Cryogenic valve is a special purpose valve that can be used in the following products: products used to store and transport various gases, when these gases are cooled at low temperatures (for example, natural gas, oxygen, nitrogen, hydrogen and helium. Inland And marine transportation and on-site and off-site storage of these gases constitute a large part of the total revenue of the global cryogenic valve market.
The report is a comprehensive analysis and research on the past and present growth momentum of the cryogenic valve global market. The report is an in-depth and professional overview of the cryogenic valve market, and has a clear regional segmentation of the market to improve clarity.
In recent years, due to the increased absorption of liquefied natural gas in many industrial applications, the demand for cryogenic valves in the entire energy and power industry has greatly increased. During the forecast period, the market will also benefit from the continued growth of a series of industrial gas applications. In the past few years, the world has seen a dramatic increase in the number of production plants producing industrial gases such as nitrogen, oxygen, helium, argon and carbon dioxide. Globally, the number of on-site production plants for industrial gases is also increasing. These factors are also expected to greatly promote global demand for various cryogenic valves, thereby driving the global market.
However, the manufacture and sale of cryogenic valves need to comply with strict quality and safety related standards, which may greatly increase the basic cost of cryogenic valves. However, in the past few years, the market has become highly competitive as companies are studying ways to provide consumers with economical products. These pressures may negatively affect the profitability of companies operating in the global cryogenic valve market to a certain extent.
The report segmented the global cryogenic valve market based on natural gas, end-use industry, valve type, application, and geographic location. Based on natural gas, the market has been subdivided into such as nitrogen, natural gas, oxygen, hydrogen and helium. According to the types of cryogenic valves available in the global market, the report covers butterfly valves, ball valves, globe valves and gate valves. Based on the end-use industry, the report segmented the global cryogenic valve market into energy and electricity, food and beverages, and chemicals. In terms of application, the market for cryogenic tanks, cryogenic tanks, gas trains and pipelines has been studied.
It is estimated that the natural gas segmentation by gas type will help the global cryogenic valve market gain a dominant share of its revenue. In terms of product types, the ball valve part will account for the main share of revenue. In terms of end use, the energy and power sectors will continue to be major consumers. From a geographic perspective, the Asia-Pacific market is expected to dominate the global revenue due to the massive increase in demand for LNG and several chemicals in rapidly industrializing emerging economies (such as India and China).
The report also provides a detailed analysis of the competitive landscape of the global cryogenic valve market and analyses some of the major suppliers in the market. Parker, Emerson, Schlumberger, Flowserve and Weir Group are the leading suppliers in the global cryogenic valve market.
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Post time: Nov-14-2020
