Cryogenic Valves Market Research Report 2021-2031
The Cryogenic Valves Market is expected to register a CAGR of 5.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The market is segmented into by Gas, Type, End User and Application. The Gas segment is divided into LNG, Oxygen, Nitrogen, Others. Based on Type, the market is segmented into Globe, Gate, Ball, Check Valve, Others. Based on End User, the market is segmented into Energy And Power, Food, Chemicals, Food And Beverage, Healthcare, Others. Based on Application, the market is segmented into Tanks And Cold Boxes, Transfer Lines, Manifolds And Gas Trains, Liquefiers.
Purpose of the ReportThe report Cryogenic Valves Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Cryogenic Valves Market Segmentation
Gas- LNG
- Oxygen
- Nitrogen
- Others
- Globe
- Gate
- Ball
- Check Valve
- Others
- Energy And Power
- Food
- Chemicals
- Food And Beverage
- Healthcare
- Others
- Tanks And Cold Boxes
- Transfer Lines
- Manifolds And Gas Trains
- Liquefiers
- Tanks And Cold Boxes
- Transfer Lines
- Manifolds And Gas Trains
- Liquefiers
Strategic Insights
Cryogenic Valves Market Growth Drivers- Growth of LNG Industry: The growth in the LNG industry is one of the primary drivers for the market for cryogenic valves. With natural gas becoming a much cleaner alternative to coal and oil, there is now a global shift toward LNG production, transportation, and storage. LNG has to be preserved at extremely low temperatures -162°C, making it very essential to have cryogenic valves manage the flow of liquefied gases. These valves are installed in LNG terminals, liquefaction plants, storage tanks, and regasification plants to ensure safe and efficient operations. The increasing demand for LNG, especially in countries in Asia-Pacific, North America, and Europe, is steadily increasing the demand for cryogenic valve solutions.
- Industrial Gas Applications: Another driving factor for the cryogenic valve market is the growing industrial gas demand. Cryogenic valves are used in various applications like storage and transport of gases such as oxygen, nitrogen, argon, and carbon dioxide, all used in healthcare, steel industries, chemicals, and electronic equipment. Increasing demand for higher purity gases in medical and technology applications has created an enormous demand for cryogenic systems. Moreover, cryogenic tank farms and piping systems in such industries require specialized valves to handle the very low temperatures for the maintenance of operational safety and efficiency.
- Advancement in cryogenic technology and safety standards: Advances in cryogenic technology, as well as an imposition of stricter safety and regulations requirements, have become a more prevalent means to increase the demand in the specialized cryogenic valve application. Industries in liquefied gas processing are generally nowadays considered as safety-oriented and an eco-friendly industry as regulations over hazards such as leaks and spills and even accidents is now being up-to-date. With these growing demands for high performance valves in ultra-low temperature stresses that are not reducing the safety requirements, technological improvements within the cryogenic valve's design continue to evolve with innovations on the materials and sealing technology implemented in these valves and through automation that meets the current ever-growing demands for safety standards.
- Trend in Automation and Remote Monitoring: Another of the noteworthy trends of the cryogenic valves market is an upsurge in the use of automated cryogenic valves and remote monitoring systems. There's been an increasing need in recent times for the installation of automation systems that help enhance operations and maintenance in cryogenic valve facilities as a result of smart manufacturing and Industry 4.0. Automation makes it possible to monitor cryogenic systems from a remote location, ensuring efficient and safe operations with minimal human involvement. Remote monitoring systems which record pressure, temperature, and flow rates are being fitted in cryogenic valves in order to improve their performance and prevent failures. This will become even more prevalent as industries pursue increased safety, reduced costs, and improved efficiency.
- Emphasis on Material Innovation and Longevity: Material innovation is the ever-present trend in the cryogenic valve market. Materials used for cryogenic valves must therefore possess strength, durability, and also resistance to temperature extremes. Manufacturers are continually developing improved grades of stainless steels, nickel alloys, and carbon steels to withstand these demanding applications in cryogenic application. These materials should have lower thermal conductivity so that even when working in - minus temperatures, the valve performs with the same reliability. Another major aspect with increasing durability and longer service lives pushes valves into becoming more resistant to erosion, corrosion, or crack and breakage due to mechanical fatigue and this is something many users nowadays are emphasizing: more resilience.
- Technological Innovations: There is a significant opportunity for innovation in cryogenic valve technology. Advancements in materials and design can lead to improved performance, reliability, and efficiency. Manufacturers can explore new materials that withstand extreme temperatures and pressures, enhancing the functionality of cryogenic valves in various applications.
- Growth in Renewable Energy Sector: The increasing focus on renewable energy sources, such as hydrogen production and storage, presents new opportunities for the cryogenic valves market. As hydrogen is often stored and transported in its liquid form at cryogenic temperatures, the demand for specialized valves in this sector is expected to grow, providing a new avenue for market expansion.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Cryogenic Valves Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Cryogenic Valves Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Cryogenic Valves Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Gas (LNG, Oxygen, Nitrogen, Others); Type (Globe, Gate, Ball, Check Valve, Others); End User Industry (Energy And Power, Food, Chemicals, Food And Beverage, Healthcare, Others); Application (Tanks And Cold Boxes, Transfer Lines, Manifolds And Gas Trains, Liquefiers) And , and by Geography (North America, Europe, Asia Pacific, and South and Central America) is estimated to witness a CAGR of 5.1% from 2023 to 2031
The major factors driving the cryogenic valvesmarket are: Increasing Demand for LNG and Cryogenic Applications
Need for continuous maintainance and repair
BAC, Bray, Cryocomp, Emerson, Flowserve, Habonim, Herose, L&T, Parker, Powell Valves
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Cryogenic Valves Market - By Gas
1.3.2 Cryogenic Valves Market - By Type
1.3.3 Cryogenic Valves Market - By End User Industry
1.3.4 Cryogenic Valves Market - By Application
1.3.5 Cryogenic Valves Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CRYOGENIC VALVES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CRYOGENIC VALVES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. CRYOGENIC VALVES MARKET - GLOBAL MARKET ANALYSIS
6.1. CRYOGENIC VALVES - GLOBAL MARKET OVERVIEW
6.2. CRYOGENIC VALVES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CRYOGENIC VALVES MARKET - REVENUE AND FORECASTS TO 2028 - GAS
7.1. OVERVIEW
7.2. GAS MARKET FORECASTS AND ANALYSIS
7.3. LNG
7.3.1. Overview
7.3.2. LNG Market Forecast and Analysis
7.4. OXYGEN
7.4.1. Overview
7.4.2. Oxygen Market Forecast and Analysis
7.5. NITROGEN
7.5.1. Overview
7.5.2. Nitrogen Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. others Market Forecast and Analysis
8. CRYOGENIC VALVES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. GLOBE
8.3.1. Overview
8.3.2. globe Market Forecast and Analysis
8.4. GATE
8.4.1. Overview
8.4.2. gate Market Forecast and Analysis
8.5. BALL
8.5.1. Overview
8.5.2. Ball Market Forecast and Analysis
8.6. CHECK VALVE
8.6.1. Overview
8.6.2. Check valve Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. others Market Forecast and Analysis
9. CRYOGENIC VALVES MARKET - REVENUE AND FORECASTS TO 2028 - END USER INDUSTRY
9.1. OVERVIEW
9.2. END USER INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. ENERGY AND POWER
9.3.1. Overview
9.3.2. Energy and Power Market Forecast and Analysis
9.4. FOOD
9.4.1. Overview
9.4.2. Food Market Forecast and Analysis
9.5. CHEMICALS
9.5.1. Overview
9.5.2. Chemicals Market Forecast and Analysis
9.6. FOOD AND BEVERAGE
9.6.1. Overview
9.6.2. Food and Beverage Market Forecast and Analysis
9.7. HEALTHCARE
9.7.1. Overview
9.7.2. Healthcare Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. CRYOGENIC VALVES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. TANKS AND COLD BOXES
10.3.1. Overview
10.3.2. Tanks and Cold Boxes Market Forecast and Analysis
10.4. TRANSFER LINES
10.4.1. Overview
10.4.2. Transfer Lines Market Forecast and Analysis
10.5. MANIFOLDS AND GAS TRAINS
10.5.1. Overview
10.5.2. Manifolds and Gas Trains Market Forecast and Analysis
10.6. LIQUEFIERS
10.6.1. Overview
10.6.2. Liquefiers Market Forecast and Analysis
11. CRYOGENIC VALVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Cryogenic Valves Market Overview
11.1.2 North America Cryogenic Valves Market Forecasts and Analysis
11.1.3 North America Cryogenic Valves Market Forecasts and Analysis - By Gas
11.1.4 North America Cryogenic Valves Market Forecasts and Analysis - By Type
11.1.5 North America Cryogenic Valves Market Forecasts and Analysis - By End User Industry
11.1.6 North America Cryogenic Valves Market Forecasts and Analysis - By Application
11.1.7 North America Cryogenic Valves Market Forecasts and Analysis - By Countries
11.1.7.1 Canada Cryogenic Valves Market
11.1.7.1.1 Canada Cryogenic Valves Market by Gas
11.1.7.1.2 Canada Cryogenic Valves Market by Type
11.1.7.1.3 Canada Cryogenic Valves Market by End User Industry
11.1.7.1.4 Canada Cryogenic Valves Market by Application
11.1.7.2 Mexico Cryogenic Valves Market
11.1.7.2.1 Mexico Cryogenic Valves Market by Gas
11.1.7.2.2 Mexico Cryogenic Valves Market by Type
11.1.7.2.3 Mexico Cryogenic Valves Market by End User Industry
11.1.7.2.4 Mexico Cryogenic Valves Market by Application
11.1.7.3 US Cryogenic Valves Market
11.1.7.3.1 US Cryogenic Valves Market by Gas
11.1.7.3.2 US Cryogenic Valves Market by Type
11.1.7.3.3 US Cryogenic Valves Market by End User Industry
11.1.7.3.4 US Cryogenic Valves Market by Application
11.2. EUROPE
11.2.1 Europe Cryogenic Valves Market Overview
11.2.2 Europe Cryogenic Valves Market Forecasts and Analysis
11.2.3 Europe Cryogenic Valves Market Forecasts and Analysis - By Gas
11.2.4 Europe Cryogenic Valves Market Forecasts and Analysis - By Type
11.2.5 Europe Cryogenic Valves Market Forecasts and Analysis - By End User Industry
11.2.6 Europe Cryogenic Valves Market Forecasts and Analysis - By Application
11.2.7 Europe Cryogenic Valves Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Cryogenic Valves Market
11.2.7.1.1 Germany Cryogenic Valves Market by Gas
11.2.7.1.2 Germany Cryogenic Valves Market by Type
11.2.7.1.3 Germany Cryogenic Valves Market by End User Industry
11.2.7.1.4 Germany Cryogenic Valves Market by Application
11.2.7.2 France Cryogenic Valves Market
11.2.7.2.1 France Cryogenic Valves Market by Gas
11.2.7.2.2 France Cryogenic Valves Market by Type
11.2.7.2.3 France Cryogenic Valves Market by End User Industry
11.2.7.2.4 France Cryogenic Valves Market by Application
11.2.7.3 Italy Cryogenic Valves Market
11.2.7.3.1 Italy Cryogenic Valves Market by Gas
11.2.7.3.2 Italy Cryogenic Valves Market by Type
11.2.7.3.3 Italy Cryogenic Valves Market by End User Industry
11.2.7.3.4 Italy Cryogenic Valves Market by Application
11.2.7.4 United Kingdom Cryogenic Valves Market
11.2.7.4.1 United Kingdom Cryogenic Valves Market by Gas
11.2.7.4.2 United Kingdom Cryogenic Valves Market by Type
11.2.7.4.3 United Kingdom Cryogenic Valves Market by End User Industry
11.2.7.4.4 United Kingdom Cryogenic Valves Market by Application
11.2.7.5 Russia Cryogenic Valves Market
11.2.7.5.1 Russia Cryogenic Valves Market by Gas
11.2.7.5.2 Russia Cryogenic Valves Market by Type
11.2.7.5.3 Russia Cryogenic Valves Market by End User Industry
11.2.7.5.4 Russia Cryogenic Valves Market by Application
11.2.7.6 Rest of Europe Cryogenic Valves Market
11.2.7.6.1 Rest of Europe Cryogenic Valves Market by Gas
11.2.7.6.2 Rest of Europe Cryogenic Valves Market by Type
11.2.7.6.3 Rest of Europe Cryogenic Valves Market by End User Industry
11.2.7.6.4 Rest of Europe Cryogenic Valves Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Cryogenic Valves Market Overview
11.3.2 Asia-Pacific Cryogenic Valves Market Forecasts and Analysis
11.3.3 Asia-Pacific Cryogenic Valves Market Forecasts and Analysis - By Gas
11.3.4 Asia-Pacific Cryogenic Valves Market Forecasts and Analysis - By Type
11.3.5 Asia-Pacific Cryogenic Valves Market Forecasts and Analysis - By End User Industry
11.3.6 Asia-Pacific Cryogenic Valves Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Cryogenic Valves Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Cryogenic Valves Market
11.3.7.1.1 Australia Cryogenic Valves Market by Gas
11.3.7.1.2 Australia Cryogenic Valves Market by Type
11.3.7.1.3 Australia Cryogenic Valves Market by End User Industry
11.3.7.1.4 Australia Cryogenic Valves Market by Application
11.3.7.2 China Cryogenic Valves Market
11.3.7.2.1 China Cryogenic Valves Market by Gas
11.3.7.2.2 China Cryogenic Valves Market by Type
11.3.7.2.3 China Cryogenic Valves Market by End User Industry
11.3.7.2.4 China Cryogenic Valves Market by Application
11.3.7.3 India Cryogenic Valves Market
11.3.7.3.1 India Cryogenic Valves Market by Gas
11.3.7.3.2 India Cryogenic Valves Market by Type
11.3.7.3.3 India Cryogenic Valves Market by End User Industry
11.3.7.3.4 India Cryogenic Valves Market by Application
11.3.7.4 Japan Cryogenic Valves Market
11.3.7.4.1 Japan Cryogenic Valves Market by Gas
11.3.7.4.2 Japan Cryogenic Valves Market by Type
11.3.7.4.3 Japan Cryogenic Valves Market by End User Industry
11.3.7.4.4 Japan Cryogenic Valves Market by Application
11.3.7.5 South Korea Cryogenic Valves Market
11.3.7.5.1 South Korea Cryogenic Valves Market by Gas
11.3.7.5.2 South Korea Cryogenic Valves Market by Type
11.3.7.5.3 South Korea Cryogenic Valves Market by End User Industry
11.3.7.5.4 South Korea Cryogenic Valves Market by Application
11.3.7.6 Rest of Asia-Pacific Cryogenic Valves Market
11.3.7.6.1 Rest of Asia-Pacific Cryogenic Valves Market by Gas
11.3.7.6.2 Rest of Asia-Pacific Cryogenic Valves Market by Type
11.3.7.6.3 Rest of Asia-Pacific Cryogenic Valves Market by End User Industry
11.3.7.6.4 Rest of Asia-Pacific Cryogenic Valves Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Cryogenic Valves Market Overview
11.4.2 Middle East and Africa Cryogenic Valves Market Forecasts and Analysis
11.4.3 Middle East and Africa Cryogenic Valves Market Forecasts and Analysis - By Gas
11.4.4 Middle East and Africa Cryogenic Valves Market Forecasts and Analysis - By Type
11.4.5 Middle East and Africa Cryogenic Valves Market Forecasts and Analysis - By End User Industry
11.4.6 Middle East and Africa Cryogenic Valves Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Cryogenic Valves Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Cryogenic Valves Market
11.4.7.1.1 South Africa Cryogenic Valves Market by Gas
11.4.7.1.2 South Africa Cryogenic Valves Market by Type
11.4.7.1.3 South Africa Cryogenic Valves Market by End User Industry
11.4.7.1.4 South Africa Cryogenic Valves Market by Application
11.4.7.2 Saudi Arabia Cryogenic Valves Market
11.4.7.2.1 Saudi Arabia Cryogenic Valves Market by Gas
11.4.7.2.2 Saudi Arabia Cryogenic Valves Market by Type
11.4.7.2.3 Saudi Arabia Cryogenic Valves Market by End User Industry
11.4.7.2.4 Saudi Arabia Cryogenic Valves Market by Application
11.4.7.3 U.A.E Cryogenic Valves Market
11.4.7.3.1 U.A.E Cryogenic Valves Market by Gas
11.4.7.3.2 U.A.E Cryogenic Valves Market by Type
11.4.7.3.3 U.A.E Cryogenic Valves Market by End User Industry
11.4.7.3.4 U.A.E Cryogenic Valves Market by Application
11.4.7.4 Rest of Middle East and Africa Cryogenic Valves Market
11.4.7.4.1 Rest of Middle East and Africa Cryogenic Valves Market by Gas
11.4.7.4.2 Rest of Middle East and Africa Cryogenic Valves Market by Type
11.4.7.4.3 Rest of Middle East and Africa Cryogenic Valves Market by End User Industry
11.4.7.4.4 Rest of Middle East and Africa Cryogenic Valves Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Cryogenic Valves Market Overview
11.5.2 South and Central America Cryogenic Valves Market Forecasts and Analysis
11.5.3 South and Central America Cryogenic Valves Market Forecasts and Analysis - By Gas
11.5.4 South and Central America Cryogenic Valves Market Forecasts and Analysis - By Type
11.5.5 South and Central America Cryogenic Valves Market Forecasts and Analysis - By End User Industry
11.5.6 South and Central America Cryogenic Valves Market Forecasts and Analysis - By Application
11.5.7 South and Central America Cryogenic Valves Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Cryogenic Valves Market
11.5.7.1.1 Brazil Cryogenic Valves Market by Gas
11.5.7.1.2 Brazil Cryogenic Valves Market by Type
11.5.7.1.3 Brazil Cryogenic Valves Market by End User Industry
11.5.7.1.4 Brazil Cryogenic Valves Market by Application
11.5.7.2 Argentina Cryogenic Valves Market
11.5.7.2.1 Argentina Cryogenic Valves Market by Gas
11.5.7.2.2 Argentina Cryogenic Valves Market by Type
11.5.7.2.3 Argentina Cryogenic Valves Market by End User Industry
11.5.7.2.4 Argentina Cryogenic Valves Market by Application
11.5.7.3 Rest of South and Central America Cryogenic Valves Market
11.5.7.3.1 Rest of South and Central America Cryogenic Valves Market by Gas
11.5.7.3.2 Rest of South and Central America Cryogenic Valves Market by Type
11.5.7.3.3 Rest of South and Central America Cryogenic Valves Market by End User Industry
11.5.7.3.4 Rest of South and Central America Cryogenic Valves Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. CRYOGENIC VALVES MARKET, KEY COMPANY PROFILES
13.1. BAC
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BRAY
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CRYOCOMP
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. EMERSON
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. FLOWSERVE
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. HABONIM
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. HEROSE
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. L AND T
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. PARKER
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. POWELL VALVES
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1.BAC
2.Bray
3.Cryocomp
4.Emerson
5.Flowserve
6.Habonim
7.Herose
8.L and T
9.Parker
10.Powell Valves
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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