Market Research Future published a raw research report
Global Cryogenic Valve Market that contains the information from 2018 to
2023. The Global Cryogenic Valve Market
is expected to grow at 4.49% CAGR from 2018 to 2023.
Cryogenic valves are the valves designed for operating
under low temperature or extreme cold applications. There are various type of
cryogenic valves which differ in terms of construction, features and their
applications. These valves are built to transport and store the cryogenic gases
for safe and efficient conveyance. Different valves are used for the liquefied
natural gas (LNG), nitrogen, oxygen, argon, and helium which operate at
different temperatures. Cryogenic valves are widely used in vertical of
industries such as food & beverage, storage equipment, air separation
plant, aerospace, chemical, pharmaceutical industries etc. for piping and
storage purpose.
The increasing demand for cryogenic valve market is attributed to the rising need for LNG and other
industrial gases. The increasing LNG trade across the globe, due to its eco-friendly nature has led to the rising demand for
storage and transportation of cryogenic gases, which has driven the market
growth globally. The increasing number of on-site cryogenic trailer repair and cylinder fill
plant for producing industrial gases is also on a rise, which enhances the
market growth. However, one of the major restraints for the global cryogenic
valve market is the stringent quality and safety standards which incurs the
manufacturing cost of the valves.
Industry
Segmentation
The market for global cryogenic valve market is segmented based on gas as LNG, oxygen, nitrogen,
and others. LNG segment dominates the market due to increase in LNG trading
owing to shift from long term contracts to spot market trade.
Many developing economies are investing into
industrial development and infrastructure which boost the demand for cryogenic
valve market. Asia-Pacific has high growth potential for the global cryogenic
valve market, as these valves are extensively used in end user industries owing
to rising use of natural gas in power generation, steel manufacturing, electronics,
transportation, and storage applications.
For instance, according to world LNG report, 45 MTPA
of regasification capacity was added during 2017 with major contribution from Asia-Pacific,
Hence, global cryogenic valve market is anticipated to have significant growth
rate in the forecast period.
Browse
Complete Report @ https://www.marketresearchfuture.com/reports/cryogenic-valve-market-6783
Leading
Players
The key players of the global cryogenic valve market are
Flowserve Corporation (US), Herose Gmbh (Germany), Emerson Electric Co (US), L&T
Valves Limited. (India), Samson Controls Inc. (US), Cryocomp (US), Parker
Hannifin Corp (US), The Weir Group PLC, (UK), Velan Inc (Canada), Bray
International (US), Bac Valves (Spain), Powell Valves (US), and Valco Group
(France).
Scope
of the Report
This research report
provides insights into various levels of analysis, such as industry analysis
and market share analysis for the leading industry competitors, along with
their profiles. It also helps in studying the target segments by providing
views on the emerging & high-growth segments. The market data comprises the
basic assessment of the competitive scenarios and strategies in the global cryogenic
valve market, including high-growth regions and/or countries, and political and
economic environments. The project report further provides both – historical
market values and pricing & cost analysis
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