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Jul 31, 2023

Cryogenic Valves Market Global Industry Overview and Competitive Landscape till 2032

Over the forecast period of 2022 to 2032, the cryogenic valves market is

Over the forecast period of 2022 to 2032, the cryogenic valves market is expected to grow at a CAGR of 4.8% and reach a valuation of US$ 5,523.5 Million by the end of 2032. Rising demand for cryogenic gases from various end-use sectors is estimated to drive growth in the global market over the forecast period. Development of new technologies and increasing investments in gas-based power plants are also set to push the market globally. Moreover, expansion of the food & beverage and chemical sectors in Asia Pacific is creating new opportunities for market players.

Besides, growth can be attributed to ongoing expansion of the industrial and healthcare sectors worldwide. Increasing demand for cryogenic gases such as LNG and liquid helium in rockets is likely to augur well for the global market. Also, MRI machines require cryogenic cooling, while the food sector needs to store large quantities of food, which would aid growth. Increasing development of green energy worldwide is also expected to drive growth.

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Moreover, increasing demand for energy across the globe is likely to aid the global market. Governments of various emerging economies are taking several initiatives to accelerate power production and develop their infrastructures. As per the India Brand Equity Foundation (IBEF), by 2022, the country is likely to become the world's third largest construction market. India is estimated to need investments worth US$ 777.73 Billion across infrastructure for a sustainable development by 2022. These factors are projected to help the global market to grow at a rapid pace.

Key Takeaways from Market Study

"Increasing implementation of stringent regulations for emission control in the power generation sector and rising adoption of refrigeration systems in the F&B sector are creating new growth opportunities for cryogenic valves manufacturers," says a Future Market Insights analyst.

Competitive Landscape: Cryogenic Valves Market

Some of the key players in the global market are Flowserve Corp., Herose, Emerson Electric, L&T, Samson, Cryocomp, Habonim, Parker Hennafin, Bray Corp.,Velan, Weir Group, Powell Valves LTD., BAC, Kitz Corporation, Mack Valves, YPS Valves Ltd, and OMB Valves SpA among others. Manufacturers are strategically collaborating with technology partners for maintaining strong relations. They are also looking forward to helping the oil and gas industry by providing technologically advanced products.

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Get More Insights on the Cryogenic Valves Market

The research report analyses the market demand trend for the cryogenic valves. The global market is based on macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the cryogenic valves market report is studied and analyzed in the following segments such as by valve type, by gas, end use & regions. The cryogenic valves market report gives us qualitative and quantitative information about the companies.

Key Segments Covered in Cryogenic Valves Market Analysis

By Valve Type:

By Gas Type:

By End Use:

By Region:

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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