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U.S. Cryogenic Valve Market Trends

Report ID: GMI10592
Published Date: Aug 2024
Report Format: PDF

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U.S. Cryogenic Valve Market Trends

The expansion of industrial gas facilities and distribution networks across the U.S. is significantly boosting the demand for valves tailored to cryogenic applications. Cryogenic valves are designed to tackle the challenges of ultra-low temperatures, acting as gatekeepers for cryogenic fluids such as liquid nitrogen, oxygen, and argon.

The U.S. has a highly integrated natural gas pipeline network, spanning approximately three million miles of mainlines and other pipelines. This network seamlessly connects natural gas production sites and storage facilities to a consumer base of about 78.3 million, delivering a substantial 29.2 trillion cubic feet (TCF) of natural gas in 2022.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of U.S. cryogenic valve was recorded USD 204.7 million in 2023 and may register 6.5% CAGR between 2024 to 2032, as thy are engineered specifically to function effectively in extremely cold environments, typically below -50°C (-58°F).

U.S. cryogenic valve market size from the LNG valve type segment may reach USD 219.4 million by 2032, fuelled by its reputation as a cleaner substitute for conventional fossil fuels in sectors, such as power generation, industrial processes, and marine transport.

U.S. cryogenic valve market size from the supplying line segment application is expected to reach USD 152.6 million by 2032, owing to substantial growth in LNG infrastructure, encompassing liquefaction plants, terminals, and export facilities.

Alloy Valves and Control (AVCO), Bray International, Crane Company, Emerson Electric Co., Flowserve Corporation, HEROSE GmbH, KITZ Corporation, Ladish Valves, and Parker Hannifin