Cryogenic Valves Market

By Application;

Tanks & Cold Boxes, Liquefiers, Transfer Lines and Manifolds & Gas Trains

By Type;

Globe Valve, Gate Valve, Check Valve, Ball Valve and Others

By Gas;

LNG, Oxygen, Nitrogen and Others

By End-User;

Energy & Power, Chemicals, Food & Beverage, Healthcare and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn998469318 Published Date: September, 2025 Updated Date: October, 2025

Cryogenic Valves Market Overview

Cryogenic Valves Market (USD Million)

Cryogenic Valves Market was valued at USD 2,595.82 million in the year 2024. The size of this market is expected to increase to USD 3,485.50 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.


Cryogenic Valves Market

*Market size in USD million

CAGR 4.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.3 %
Market Size (2024)USD 2,595.82 Million
Market Size (2031)USD 3,485.50 Million
Market ConcentrationHigh
Report Pages339
2,595.82
2024
3,485.50
2031

Major Players

  • Velan Inc.
  • Samson AG
  • Parker Hannifin Corp.
  • Meca-Inox
  • L&T Valves Limited
  • Herose GmbH
  • Flowserve Corporation
  • Emerson Electric Co.
  • ECI LLC
  • Cryofab
  • Bray International
  • Baker Hughes (General Electric)
  • Bac Valves
  • Powell Valves
  • Habonim Industrial Valves & Actuators Ltd.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Cryogenic Valves Market

Fragmented - Highly competitive market without dominant players


The Cryogenic Valves Market is expanding rapidly as industries adopt valves engineered for low-temperature performance. These systems are essential for safely handling liquefied gases. At present, nearly 55% of demand originates from LNG applications, underlining their importance in energy and industrial operations.

Energy and Power Applications
The deployment of cryogenic valves in the energy sector continues to rise, ensuring secure and efficient management of liquefied gases for power production and supply. Reports show that close to 47% of cryogenic valve usage is linked to energy-related infrastructure.

Healthcare and Pharmaceutical Usage
In healthcare, cryogenic valves play a key role in regulating liquid oxygen and other medical gases. Studies reveal that nearly 44% of hospitals and pharmaceutical facilities depend on these valves to maintain continuous gas supply for life-saving operations.

Innovations in Valve Technology
Advancements in manufacturing and automation are driving improvements in cryogenic valve performance. Modern designs with enhanced sealing and monitoring features boost operational safety. Nearly 39% of recent technological upgrades in valves are dedicated to cryogenic applications.

Market Outlook
The cryogenic valves industry is positioned for strong and sustainable growth as demand rises across healthcare, energy, and industrial domains. With over 41% of future projects set to integrate cryogenic valves, the market outlook remains highly favorable.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Type
    3. Market Snapshot, By Gas
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Cryogenic Valves Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. An increase in oil and gas exploration activities

        2. Growing demand from the chemical industry

      2. Restraints
        1. Safety concerns regarding the operation of liquefied gases

        2. High production costs

      3. Opportunities
        1. Technological upgrades in the space industry

        2. An increase in demand from the food and beverage industry

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Cryogenic Valves Market, By Application, 2021 - 2031 (USD Million)
      1. Tanks & Cold Boxes
      2. Liquefiers
      3. Transfer Lines
      4. Manifolds & Gas Trains
    2. Cryogenic Valves Market, By Type, 2021 - 2031 (USD Million)
      1. Globe Valve
      2. Gate Valve
      3. Check Valve
      4. Ball Valve
      5. Others
    3. Cryogenic Valves Market, By Gas, 2021 - 2031 (USD Million)
      1. LNG
      2. Oxygen
      3. Nitrogen
      4. Others
    4. Cryogenic Valves Market, By End-User, 2021 - 2031 (USD Million)
      1. Energy & Power
    5. Cryogenic Valves Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Emerson Electric Co.
      2. Flowserve Corporation
      3. Parker Hannifin Corporation (Parker / Parker Bestobell)
      4. Velan Inc.
      5. Bray International Inc.
      6. Powell Valves
      7. Schlumberger (Cameron)
      8. Herose GmbH
      9. L&T Valves / Larsen & Toubro Valves
      10. Samson (Samson Aktiengesellschaft)
      11. BAC Valves
      12. The Weir Group PLC
      13. KSB
      14. Kitz Corporation
      15. Habonim Industrial Valves & Actuators
  7. Analyst Views
  8. Future Outlook of the Market