North America Cryogenic Valve Market Outlook, 2025-2035
The North America cryogenic valve market is witnessing significant growth driven by expanding LNG infrastructure, rising industrial gas demand, and increasing adoption across various industries such as food & beverage, petrochemicals, and hydrogen. These valves ensure the safe and efficient handling of extremely low-temperature fluids, vital for operational integrity across applications. Technological advancements, stringent regulations, and a shift toward automation are shaping the competitive landscape, while strategic investments by key players foster innovation and capacity expansion. The market is poised for rapid growth, supported by increased investments in energy transition and sustainability initiatives, particularly in the United States and Canada.
Latest Market Dynamics
Key Drivers
Rising investments in LNG infrastructure in the United States, propelled by export demand and decarbonization trends, drive the demand for cryogenic valves. In June 2024,
secured a major LNG valve automation contract, bolstering its North America presence.
Increased adoption of hydrogen as a clean energy source is accelerating cryogenic valve requirements, especially in transportation and fuel cell sectors. In July 2024, Flowserve Corporation partnered with a leading hydrogen refueling solution provider to supply advanced cryogenic valves.
Key Trends
Growing integration of smart valve technologies, including IoT based real-time monitoring, is enhancing operational efficiency and reducing downtime. Parker Hannifin Corporation launched its new line of IoT-enabled cryogenic valves in August 2024.
Sustainable manufacturing practices and recyclable materials are gaining traction. HEROSE GmbH introduced eco-friendly valve designs to minimize environmental impact in June 2024.
Key Opportunities
Expansion of LNG export terminals in Mexico and Canada presents significant growth opportunities for cryogenic valve manufacturers by 2025. Velan Inc. recently announced the supply of valves to a new LNG terminal project in Mexico (September 2024).
Rising investments in green hydrogen infrastructure across North America are opening doors for cryogenic valve specialists. Cryostar SAS collaborated with a major utility for hydrogen pipeline projects in July 2024.
Key Challenges
Complex regulatory compliance across different North American jurisdictions can delay project timelines and increase costs. In June 2024, BAC Valves faced a regulatory hurdle related to safety standards for a U.S. LNG project.
Supply chain disruptions, highlighted by recent logistics slowdowns, pose material sourcing challenges. Emerson Electric Co. cited a temporary delay in valve deliveries due to steel shortages in August 2024.
Key Restraints
High initial costs of advanced cryogenic valve technologies can deter small and medium-sized enterprises from upgrading legacy systems. In July 2024, several SMEs reported delayed procurement due to financial strain.
Technical complexity and maintenance requirements for sophisticated automation in cryogenic valves necessitate specialized workforce. L&T Valves addressed skill gaps through targeted training initiatives in September 2024.
The cryogenic valve market in North America, segmented by valve type for 2025, is led by Ball Valves, capturing the largest market share owing to their versatility and reliability in LNG and industrial applications. Gate Valves and Globe Valves follow, favored for their precise flow control and suitability across a range of processes. Butterfly Valves, Check Valves, and other specialty valves collectively form a significant portion, catering to niche demands and specific operational requirements in chemical, food, and hydrogen segments. The market reflects a trend toward advanced and highly automated valves, especially in large-scale projects, as end users seek greater efficiency and safety.
In 2025, the Liquefied Natural Gas (LNG) segment dominates the North America cryogenic valve market, accounting for a major share due to robust investments and export projects. Industrial Gases hold a significant presence, propelled by ongoing demand from medical, manufacturing, and electronics sectors. Hydrogen applications are rapidly climbing as clean energy transitions accelerate, while Petrochemical and Food & Beverage use cases maintain steady contributions. The 'Others' segment, encompassing pharmaceuticals and specialty applications, represents a niche yet innovative area with emerging opportunities. This composition mirrors the broader industrial modernization and sustainability goals in the region.
North America Cryogenic Valve Market Revenue Forecast (USD Million), 2020-2035
The North America cryogenic valve market is set for steady expansion, with total revenue expected to climb from $1,000 million in 2020 to $2,150 million by 2035. Accelerated growth is observed post-2025, coinciding with increased investments in energy infrastructure, hydrogen economy advancements, and LNG export capacity. Both the United States and Canada witness surging demand from industrial and clean energy sectors, while Mexico emerges as an attractive market due to new project pipelines. The revenue trend highlights the market's resilience and adaptability amid evolving technological and environmental requirements.
Year-over-year growth rates in North America's cryogenic valve market demonstrate a robust and sustained upward trajectory, averaging 5.8% annually through 2035. The YOY increase peaks at 6.2% in the mid-2020s, driven by project kick-offs and major application expansions in energy transition sectors. Growth rates then moderate but remain strong toward 2035, reflecting a stable market bolstered by both legacy and emerging demand drivers.
The United States commands the majority of the North America cryogenic valve market, owing to its extensive LNG infrastructure, mature industrial landscape, and proactive investment in hydrogen projects. Canada follows, supported by increasing LNG and industrial gas activities, while Mexico exhibits notable growth potential attributed to new energy projects and trade policies. The regional breakdown illustrates strategic resource allocation and market prioritization by major suppliers and buyers.
Emerson Electric Co. leads the competitive landscape in North America, followed by Flowserve Corporation and Parker Hannifin Corporation. Other significant contributors include HEROSE GmbH, Velan Inc., and Cryostar SAS, all leveraging innovation, strategic projects, and partnerships to expand market reach. The industry is characterized by a blend of global giants and specialized players, each focusing on product differentiation, service excellence, and technological advancements.
Major buyers of cryogenic valves in North America include LNG plant operators, industrial gas suppliers, petrochemical companies, and rapidly-growing hydrogen fuel solution providers. The LNG sector constitutes the largest share due to ongoing infrastructure investments. This is followed by industrial gas entities and petrochemical organizations that rely on high-performance valves for safety and efficiency. Hydrogen-focused buyers are expanding quickly, reflecting the region’s green energy ambitions.
Study Coverage
Metrics
Details
Years
2020-2035
Base Year
2025
Market Size
Revenue (USD Million)
Regions
United States, Canada, Mexico
Segments
By Type (Globe Valve, Gate Valve, Ball Valve, Butterfly Valve, Check Valve, Others), By Application (Liquefied Natural Gas, Industrial Gases, Hydrogen, Petrochemical, Food & Beverage, Others), By Distribution Channels (Direct Sales, Distributors/Wholesalers, Online, OEMs, System Integrators, Others), By Technology (Manual, Pneumatic, Electric, Hydraulic, Solenoid, Others), By Organization Size (Small, Medium, Large)
September 2024: Velan Inc. delivers critical valves for new LNG terminal in Mexico, supporting project expansion.
July 2024: Cryostar SAS collaborates with major utility for regional hydrogen infrastructure build-out.
Frequently Asked Questions
About the Author
Manisha C
Lead Industry Analyst
Manisha C is a Lead Industry Analyst specializing in market research, industry analysis, and business consulting across Energy & Power. Manisha C brings a commercially grounded perspective to sectors shaped by changing demand, innovation, and competitive dynamics, helping turn complex market trends into clear strategic insights for business decision-makers. With 10+ years of experience across research, analytics, and strategic advisory roles, Manisha C has helped organizations translate data into actionable growth strategies.
Energy & PowerMarket ResearchIndustry AnalysisStrategic Consulting
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