The ball valve segment is expected to be the fastest growing segment of the cryogenic
valve market
The ball valve segment is expected to be the fastest growing market from 2018 to 2023. These
valves have 90-degree rotation, which opens and closes the valve, giving them a reliable and
airtight sealing. They have better flow characteristics than globe valves. Ball valves are quick and
simple to operate and preferred for automation. Ball valves are less suitable, where tight shut -off
is required.
Asia Pacific: The leading market for cryogenic valve system
In this report, the cryogenic valve market has been analyzed with respect to five regions, namely,
North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia Pacific is
expected to hold for the largest market share in the global cryogenic valve market in 2018.
Countries such as China, India, Australia, and Japan have huge demand for LNG, electronic
equipment, chemicals, and metallurgy processes to meet the growing demand from residential
and industrial sectors.
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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