세계의 극저온 밸브 어셈블리 시장 예측 : 밸브 유형별, 극저온 유형별, 구성요소별, 소재별, 사이즈별, 조작별, 용도별, 최종 사용자별, 지역별 분석(-2032년)

According to Stratistics MRC, the Global Cryogenic Valve Assembly Market is accounted for $5.2 billion in 2025 and is expected to reach $9.6 billion by 2032 growing at a CAGR of 9.1% during the forecast period. A cryogenic valve assembly is a specialized valve system engineered to control and regulates the flow of extremely low-temperature fluids such as LNG, liquid nitrogen, oxygen, or hydrogen. They are designed with materials and sealing technologies that maintain performance at temperatures below -150°C, ensuring safe operation, minimal leakage, and structural integrity. These assemblies are critical in industries like energy, aerospace, and healthcare, where precise cryogenic fluid handling is essential.

Market Dynamics:

Driver:

Growth in industrial gases production and applications

The expanding industrial gases sector serves as a primary factor for the growth of the cryogenic valve assembly market. Industries including healthcare, electronics, aerospace, and energy increasingly rely on liquefied gases such as nitrogen, oxygen, and argon for diverse applications. Additionally, the semiconductor manufacturing boom demands ultra-pure cryogenic gases for wafer processing and equipment cooling. The rising adoption of liquefied natural gas (LNG) as a cleaner energy source necessitates sophisticated valve systems capable of handling extreme temperatures. This sustained demand across multiple verticals creates substantial market expansion opportunities for specialized cryogenic valve manufacturers.

Restraint:

Long lead times and supply chain vulnerabilities

Cryogenic valve assemblies require specialized materials, precision machining, and rigorous testing protocols, resulting in production cycles spanning several months. The limited supplier base for critical components creates bottlenecks during peak demand periods. Moreover, geopolitical tensions and trade restrictions further exacerbate supply chain challenges, affecting raw material availability and component sourcing. These operational constraints limit manufacturers' ability to rapidly scale production and meet growing market demands, potentially deterring new market entrants and restricting overall industry expansion.

Opportunity:

Advancements in valve materials and sealing technologies

Advanced alloys, composite materials, and nano-coatings offer improved durability, reduced thermal conductivity, and enhanced corrosion resistance in extreme cryogenic environments. Next-generation sealing technologies incorporating elastomeric compounds and metal-to-metal sealing mechanisms ensure superior leak-tightness and operational reliability. Smart valve technologies integrating IoT sensors and predictive maintenance capabilities enable real-time monitoring and optimize system performance. These technological advancements allow manufacturers to develop premium products commanding higher margins while addressing evolving customer requirements for enhanced safety and operational efficiency.

Threat:

Long-term reliability and leak-tightness in extreme conditions

Repeated thermal cycling, material degradation, and seal deterioration can compromise valve integrity, leading to costly system failures and safety hazards. Extreme temperature variations induce thermal stress and material embrittlement, affecting valve longevity and performance predictability. Inadequate leak-tightness standards may result in product recalls, regulatory penalties, and reputation damage for manufacturers. These reliability concerns necessitate extensive testing protocols and quality assurance measures, increasing development costs and potentially limiting market acceptance for new valve technologies and applications.

Covid-19 Impact:

The COVID-19 pandemic significantly disrupted cryogenic valve assembly markets through manufacturing shutdowns, supply chain interruptions, and project delays across key end-user industries. Additionally, reduced capital expenditure in oil and gas sectors temporarily decreased demand. However, increased medical oxygen requirements and vaccine cold-chain logistics partly offset industrial declines. Moreover, the pandemic accelerated digitalization initiatives and remote monitoring adoption, creating new opportunities for smart valve technologies.

The ball valves segment is expected to be the largest during the forecast period

The ball valves segment is expected to account for the largest market share during the forecast period due to their exceptional sealing capabilities, operational reliability, and versatility across diverse applications. The quarter-turn operation mechanism provides rapid flow control with minimal torque requirements, making them ideal for automated systems. The spherical closure element ensures consistent sealing performance even after extensive thermal cycling in cryogenic environments. Moreover, ball valves offer superior bi-directional sealing capabilities and reduced maintenance requirements compared to alternative valve types. Their proven track record in LNG terminals, industrial gas facilities, and aerospace applications reinforces their market leadership position.

The hydrogen (LH2) segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the hydrogen (LH2) segment is predicted to witness the highest growth rate, driven by global energy transition initiatives and decarbonization mandates across industries. Increasing investments in hydrogen production facilities, fuel cell technologies, and hydrogen-powered transportation infrastructure create substantial demand for specialized cryogenic valve systems. The emerging hydrogen economy requires extensive distribution networks and storage facilities, necessitating reliable valve assemblies capable of handling liquid hydrogen's unique properties. This growing hydrogen ecosystem drives unprecedented market expansion opportunities for cryogenic valve manufacturers.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share through robust industrial infrastructure development, expanding LNG import capacity, and increasing semiconductor manufacturing activities. China, Japan, and South Korea lead regional demand with substantial investments in petrochemical complexes, steel production facilities, and electronics manufacturing. Additionally, growing energy security concerns drive significant LNG terminal construction projects across the region. The region's manufacturing prowess and cost-competitive production capabilities further strengthen its market leadership position.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR through accelerating industrialization, urbanization, and energy infrastructure investments across emerging economies. India, Southeast Asian nations, and China continue expanding their industrial gas consumption and LNG import capabilities to support economic development. Additionally, increasing semiconductor fabrication capacity and aerospace industry growth create new demand streams for specialized cryogenic valve applications. The combination of growing energy demands, industrial diversification, and supportive policy frameworks positions Asia Pacific for sustained high-growth performance.

Key players in the market

Some of the key players in Cryogenic Valve Assembly Market include Emerson Electric Co., Flowserve Corporation, SLB, Weir Group PLC, Parker Hannifin Corporation, Curtiss-Wright Corporation, KITZ Corporation, Valvitalia Group, Bray International, Inc., Samson AG, L&T Valves Limited, IMI plc, Spirax Sarco Engineering plc, Circor International, Inc., Swagelok Company, GEMU Group, Velan Inc., Valmet Oyj, and Neway Valve (Suzhou) Co., Ltd.

Key Developments:

In July 2025, KITZ announced a new factory building in Vietnam for high-purity gas compatible valves in the semiconductor equipment market, with operations starting November 2025 and a 4.5 billion yen investment.

In April 2024, Emerson's Andrea Sutti presented "Cryogenic Valve Designs to Meet Demand for Higher Capacity, Emission Compliant LNG Infrastructure" at the Emerson Exchange Conference, focusing on advanced valve technology for LNG applications.

In November 2023, Flowserve announced the launch of the Worcester cryogenic series of reduced-port, quarter-turn floating ball valves for LNG, hydrogen, and other industrial gas applications. These valves feature high-strength stems, exceptional fugitive emissions control, and modular bolted bonnet design.

In March 2023, Parker launched a comprehensive 70-page catalogue for its range of Bestobell high-performance cryogenic valves for ultra-low temperature liquefied gas applications. The catalogue includes technical information on products compliant with ASME B31.3, BS EN 1626, and BS ISO 21011.

Valve Types Covered:

• Ball Valves
• Gate Valves
• Globe Valves
• Check Valves
• Butterfly Valves
• Relief Valves
• Other Valve Types

Cryogen Types:

• Nitrogen (LIN)
• Oxygen (LOX)
• Argon (LAR)
• LNG (Liquefied Natural Gas)
• Hydrogen (LH2)
• Helium (LHe)
• Ethylene
• CO2 (Liquid Carbon Dioxide)

Components Covered:

• Valve Body
• Actuators
• Stem & Stem Packing
• Seats, Seals & Gaskets
• Bonnet & Bonnet Extension
• Trim Components
• Insulation Materials

Materials Covered:

• Stainless Steel
• Duplex & Super Duplex Stainless Steel
• Nickel Alloys
• Brass/Bronze
• Emerging Materials

Sizes Covered:

• < 2 inches
• 2 to 6 inches
• 8 to 12 inches
• > 12 inches

Operations Covered:

• Manual
• Actuated

Applications Covered:

• Storage Tanks
• Transportation
• Processing & Liquefaction Plants
• Regasification Terminals
• Distribution Pipelines & Transfer Lines
• End Use Equipment

End Users Covered:

• Oil & Gas
• Industrial Gases Production & Distribution
• Energy & Power
• Chemicals & Petrochemicals
• Aerospace & Defense
• Healthcare & Medical Gases
• Food & Beverage
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Cryogenic Valve Assembly Market, By Valve Type

• 5.1 Introduction
• 5.2 Ball Valves
• 5.3 Gate Valves
• 5.4 Globe Valves
• 5.5 Check Valves
• 5.6 Butterfly Valves
• 5.7 Relief Valves
• 5.8 Other Valve Types

6 Global Cryogenic Valve Assembly Market, By Cryogen Type

• 6.1 Introduction
• 6.2 Nitrogen (LIN)
• 6.3 Oxygen (LOX)
• 6.4 Argon (LAR)
• 6.5 LNG (Liquefied Natural Gas)
• 6.6 Hydrogen (LH2)
• 6.7 Helium (LHe)
• 6.8 Ethylene
• 6.9 CO2 (Liquid Carbon Dioxide)

7 Global Cryogenic Valve Assembly Market, By Component

• 7.1 Introduction
• 7.2 Valve Body
• 7.3 Actuators
• 7.4 Stem & Stem Packing
• 7.5 Seats, Seals & Gaskets
• 7.6 Bonnet & Bonnet Extension
• 7.7 Trim Components
• 7.8 Insulation Materials

8 Global Cryogenic Valve Assembly Market, By Material

• 8.1 Introduction
• 8.2 Stainless Steel
• 8.3 Duplex & Super Duplex Stainless Steel
• 8.4 Nickel Alloys
• 8.5 Brass/Bronze
• 8.6 Emerging Materials

9 Global Cryogenic Valve Assembly Market, By Size

• 9.1 Introduction
• 9.2 < 2 inches
• 9.3 2 to 6 inches
• 9.4 8 to 12 inches
• 9.5 > 12 inches

10 Global Cryogenic Valve Assembly Market, By Operation

• 10.1 Introduction
• 10.2 Manual
• 10.3 Actuated
  • 10.3.1 Pneumatic
  • 10.3.2 Electric
  • 10.3.3 Hydraulic
  • 10.3.4 Smart/Partial-Stroke Actuated

11 Global Cryogenic Valve Assembly Market, By Application

• 11.1 Introduction
• 11.2 Storage Tanks
• 11.3 Transportation
• 11.4 Processing & Liquefaction Plants
• 11.5 Regasification Terminals
• 11.6 Distribution Pipelines & Transfer Lines
• 11.7 End Use Equipment

12 Global Cryogenic Valve Assembly Market, By End User

• 12.1 Introduction
• 12.2 Oil & Gas
• 12.3 Industrial Gases Production & Distribution
• 12.4 Energy & Power
• 12.5 Chemicals & Petrochemicals
• 12.6 Aerospace & Defense
• 12.7 Healthcare & Medical Gases
• 12.8 Food & Beverage
• 12.9 Other End Users

13 Global Cryogenic Valve Assembly Market, By Geography

• 13.1 Introduction
• 13.2 North America
  • 13.2.1 US
  • 13.2.2 Canada
  • 13.2.3 Mexico
• 13.3 Europe
  • 13.3.1 Germany
  • 13.3.2 UK
  • 13.3.3 Italy
  • 13.3.4 France
  • 13.3.5 Spain
  • 13.3.6 Rest of Europe
• 13.4 Asia Pacific
  • 13.4.1 Japan
  • 13.4.2 China
  • 13.4.3 India
  • 13.4.4 Australia
  • 13.4.5 New Zealand
  • 13.4.6 South Korea
  • 13.4.7 Rest of Asia Pacific
• 13.5 South America
  • 13.5.1 Argentina
  • 13.5.2 Brazil
  • 13.5.3 Chile
  • 13.5.4 Rest of South America
• 13.6 Middle East & Africa
  • 13.6.1 Saudi Arabia
  • 13.6.2 UAE
  • 13.6.3 Qatar
  • 13.6.4 South Africa
  • 13.6.5 Rest of Middle East & Africa

14 Key Developments

• 14.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 14.2 Acquisitions & Mergers
• 14.3 New Product Launch
• 14.4 Expansions
• 14.5 Other Key Strategies

15 Company Profiling

• 15.1 Emerson Electric Co.
• 15.2 Flowserve Corporation
• 15.3 SLB
• 15.4 Weir Group PLC
• 15.5 Parker Hannifin Corporation
• 15.6 Curtiss-Wright Corporation
• 15.7 KITZ Corporation
• 15.8 Valvitalia Group
• 15.9 Bray International, Inc.
• 15.10 Samson AG
• 15.11 L&T Valves Limited
• 15.12 IMI plc
• 15.13 Spirax Sarco Engineering plc
• 15.14 Circor International, Inc.
• 15.15 Swagelok Company
• 15.16 GEMU Group
• 15.17 Velan Inc.
• 15.18 Valmet Oyj
• 15.19 Neway Valve (Suzhou) Co., Ltd.