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Cryogenic Valve Market worth 3.75 Billion USD by 2023

The global cryogenic valve market was valued at USD 2.89 Billion in 2017 and is projected to reach at USD 3.75 Billion by 2023, at a CAGR of 4.51% during the forecast period. Rising LNG trade and increasing demand for industrial gases are the major factors driving the cryogenic valve market.

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Cryogenic Valve Market worth 3.75 Billion USD by 2023

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  1. Cryogenic Valve Market worth 3.75 Billion USD by 2023 The report " "Cryogenic Valve Market Cryogenic Valve Market by Gas (LNG, Oxygen, Nitrogen), Type (Globe, Gate, Ball), End by Gas (LNG, Oxygen, Nitrogen), Type (Globe, Gate, Ball), End- -User (Energy & Power, Food, Chemicals), Application (Tanks & Cold Boxes, Transfer Lines, Manifolds & Gas (Energy & Power, Food, Chemicals), Application (Tanks & Cold Boxes, Transfer Lines, Manifolds & Gas Trains), And Region Trains), And Region - - Global Forecast to 2023 Global Forecast to 2023" ", The cryogenic valve market is expected to grow from an estimated USD 3.00 Billion in 2018 to USD 3.75 Billion by 2023, at a CAGR of 4.51%, from 2018 to 2023. This growth is primarily due to the rising production and trade of LNG to meet the LNG demand from various countries globally. High demand for industrial gases (nitrogen, oxygen, argon, helium, and others) from industries such as food & beverage, electronics, and chemicals is further expected to boost the cryogenic valve market. User Browse 73 market data Tables and Browse 73 market data Tables and 35 Figures spread through Valve Market Valve Market” ” 35 Figures spread through 126 126 Pages and in Pages and in- -depth TOC on depth TOC on "Cryogenic "Cryogenic Download PDF Brochure@ Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownload.asp?id=16943043 https://www.marketsandmarkets.com/pdfdownload.asp?id=16943043 The energy & The energy & power segment is expected to hold the largest share of the cryogenic valve market, by power segment is expected to hold the largest share of the cryogenic valve market, by function during the forecast period function during the forecast period The energy & power segment led the cryogenic valve market in 2017 and is projected to dominate the market during the forecast period. Cryogenic valves are widely used in the energy & power industry. They are installed for the process of liquefication, transportation, and regasification. The rise in the trade of LNG across the world is one of the major drivers of the energy & power segment. Asia Pacific: The leading market for cryogenic valve system 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. Speak to Analyst@ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=16943043 About MarketsandMarkets™ About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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