Product Code: ETC8838928 | Publication Date: Sep 2024 | Updated Date: Jun 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The cryogenic valves market supports LNG, industrial gases, and medical oxygen industries. With increasing demand for liquefied gases, especially in healthcare and energy sectors, this market is growing. Imports dominate, but rising focus on safety and specialized applications boosts demand.
Cryogenic valves are witnessing increasing demand across healthcare, LNG, and research sectors. The push towards gas-based energy and improved cold chain infrastructure is boosting market opportunities for advanced valve technologies.
Demand is limited by the small size of sectors requiring cryogenic equipment. High import dependence, volatile currency exchange, and stringent international standards drive up costs. Additionally, there is a lack of local expertise in installation, maintenance, and certification of cryogenic valves, hindering market growth.
Cryogenic valves are crucial components in controlling flow in LNG, industrial gases, and scientific research applications. Investment in distributing high-integrity valves or servicing cryogenic equipment offers promising prospects, especially as the country develops LNG terminals and expands its healthcare infrastructure.
The regulation of cryogenic valves in the Philippines falls under the jurisdiction of both the Department of Trade and Industry (DTI) and the Department of Energy (DOE), depending on the application. These valves are widely used in sectors such as LNG (liquefied natural gas), industrial gases, and healthcare. For industrial applications, the DOE ensures compliance with pressure and safety standards under energy infrastructure regulations. If used in medical or pharmaceutical settings, the Food and Drug Administration (FDA) also oversees approval under medical device classification. Local and foreign manufacturers must meet the Philippine National Standards (PNS) for material quality and safety. Importers are required to comply with the Bureau of Customs and product registration protocols. There is also growing government emphasis on energy infrastructure upgrades, which supports demand and encourages local manufacturing through BOI tax incentives.
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 Philippines Cryogenic Valves Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Cryogenic Valves Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Cryogenic Valves Market - Industry Life Cycle |
3.4 Philippines Cryogenic Valves Market - Porter's Five Forces |
3.5 Philippines Cryogenic Valves Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Philippines Cryogenic Valves Market Revenues & Volume Share, By Gas, 2021 & 2031F |
3.7 Philippines Cryogenic Valves Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Philippines Cryogenic Valves Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Cryogenic Valves Market Trends |
6 Philippines Cryogenic Valves Market, By Types |
6.1 Philippines Cryogenic Valves Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Cryogenic Valves Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Philippines Cryogenic Valves Market Revenues & Volume, By Ball Valve, 2021- 2031F |
6.1.4 Philippines Cryogenic Valves Market Revenues & Volume, By Check Valve, 2021- 2031F |
6.1.5 Philippines Cryogenic Valves Market Revenues & Volume, By Gate Valve, 2021- 2031F |
6.1.6 Philippines Cryogenic Valves Market Revenues & Volume, By Globe Valve, 2021- 2031F |
6.1.7 Philippines Cryogenic Valves Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Philippines Cryogenic Valves Market, By Gas |
6.2.1 Overview and Analysis |
6.2.2 Philippines Cryogenic Valves Market Revenues & Volume, By Liquid Nitrogen, 2021- 2031F |
6.2.3 Philippines Cryogenic Valves Market Revenues & Volume, By Liquid Helium, 2021- 2031F |
6.2.4 Philippines Cryogenic Valves Market Revenues & Volume, By Hydrogen, 2021- 2031F |
6.2.5 Philippines Cryogenic Valves Market Revenues & Volume, By Oxygen, 2021- 2031F |
6.2.6 Philippines Cryogenic Valves Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Philippines Cryogenic Valves Market, By End-user Industry |
6.3.1 Overview and Analysis |
6.3.2 Philippines Cryogenic Valves Market Revenues & Volume, By Chemicals, 2021- 2031F |
6.3.3 Philippines Cryogenic Valves Market Revenues & Volume, By Oil and Gas, 2021- 2031F |
6.3.4 Philippines Cryogenic Valves Market Revenues & Volume, By Energy and Power, 2021- 2031F |
6.3.5 Philippines Cryogenic Valves Market Revenues & Volume, By Food and Beverage, 2021- 2031F |
6.3.6 Philippines Cryogenic Valves Market Revenues & Volume, By Medical, 2021- 2031F |
6.3.7 Philippines Cryogenic Valves Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Cryogenic Valves Market Import-Export Trade Statistics |
7.1 Philippines Cryogenic Valves Market Export to Major Countries |
7.2 Philippines Cryogenic Valves Market Imports from Major Countries |
8 Philippines Cryogenic Valves Market Key Performance Indicators |
9 Philippines Cryogenic Valves Market - Opportunity Assessment |
9.1 Philippines Cryogenic Valves Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Philippines Cryogenic Valves Market Opportunity Assessment, By Gas, 2021 & 2031F |
9.3 Philippines Cryogenic Valves Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Philippines Cryogenic Valves Market - Competitive Landscape |
10.1 Philippines Cryogenic Valves Market Revenue Share, By Companies, 2024 |
10.2 Philippines Cryogenic Valves Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |