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Cryogenic Valve Industry Report Analysis By opportunities
Cryogenic valves are kept in a natural closed position to keep cryogenic gasses or other medium secure and safely contained. A cryogenic valve is generally designed to react to high pressure which pushes the valve into the open position to allow the gas or other media to flow readily through.
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North America is projected to hold the largest market share during the forecast period, due to rising industrial infrastructure in the country has resulted in increasing demand for the control flow products which increases the demand for market. The increasing R&D activities in the region pertaining to the use of actuators in the valves for automation and the rising demand for safety applications are among the crucial factors driving the market in North America. R&D at industry levels is broadening the application areas of industrial valves in different industries, such as energy & power and chemicals, in the US. Control valves are used in the oil & gas, energy & power, and water & wastewater treatment industries to control media flow through a system, as well as to start, stop, or throttle the flow and ensure safe and efficient process automation.
Some of the key players profiled in the Cryogenic Valve Market include Emerson Electric Co., Velan Inc., Baker Hughes, Flowserve Corporation, Parker Hannifin Corp, Flowserve, Heroes, Emerson, L&T, Samson, Cryocomp, Habonim, Weir Group, Powell Valves, Alcor Engineering Corporation, Mack Valves.
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