Cryogenic Valve Market to offer profitable growth during 2020-25 with a healthy CAGR of 4.8%
March 13, 2020
Cryogenic Valve Market Overview:
Cryogenic Valve Market is likely to witness a healthy CAGR of 4.8% during the forecast period. Increasing trade of LNG has led to the high demand for storage and transportation of cryogenic gases, which in turn is driving the demand for cryogenic valves. Further, high demand for industrial gases is acting as a catalyst towards the growth of cryogenic valves.
The Diverse Stand Points:
The true picture of the market shall not emerge till the time the market is analysed from various point of views. Each vantage point gives better understanding of the market. The market of Cryogenic Valve has been viewed from various perspectives such as:
- By End-User Type (Energy & Power, Chemicals, Food & Beverage, Healthcare, Others)
- By Gas Type (Liquified Natural Gas, Nitrogen, Oxygen, Others)
- By Type (Ball Valve, Glove Valve, Gate Valve, Check Valve, Others)
- By Application Type (Transfer Lines, Tanks & Cold Boxes, Manifolds & Gas Trains, Liquefiers)
- By Region (North America, Europe, Asia-Pacific, and RoW)
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
- Which are the best performing segments of the market?
- Which is the most dominant region?
- Who are the movers and shakers of the market?
- What are the regional growth hotspots?
- What are the segmental growth forecasts?
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Cryogenic Valve Market Segment Insights:
Energy & Power segment: The growth engine
Based on the end-user type, the market is segmented as energy & power, chemicals, food & beverage, healthcare, and others. The energy & power segment is estimated to be the largest market for cryogenic valves during the forecast period. The increasing demand for LNG owing to meet the rising demand for power generation is the major factor behind the dominance of the energy & power sector.
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Dominance of: The transfer lines sub-segment
Based on the application type, the market is segmented as transfer lines, tanks & cold boxes, manifolds & gas trains, and liquefiers. The transfer lines sub-segment dominated the market and is expected to remain dominant during the forecast period. The increasing demand for LNG drives the growth of the transfer lines segment.
A highly/moderately/fragment consolidated Market
Some of the major players in the cryogenic valves market are Cryocomp, The Emerson Electric Company, The Flowserve Corporation, Larsen & Toubro Limited, Powell Valves, Schlumberger Limited, and Weir Group.
Regional Hegemony of Asia-Pacific
Asia-Pacific is expected to be the largest market for cryogenic valves in the coming five years. The market is driven by the growth in end-use industries, primarily owing to the economic development in the region, dependable supply chain, cheap labor, and huge consumer base.
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Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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