Cryogenic Control Valve Market to Grow at 4.7% CAGR to reach USD 3,117.79 Million by 2027 - Impact of COVID-19 Pandemic and Global Analysis by The Insight Partners

The global cryogenic control valve market is expected to grow from US$ 2,267.07 million in 2021 to US$ 3,117.79 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.

The power generation sector is growing rapidly in developing as well as developed countries across the globe. Among the power generation sector, the demand for compressed natural gas (CNG) and liquefied natural gas (LNG) is increasing substantially. Suitable cryogenic control valves are widely used in various compressed natural gas (CNG) and liquefied natural gas (LNG) applications. The main reason for rise in need for compressed natural gas (CNG) is its increasing utility in various sectors. For instance, as per the Natural Gas Information 2020 report of the IEA (International Energy Agency), the need for natural gas in non-OECD countries has increased by 1.1% in 2019, which is an increase of 23.4 Bcm. LNG is also broadly utilized in boilers, power generation, rotary kilns, fluid bed dryers, and furnaces. At LNG terminals, cryogenic service valves serve an important role, particularly at receiving terminals, gas liquefying terminals, satellite terminals of LNG, industrial satellite terminals, LNG tank trucks, and LNG tank vessels. Cryogenic floating ball valve and cryogenic trunnion mounted ball valve are gaining immense popularity at various LNG terminals. Considering rising disposable per capita income in many developing countries, need for power is estimated to rise drastically, thereby driving the demand for cryogenic control valves in these nations.

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Cryogenic Control Valve Market - Company Profiles

Baker Hughes Company
Emerson Electric Co.
Flowserve Corporation
Velan Inc.
KORVAL Co., Ltd.
Larsen & Toubro Limited
Neles Corporation
SAMSON USA
Bac Valves
Richards Industrials

The latest research report on the "Cryogenic Control Valve Market - Industry Analysis, Market Size, Opportunities and Forecast, 2021 - 2028" provides a comprehensive assessment of the Cryogenic Control Valve market for the forecast period from 2021 to 2028. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Cryogenic Control Valve market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Cryogenic Control Valve Market in order to help decision makers with various strategic insights and future outlook. The Cryogenic Control Valve market is expected to witness continued growth during the forecast period from 2021 to 2028.

This is a professional and in-depth study on the current state of the Cryogenic Control Valve Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Cryogenic Control Valve Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.

Amid the COVID-19 pandemic, food processing business has increased significantly owing to the surge in demand for consumer goods. This development has stabilized the use of cryogenic control valves at some extent. Hence, the pandemic has negatively impacted the cryogenic control valve market during the first two quarter of 2020. However, the demand resumed with the continuation of economic activities. Thus, the global market is projected to recover the lack of demand in the coming months and the subsequent years

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Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Cryogenic Control Valve Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

The report segments the global Cryogenic Control Valve Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Cryogenic Control Valve Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

The report focuses on global major leading Cryogenic Control Valve Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.

The global cryogenic control valve market is bifurcated based on type and application. Based on type, the market is segmented into globe control valves, ball control valves, butterfly control valves, and others. In 2020, the ball control valves segment accounted for the largest market share. Based on application, the market is segmented into power generation, oil & gas, food & beverages, and others. The oil & gas segment held substantial market share in 2020. Based on geography, cryogenic control valve market is segmented into North America, Europe, APAC, MEA and SAM. North America is further segmented into the US, Canada, and Mexico. Europe region is segmented on the basis of country into France, Germany, Italy, Russia, the UK, and Rest of Europe. The Asia Pacific (APAC) region in further segmented into China, India, Japan, Australia, South Korea, and Rest of APAC. In Middle East and Africa (MEA) region market is further segmented by country into Saudi Arabia, UAE, South Africa, and Rest of MEA. South America (SAM) region is also segmented by country into Brazil, Argentina, and Rest of SAM.

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• Highlights key business priorities to assist companies realign their business strategies.
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• Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
• Scrutinizes in-depth market trends as well as key market drivers and restraints.
• Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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