Product Code: GVR-4-68040-366-4
Cryogenic Valves Market Size & Trends:
The global cryogenic valves market size was valued at USD 3.64 billion in 2024 and is expected to grow at a CAGR of 6.9% from 2025 to 2030. This growth is attributed to the rising usage of cleaner energy sources, such as liquefied natural gas (LNG), as an alternative to traditional fossil fuels.
As countries strive to reduce carbon emissions, the use of LNG in transportation, power generation, and industrial applications is expected to grow, thereby driving the need for reliable cryogenic infrastructure. In addition, the innovations in biotechnology sectors and healthcare, where cryogenic systems are crucial for storing and transporting medical gases and biological materials, are further likely to contribute to the rising demand for these specialized valves.
Cryogenic valves are engineered to precisely control the movement of gases and liquids at extremely low temperatures, making them essential in industries such as LNG, CNG, and chemicals. The global cryogenic valves market is set for notable growth, largely driven by a surge in oil and gas exploration that increases the need for advanced flow control in LNG and CNG operations.
Technological advancements include developing more efficient materials, such as high-performance alloys and composites, which improve durability and performance at extremely low temperatures. Innovations in sealing technologies, like improved elastomers and advanced metal-to-metal sealing, have significantly reduced leakage rates, increasing safety and reliability.
Incorporating smart valve technologies, including sensors and automation systems, allows for real-time monitoring and remote control, improving operational efficiency and maintenance predictability. These advancements are anticipated to improve the valves' safety, performance, and cost-effectiveness, thereby fueling their adoption in various end-use industries.
Key players operating in the market are adopting several strategies to gain market share, including high investments in research and development to innovate and improve product performance. They are expanding their product portfolios to cater to diverse industry needs. Moreover, these players are forming strategic partnerships and collaborations to enhance their distribution networks and market reach.
Global Cryogenic Valves Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each sub-segment from 2018 to 2030. For this study, Grand View Research has segmented the global cryogenic valves market report based on product type, end use, and region:
- Product Type Outlook (Revenue, USD Million, 2018 - 2030)
- Ball Valve
- Check Valve
- Gate Valve
- Globe Valve
- Others
- End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Oil & Gas
- Chemical
- Food & Beverages
- Medical
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Latin America
- Middle East and Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Cryogenic Valves Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-Environmental Analysis
Chapter 4. Cryogenic Valves Market: Product Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Cryogenic Valves Market: Product Type Movement Analysis & Market Share, 2024 & 2030
- 4.3. Ball Valve
- 4.3.1. Ball Valve Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Check Valve
- 4.4.1. Check Valve Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Gate Valve
- 4.5.1. Gate Valve Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Globe Valve
- 4.6.1. Globe Valve Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Others
- 4.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Cryogenic Valves Market: End Use Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Cryogenic Valves Market: End Use Movement Analysis & Market Share, 2024 & 2030
- 5.3. Oil & Gas
- 5.3.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Chemical
- 5.4.1. Chemical Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Food & Beverages
- 5.5.1. Food & Beverages Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Medical
- 5.6.1. Medical Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Cryogenic Valves Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 6.2. North America
- 6.2.1. North America Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. Key Country Dynamics
- 6.2.2.2. U.S. Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Key Country Dynamics
- 6.2.3.2. Canada Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Key Country Dynamics
- 6.2.4.2. Mexico Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Europe Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.3.2. UK
- 6.3.2.1. Key Country Dynamics
- 6.3.2.2. UK Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.3.3. Germany
- 6.3.3.1. Key Country Dynamics
- 6.3.3.2. Germany Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.3.4. France
- 6.3.4.1. Key Country Dynamics
- 6.3.4.2. France Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.3.5. Italy
- 6.3.5.1. Key Country Dynamics
- 6.3.5.2. Italy Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.3.6. Spain
- 6.3.6.1. Key Country Dynamics
- 6.3.6.2. Spain Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.4.2. China
- 6.4.2.1. Key Country Dynamics
- 6.4.2.2. China Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.4.3. India
- 6.4.3.1. Key Country Dynamics
- 6.4.3.2. India Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.4.4. Japan
- 6.4.4.1. Key Country Dynamics
- 6.4.4.2. Japan Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.4.5. South Korea
- 6.4.5.1. Key Country Dynamics
- 6.4.5.2. South Korea Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Key Country Dynamics
- 6.5.2.2. Brazil Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.5.3. Argentina
- 6.5.3.1. Key Country Dynamics
- 6.5.3.2. Argentina Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Middles East & Africa Cryogenic Valves Market Estimates & Forecast, 2018 - 2030 (USD Million)
Chapter 7. Cryogenic Valves Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Heat Map/ Position Analysis, 2024
- 7.4. Strategy Mapping
- 7.4.1. Expansion
- 7.4.2. Mergers & Acquisition
- 7.4.3. Partnerships & Collaborations
- 7.4.4. New Product Launches
- 7.4.5. Research and Development
- 7.5. Company Profiles
- 7.5.1. Velan Inc.
- 7.5.1.1. Participant's Overview
- 7.5.1.2. Financial Performance
- 7.5.1.3. Product Benchmarking
- 7.5.1.4. Recent Developments
- 7.5.2. Emerson Electric Co.
- 7.5.2.1. Participant's Overview
- 7.5.2.2. Financial Performance
- 7.5.2.3. Product Benchmarking
- 7.5.2.4. Recent Developments
- 7.5.3. Herose GmbH
- 7.5.3.1. Participant's Overview
- 7.5.3.2. Financial Performance
- 7.5.3.3. Product Benchmarking
- 7.5.3.4. Recent Developments
- 7.5.4. Parker Hannifin Corporation
- 7.5.4.1. Participant's Overview
- 7.5.4.2. Financial Performance
- 7.5.4.3. Product Benchmarking
- 7.5.4.4. Recent Developments
- 7.5.5. Flowserve
- 7.5.5.1. Participant's Overview
- 7.5.5.2. Financial Performance
- 7.5.5.3. Product Benchmarking
- 7.5.5.4. Recent Developments
- 7.5.6. L&T
- 7.5.6.1. Participant's Overview
- 7.5.6.2. Financial Performance
- 7.5.6.3. Product Benchmarking
- 7.5.6.4. Recent Developments
- 7.5.7. BAC Valves
- 7.5.7.1. Participant's Overview
- 7.5.7.2. Financial Performance
- 7.5.7.3. Product Benchmarking
- 7.5.7.4. Recent Developments
- 7.5.8. Bray International, Inc.
- 7.5.8.1. Participant's Overview
- 7.5.8.2. Financial Performance
- 7.5.8.3. Product Benchmarking
- 7.5.8.4. Recent Developments
- 7.5.9. Habonim Valve Solutions
- 7.5.9.1. Participant's Overview
- 7.5.9.2. Financial Performance
- 7.5.9.3. Product Benchmarking
- 7.5.9.4. Recent Developments
- 7.5.10. Powell Valves
- 7.5.10.1. Participant's Overview
- 7.5.10.2. Financial Performance
- 7.5.10.3. Product Benchmarking
- 7.5.10.4. Recent Developments