Industrial Cryogenic Valves Market was valued at USD 2.3 Billion in 2022 and is projected to reach USD 3.8 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The industrial cryogenic valves market has experienced significant growth from 2018 to 2022, driven by increasing demand across various sectors such as energy, chemicals, and natural gas industries. During this period, advancements in valve technology, combined with the rising demand for liquefied natural gas (LNG) and other cryogenic liquids, have played a pivotal role in driving the market forward. Cryogenic valves are essential in handling extremely low temperatures and pressures, ensuring the safe and efficient transport and storage of liquefied gases. These valves are primarily used to control the flow of cryogenic fluids in various applications, such as LNG storage tanks, pipelines, and industrial processing plants.
The demand for industrial cryogenic valves is expected to continue its upward trajectory through 2023 to 2033. Market experts predict a steady increase in demand driven by factors such as the growing adoption of LNG as an energy source, as well as the expansion of cryogenic storage facilities. This growth will be particularly pronounced in regions where infrastructure for LNG is rapidly expanding, including Asia-Pacific, North America, and Europe. Additionally, the rising focus on reducing greenhouse gas emissions has resulted in a stronger shift toward the adoption of cleaner energy sources, further propelling the demand for cryogenic valves.
The market is also expected to witness technological innovations in valve materials and designs. Manufacturers are focusing on developing valves that are not only more durable and corrosion-resistant but also capable of functioning at ultra-low temperatures while reducing the risk of leaks and ensuring maximum safety. These innovations are expected to attract investment and lead to a more sustainable industrial cryogenic valves market.
Another contributing factor to the market’s growth is the increasing demand for medical gases, which also requires the use of cryogenic valves for safe handling and transportation. This market segment is expected to expand significantly, further boosting the overall demand for cryogenic valves.
Get an In-Depth Research Analysis of the Global Industrial Cryogenic Valves Market Size And Forecast [2025-2032]
Emerson
Flowserve
Cameron
Kitz
KSB
Johnson Controls
AVK
ADAMS
Crane
IMI
Parker Hannifin
Tomoe
Bray
Watts Water Technologies
Circor
Zwick
Maezawa Industries
Diefei
Kirloskar
ARI
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Industrial Cryogenic Valves Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial Cryogenic Valves Market
Oil & Gas
Power Generation
Water Treatment
Construction
Other
Based on Types the Market is categorized into Below types that held the largest Industrial Cryogenic Valves market share In 2023.
Ball Valves
Gate Valves
Butterfly Valves
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Industrial Cryogenic Valves Market Research Analysis
1. Introduction of the Global Industrial Cryogenic Valves Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Industrial Cryogenic Valves Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Cryogenic Valves Market, By Type
6. Global Industrial Cryogenic Valves Market, By Application
7. Global Industrial Cryogenic Valves Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Industrial Cryogenic Valves Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/