極低温バルブアセンブリ市場 – 2029年までの世界予測

Cryogenic Valve Assembly Market - Global Forecast To 2029

極低温バルブアセンブリ市場 - タイプ(ゲート、グローブ、ボール、チェック、バタフライ)、極低温物質(窒素、アルゴン、酸素、LNG、水素)、エンドユーザー産業(冶金、電力、化学、エレクトロニクス)、コンポーネント、用途、地域別 - 2029年までの世界予測
Cryogenic Valve Assembly Market by Type (Gate, Globe, Ball, Check, Butterfly), Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen), End-user Industry (Metallurgy, Power, Chemicals, Electronics), Component, Application, and Region - Global Forecast to 2029

商品番号 : SMB-78445

出版社MarketsandMarkets
出版年月2025年5月
ページ数277
図表数233
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートは、様々な地域における極低温バルブアセンブリ市場を、構成材料、タイプ、エンドユーザー、コンポーネント、極低温物質、用途、システムタイプ別に定義、説明、予測しています。また、市場の詳細な定性・定量分析も提供しています。主要な市場推進要因、制約要因、機会、課題について包括的な分析を提供しています。さらに、市場の様々な重要な側面を網羅しており、競争環境、市場ダイナミクス、市場価値予測、そして極低温バルブアセンブリ市場の将来動向の分析も含まれています。

The cryogenic valve assembly market is estimated to reach USD 7.21 billion by 2029 from an estimated value of USD 4.83 billion in 2024, at a CAGR of 8.3% during the forecast period. Increasing practices for cryogenic gases in medical, food preservation, and electronics manufacturing are driving the cryogenic valve assembly market. The increase in overall global demand for LNG as a cleaner fuel alternative and the increase in LNG import/export will propel market growth.

極低温バルブアセンブリ市場は、2024年の推定48億3,000万米ドルから2029年には72億1,000万米ドルに達すると予測されており、予測期間中の年平均成長率(CAGR)は8.3%です。医療、食品保存、電子機器製造における極低温ガスの利用増加が、極低温バルブアセンブリ市場を牽引しています。よりクリーンな代替燃料としてのLNGに対する世界的な需要の増加と、LNG輸出入の増加が、市場の成長を牽引するでしょう。

極低温バルブアセンブリ市場 - 2029年までの世界予測
cryogenic-valve-assembly-market

“Metallurgy: The largest segment of the cryogenic valve assembly market, by end-user industry.”

By end-user industry, the cryogenic valve assembly market was segmented into five categories: energy & power, chemical, metallurgy, electronics, and transportation, apart from others. The segment, metallurgy, is expected to capture the largest share of the market by end user. Given the widespread use of cryogenic gases such as oxygen (O2), nitrogen (N₂), and argon (Ar) in metallurgical processes such as steel manufacturing, welding, and fabrication, these gases are important in improving product quality, improving combustion efficiency, and also in controlling temperatures while processing metal. The increasing demand from sectors involved in manufacturing high-quality metals, including construction, automotive, and industrial metal products, increases the need for reliable cryogenic valve assemblies. The large increase in infrastructure development and more advanced treatments of metal also increases the segment growth.

“The CASU segment is estimated to remain the larger segment in terms of application.”

Based on application, the cryogenic valve assembly market has been segmented into CASU and non-CASU. The cryogenic air separation unit (CASU) segment is projected to dominate the cryogenic valve assembly market owing to the significance of cryogenic valves in generating an array of high-purity industrial gases, particularly oxygen, nitrogen, and argon. The aforementioned gases are used throughout a multitude of industries, including healthcare and medical uses, metallurgy, electronics, and chemical uses. The demand for medical-grade oxygen has also grown tremendously since the pandemic, further abating the demand for CASU installations along with improving industrial production and degree of industrialization in developing markets. The cryogenic valves are used to control and isolate the flow of extremely cold gas to the unit, which is used in these facilities that utilize cryogenic valves.

“The globe valves segment is estimated to emerge as the second-largest segment based on type.”

By end use, the cryogenic valve assembly market has been segmented into gate, globe, ball, check, and butterfly valves, apart from others. Globe valves are estimated to be the second-largest cryogenic valve assembly type due to their precise throttling capabilities and effective flow regulation in cryogenic applications. Their robust design ensures reliable performance under high-pressure, low-temperature conditions, making them ideal for LNG, industrial gas, and chemical industries. Increasing demand for controlled flow systems further supports their growth.

“North America is projected to be the second-fastest-growing region in the cryogenic valve assembly market.”

North America is estimated to be the second-fastest region in the cryogenic valve assembly market between 2024 and 2029. The North American market consists of the US, Canada, and Mexico. North America is projected to be the second fastest-growing region in the cryogenic valve assemblies market due to its strong LNG infrastructure, increased investment into clean energy technologies such as carbon capture and hydrogen, and important players in aerospace, healthcare, and chemicals. Continuous improvements in medical technologies and growing cryogenic gas volumes in surgical and diagnostic settings will also have a positive effect on cryogenic demand. Additionally, the US government’s dedication to diversifying the energy supply and allowing for increasing exports of natural gas will especially help improve the market potential in this region. Key manufacturers are also located in this region, and upgrading industrial gas supply chains will further help drive both the adoption and acceptability of cryogenic valve assemblies, which are already increasing across North America.

Breakdown of Primaries

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 – 65%, Tier 2 – 24%, and Tier 3 – 11%
  • By Designation: C-Level Executives – 30%, Manager – 25%, and Others  – 45%
  • By Region: North America – 27%, Europe – 20%, Asia Pacific – 33%, South America & Central America – 12%, Middle East – 4%, and Africa – 4%

Note: Others include product engineers, product specialists, and engineering leads.

Note: The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The cryogenic valve assembly market is dominated by a few major players that have a wide regional presence. The leading players in the cryogenic valve assembly market are PARKER HANNIFIN CORP (US), Emerson Electric Co. (US), Flowserve Corporation (US), Bray International (US), Valmet (Finland), Crane Company (US), L&T Valves Limited (India), KITZ Corporation (Japan), Baker Hughes (US), KITZ Corporation (Japan), Baker Hughes (US), XINTAI VALVE (China), Valco Group (France), cryocomp (US), and BAC VALVES (Spain).

極低温バルブアセンブリ市場 - 2029年までの世界予測 ecosystem
cryogenic-valve-assembly-market-ecosystem

Research Coverage

The report defines, describes, and forecasts the cryogenic valve assembly market by construction material, type, end-user, components, cryogen, application, and system type for various regions. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the cryogenic valve assembly market.

Key Benefits of Buying the Report

  • The cryogenic valve assembly market is influenced by the growing requirement for LNG infrastructure, increased focus on hydrogen-based energy solutions, and increasing utilization of cryogenic systems in the healthcare, electronics, and chemicals segments. With the rising global focus on decarbonization coupled with government initiatives aimed at the adoption of clean energy solutions, the market growth is gaining momentum. The increase in production of industrial gas, development in valve design for extreme conditions, and greater safety requirements across all segments have also increased the demand for reliable cryogenic valve assemblies.
  • Product Development/Innovation: The cryogenic valve assembly market is seeing substantial product development and innovation, driven by stringent safety and regulatory standards. Companies are investing in improved materials and technology to manufacture advanced cryogenic valve assemblies.
  • Market Development: Emerson has launched the Fisher 63EGLP-16 Pilot Operated Relief Valve to meet the safety needs of storage tank applications, improving installation, maintenance, and operation for pressurized tanks. This new product extends Emerson’s safety valve portfolio with enhanced features to support the specific needs of liquid propane and ammonia storage systems. This will be beneficial for cryogenic valve application, ensuring the safety of operation.
  • Market Diversification: Flowserve acquired LNG submerged pump technology and R&D from NexGen Cryogenic Solutions to enhance its LNG product portfolio. This aligns with Flowserve’s decarbonization goals, which are improving efficiency and reliability in the LNG market.
  • Competitive Assessment: Assessment of rankings some of the key players, including PARKER HANNIFIN CORP (US), Emerson Electric Co. (US), Flowserve Corporation (US), Bray International (US), Valmet (Finland), Crane Company (US), L&T Valves Limited (India), KITZ Corporation (Japan), Baker Hughes (US), KITZ Corporation (Japan), Baker Hughes (US), XINTAI VALVE (China), and Valco Group (France).

Table of Contents

1               INTRODUCTION              26

1.1           STUDY OBJECTIVES       26

1.2           MARKET DEFINITION   27

1.2.1        INCLUSIONS AND EXCLUSIONS 27

1.3           STUDY SCOPE   29

1.3.1        MARKETS AND GEOGRAPHICAL SEGMENTATION COVERED            29

1.3.2        YEARS CONSIDERED      30

1.4           CURRENCY CONSIDERED            31

1.5           RESEARCH LIMITATIONS             31

1.6           STAKEHOLDERS               31

2               RESEARCH METHODOLOGY       32

2.1           RESEARCH DATA              32

2.2           DATA TRIANGULATION                34

2.3           PRIMARY AND SECONDARY RESEARCH 35

2.3.1        SECONDARY DATA          35

2.3.1.1    Key data from secondary sources       35

2.3.2        PRIMARY DATA 36

2.3.2.1    Key data from primary sources           36

2.3.2.2    Breakdown of primaries      37

2.4           MARKET SIZE ESTIMATION         38

2.4.1        BOTTOM-UP APPROACH              38

2.4.2        TOP-DOWN APPROACH                39

2.4.3        DEMAND-SIDE ANALYSIS             40

2.4.3.1    Demand-side metrics           40

2.4.3.2    Assumptions for demand-side analysis             40

2.4.3.3    Calculations for demand-side analysis              41

2.4.4        SUPPLY-SIDE ANALYSIS                 41

2.4.4.1    Calculations for supply side                42

2.4.4.2    Assumptions for supply-side analysis                42

2.5           MARKET SIZE FORECAST              43

2.6           RISK ASSESSMENT           43

3               EXECUTIVE SUMMARY  44

4               PREMIUM INSIGHTS       51

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CRYOGENIC VALVE ASSEMBLY MARKET               51

4.2           CRYOGENIC VALVE ASSEMBLY MARKET, BY REGION                 52

4.3           ASIA PACIFIC: CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN AND COUNTRY     53

4.4           CRYOGENIC VALVE ASSEMBLY MARKET, BY TYPE                 54

4.5           CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN                 54

4.6           CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY           55

4.7           CRYOGENIC VALVE ASSEMBLY MARKET, BY APPLICATION   55

4.8           CRYOGENIC VALVE ASSEMBLY MARKET, BY COMPONENT    56

5               MARKET OVERVIEW       57

5.1           INTRODUCTION              57

5.2           MARKET DYNAMICS       57

5.2.1        DRIVERS               58

5.2.1.1    Rise in demand for liquefied natural gas as clean and efficient energy source        58

5.2.1.2    Rising in investment in chemical industry        59

5.2.2        RESTRAINTS      60

5.2.2.1    Volatile raw material and metal prices and significant competition from gray market players               60

5.2.2.2    Hazards and greenhouse gas emissions resulting from leak of cryogenic fluids    60

5.2.3        OPPORTUNITIES              61

5.2.3.1    Expansion of industrial gas market    61

5.2.3.2    Growth of space, healthcare, and hydrogen industry      61

5.2.4        CHALLENGES    62

5.2.4.1    Compliance with stringent regulations and safety standards                 62

5.2.4.2    High maintenance and cost challenges             62

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES       63

5.4           SUPPLY CHAIN ANALYSIS             64

5.5           ECOSYSTEM ANALYSIS  65

5.6           TECHNOLOGY ANALYSIS             66

5.6.1        SMART VALVE TECHNOLOGY    66

5.6.2        ADVANCED MATERIALS AND DESIGN   66

5.6.3        BI-DIRECTIONAL FLOW CAPABILITY      66

5.6.4        LOW-LEAKAGE CRYOGENIC VALVE TECHNOLOGY BY NASA     66

5.7           CASE STUDY ANALYSIS 67

5.7.1        ENHANCING CRYOGENIC VALVE RELIABILITY WITH UNILION SEALS TO REDUCE FAILURES AND IMPROVE PERFORMANCE 67

5.7.2        PREVENTING HUMAN ERROR IN CRYOGENIC VALVE OPERATIONS WITH ALCATRAZ INTERLOCKS     67

5.8           PATENT ANALYSIS          68

5.9           PRICING ANALYSIS          70

5.9.1        AVERAGE SELLING PRICE TREND, BY TYPE, 2023–2029                 70

5.9.2        INDICATIVE PRICING TREND, BY REGION, 2023–2029                 71

5.10         TRADE ANALYSIS             71

5.10.1      HS CODE 280430                71

5.10.1.1  Nitrogen export scenario     71

5.10.1.2  Nitrogen import scenario    72

5.10.2      HS CODE 280421                73

5.10.2.1  Argon export scenario          73

5.10.2.2  Argon import scenario         74

5.10.3      HS CODE 280440                75

5.10.3.1  Oxygen export scenario       75

5.10.3.2  Oxygen import scenario      76

5.10.4      HS CODE 271111                77

5.10.4.1  LNG export scenario            77

5.10.4.2  LNG import scenario           78

5.10.5      HS CODE 280410                79

5.10.5.1  Hydrogen export scenario   79

5.10.5.2  Hydrogen import scenario  80

5.11         KEY CONFERENCES AND EVENTS, 2024–2025        81

5.12         REGULATORY LANDSCAPE         82

5.12.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             82

5.12.2      REGULATORY FRAMEWORKS     84

5.13         PORTER’S FIVE FORCES ANALYSIS           85

5.13.1      THREAT OF SUBSTITUTES          86

5.13.2      BARGAINING POWER OF SUPPLIERS       86

5.13.3      BARGAINING POWER OF BUYERS             86

5.13.4      THREAT OF NEW ENTRANTS      86

5.13.5      INTENSITY OF COMPETITIVE RIVALRY 86

5.14         KEY STAKEHOLDERS AND BUYING CRITERIA     87

5.14.1      KEY STAKEHOLDERS IN BUYING PROCESS           87

5.14.2      BUYING CRITERIA           88

5.15         INVESTMENT AND FUNDING SCENARIO               89

5.16         MACROECONOMIC OUTLOOK FOR CRYOGENIC VALVE ASSEMBLY MARKET        89

6               CRYOGENIC VALVE ASSEMBLY MARKET, BY CONSTRUCTION MATERIALS (QUALITATIVE)   91

6.1           INTRODUCTION              91

6.2           STAINLESS STEEL            91

6.3           NICKEL ALLOYS                91

6.4           STELLITE             92

6.5           POLYTETRAFLUOROETHYLENE (PTFE)                92

6.6           POLYCHLOROTRIFLUOROETHYLENE (PCTFE) 92

6.7           GRAPHITE           93

7               CRYOGENIC VALVE ASSEMBLY MARKET, BY SYSTEM TYPE (QUALITATIVE)    94

7.1           INTRODUCTION              94

7.2           STORAGE SYSTEMS         94

7.3           HANDLING SYSTEMS     94

7.4           SUPPLY SYSTEMS             94

7.5           OTHER SYSTEMS              95

8               CRYOGENIC VALVE ASSEMBLY MARKET, BY TYPE                 96

8.1           INTRODUCTION              97

8.2           GATE VALVES    98

8.2.1        ENABLING SAFE AND PRECISE ISOLATION IN CRYOGENIC APPLICATIONS       98

8.3           GLOBE VALVES 99

8.3.1        OFFERING ENERGY EFFICIENCY BY OPTIMIZING FLUID FLOW IN CRYOGENIC SYSTEMS APPLICATIONS 99

8.4           BALL VALVES    100

8.4.1        NEED FOR FAST OPERATION IN EMERGENCY SHUT-OFF SITUATIONS      100

8.5           CHECK VALVES 100

8.5.1        NEED FOR SAFE AND EFFICIENT OPERATION IN TRANSPORTATION AND STORAGE OF LIQUEFIED GASES                 100

8.6           BUTTERFLY VALVES       101

8.6.1        PROVIDING LOW-PRESSURE DROPS MAKES THEM SUITABLE FOR HIGH-FLOW CRYOGENIC APPLICATIONS                 101

8.7           OTHER VALVES 102

9               CRYOGENIC VALVE ASSEMBLY MARKET, BY COMPONENT    103

9.1           INTRODUCTION              104

9.2           VALVE BODY     105

9.2.1        RISING FOCUS ON MEETING STRINGENT SAFETY AND REGULATORY STANDARDS IN CRYOGENIC APPLICATIONS                 105

9.3           SEATS   106

9.3.1        DEMAND FOR HIGH-PERFORMANCE SEATS TO ENSURE ZERO-LEAK OPERATION IN CRITICAL CRYOGENIC APPLICATIONS 106

9.4           SEALS    106

9.4.1        RISE IN REQUIREMENT FOR SEALS CAPABLE OF WITHSTANDING HARSH CHEMICALS AND CORROSIVE MEDIA                 106

9.5           GASKETS              106

9.5.1        ESSENTIAL FOR ENSURING LEAK-PROOF SEALS IN CRYOGENIC SYSTEMS, PREVENTING FLUID OR GAS LEAKAGE                 106

9.6           BACK-UP RINGS                107

9.6.1        OFFERING INCREASED LONGEVITY OF SEALS, REDUCING FREQUENCY OF REPLACEMENTS AND MAINTENANCE COSTS  107

9.7           PIPE SLEEVES    107

9.7.1        ADDITIONAL STRENGTH IMPROVES ABILITY TO WITHSTAND HIGH-PRESSURE CONDITIONS IN CRYOGENIC SYSTEMS              107

9.8           SPACERS              107

9.8.1        ENSURING PRECISE ALIGNMENT BETWEEN COMPONENTS, IMPROVING OVERALL PERFORMANCE AND EFFICIENCY OF CRYOGENIC SYSTEMS   107

9.9           BEARINGS           108

9.9.1        MINIMIZING FRICTION BETWEEN MOVING PARTS, ENHANCING EFFICIENCY IN VALVE OPERATIONS            108

9.10         GEARS  108

9.10.1      INCREASED NEED FOR GEARS TO ENABLE ACCURATE VALVE ACTUATION AND FLOW REGULATION   108

9.11         ACTUATORS      108

9.11.1      RISE IN DEMAND FOR PRECISE CONTROL OF VALVE MOVEMENT IN CRYOGENIC APPLICATIONS       108

9.12         BONNET              109

9.12.1      EXTENDED BONNET PREVENTS FREEZING BETWEEN PACKING AND STEM, ENSURING BETTER SEALING IN EXTREME TEMPERATURES               109

9.13         DISCS/PLUGS    109

9.13.1      MAINTAINING PRESSURE AND PREVENTING LEAKAGE TO ENSURE SAFE TRANSPORT AND STORAGE OF CRYOGENIC LIQUIDS               109

9.14         STEM     109

9.14.1      MADE FROM DURABLE MATERIALS TO WITHSTAND PHYSICAL STRESSES AND CORROSIVE EFFECTS OF CRYOGENIC LIQUIDS               109

9.15         THROTTLE PLATES        110

9.15.1      ENSURING ACCURATE CONTROL OF GAS OR FLUID FLOW AT VARYING TEMPERATURES      110

9.16         OTHER COMPONENTS  110

10            CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN                 111

10.1         INTRODUCTION              112

10.2         NITROGEN          113

10.2.1      HIGH ADOPTION OF NITROGEN IN ENERGY & POWER SECTOR                113

10.3         ARGON 113

10.3.1      RISE IN DEMAND FOR ELECTRONICS TO DRIVE REQUIREMENTS FOR ARGON-HANDLING CRYOGENIC VALVE ASSEMBLY           113

10.4         OXYGEN               114

10.4.1      INCREASE IN STEEL AND IRON PRODUCTION TO CREATE HIGH DEMAND FOR OXYGEN-RELATED CRYOGENIC EQUIPMENT      114

10.5         LNG       115

10.5.1      EFFICIENCY AND SAFETY TO BE VITAL FOR LNG STORAGE, TRANSPORTATION, AND REGASIFICATION PROCESSES         115

10.6         HYDROGEN        115

10.6.1      INCREASE IN PRODUCTION OF HYDROGEN-POWERED VEHICLES TO NECESSITATE ADVANCED CRYOGENIC VALVES FOR SECURE HYDROGEN HANDLING     115

10.7         OTHER CRYOGENS         116

11            CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY           118

11.1         INTRODUCTION              119

11.2         METALLURGY   120

11.2.1      NEED FOR PRECISE REGULATION OF EXTREMELY LOW-TEMPERATURE LIQUIDS AND GASES IN METAL PROCESSING                 120

11.3         ENERGY & POWER           121

11.3.1      INCREASED DEMAND FOR LIQUEFIED NATURAL GAS (LNG) FOR POWER GENERATION AND TRANSPORTATION                 121

11.4         CHEMICALS        122

11.4.1      PRODUCTION OF SPECIALTY CHEMICALS, OFTEN INVOLVING LOW-TEMPERATURE PROCESSES, TO SUPPORT ADOPTION OF VALVES FOR PRECISE CONTROL                122

11.5         ELECTRONICS   123

11.5.1      GROWING SEMICONDUCTOR INDUSTRY TO REQUIRE ULTRA-PURE CRYOGENIC GASES SUCH AS NITROGEN AND HELIUM                123

11.6         TRANSPORTATION         124

11.6.1      GLOBAL INCREASE IN BUILDING LNG AND HYDROGEN REFUELING STATIONS  124

11.7         OTHER END-USER INDUSTRIES 125

12            CRYOGENIC VALVE ASSEMBLY MARKET, BY APPLICATION   126

12.1         INTRODUCTION              127

12.2         CRYOGENIC AIR SEPARATION UNIT (CASU)        128

12.2.1      NEED FOR OXYGEN AND NITROGEN IN POWER GENERATION, NATURAL GAS PROCESSING, AND LNG PRODUCTION   128

12.3         NON-CRYOGENIC AIR SEPARATION UNIT (NON-CASU)                 128

12.3.1      BEING SMALLER AND MORE COMPACT TO ALLOW FOR EASIER INSTALLATION IN LIMITED SPACES        128

13            CRYOGENIC VALVE ASSEMBLY MARKET, BY REGION                 129

13.1         INTRODUCTION              130

13.2         ASIA PACIFIC     132

13.2.1      CHINA  136

13.2.1.1  Increase in LNG infrastructure to meet rising energy demand                 136

13.2.2      INDIA    137

13.2.2.1  Increase in investments in space missions        137

13.2.3      AUSTRALIA         138

13.2.3.1  Australia’s LNG export leadership to fuel demand for cryogenic valves in storage and transport           138

13.2.4      JAPAN   139

13.2.4.1  Initiatives to become global leader in hydrogen technology and infrastructure        139

13.2.5      MALAYSIA           140

13.2.5.1  Government’s push for cleaner energy sources to necessitate efficient valve systems with expanding natural gas networks for transportation and distribution          140

13.2.6      REST OF ASIA PACIFIC   141

13.3         NORTH AMERICA             142

13.3.1      US           144

13.3.1.1  US leadership in LNG exports, supported by expanding terminal capacities, to drive demand in storage and transportation             144

13.3.2      CANADA               145

13.3.2.1  Construction of LNG export facilities to generate significant demand for cryogenic equipment      145

13.3.3      MEXICO                146

13.3.3.1  Pioneering energy transformation with robust LNG and hydrogen infrastructure advancements             146

13.4         EUROPE               146

13.4.1      RUSSIA 150

13.4.1.1  Investments in LNG by energy giants               150

13.4.2      UK          151

13.4.2.1  Government’s commitment to net-zero carbon emissions                 151

13.4.3      GERMANY           152

13.4.3.1  Germany’s hydrogen economy to drive demand for cryogenic valves for liquid hydrogen storage and transport             152

13.4.4      FRANCE                153

13.4.4.1  National low-carbon strategy with five-year carbon budgets and multiannual plan for energy investments          153

13.4.5      REST OF EUROPE             154

13.5         MIDDLE EAST   155

13.5.1      GCC COUNTRIES              157

13.5.1.1  Saudi Arabia          157

13.5.1.1.1                Initiation of LNG projects to diversify its energy portfolio and strengthen its position in global energy market       157

13.5.1.2  UAE        158

13.5.1.2.1                Investments in natural gas infrastructure, including LNG production and storage              158

13.5.1.3  Qatar      159

13.5.1.3.1                Qatar’s ongoing investments in LNG terminals, export facilities, and storage tanks require advanced cryogenic valves    159

13.5.1.4  Rest of GCC          160

13.5.2      REST OF THE MIDDLE EAST       160

13.6         AFRICA 161

13.6.1      SOUTH AFRICA 163

13.6.1.1  Growth in metallurgy, chemicals, and healthcare to drive demand for industrial gases                163

13.6.2      NIGERIA               164

13.6.2.1  Increase in demand for LNG and nitrogen from oil & gas and shipping industries               164

13.6.3      ALGERIA              165

13.6.3.1  Upcoming offshore projects, increasing LNG export volumes, and ongoing enhancements in liquefaction and storage facilities 165

13.6.4      REST OF AFRICA               166

13.7         SOUTH AMERICA             167

13.7.1      BRAZIL 168

13.7.1.1  Energy transition and oil production from offshore sources                 168

13.7.2      ARGENTINA       169

13.7.2.1  Reviving oil & gas sector to bring opportunities for cryogenic valves and component providers        169

13.7.3      VENEZUELA       170

13.7.3.1  Vast natural gas reserves, including Orinoco Belt, drive LNG production and export          170

13.7.4      REST OF SOUTH AMERICA           171

14            COMPETITIVE LANDSCAPE         172

14.1         OVERVIEW          172

14.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024                 172

14.3         MARKET SHARE ANALYSIS, 2023                 174

14.4         REVENUE ANALYSIS, 2020–2024  177

14.5         BRAND/PRODUCT COMPARISON             178

14.6         COMPANY VALUATION AND FINANCIAL METRICS, 2024                 179

14.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 180

14.7.1      STARS   180

14.7.2      EMERGING LEADERS     180

14.7.3      PERVASIVE PLAYERS      180

14.7.4      PARTICIPANTS 180

14.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         182

14.7.5.1  Company footprint               182

14.7.5.2  Regional footprint                 183

14.7.5.3  Type footprint       184

14.7.5.4  Cryogen footprint 185

14.7.5.5  Application footprint            186

14.7.5.6  End User Footprint               187

14.7.5.7  Component footprint           188

14.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        190

14.8.1      PROGRESSIVE COMPANIES         190

14.8.2      RESPONSIVE COMPANIES            190

14.8.3      DYNAMIC COMPANIES  190

14.8.4      STARTING BLOCKS         190

14.8.5      COMPETITIVE BENCHMARKING               192

14.8.5.1  List of key startups/SMEs  192

14.8.5.2  Competitive benchmarking of key startups/SMEs          193

14.9         COMPETITIVE SCENARIO             195

14.9.1      PRODUCT LAUNCHES   195

14.9.2      DEALS  196

14.9.3      EXPANSIONS     197

14.9.4      OTHER DEVELOPMENTS              199

15            COMPANY PROFILES      200

15.1         KEY PLAYERS     200

15.1.1      PARKER HANNIFIN CORP             200

15.1.1.1  Business overview 200

15.1.1.2  Products/Solutions/Services offered 202

15.1.1.3  Recent developments           205

15.1.1.3.1                Product launches  205

15.1.1.4  MnM view              205

15.1.1.4.1                Key strengths        205

15.1.1.4.2                Strategic choices   205

15.1.1.4.3                Weaknesses and competitive threats 205

15.1.2      EMERSON ELECTRIC CO.              206

15.1.2.1  Business overview 206

15.1.2.2  Products/Solutions/Services offered 207

15.1.2.3  Recent developments           209

15.1.2.3.1                Product launches  209

15.1.2.4  MnM view              209

15.1.2.4.1                Key strengths        209

15.1.2.4.2                Strategic choices   210

15.1.2.4.3                Weaknesses and competitive threats 210

15.1.3      FLOWSERVE CORPORATION      211

15.1.3.1  Business overview 211

15.1.3.2  Products/Solutions/Services offered 212

15.1.3.3  Recent developments           214

15.1.3.3.1                Deals      214

15.1.3.3.2                Other developments             216

15.1.3.4  MnM view              216

15.1.3.4.1                Key strengths        216

15.1.3.4.2                Strategic choices   216

15.1.3.4.3                Weaknesses and competitive threats 216

15.1.4      CRANE COMPANY            217

15.1.4.1  Business overview 217

15.1.4.2  Products/Solutions/Services offered 218

15.1.4.3  Recent developments           220

15.1.4.3.1                Deals      220

15.1.4.4  MnM view              220

15.1.4.4.1                Key strengths        220

15.1.4.4.2                Strategic choices   220

15.1.4.4.3                Weaknesses and competitive threats 221

15.1.5      VALMET               222

15.1.5.1  Business overview 222

15.1.5.2  Products/Solutions/Services offered 224

15.1.5.3  Recent developments           225

15.1.5.3.1                Other developments             225

15.1.5.4  MnM view              226

15.1.5.4.1                Key strengths        226

15.1.5.4.2                Strategic choices   226

15.1.5.4.3                Weaknesses and competitive threats 226

15.1.6      VELAN  227

15.1.6.1  Business overview 227

15.1.6.2  Products/Solutions/Services offered 228

15.1.7      BAKER HUGHES                229

15.1.7.1  Business overview 229

15.1.7.2  Products/Solutions/Services offered 231

15.1.7.3  Recent developments           233

15.1.7.3.1                Product launches  233

15.1.7.3.2                Expansion              234

15.1.7.3.3                Other developments             234

15.1.8      KITZ CORPORATION      235

15.1.8.1  Business overview 235

15.1.8.2  Products/Solutions/Services offered 236

15.1.8.3  Recent developments           236

15.1.8.3.1                Deals      236

15.1.8.3.2                Expansion              237

15.1.9      BRAY INTERNATIONAL 238

15.1.9.1  Business overview 238

15.1.9.2  Products/Solutions/Services offered 238

15.1.10   BAC VALVES       240

15.1.10.1                 Business overview 240

15.1.10.2                 Products/Solutions/Services offered 240

15.1.11   CRYOCOMP        245

15.1.11.1                 Business overview 245

15.1.11.2                 Products/Solutions/Services offered 245

15.1.12   SLB         247

15.1.12.1                 Business overview 247

15.1.12.2                 Products/Solutions/Services offered 248

15.1.12.3                 Recent developments           249

15.1.12.3.1             Expansion              249

15.1.13   L&T VALVES LIMITED   250

15.1.13.1                 Business overview 250

15.1.13.2                 Products/Solutions/Services offered 250

15.1.14   POWELL VALVES              252

15.1.14.1                 Business overview 252

15.1.14.2                 Products/Solutions/Services offered 252

15.1.15   HABONIM            254

15.1.15.1                 Business overview 254

15.1.15.2                 Products/Solutions/Services offered 254

15.1.16   HEROSE                256

15.1.16.1                 Business overview 256

15.1.16.2                 Products/Solutions/Services offered 256

15.2         OTHER PLAYERS              260

15.2.1      SAMSON AKTIENGESELLSCHAFT             260

15.2.2      VALCO GROUP 260

15.2.3      OSWAL INDUSTRIES LIMITED    261

15.2.4      MAVERICK VALVES         262

15.2.5      CRYOGENIC SPECIALTY MANUFACTURING        263

15.2.6      ROCHELLES TECHNOMATICS INDIA PVT. LTD  264

15.2.7      XHVAL GROUP VALVE CO., LTD.               265

15.2.8      XINTAI VALVE   265

15.2.9      MECA-INOX        266

16            APPENDIX           267

16.1         INSIGHTS OF INDUSTRY EXPERTS           267

16.2         DISCUSSION GUIDE        268

16.3         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                273

16.4         CUSTOMIZATION OPTIONS        275

16.5         RELATED REPORTS         275

16.6         AUTHOR DETAILS           276

LIST OF TABLES

TABLE 1                CRYOGENIC VALVE ASSEMBLY MARKET SNAPSHOT          44

TABLE 2                ROLE OF COMPANIES IN CRYOGENIC VALVE ASSEMBLY ECOSYSTEM 65

TABLE 3                LIST OF MAJOR PATENTS, 2021–2024        69

TABLE 4                AVERAGE SELLING PRICE TREND OF CRYOGENIC VALVE ASSEMBLY MARKET,

BY TYPE, 2023–2029 (USD)            70

TABLE 5                INDICATIVE PRICING TREND OF CRYOGENIC VALVE ASSEMBLY, BY REGION,

2023–2029 (USD)                71

TABLE 6                EXPORT DATA FOR HS CODE 280430, BY COUNTRY,

2021–2023 (USD THOUSAND)      71

TABLE 7                IMPORT DATA FOR HS CODE 280430, BY COUNTRY,

2021–2023 (USD THOUSAND)      72

TABLE 8                EXPORT DATA FOR HS CODE 280421, BY COUNTRY,

2021–2023 (USD THOUSAND)      73

TABLE 9                IMPORT DATA FOR HS CODE 280421, BY COUNTRY,

2021–2023 (USD THOUSAND)      74

TABLE 10              EXPORT DATA FOR HS CODE 280440, BY COUNTRY,

2021–2023 (USD THOUSAND)      75

TABLE 11              IMPORT DATA FOR HS CODE 280440, BY COUNTRY,

2021–2023 (USD THOUSAND)      76

TABLE 12              EXPORT DATA FOR HS CODE 271111, BY COUNTRY,

2021–2023 (USD THOUSAND)      77

TABLE 13              IMPORT DATA FOR HS CODE 271111, BY COUNTRY,

2021–2023 (USD THOUSAND)      78

TABLE 14              EXPORT DATA FOR HS CODE 280410, BY COUNTRY,

2021–2023 (USD THOUSAND)      79

TABLE 15              IMPORT DATA FOR HS CODE 280410, BY COUNTRY,

2021–2023 (USD THOUSAND)      80

TABLE 16              CRYOGENIC VALVE ASSEMBLY MARKET: LIST OF CONFERENCES AND EVENTS               81

TABLE 17              NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  82

TABLE 18              EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  82

TABLE 19              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  83

TABLE 20              SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  83

TABLE 21              MIDDLE EAST: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  83

TABLE 22              CRYOGENIC VALVE ASSEMBLY MARKET: REGULATORY FRAMEWORKS     84

TABLE 23              CRYOGENIC VALVE ASSEMBLY MARKET: PORTER’S FIVE FORCES ANALYSIS           85

TABLE 24              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS

FOR KEY END-USER INDUSTRIES              87

TABLE 25              KEY BUYING CRITERIA FOR KEY END-USER INDUSTRIES       88

TABLE 26              CRYOGENIC VALVE ASSEMBLY MARKET, BY TYPE, 2022–2029 (USD MILLION)                97

TABLE 27              GATE VALVE ASSEMBLY MARKET, BY REGION, 2022–2029 (USD MILLION)            98

TABLE 28              GLOBE VALVE ASSEMBLY MARKET, BY REGION, 2022–2029 (USD MILLION)            99

TABLE 29              BALL VALVE ASSEMBLY MARKET, BY REGION, 2022–2029 (USD MILLION)            100

TABLE 30              CHECK VALVE ASSEMBLY MARKET, BY REGION, 2022–2029 (USD MILLION)            101

TABLE 31              BUTTERFLY VALVE ASSEMBLY MARKET, BY REGION, 2022–2029 (USD MILLION)          102

TABLE 32             OTHER CRYOGENIC VALVE ASSEMBLY MARKET, BY REGION,

2022–2029 (USD MILLION)            102

TABLE 33              CRYOGENIC VALVE ASSEMBLY MARKET, BY COMPONENT,

2022–2029 (USD MILLION)            105

TABLE 34              CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN, 2022–2029 (USD MILLION)     112

TABLE 35              CRYOGENIC VALVE ASSEMBLY MARKET FOR NITROGEN, BY REGION,

2022–2029 (USD MILLION)            113

TABLE 36              CRYOGENIC VALVE ASSEMBLY MARKET FOR ARGON, BY REGION,

2022–2029 (USD MILLION)            114

TABLE 37              CRYOGENIC VALVE ASSEMBLY MARKET FOR OXYGEN, BY REGION,

2022–2029 (USD MILLION)            114

TABLE 38              CRYOGENIC VALVE ASSEMBLY MARKET FOR LNG, BY REGION,

2022–2029 (USD MILLION)            115

TABLE 39              CRYOGENIC VALVE ASSEMBLY MARKET FOR HYDROGEN, BY REGION,

2022–2029 (USD MILLION)            116

TABLE 40              CRYOGEN VALVE ASSEMBLY MARKET FOR OTHER CRYOGENS, BY REGION,

2022–2029 (USD MILLION)            117

TABLE 41              CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            120

TABLE 42              CRYOGENIC VALVE ASSEMBLY MARKET IN METALLURGY, BY REGION,

2022–2029 (USD MILLION)            121

TABLE 43              CRYOGENIC VALVE ASSEMBLY MARKET IN ENERGY & POWER, BY REGION,

2022–2029 (USD MILLION)            122

TABLE 44              CRYOGENIC VALVE ASSEMBLY MARKET IN CHEMICALS, BY REGION,

2022–2029 (USD MILLION)            123

TABLE 45              CRYOGENIC VALVE ASSEMBLY MARKET IN ELECTRONICS, BY REGION,

2022–2029 (USD MILLION)            123

TABLE 46              CRYOGENIC VALVE ASSEMBLY MARKET IN TRANSPORTATION, BY REGION,

2022–2029 (USD MILLION)            124

TABLE 47              CRYOGENIC VALVE ASSEMBLY MARKET IN OTHER END-USER INDUSTRIES,

BY REGION, 2022–2029 (USD MILLION)   125

TABLE 48              CRYOGENIC VALVE ASSEMBLY MARKET, BY APPLICATION,

2022–2029 (USD MILLION)            127

TABLE 49              CRYOGENIC VALVE ASSEMBLY MARKET, BY REGION, 2022–2029 (USD MILLION)          131

TABLE 50              ASIA PACIFIC: CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN,

2022–2029 (USD MILLION)            134

TABLE 51              ASIA PACIFIC: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)                 134

TABLE 52              ASIA PACIFIC: CRYOGENIC VALVE ASSEMBLY MARKET, BY TYPE,

2022–2029 (USD MILLION)            135

TABLE 53              ASIA PACIFIC: CRYOGENIC VALVE ASSEMBLY MARKET, BY COUNTRY,

2022–2029 (USD MILLION)            135

TABLE 54             CHINA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            136

TABLE 55              INDIA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            137

TABLE 56              AUSTRALIA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)                 138

TABLE 57              JAPAN: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            139

TABLE 58              MALAYSIA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)                 140

TABLE 59              REST OF ASIA PACIFIC: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)            141

TABLE 60              NORTH AMERICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN,

2022–2029 (USD MILLION)            142

TABLE 61              NORTH AMERICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)            143

TABLE 62              NORTH AMERICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY TYPE,

2022–2029 (USD MILLION)            143

TABLE 63              NORTH AMERICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY COUNTRY,

2022–2029 (USD MILLION)            143

TABLE 64              US: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            144

TABLE 65              CANADA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            145

TABLE 66              MEXICO: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            146

TABLE 67              EUROPE: CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN,

2022–2029 (USD MILLION)            148

TABLE 68              EUROPE: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            148

TABLE 69              EUROPE: CRYOGENIC VALVE ASSEMBLY MARKET, BY TYPE,

2022–2029 (USD MILLION)            149

TABLE 70              EUROPE: CRYOGENIC VALVE ASSEMBLY MARKET, BY COUNTRY,

2022–2029 (USD MILLION)            149

TABLE 71             RUSSIA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            150

TABLE 72              UK: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            151

TABLE 73              GERMANY: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)                 152

TABLE 74              FRANCE: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            153

TABLE 75              REST OF EUROPE: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)            154

TABLE 76              MIDDLE EAST: CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN,

2022–2029 (USD MILLION)            155

TABLE 77              MIDDLE EAST: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)                 156

TABLE 78              MIDDLE EAST: CRYOGENIC VALVE ASSEMBLY MARKET, BY TYPE,

2022–2029 (USD MILLION)            156

TABLE 79              MIDDLE EAST: CRYOGENIC VALVE ASSEMBLY MARKET, BY COUNTRY,

2022–2029 (USD MILLION)            156

TABLE 80              SAUDI ARABIA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)                 157

TABLE 81              UAE: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            158

TABLE 82              QATAR: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            159

TABLE 83              REST OF GCC: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)                 160

TABLE 84              REST OF THE MIDDLE EAST: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION) 161

TABLE 85              AFRICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN,

2022–2029 (USD MILLION)            162

TABLE 86              AFRICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            162

TABLE 87              AFRICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY TYPE,

2022–2029 (USD MILLION)            162

TABLE 88              AFRICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY COUNTRY,

2022–2029 (USD MILLION)            163

TABLE 89              SOUTH AFRICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)                 163

TABLE 90              NIGERIA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            164

TABLE 91              ALGERIA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)                 165

TABLE 92              REST OF AFRICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)                 166

TABLE 93              SOUTH AMERICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN,

2022–2029 (USD MILLION)            167

TABLE 94              SOUTH AMERICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)            167

TABLE 95              SOUTH AMERICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY TYPE,

2022–2029 (USD MILLION)            168

TABLE 96              SOUTH AMERICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY COUNTRY,

2022–2029 (USD MILLION)            168

TABLE 97              BRAZIL: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY,

2022–2029 (USD MILLION)            169

TABLE 98              ARGENTINA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)                 170

TABLE 99              VENEZUELA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)                 170

TABLE 100            REST OF SOUTH AMERICA: CRYOGENIC VALVE ASSEMBLY MARKET, BY END-USER INDUSTRY, 2022–2029 (USD MILLION)            171

TABLE 101            CRYOGENIC VALVE ASSEMBLY MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, 2020–2024          172

TABLE 102            CRYOGENIC VALVE ASSEMBLY MARKET: DEGREE OF COMPETITION         174

TABLE 103            CRYOGENIC VALVE ASSEMBLY MARKET: REGIONAL FOOTPRINT                 183

TABLE 104            CRYOGENIC VALVE ASSEMBLY MARKET: TYPE FOOTPRINT, 2023             184

TABLE 105            CRYOGENIC VALVE ASSEMBLY MARKET: CRYOGEN FOOTPRINT, 2023       185

TABLE 106            CRYOGENIC VALVE ASSEMBLY MARKET: APPLICATION FOOTPRINT, 2023               186

TABLE 107            CRYOGENIC VALVE ASSEMBLY MARKET: END USER FOOTPRINT, 2023 187

TABLE 108            CRYOGENIC VALVE ASSEMBLY MARKET: COMPONENT FOOTPRINT, 2023 (1/2)     188

TABLE 109            CRYOGENIC VALVE ASSEMBLY MARKET: COMPONENT FOOTPRINT, 2023 (2/2)     189

TABLE 110            CRYOGENIC VALVE ASSEMBLY MARKET:

LIST OF KEY STARTUPS/SMES, 2023 (1/2)               192

TABLE 111            CRYOGENIC VALVE ASSEMBLY MARKET:

LIST OF KEY STARTUPS/SMES, 2023 (2/2)               193

TABLE 112            CRYOGENIC VALVE ASSEMBLY MARKET: PRODUCT LAUNCHES,

JANUARY 2020–NOVEMBER 2024                 195

TABLE 113            CRYOGENIC VALVE ASSEMBLY MARKET: DEALS, JANUARY 2020–NOVEMBER 2024                 196

TABLE 114            CRYOGENIC VALVE ASSEMBLY MARKET: EXPANSION,

JANUARY 2020–NOVEMBER 2024                 197

TABLE 115            CRYOGENIC VALVE ASSEMBLY MARKET: OTHER DEVELOPMENT, JANUARY 2020–NOVEMBER 2024                 199

TABLE 116            PARKER HANNIFIN CORP: COMPANY OVERVIEW          200

TABLE 117            PARKER HANNIFIN CORP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    202

TABLE 118            PARKER HANNIFIN CORP: PRODUCT LAUNCHES          205

TABLE 119            EMERSON ELECTRIC CO.: COMPANY OVERVIEW                 206

TABLE 120            EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    207

TABLE 121            EMERSON ELECTRIC CO.: PRODUCT LAUNCHES                 209

TABLE 122            FLOWSERVE CORPORATION: COMPANY OVERVIEW          211

TABLE 123            FLOWSERVE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    212

TABLE 124            FLOWSERVE CORPORATION: DEALS      214

TABLE 125            FLOWSERVE CORPORATION: OTHER DEVELOPMENTS              216

TABLE 126            CRANE COMPANY: COMPANY OVERVIEW                 217

TABLE 127            CRANE COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    218

TABLE 128            CRANE COMPANY: DEALS            220

TABLE 129            VALMET: COMPANY OVERVIEW                222

TABLE 130            VALMET: PRODUCTS/SOLUTIONS/SERVICES OFFERED             224

TABLE 131            VALMET: OTHER DEVELOPMENTS          225

TABLE 132            VELAN: COMPANY OVERVIEW   227

TABLE 133            VELAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED             228

TABLE 134            BAKER HUGHES: COMPANY OVERVIEW 229

TABLE 135            BAKER HUGHES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    231

TABLE 136            BAKER HUGHES: PRODUCT LAUNCHES 233

TABLE 137            BAKER HUGHES: EXPANSIONS  234

TABLE 138            BAKER HUGHES: OTHER DEVELOPMENTS                 234

TABLE 139            KITZ CORPORATION: COMPANY OVERVIEW                 235

TABLE 140            KITZ CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    236

TABLE 141            KITZ CORPORATION: DEALS      236

TABLE 142            KITZ CORPORATION: EXPANSIONS         237

TABLE 143            BRAY INTERNATIONAL: COMPANY OVERVIEW                 238

TABLE 144            BRAY INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED    238

TABLE 145            BAC VALVES: COMPANY OVERVIEW       240

TABLE 146            BAC VALVES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    240

TABLE 147            CRYOCOMP: COMPANY OVERVIEW         245

TABLE 148            CRYOCOMP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    245

TABLE 149            SLB: COMPANY OVERVIEW          247

TABLE 150            SLB: PRODUCTS/SOLUTIONS/SERVICES OFFERED             248

TABLE 151            SLB: EXPANSIONS            249

TABLE 152            L&T VALVES LIMITED: COMPANY OVERVIEW                 250

TABLE 153            L&T VALVES LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED    250

TABLE 154            POWELL VALVES: COMPANY OVERVIEW                 252

TABLE 155            POWELL VALVES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    252

TABLE 156            HABONIM: COMPANY OVERVIEW            254

TABLE 157            HABONIM: PRODUCTS/SOLUTIONS/SERVICES OFFERED             254

TABLE 158            HEROSE: COMPANY OVERVIEW 256

TABLE 159            HEROSE: PRODUCTS/SOLUTIONS/SERVICES OFFERED             256

LIST OF FIGURES

FIGURE 1              CRYOGENIC VALVE ASSEMBLY MARKET SEGMENTATION AND

REGIONAL SNAPSHOT  29

FIGURE 2              STUDY YEARS CONSIDERED       30

FIGURE 3              CRYOGENIC VALVE ASSEMBLY MARKET: RESEARCH DESIGN         33

FIGURE 4              DATA TRIANGULATION METHODOLOGY                 34

FIGURE 5              KEY DATA FROM SECONDARY SOURCES                 35

FIGURE 6              KEY INSIGHTS FROM INDUSTRY EXPERTS                 36

FIGURE 7              BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION, AND REGION        37

FIGURE 8              CRYOGENIC VALVE ASSEMBLY MARKET: BOTTOM-UP APPROACH              38

FIGURE 9              CRYOGENIC VALVE ASSEMBLY MARKET: TOP-DOWN APPROACH          39

FIGURE 10            METRICS CONSIDERED FOR ANALYZING AND ASSESSING DEMAND FOR CRYOGENIC VALVE ASSEMBLY                 40

FIGURE 11            KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF

CRYOGENIC VALVE ASSEMBLY 41

FIGURE 12            CRYOGENIC VALVE ASSEMBLY MARKET: SUPPLY-SIDE ANALYSIS                 42

FIGURE 13            CRYOGENIC VALVE ASSEMBLY MARKET: MARKET SHARE ANALYSIS, 2023                 43

FIGURE 14            BALL VALVES TO DOMINATE CRYOGENIC VALVE ASSEMBLY MARKET THROUGHOUT FORECAST PERIOD                 46

FIGURE 15            NITROGEN TO ACCOUNT FOR LARGEST SHARE OF CRYOGENIC VALVE ASSEMBLY MARKET IN 2024         46

FIGURE 16            METALLURGY INDUSTRY TO ACCOUNT FOR MAJORITY SHARE IN 2024 AND 2029         47

FIGURE 17            CASU APPLICATIONS TO ACCOUNT FOR LARGER SHARE OF CRYOGENIC VALVE ASSEMBLY MARKET IN 2024 AND 2029 (USD MILLION)  48

FIGURE 18            VALVE BODY TO ACCOUNT FOR LEADING SHARE OF CRYOGENIC VALVE ASSEMBLY MARKET IN 2024 AND 2029        49

FIGURE 19            ASIA PACIFIC DOMINATED CRYOGENIC VALVE ASSEMBLY MARKET IN 2023         50

FIGURE 20            UTILIZATION OF INDUSTRIAL GASES IN METALLURGY AND ENERGY & POWER INDUSTRIES TO DRIVE MARKET               51

FIGURE 21            ASIA PACIFIC TO REGISTER HIGHEST CAGR IN CRYOGENIC VALVE ASSEMBLY MARKET DURING FORECAST PERIOD                52

FIGURE 22            NITROGEN AND CHINA HELD LARGEST SHARE OF ASIA PACIFIC CRYOGENIC VALVE ASSEMBLY MARKET, BY CRYOGEN AND COUNTRY, RESPECTIVELY, IN 2023          53

FIGURE 23            BALL VALVE TO CAPTURE LARGEST SHARE OF GLOBAL CRYOGENIC VALVE ASSEMBLY MARKET IN 2029                 54

FIGURE 24            LNG SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2029   54

FIGURE 25            METALLURGY INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF CRYOGENIC VALVE ASSEMBLY MARKET IN 2029        55

FIGURE 26            CASU APPLICATIONS TO DOMINATE CRYOGENIC VALVE ASSEMBLY MARKET

BY 2029 55

FIGURE 27            VALVE BODY IS EXPECTED TO DOMINATE CRYOGENIC VALVE ASSEMBLY MARKET IN 2029                56

FIGURE 28            CRYOGENIC VALVE ASSEMBLY MARKET:

DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES                 57

FIGURE 29            TOP FIVE EXPORTERS OF LNG IN 2023 (MT)                 58

FIGURE 30            TOTAL REVENUE OF CHEMICAL INDUSTRY WORLDWIDE, 2005–2022 (USD BILLION)                59

FIGURE 31            TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES           63

FIGURE 32            SUPPLY CHAIN ANALYSIS             64

FIGURE 33            ECOSYSTEM ANALYSIS  65

FIGURE 34            CRYOGENIC VALVE ASSEMBLY MARKET: PATENTS APPLIED AND

GRANTED, 2013–2023      68

FIGURE 35            EXPORT DATA FOR HS CODE 280430, 2021–2023 (USD THOUSAND)           72

FIGURE 36            IMPORT DATA FOR HS CODE 280430, 2021–2023 (USD THOUSAND)           73

FIGURE 37            EXPORT DATA FOR HS CODE 280421, 2021–2023 (USD THOUSAND)           74

FIGURE 38            IMPORT DATA FOR HS CODE 280421, 2021–2023 (USD THOUSAND)           75

FIGURE 39            EXPORT DATA FOR HS CODE 280440, 2021–2023 (USD THOUSAND)           76

FIGURE 40            IMPORT DATA FOR HS CODE 280440, 2020–2022 (USD THOUSAND)           77

FIGURE 41            EXPORT DATA FOR HS CODE 271111, 2021–2023 (USD THOUSAND)           78

FIGURE 42            LNG IMPORT DATA FOR TOP FIVE COUNTRIES, 2021–2023 (USD THOUSAND)      79

FIGURE 43            EXPORT DATA FOR HS CODE 280410, 2021–2023 (USD THOUSAND)           80

FIGURE 44            IMPORT DATA FOR HS CODE 280410, 2021–2023 (USD THOUSAND)           81

FIGURE 45            PORTER’S FIVE FORCES ANALYSIS FOR CRYOGENIC VALVE ASSEMBLY MARKET               85

FIGURE 46            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY END-USER INDUSTRIES          87

FIGURE 47            KEY BUYING CRITERIA FOR KEY END-USER INDUSTRIES       88

FIGURE 48            INVESTMENT AND FUNDING SCENARIO, 2024 (USD MILLION) 89

FIGURE 49            CRYOGENIC VALVE ASSEMBLY MARKET SHARE (VALUE), BY TYPE, 2023 97

FIGURE 50            CRYOGENIC VALVE ASSEMBLY MARKET SHARE (VALUE), BY COMPONENT, 2023                104

FIGURE 51            CRYOGENIC VALVE ASSEMBLY MARKET SHARE (VALUE), BY CRYOGEN, 2023       112

FIGURE 52            CRYOGENIC VALVE ASSEMBLY MARKET SHARE (VALUE),

BY END-USER INDUSTRY, 2023   119

FIGURE 53            CRYOGENIC VALVE ASSEMBLY MARKET SHARE (VALUE), BY APPLICATION, 2023               127

FIGURE 54            ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN CRYOGENIC VALVE ASSEMBLY MARKET DURING FORECAST PERIOD                130

FIGURE 55            CRYOGENIC VALVE ASSEMBLY MARKET SHARE (VALUE), BY REGION, 2023           131

FIGURE 56            ASIA PACIFIC: CRYOGENIC VALVE ASSEMBLY MARKET SNAPSHOT       133

FIGURE 57            EUROPE: CRYOGENIC VALVE ASSEMBLY MARKET SNAPSHOT       147

FIGURE 58            MARKET SHARE ANALYSIS OF TOP PLAYERS, 2023        175

FIGURE 59            CRYOGENIC VALVE ASSEMBLY MARKET: SEGMENTAL REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2020–2024 (USD MILLION)       177

FIGURE 60            CRYOGENIC VALVE ASSEMBLY MARKET: BRAND/PRODUCT COMPARISON             178

FIGURE 61            CRYOGENIC VALVE ASSEMBLY MARKET: COMPANY EVALUATION, 2024   179

FIGURE 62            CRYOGENIC VALVE ASSEMBLY MARKET: FINANCIAL METRICS, 2024            179

FIGURE 63            CRYOGENIC VALVE ASSEMBLY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023  181

FIGURE 64            CRYOGENIC VALVE ASSEMBLY MARKET: COMPANY FOOTPRINT, 2023      182

FIGURE 65            CRYOGENIC VALVE ASSEMBLY MARKET:

STARTUPS/SMES EVALUATION MATRIX, 2023     191

FIGURE 66            PARKER HANNIFIN CORP: COMPANY SNAPSHOT          201

FIGURE 67            EMERSON ELECTRIC CO.: COMPANY SNAPSHOT                 207

FIGURE 68            FLOWSERVE CORPORATION: COMPANY SNAPSHOT          212

FIGURE 69            CRANE COMPANY: COMPANY SNAPSHOT                 218

FIGURE 70            VALMET: COMPANY SNAPSHOT                223

FIGURE 71            VELAN: COMPANY SNAPSHOT  228

FIGURE 72            BAKER HUGHES: COMPANY SNAPSHOT                 230

FIGURE 73            KITZ CORPORATION: COMPANY SNAPSHOT                 235

FIGURE 74            SLB: COMPANY SNAPSHOT         248