U.S. Cryogenic Valve Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The U.S. Cryogenic Valve Market was registered approximately USD 204.7 million in 2023 and will achieve a 6.5% CAGR throughout 2024-2032, propelled by the increased demand for liquefied natural gas (LNG) and innovations in cryogenic valve technology. As LNG production and export expand, the need for reliable cryogenic valves in storage and transport systems intensifies. Also, advancements in valve technology, such as enhanced materials and improved performance features, boost their efficiency and safety. These developments drive higher adoption rates across various industries, reinforcing market expansion and addressing the growing energy needs effectively.

The U.S. cryogenic valve industry is segmented based on valve type, application, function, size, and industry.

The LNG type segment garnered around USD 130.8 million in 2023 and will accumulate USD 219.4 million by 2032, fueled by the booming demand for liquefied natural gas. As LNG production and export activities expand, the need for high-quality cryogenic valves to ensure safe and efficient storage and transportation intensifies. This segment's significant revenue growth reflects its critical role in the energy sector. With increasing investments in LNG infrastructure and technological advancements enhancing valve performance, the LNG type segment will lead the market through 2032.

The supplying line segment captured USD 77.9 million in 2023 and will exhibit USD 152.6 million by 2032, attributed to its critical role in ensuring the efficient and reliable transport of cryogenic fluids across various industries. This segment's significant share is driven by increasing demand in sectors such as aerospace, LNG processing, and industrial gas production, where cryogenic valves are essential for maintaining low temperatures and high pressure. Technological upgrades and rising investments in infrastructure further bolster the segment's market leadership, enhancing its overall market share.

The U.S. is experiencing significant expansion in its LNG infrastructure, including liquefaction plants, terminals, and export facilities. Cryogenic ball valves are crucial in these systems, managing LNG flow during key operations like loading, unloading, and transportation. This growth is largely driven by the increasing demand for LNG, recognized as a cleaner alternative to traditional fossil fuels in power generation, industrial processes, and maritime transport. Cryogenic ball valves are especially valued in LNG and hydrogen applications for their ability to endure extremely low temperatures and ensure reliable operation.

Product Code: 10592

Chapter 1 Methodology and Scope

1.1 Market scope and definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Expansion of LNG infrastructure
  - 3.2.1.2 The expansion of industrial gas facilities and distribution networks
- 3.2.2 Industry pitfalls and challenges
  - 3.2.2.1 Operational safety and reliability
  - 3.2.2.2 Price volatility of raw materials
3.3 Market trends and future outlook
3.4 Growth potential analysis, 2023
3.5 Regulatory landscape
3.6 Porter's analysis
3.7 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Valve Type (USD Million) (Thousand Units)

5.1 Key trends
5.2 LNG.
- 5.2.1 Ball Valve
  - 5.2.1.1 Floating ball valves
  - 5.2.1.2 Trunnion mounted ball valves
  - 5.2.1.3 3 Way ball valves
  - 5.2.1.4 Fully welded ball valves
  - 5.2.1.5 Others (Screw End Ball Valves, Flanged End Ball Valves, Multi Port etc.)
- 5.2.2 Butterfly Valve
  - 5.2.2.1 Double offset butterfly valves
  - 5.2.2.2 Triple offset butterfly valves
  - 5.2.2.3 High performance butterfly valves
  - 5.2.2.4 Others (Actuated Butterfly Valves, Lug Butterfly Valves, etc.)
5.3 Hydrogen.
- 5.3.1 Ball Valve
  - 5.3.1.1 Floating ball valves
  - 5.3.1.2 Trunnion mounted ball valves
  - 5.3.1.3 3 way ball valves
  - 5.3.1.4 Fully welded ball valves
  - 5.3.1.5 Others (Screw End Ball Valves, Flanged End Ball Valves, Multi Port etc.)
- 5.3.2 Butterfly Valve
  - 5.3.2.1 Double offset butterfly valves
  - 5.3.2.2 Triple offset butterfly valves
  - 5.3.2.3 High performance butterfly valves
  - 5.3.2.4 Others (Actuated Butterfly Valves, Lug Butterfly Valves, etc.)

Chapter 6 Market Estimates and Forecast, By Function (USD Million) (Thousand Units)

6.1 Key trends
6.2 Manual
6.3 Pneumatic/Electric/Hydraulic control

Chapter 7 Market Estimates and Forecast, By Size (USD Million) (Thousand Units)

7.1 Key trends
7.2. <1"
7.3. 1" to 6"
7.4. 7" to 25"
7.5. 26" to 50"
7.6. >50"

Chapter 8 Market Estimates and Forecast, By Application (USD Million) (Thousand Units)

8.1 Key trends, by region
8.2 Gas pipeline and transportation
8.3 Supplying line
8.4 Filling device
8.5 Bulk storage tank
8.6 Others (Storage Tank and Piping, etc.)

Chapter 9 Market Estimates and Forecast, By Industry (USD Million) (Thousand Units)

9.1 Key trends, by region
9.2 Upstream
9.3 Midstream
9.4 Downstream

Chapter 10 Company Profiles

10.1 Alloy Valves and Control (AVCO)
10.2 Bray International
10.3 Crane Company
10.4 Emerson Electric Co
10.5 Flowserve Corporation
10.6 FZV-Canada (Fangzheng Valve Group Co., Ltd.)
10.7 HEROSE GmbH
10.8 KITZ Corporation
10.9 Ladish Valves
10.10 Parker Hannifin
10.11 Richards Industrials
10.12 Sesto Valves
10.13 SWI Valve
10.14 Valves Only
10.15 Velan