Us Industrial Cryogenic Valves Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
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 U.S. industrial cryogenic valves market is experiencing significant growth, driven by the increasing demand for liquefied natural gas (LNG) and advancements in industries requiring ultra-low temperature operations. In 2023, the market size surpassed USD 204.7 million and is projected to expand at a compound annual growth rate (CAGR) of over 6.5% from 2024 to 2032.
Several factors contribute to this upward trajectory:
Rising LNG Demand: As the U.S. shifts towards cleaner energy sources, LNG usage has surged, necessitating reliable cryogenic infrastructure.
Technological Innovations: Companies are introducing advanced cryogenic valves to enhance performance and safety in low-temperature applications.
Expansion of End-Use Industries: Sectors such as aerospace, healthcare, and food processing increasingly rely on cryogenic processes, boosting valve demand.
In November 2023, Flowserve Corporation unveiled the Worcester cryogenic series of reduced-port, quarter-turn floating ball valves. These are designed for LNG, hydrogen, and other industrial gas applications, featuring high-strength stems and improved stem seals to control fugitive emissions.
From my experience working in the energy sector, the emphasis on reducing carbon footprints has led to a noticeable uptick in LNG projects. This shift not only promotes environmental sustainability but also stimulates the cryogenic equipment market, including valves essential for handling supercooled fluids.
Industry discussions on platforms like Reddit and Quora highlight the critical role of cryogenic valves in ensuring operational safety and efficiency. Professionals often share insights on selecting appropriate valve types and maintaining them to prevent failures in extreme conditions.
It's worth noting that the global cryogenic valve market is also on the rise, with projections estimating it will reach USD 6.5 billion by 2032, growing at a CAGR of 6.2% between 2024 and 2032. This global trend underscores the increasing importance of cryogenic applications across various industries.
In summary, the U.S. industrial cryogenic valves market is poised for robust growth, propelled by energy transitions, technological advancements, and the expansion of industries dependent on cryogenic processes. Staying abreast of these developments is crucial for stakeholders aiming to capitalize on emerging opportunities in this dynamic field.
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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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial Cryogenic Valves Market
Globe Valves
Gate Valves
Check Valves
Ball Valves
Butterfly Valves
Pressure Relief Valves
Stainless Steel
Copper Alloys
Carbon Steel
Nickel Alloys
Plastic Composites
LNG (Liquefied Natural Gas)
Industrial Gas Processing
Cryogenic Storage Systems
Aerospace Applications
Medical Applications (Cryosurgery)
Manual Actuated
Pneumatic Actuated
Electric Actuated
Hydraulic Actuated
Oil and Gas
Energy and Power
Healthcare
Food and Beverage
Aerospace and Defense
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)
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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
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