| Product Code: ETC4529125 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India cryogenic valve market import shipment demonstrated a robust growth trend from 2020 to 2024, with a notable CAGR of 20.4%. The market maintained its momentum with a growth rate of 12.6% between 2023 and 2024, indicating a continued expansion during this period.
Cryogenic valves are crucial in industries dealing with extremely low temperatures, such as liquefied natural gas (LNG) and healthcare applications. The market in India is growing in response to increased demand for cryogenic equipment and facilities.
The cryogenic valve market in India is primarily driven by the growth of industries dealing with liquefied natural gas (LNG) and other cryogenic fluids. The expansion of LNG terminals, pharmaceutical industries, and the demand for low-temperature applications in research and healthcare sectors are key factors fueling the market.
The cryogenic valve market in India faces several challenges. One of the primary concerns is the need for reliable and leak-proof valve solutions in cryogenic applications, such as liquefied natural gas (LNG) and low-temperature industrial processes. The demand for high-quality cryogenic valves requires manufacturers to maintain consistent performance and quality. However, the absence of standardized regulations and quality certifications can lead to variations in product quality, making it difficult for customers to choose the right cryogenic valve. The India market is price-sensitive, and competition from domestic and international manufacturers can exert downward pressure on pricing, affecting profitability. Maintaining the reliability and safety of cryogenic valves is crucial, as their failures can result in leaks and safety hazards in cryogenic environments. Additionally, the industry must adapt to the changing needs of the energy and industrial sectors, requiring ongoing innovation in cryogenic valve technology.
The India cryogenic valve market saw a decrease in demand during the pandemic, especially in industries like healthcare and aerospace where cryogenic systems are crucial. Despite the short-term challenges, the market is anticipated to rebound as the importance of cryogenic applications in medical research and space exploration gains prominence.
Key players in the Cryogenic Valve market in India include Velan Inc., Samson AG, HEROSE GmbH, and Flowserve Corporation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Cryogenic Valve Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Cryogenic Valve Market Revenues & Volume, 2021 & 2031F |
3.3 India Cryogenic Valve Market - Industry Life Cycle |
3.4 India Cryogenic Valve Market - Porter's Five Forces |
3.5 India Cryogenic Valve Market Revenues & Volume Share, By Gas, 2021 & 2031F |
3.6 India Cryogenic Valve Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 India Cryogenic Valve Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 India Cryogenic Valve Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for cryogenic valves in the healthcare sector for applications such as MRI machines and cryosurgery. |
4.2.2 Growing adoption of liquefied natural gas (LNG) as a cleaner fuel alternative driving the demand for cryogenic valves in the energy sector. |
4.2.3 Rising investments in infrastructure development, particularly in the industrial and manufacturing sectors, leading to increased demand for cryogenic valves. |
4.3 Market Restraints |
4.3.1 High initial costs associated with cryogenic valves and the requirement for specialized materials and manufacturing processes. |
4.3.2 Limited expertise and technical know-how in handling cryogenic valves, leading to potential safety concerns and operational challenges. |
5 India Cryogenic Valve Market Trends |
6 India Cryogenic Valve Market, By Types |
6.1 India Cryogenic Valve Market, By Gas |
6.1.1 Overview and Analysis |
6.1.2 India Cryogenic Valve Market Revenues & Volume, By Gas, 2021-2031F |
6.1.3 India Cryogenic Valve Market Revenues & Volume, By LNG, 2021-2031F |
6.1.4 India Cryogenic Valve Market Revenues & Volume, By Oxygen, 2021-2031F |
6.1.5 India Cryogenic Valve Market Revenues & Volume, By Nitrogen, 2021-2031F |
6.2 India Cryogenic Valve Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 India Cryogenic Valve Market Revenues & Volume, By Globe, 2021-2031F |
6.2.3 India Cryogenic Valve Market Revenues & Volume, By Gate, 2021-2031F |
6.2.4 India Cryogenic Valve Market Revenues & Volume, By Ball, 2021-2031F |
6.3 India Cryogenic Valve Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 India Cryogenic Valve Market Revenues & Volume, By Energy & Power, 2021-2031F |
6.3.3 India Cryogenic Valve Market Revenues & Volume, By Food, 2021-2031F |
6.3.4 India Cryogenic Valve Market Revenues & Volume, By Chemicals, 2021-2031F |
7 India Cryogenic Valve Market Import-Export Trade Statistics |
7.1 India Cryogenic Valve Market Export to Major Countries |
7.2 India Cryogenic Valve Market Imports from Major Countries |
8 India Cryogenic Valve Market Key Performance Indicators |
8.1 Number of new healthcare facility constructions or expansions utilizing cryogenic valves. |
8.2 Growth in the LNG market share in India and the corresponding increase in demand for cryogenic valves. |
8.3 Percentage of industrial projects incorporating cryogenic valve technology for efficient operations. |
9 India Cryogenic Valve Market - Opportunity Assessment |
9.1 India Cryogenic Valve Market Opportunity Assessment, By Gas, 2021 & 2031F |
9.2 India Cryogenic Valve Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 India Cryogenic Valve Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 India Cryogenic Valve Market - Competitive Landscape |
10.1 India Cryogenic Valve Market Revenue Share, By Companies, 2024 |
10.2 India Cryogenic Valve Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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