Global Industrial Gas Regulators Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Industrial Gas Regulators Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global industrial gas regulators market report has been segmented on the basis of type, gas type, material, application, and region.
Global Industrial Gas Regulators Market: Overview
Industrial gas regulator are the safety devices that is used to control devices useful for maintaining gas pressure in various applications across various industries. These regulators are also used for maintaining the direction of gas in the gas pipeline. Gas regulators are used for maintaining temperature as different industries operates at various temperature. These gas regulators are of different types and has many applications such as ammonia supply, boiler gas supplies, natural gas distribution, plant air services, oxygen supply, furnaces and ovens.
Global Industrial Gas Regulators Market: Dynamics
Increasing number of end use industries such as oil & gas, energy generation and chemical industries coupled with rapid technological advancements and product transformations in industrial gas regulators are the major factors driving growth of the target market. In addition, government investment in the establishment of new oil & gas and energy generation facilities and maintenance are other factors fueling growth of the target market.
Furthermore, increasing demand for industrial gases for power generation and operating industrial units coupled with increasing use of natural gas in place of conventional fossil fuels are the major factors expected to drive the growth of the global industrial gas regulators market.
However, increasing demand in medical and beverages sector is a factor expected to hamper growth of the target market.
Major players are going for strategic acquisitions and mergers in many larger oil and gas industries, and is among the major trend faced in the target market.
Global Industrial Gas Regulators Market: Segment Analysis
On the basis of type, single stage segment dominates the global market in terms of revenue. As it is useful in various applications such as gas and liquid chromatography, high purity gases, calibration gases, and high purity chamber pressurization On the basis of gas type, inert gas type segment is expected to dominates the global market in terms of revenue share. On the basis of material, brass form segment is expected to register high revenue growth over the next ten years. On the basis of application, oil and gas segment is expected to register high revenue growth over the next ten years.
Global Industrial Gas Regulators Market: Regional Analysis
Currently, North America market accounts for major share in terms of revenue and is expected to drive growth over the forecast period. As there is rising demand for natural gas for power generation and industrial units among consumers especially in US is a factor expected to drive growth of the target market in the region. Asia Pacific market is estimated to witness fastest growth in terms of revenue in the near future. Rapidly increasing Chinese manufacturing industries and metal production industries coupled with growing electronics market are the factors fueling growth of the target market in Asia Pacific region. Furthermore, market in Middle East & Africa projected to witness average growth over the forecast period, followed by Latin America in the target market.
Global Industrial Gas Regulators Market Segmentation:
Segmentation by type:
- Single Stage
- Dual Stage
Segmentation by gas type:
Segmentation by material:
- Stainless Steel
Segmentation by application:
- Oil & Gas
- Medical Care
- Steel & Metal Processing
- Food & Beverages
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- The Emerson Electric Co.
- GCE Holding AB
- Honeywell Process Solutions
- Air Products and Chemicals Inc.
- Rotarex S.A.
- Air Liquide S.A.
- Praxair Technology Inc.
- The Linde Group
- Cavagna Group S.p.A
- Pressure Tech Ltd.
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