"Comprehensive Outlook on Executive Summary Cryogenic Safety Valve Market Size and Share

Global cryogenic safety valve market was valued at USD 3,782.30 million in 2021 and is expected to reach USD 7591.96 million by 2029, registering a CAGR of 9.10% during the forecast period of 2022-2029.

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Cryogenic Safety Valve Industry Snapshot

• Segments*
• Based on type, the cryogenic safety valve market can be segmented into cryogenic safety relief valves and cryogenic safety control valves. Cryogenic safety relief valves are designed to automatically open and relieve excess pressure in cryogenic systems, ensuring the safety of the equipment and personnel. On the other hand, cryogenic safety control valves are used to regulate the flow of cryogenic fluids within a system, offering precise control over pressure and temperature.
• By material, the market can be categorized into stainless steel, brass, and others. Stainless steel cryogenic safety valves are highly preferred in applications where corrosion resistance and durability are essential. Brass valves are known for their excellent thermal conductivity and are often chosen for specific cryogenic applications.
• In terms of end-users, the cryogenic safety valve market can be divided into industrial, healthcare, energy & power, and others. The industrial sector holds a significant share in the market as cryogenic processes are widely used in industrial applications such as oil & gas, chemical, and food processing. The healthcare sector also utilizes cryogenic safety valves in medical devices and equipment where cryogenic temperatures are required.
• Market Players*
• Flowserve Corporation
• Cameron, a Schlumberger Company
• Emerson Electric Co.
• Valvitalia S.p.A.
• Samson Controls Inc.
• Velan Inc.
• L&T Valves Limited
• Leser GmbH & Co. KG
• Curtiss-Wright Corporation