South America Cryogenic Control Valve Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Globe Control Valves, Ball Control Valves, Butterfly Control Valves, and Others), and Application (Power Generation, Oil and Gas, Food and Beverages, and Others)

Code: TIPRE00024794 | Pages: 102 | Industry: Manufacturing and Construction | Date: Sep 2021
Covid

Market Introduction

SAM consists of Brazil, Argentina, and Rest of SAM. The Rest of SAM comprises Chile, Colombia, Guatemala, and Peru. Technological developments have had a direct impact on the economy of Brazil and Argentina, advancing it to a large extent. The consumption of oil & gas in South America is expected to increase in coming years as the region is experiencing rapid urbanization. The rising use of oil & gas would boost the application of cryogenic control valve for storing and transporting gas. SAM countries are attracting huge FDIs, especially in the onshore sector, due to cheap labor availability as well as low entry barriers and interest rates. For instance, Argentina is attracting FDIs by implementing a few strategies such as easing import restrictions, signing international bilateral agreements, and lifting foreign investment restrictions.

Brazil recorded the highest number of COVID-19 cases in SAM, followed by Argentina, Ecuador, Chile, and Peru. The disease outbreak adversely affected the mining and oil & gas sectors in the region. The manufacturing & construction, mining, and oil & gas activities are severely disrupted amid the pandemic, which has subsequently restrained the growth of the cryogenic control valve market in the region. Argentina and Brazil are two prime natural gas producing countries that account for ~40% of the total natural gas production in SAM. These countries witnessed a major decline in their oil & gas-related activities due to the collapsed prices, which further lowered the demand for cryogenic valves in the region. However, economies in SAM have begun recovering gradually since late 2020, and oil & gas companies have started their operations subsequently.


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Market Overview and Dynamics

The cryogenic control valve market in SAM is expected to grow from US$ 132.04 million in 2021 to US$ 184.28 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028. For the production of oxygen, cryogenic valves are used in air separation plants on a large scale. Growing requirement of oxygen in recent times is also a driving factor contributing toward the growth of the cryogenic control valves market. Various types of cryogenic valves required for the gas industry are gate valve, check valve, globe valve, lift check valve, ball valve, pinch valve, stop check valve, butterfly valve, tilting-disc check valve, plug valve, diaphragm valve, safety valve, and pressure relief valve. With the rise in requirement for industrial gases in various industries like chemicals, petrochemicals, steelmaking, mining, environmental protection, metals, medicine, biotechnology, pharmaceuticals etc., demand for mentioned valves is also anticipated to increase considerably.    

Key Market Segments

The SAM cryogenic control valve market is bifurcated on the bases of type, application, and country. The market, based on type, is segmented into globe control valves, ball control valves, butterfly control valves, and others. In 2020, the ball control valves segment accounted for the largest market share. By application, the market is segmented into power generation, oil & gas, food & beverages, and others. The oil & gas segment held substantial market share in 2020. Based on country, the SAM cryogenic control valve market is segmented into Brazil, Argentina, rest of SAM, Brazil held the largest market share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the cryogenic control valve market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bac Valves; Baker Hughes Company; Emerson Electric Co.; Flowserve Corporation; Neles Corporation; Richards Industrials; SAMSON USA; and Velan Inc.        

Reasons to buy report

  • To understand the SAM cryogenic control valve market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM cryogenic control valve market.
  • Efficiently plan M&A and partnership deals in SAM cryogenic control valve market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM cryogenic control valve market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM Cryogenic Control Valve Market Segmentation

SAM Cryogenic Control Valve Market - By Type

  • Globe Control Valves
  • Ball Control Valves
  • Butterfly Control Valves
  • Others

SAM Cryogenic Control Valve Market - By Application

  • Power Generation
  • Oil and Gas
  • Food and beverages
  • Other Applications

SAM Cryogenic Control Valve Market - By Country

  • Brazil
  • Argentina
  • Rest of SAM

SAM Cryogenic Control Valve Market - Company Profiles

  • Bac Valves
  • Baker Hughes Company
  • Emerson Electric Co.
  • Flowserve Corporation
  • Neles Corporation
  • Richards Industrials
  • SAMSON USA
  • Velan Inc.
 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           SAM Cryogenic Control Valve Market Landscape

4.1         Market Overview

4.2         SAM PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           SAM Cryogenic Control Valve Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Need for Industrial Gases Rising in SAM Region

5.1.2        Escalating Demand for FSRU and FPSO

5.2         Market Restraints

5.2.1        Overall Cost of Production Increasing

5.3         Market Opportunities

5.3.1        Power Generation Sector Growing Rapidly

5.4         Market Trends

5.4.1        Notable Demand in Health Care Sector

5.5         Impact Analysis of Drivers and Restraints

6.           Cryogenic Control Valve Market – SAM Analysis

6.1         SAM Cryogenic Control Valve Market Overview

6.2         SAM Cryogenic Control Valve Market Revenue Forecast and Analysis

7.           SAM Cryogenic Control Valve Market Analysis – By Type

7.1         Overview

7.2         Globe Control Valves

7.2.1        Overview

7.2.2        SAM Globe Control Valve Market Revenue and Forecasts to 2028 (US$ Million)

7.3         Ball Control Valves

7.3.1        Overview

7.3.2        SAM Ball Control Valves Market Revenue and Forecasts to 2028 (US$ Million)

7.4         Butterfly Control Valves

7.4.1        Overview

7.4.2        SAM Butterfly Control Valves Market Revenue and Forecasts to 2028 (US$ Million)

7.5         Others

7.5.1        Overview

7.5.2        SAM Others Market Revenue and Forecasts to 2028 (US$ Million)

8.           SAM Cryogenic Control Valve Market Analysis – By Application

8.1         Overview

8.2         Power Generation

8.2.1        Overview

8.2.2        SAM Power Generation Market Revenue and Forecasts to 2028 (US$ Million)

8.3         Oil & Gas

8.3.1        Overview

8.3.2        SAM oil and gas Market Revenue and Forecasts to 2028 (US$ Million)

8.4         Food & Beverages

8.4.1        Overview

8.4.2        SAM Food and beverages Market Revenue and Forecasts to 2028 (US$ Million)

8.5         Others

8.5.1        Overview

8.5.2        SAM Others Market Revenue and Forecasts to 2028 (US$ Million)

9.           SAM Cryogenic Control Valve Market – Country Analysis

9.1         Overview

9.1.1        SAM: Cryogenic Control Valve Market, by Key Country

9.1.1.1          Brazil: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

9.1.1.1.1          Brazil: Cryogenic Control Valve Market, by Type

9.1.1.1.2          Brazil: Cryogenic Control Valve Market, by Application

9.1.1.2          Argentina: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

9.1.1.2.1          Argentina: Cryogenic Control Valve Market, by Type

9.1.1.2.2          Argentina: Cryogenic Control Valve Market, by Application

9.1.1.3          Rest of SAM: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

9.1.1.3.1          Rest of SAM: Cryogenic Control Valve Market, by Type

9.1.1.3.2          Rest of SAM: Cryogenic Control Valve Market, by Application

10.        SAM Cryogenic Control Valve Market - Covid-19 Impact Analysis

10.1      SAM Impact Assessment of Covid-19 Pandemic

11.        Industry Landscape

11.1      Market Initiative

11.2      Merger and Acquisition

11.3      New Development

12.        Company Profiles

12.1      Baker Hughes Company

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Emerson Electric Co.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Flowserve Corporation

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Velan Inc.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Neles Corporation

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      SAMSON USA

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Bac Valves

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Richards Industrials

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             SAM Cryogenic Control Valve Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             Brazil: Cryogenic Control Valve Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 3.             Brazil: Cryogenic Control Valve Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 4.             Argentina: Cryogenic Control Valve Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 5.             Argentina: Cryogenic Control Valve Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 6.             Rest of SAM: Cryogenic Control Valve Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 7.             Rest of SAM: Cryogenic Control Valve Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 8.             List of Abbreviation

LIST OF FIGURES

Figure 1.           SAM Cryogenic Control Valve Market Segmentation

Figure 2.           SAM Cryogenic Control Valve Market Segmentation – By Country

Figure 3.           SAM Cryogenic Control Valve Market Overview

Figure 4.           SAM Cryogenic Control Valve Market, by Type

Figure 5.           SAM Cryogenic Control Valve Market, by Application

Figure 6.           SAM Cryogenic Control Valve Market, by Country

Figure 7.           SAM PEST Analysis

Figure 8.           SAM Cryogenic Control Valve Market- Ecosystem Analysis

Figure 9.           SAM Cryogenic Control Valve Market Impact Analysis of Drivers and Restraints

Figure 10.        SAM Cryogenic Control Valve Market Revenue Forecast and Analysis (US$ Million)

Figure 11.        SAM Cryogenic Control Valve Market Breakdown by Type, 2020 & 2028 (%)

Figure 12.        SAM Globe Control Valve Market Revenue and Forecasts to 2028 (US$ Million)

Figure 13.        SAM Ball Control Valves Market Revenue and Forecasts to 2028 (US$ Million)

Figure 14.        SAM Butterfly Control Valves Market Revenue and Forecasts to 2028 (US$ Million)

Figure 15.        SAM others Market Revenue and Forecasts to 2028 (US$ Million)

Figure 16.        SAM Cryogenic Control Valve Market Breakdown by Application, 2020 & 2028 (%)

Figure 17.        SAM Power Generation Market Revenue and Forecasts to 2028 (US$ Million)

Figure 18.        SAM oil and gas Market Revenue and Forecasts to 2028 (US$ Million)

Figure 19.        SAM Food and beverages Market Revenue and Forecasts to 2028 (US$ Million)

Figure 20.        SAM others Market Revenue and Forecasts to 2028 (US$ Million)

Figure 21.        SAM: Cryogenic Control Valve Market, by Key Country – Revenue (2020) (US$ Million)

Figure 22.        SAM: Cryogenic Control Valve Market Revenue Share, by Key Country (2020 and 2028)

Figure 23.        Brazil: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 24.        Argentina: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 25.        Rest of SAM: Cryogenic Control Valve Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 26.        Impact of Covid-19 Pandemic in SAM Country Markets

  1. Bac Valves
  2. Baker Hughes Company
  3. Emerson Electric Co.
  4. Flowserve Corporation
  5. Neles Corporation
  6. Richards Industrials
  7. SAMSON USA
  8. Velan Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM cryogenic control valve market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the SAM cryogenic control valve market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the cryogenic control valve market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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