How Cryogenic Valve Market Changing a Dynamics of Industry till 2023

The global cryogenic valve system market is projected to reach USD 3.74 billion by 2023, growing at a CAGR of 4.51%, from an estimated USD 3.00 billion in 2018. The growth of the cryogenic valve market is majorly driven by the growing trade of LNG across the globe and increasing demand for industrial gases.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the cryogenic valve market. These players include Schlumberger(US), Emerson (US), Parker (US), Flowserve (US), and Weir Group (Scotland). The leading players adopted various strategies to increase their market shares such as contracts & agreements, new product launches, and mergers & acquisitions.

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Scope of the Report:

• By Application
• Tanks & Cold Boxes
• Liquefiers
• Transfer lines
• Manifolds & Gas Trains
• By Type
• Globe Valve
• Gate Valve
• Check Valve
• Ball Valve
• Others
• By Gas
• LNG
• Oxygen
• Nitrogen
• Others
• By End-User
• Energy & Power
• Chemicals
• Food & Beverage
• Healthcare
• Others
• By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

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The major strategies adopted by the players include contracts & agreements, new product launches, investments & expansions, mergers & acquisitions, and joint ventures & collaborations. Contracts & agreements was the most commonly adopted strategy from January 2015 to January 2018. Industry players also adopted new product development, which was the second most widely followed strategy, during the same period. A few key integrated solution providers have been highlighted in the section below.

Research Coverage:

The report defines, describes, and forecasts the global cryogenic valve market by type, application, gas, end-user, and region. 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 market.

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Why buy this report?

1. The report identifies and addresses key markets for cryogenic valves, which would help manufacturers review the growth in demand.
2. The report helps system providers understand the pulse of the market and provide insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues