Industrial Gas Regulator Market by Type (Single Stage and Dual Stage), by Gas Type (Inert, Corrosive, and Toxic), by Material (Brass and Stainless Steel), and by Application (Oil & Gas, Chemical, Medical Care, Steel & Metal Processing, and Food & Beverages): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Global industrial gas regulator market expected to generate revenue of around USD 19,469. million by the end of 2024, growing at a CAGR of around 4.5% between 2018 and 2024. Industrial gas regulator market is expected to experience significant growth due to the strong growth in the field of oil & gas, energy, and medical care.

22-Oct-2018 | Number of pages: 110 | Report Code: ZMR-918 | Report Format : | Status : Published

Analysis

Industrial gas regulators are used to sustaining the accurate pressure of the gas in the industrial area for efficient operations in several industrial applications. The ultimate pressure sustained through the industrial regulators is known as the set point of regulators. Increasing demand for industrial gas regulators from various industries is expected to propel the market growth. Moreover, the use of advanced technology in the production of the industrial gas regulator is expected to drive industrial gas regulator market growth over the forecast period. Rising awareness levels among the end-users pertaining to benefits offered by industrial gas regulators is a major factor driving industrial gas regulator market growth. The market growth can be attributed to the growing need for enhancing performance, improving consistency, and reducing work redundancy.

New developments witnessed in the chemicals & energy, oil & gas, automobile, and manufacturing sectors are expected to provide significant growth opportunities for industrial gas regulator market. Increasing demand for natural gas in power generation and industrial units is anticipated to drive industrial gas regulator market growth over the forecast period. Increase in the number of government initiatives across the world to promote the use of natural gas as an alternative to conventional fossil fuel for power generation to decrease carbon emissions would positively impact industry growth. Moreover, growing demand for technologically advanced gas regulators is anticipated to build novel product standards with a high degree of operational ability, efficiency, and safety.  

Industrial-Gas-Regulator-Market

Based on the type, the industrial gas regulator market is segmented into a single stage and dual stage. On the basis of gas type, the industrial gas regulator market is segmented into toxic, inert, and corrosive. The material segment is bifurcated into brass and stainless steel. Based on application, the industrial gas regulator market is segmented into oil & gas, chemical, steel & metal processing, medical care, and food & beverages.  

North America accounted for the highest revenue share in the industrial gas regulator market in 2017 and the region is expected to grow at a significant rate over the forecast period. The growth can be attributed to the increasing demand for industrial regulators across the countries such as the U.S. and Canada. Asia Pacific industrial gas regulator market is anticipated to witness a substantial growth over the forecast period. Rapidly increasing metal production activities and thriving manufacturing industry in China coupled with the growing electronics market in APAC is likely to be the major regional growth drivers in the years ahead. Some of the key players operating in industrial gas regulator market include Colfax Corporation, Cavagna Group S.p.A., Emerson Electric Co., Air Products and Chemicals, Inc., GCE Group, the Linde Group, Air Liquide, Itron, Inc., Praxair Technology, Inc., Airgas, Inc., and others. Industry players are mostly focusing on new product launches and mergers & acquisitions strategies.   


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