Cryogenic Control Valve Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Type (Globe Valve, Ball Valve, Butterfly Valve), By Application (LNG (Liquefied Natural Gas), Chemicals, Healthcare (Medical Gases), Aerospace, Energy & Power and Others), By Region, By Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 40.82 Billion
CAGR (2026-2031)	6.19%
Fastest Growing Segment	Globe Valve
Largest Market	North America
Market Size (2031)	USD 58.53 Billion

Market Overview

The Global Cryogenic Control Valve Market is projected to grow from USD 40.82 Billion in 2025 to USD 58.53 Billion by 2031 at a 6.19% CAGR. Cryogenic control valves are specialized flow regulation devices engineered to operate reliably at extremely low temperatures and are typically utilized to manage liquefied gases such as natural gas, oxygen, and nitrogen. The market is primarily propelled by the robust expansion of global LNG infrastructure and the increasing necessity for industrial gases within the healthcare and electronics sectors. Additionally, the global energy transition has accelerated the development of clean energy projects and this further cements the demand for durable valve solutions capable of withstanding cryogenic conditions without failure.

Despite these positive indicators, the market faces a significant challenge regarding the high manufacturing expenses associated with specialized materials required to prevent leakage or structural failure. This capital intensity often impedes project approvals in developing regions where initial investments are scrutinized. Highlighting the scale of the sector driving this demand, according to the International Gas Union in 2025, global liquefied natural gas trade grew by 2.4% in 2024 to reach a total of 411.24 million tonnes. This expansion in trade volume directly correlates with the sustained requirement for reliable cryogenic valve installations across the supply chain.

Key Market Drivers

The expansion of LNG liquefaction and regasification infrastructure serves as a primary catalyst for the cryogenic control valve market, driven by the geopolitical imperative to secure diverse energy supplies. As nations rapidly construct new terminals to import or export natural gas, there is a critical requirement for specialized piping networks fitted with valves capable of operating at temperatures as low as -162°C. These components are essential for process isolation and flow modulation during the phase change from gas to liquid and back, making them indispensable to the supply chain. Illustrating the scale of this physical build-out, according to the U.S. Energy Information Administration, January 2025, in the 'Short-Term Energy Outlook', U.S. LNG exports are forecast to average 14.1 billion cubic feet per day in 2025, a significant increase necessitating extensive new valve installations. This infrastructure boom is further supported by broader market dynamics; according to the International Energy Agency, April 2025, in the 'Global Energy Review 2025', global natural gas demand increased by 2.7% in 2024, reinforcing the need for expanded capacity.

Simultaneously, surging investments in Floating Liquefied Natural Gas (FLNG) projects are creating high-value procurement channels for valve manufacturers. Unlike onshore plants, FLNG vessels require compact, high-performance valves that can withstand severe marine motion and corrosive environments while maintaining strict cryogenic integrity. This specific application drives innovation in valve design to minimize weight and footprint, commanding premium pricing and encouraging capital allocation toward advanced engineering. The financial viability of this sector continues to attract significant attention; according to TotalEnergies, February 2025, in the 'Fourth Quarter 2024 Results', the company reported that its integrated LNG division earnings rose to 1.4 billion USD, highlighting the robust profitability that incentivizes continued investment in complex offshore cryogenic projects.

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Key Market Challenges

The primary challenge hampering the growth of the Global Cryogenic Control Valve Market is the substantial capital intensity driven by the high manufacturing expenses of specialized components. Cryogenic applications demand valves capable of operating at sub-zero temperatures, which necessitates the use of premium materials such as austenitic stainless steel and high-grade alloys to ensure structural integrity and leak prevention. The procurement and precision machining of these materials significantly inflate production costs, resulting in a higher final price point for end-users. This price escalation directly impacts the capital expenditure (CAPEX) required for large-scale energy and industrial gas projects, creating a barrier to entry for budget-sensitive developments.

In developing regions, where project viability often hinges on strict financial constraints, these elevated costs can lead to the postponement or cancellation of infrastructure expansion. The inability to secure affordable, high-quality valve solutions forces delays in Final Investment Decisions (FIDs), effectively slowing market penetration in key growth areas. This sensitivity to economic pressure is evident in recent industry performance metrics. According to the German Valve Manufacturers' Association (VDMA), in the first half of 2025, exports of industrial valves to China, a major market for infrastructure development, declined by 7.7% to reach 310.8 million euros. Such contraction highlights how high cost structures and economic hurdles can impede trade flow and restrict the adoption of essential valve technologies in vital emerging markets.

Key Market Trends

The development of specialized valves for liquid hydrogen infrastructure has emerged as a critical trend, distinct from the established natural gas sector. As the industry moves toward deeper decarbonization, manufacturers are engineering cryogenic valves capable of withstanding the extreme temperature of -253°C, which is significantly lower than the -162°C required for LNG. This shift demands novel metallurgy to combat hydrogen embrittlement and advanced sealing technologies to prevent the leakage of the ultra-small hydrogen molecule. The momentum behind this technical evolution is supported by a surge in committed infrastructure projects. According to the Hydrogen Council, September 2024, in 'Hydrogen Insights 2024', the global pipeline of clean hydrogen projects that have reached a final investment decision expanded significantly to 434 projects, representing a total committed capital of 75 billion USD.

Concurrently, the integration of IIoT and smart diagnostic sensors is transforming cryogenic valves from passive mechanical devices into intelligent asset management tools. Operators are increasingly mandating valves equipped with embedded sensors that monitor performance metrics such as seal integrity, actuator friction, and vibration in real-time. This digitalization enables predictive maintenance strategies that reduce costly unplanned downtime in continuous-process plants, shifting the value proposition from simple flow control to operational optimization. The commercial traction of this digital shift is evident in recent manufacturer performance; according to Flowserve, February 2025, in the '2024 Annual Report', bookings attributed to the company’s strategic pillars, which include digitization and decarbonization, grew to represent 30% of its total bookings for the year.

Segmental Insights

The Globe Valve segment is emerging as the fastest-growing category in the Global Cryogenic Control Valve Market, primarily driven by the expanding Liquefied Natural Gas and pharmaceutical sectors. Industry preference is shifting toward these valves due to their exceptional throttling capabilities, which ensure precise flow regulation in extreme low-temperature environments. Unlike other designs, globe valves provide superior sealing and resilience against thermal cycling, essential for maintaining integrity in high-pressure systems. Additionally, their compatibility with rigorous safety protocols from the International Organization for Standardization supports their widespread adoption in critical liquefaction and regasification facilities.

Regional Insights

North America maintains a dominant position in the global cryogenic control valve market due to the robust expansion of the liquefied natural gas sector, particularly in the United States. The region has seen significant investment in shale gas exploration and the construction of liquefaction terminals to meet export demands. This growth is reinforced by favorable policies from the U.S. Department of Energy regarding natural gas exports, which encourage infrastructure development. Consequently, the need for reliable flow control equipment in cryogenic processing and transport applications continues to drive regional market expansion.

Recent Developments

• In December 2025, Valmet entered into an agreement to acquire Severn Group, a global provider of severe service valve solutions, to strengthen its market position. The transaction, valued at approximately $480 million, included the acquisition of Severn Glocon and ValvTechnologies, both of which are recognized for their expertise in cryogenic and high-demand applications. This strategic move was intended to significantly expand the company's product portfolio and presence in the energy, petrochemical, and industrial gas sectors. The integration of these established brands was expected to enhance the acquirer's ability to deliver mission-critical flow control solutions to customers worldwide.
• In October 2025, Parker Hannifin introduced a new range of Cryogenic Proportional Relief Valves specifically developed for hydrogen storage tanks and other Group 1 gas systems. The valves were designed to enhance safety and efficiency by providing gradual pressure release, which effectively manages boil-off gas and prevents overpressure events in critical infrastructure. Featuring a balanced bellow design, the components ensured consistent performance even under fluctuating back pressures and offered high accuracy in set pressure limits. This innovation reflected the company's strategy to deliver robust protection solutions for the rapidly expanding clean energy and cryogenic markets.
• In February 2025, Flowserve Corporation launched the Worcester Cryogenic series of floating ball valves, designed to address the critical requirements of the liquefied natural gas, hydrogen, and industrial gas sectors. The new product line included three-piece and flanged configurations, engineered to provide reliable fugitive emissions control and operational integrity in extreme low-temperature environments. These valves featured a high-strength stem and an improved live-loaded stem seal, ensuring compliance with stringent industry standards. The release highlighted the company's focus on supporting the global energy transition with specialized flow control solutions specifically optimized for demanding cryogenic applications.
• In December 2024, KITZ Corporation inaugurated a new manufacturing facility in Vinh Phuc province, Vietnam, marking its first production plant in the country. The factory, representing an investment of approximately $25 million, was established to produce stainless steel valves with an initial annual capacity of 95,000 units. This strategic expansion aimed to strengthen the company's global supply chain and meet the increasing demand for high-quality industrial valves in the Southeast Asian market. The facility was located in the Thang Long Vinh Phuc Industrial Park and underscored the manufacturer's commitment to enhancing its production capabilities for diverse applications, including those in the energy sector.

Key Market Players

• Emerson Electric Co.
• Flowserve Corporation
• Crane Corporation
• Pentair plc
• Metso Corporation
• IMI plc
• Velan Inc.
• KITZ Corporation
• Baker Hughes Company
• Asahi Glass Co., Ltd.

By Type	By Application	By Region
Globe Valve Ball Valve Butterfly Valve	LNG (Liquefied Natural Gas) Chemicals Healthcare (Medical Gases) Aerospace Energy & Power Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Cryogenic Control Valve Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Cryogenic Control Valve Market, By Type:

• Globe Valve
• Ball Valve
• Butterfly Valve

• Cryogenic Control Valve Market, By Application:

• LNG (Liquefied Natural Gas)
• Chemicals
• Healthcare (Medical Gases)
• Aerospace
• Energy & Power
• Others

• Cryogenic Control Valve Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE