Cryogenic Valve Market Forecasts From 2019 To 2024
DESCRIPTION The cryogenic valve market was estimated at US$1,932.817 million in 2018 and is projected to expand at a CAGR of 5.03% during the forecast period to grow to US$2,594.699 million in 2024. Cryogenic valves help in production, storage and transportation of cryogenic gases as the volume of industrial and natural gases reduce when liquified at cryogenic temperatures. The growth in cryogenic valve market is primarily attributed to the rising demand and production of industrial gases such as nitrogen, oxygen, helium, and others. These are also used by companies that work with Liquified Natural Gas (LNG) and Compressed Natural Gas (CNG).
Some Key Questions Answered By The Report
What will be Cryogenic Valve Market from 2019 to 2024? How are the major drivers and restraints affecting the Cryogenic Valve Market. Growth and the opportunities which exist for key vendors? Which segment and region will drive or lead the market growth and why?
Rising Demand Which Impact On Market Growth Growing industries such as food and beverage and pharmaceuticals owing to rising demand for processed food products and rising prevalence of chronic diseases is, in turn, boosting the demand for cryogenic valves across these end-user industries. Increase in usage of LPG and CNG as fuel with low carbon footprint is creating significant opportunities for manufacturers of cryogenic valves. Volatile metal prices can act as a restraint for market growth resulting in declining profits. By type, ball valve segment holds significant market share as these valves are designed for transportation, liquefied gas productions, and storage applications.
Geography
North America
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United States
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Canada
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Mexico
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Others
South America
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Brazil
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Argentina
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Others
GEOGRAPHY Europe Germany France Italy United Kingdom Others
Middle East and Africa Israel Saudi Arabia UAE Others
Asia Pacific Japan China India Others
SEGMENT ANALYSIS
We have included all segments of this market in market research report.
The Cryogenic Valve market has been segmented on the basis of type, application, enduser industry and geography.
For complete segment information visit us
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CONCLUSION
ď‚Ą Major players in the Cryogenic Valve market have been covered along with their
relative competitive position and strategies. ď‚Ą The report also mentions recent deals and investments of different market
players over the last year. ď‚Ą The company profiles section details the business overview, financial
performance for the past three years, key products and services being offered along with the recent developments of these important players in the Cryogenic Valve market.
COMPANY PROFILES Bac Valves Emerson Electric Co. Goetze KG Cryocomp L&T Valves Limited Velan Schlumberger Habonim Herose GmbH Bray
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