights
Ankita Gupta
Director Operations
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Website: https://univdatos.com/

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SOURCE UnivDatos Market Insights Pvt. Ltd.

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