Gas Equipment Market Trend, Share, Growth, Size and Forecast 2030

Gas Equipment Market

Gas Equipment Market - By Industrial Gas ( Helium, Acetylene, Hydrogen, Atmospheric, And Others (Xenon, Neon, Nitrous Oxide, Krypton, And Carbon Monoxide), Equipment Type (Gas Detection Systems, Cryogenics, Gas Generation, Flow Devices, Purifiers And Filters, Regulators, And Gas Delivery), Process (Transportation, Detection, Storage, And Generation), End User ( Oil And Gas, Emergency Services, Water Treatment, Mining, Power Generation, Healthcare And Medical, Metal Fabrication, Chemical, And Others(Electronics, Automotive, And Food And Beverage)): Global Industry Perspective, Comprehensive Analysis and Forecast 2020 – 2026

Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-3675 Published Date: Sep-2020 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 61.4 Billion USD 92.7 Billion 7.1% 2019

Global Gas Equipment Market Size: Overview

According to the report published by Zion Market Research, demand for the global Gas Equipment market was valued at approximately USD 61.4 Billion in 2019 and is expected to generate revenue of around USD 92.7 Billion by end of 2026, growing at a CAGR of around 7.1% between 2020 and 2026.

Gas mixtures are multi-component products that are developed for various applications. A wide range of gas mixture products is used for laser processing. The global popularity of the gas equipment market can be due to the increase in product demand by various end-user industries, such as healthcare and medical, and chemical, among others.

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Global Gas Equipment Market: Growth Factors

The major growth driver in the global gas equipment market is the rise in the usage of industrial gases in various industries, such as oil and gas, healthcare and medical, and chemical. Emerging economies, such as India, China, and Brazil, are potential markets for industrial gas equipment. Globalization, developing economies, and less number of trade barriers are also contributing to the development of the gas equipment market globally in the forthcoming years. Furthermore, acetylene and hydrogen gases have huge potential in the future, as the demand for both gases is growing rapidly, particularly in food processing, metallurgical, and chemical industries. Besides, various technological advancements and the launch of advanced products by the key players operating in the gas detection equipment are projected to create new growth opportunities in this global market, especially in the Asia Pacific region.

Global Gas Equipment Market: Segmentation

The global gas equipment market is classified into industrial gas, equipment type, end-user, and process. By industrial gas, this market includes helium, acetylene, hydrogen, atmospheric, and others (xenon, neon, nitrous oxide, krypton, and carbon monoxide). Based on equipment type, this market includes gas detection systems, cryogenics, gas generation, flow devices, purifiers and filters, regulators, and gas delivery. On the basis of process, the market for gas equipment comprises transportation, detection, storage, and generation. By end-user, this market includes oil and gas, emergency services, water treatment, mining, power generation, healthcare and medical, metal fabrication, chemical, and others (electronics, automotive, and food and beverage. Cryogenics is likely to dominate this global market in the years ahead, owing to the increased usage of highly-cooled liquefied gases by the chemical industry.

Global Gas Equipment Market: Regional Analysis

The global gas equipment market is classified into Europe, North America, the Middle East, and Africa, Latin America, and the Asia Pacific. In 2017, the North American gas equipment market dominated globally and is anticipated to maintain its position over the estimated period as well. At the country level, the U.S. is likely to be the fastest growing country in this region. This growth can be attributed to the globalization and less number of trade barriers. The Asia Pacific region is projected to register the highest rate of growth in this market over the estimated time period. This regional growth can be due to the substantial developments made in the metal fabrication industry, owing to the rising demand for consumer appliances and automobiles.

Other factors propelling this region’s gas equipment market include rapid industrialization in China and India, technological developments and adoption of new machines in the healthcare sector, and strict government regulations for the safety and security of environment and workers.Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Report Scope

Report Attributes Report Details
Report Name Gas Equipment Market Research Survey Report
Market Size in 2019 USD 92.7 Billion
Market Forecast by 2026 USD 61.4 Billion
Compound Annual Growth Rate CAGR of 7.1%
Number of Pages 110
Forecast Units Value (USD Trillion), and Volume (Units)
Key Companies Covered GCE Holding, Matheson Tri-Gas, Iwatani Corporation, Taiyo Nippon Sanso, Welsco, Messer Group, Advanced Specialty Gases, Itron, Air Products and Chemicals, Praxair, Colfax, Linde Group, Airgas, Air Liquide, among others
Segments Covered By Industrial Gas, By Equipment Type, By End-User, By Process, By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2019
Historical Year 2016 - 2018
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Global Gas Equipment Market: Competitive Players

Some main participants of the Gas Equipment market are GCE Holding, Matheson Tri-Gas, Iwatani Corporation, Taiyo Nippon Sanso, Welsco, Messer Group, Advanced Specialty Gases, Itron, Air Products and Chemicals, Praxair, Colfax, Linde Group, Airgas, and Air Liquide, among others.

Gas Equipment Market Segmentation

By Industrial Gas

  • helium
  • acetylene
  • hydrogen
  • atmospheric

By Equipment Type

  • Gas detection systems
  • Cryogenics
  • Gas generation
  • Flow devices
  • Purifiers and filters
  • Regulators
  • Gas delivery

By Process

  • Transportation
  • Detection
  • Storage
  • Generation

End-User

  • Oil and gas
  • Emergency services
  • Water treatment
  • Mining
  • Power generation
  • Healthcare and medical
  • Metal fabrication
  • Chemical
  • Others

Gas Equipment Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The major growth driver in the global gas equipment market is the rise in the usage of industrial gases in various industries, such as oil and gas, healthcare and medical, and chemical. Emerging economies, such as India, China, and Brazil, are potential markets for industrial gas equipment. Globalization, developing economies, and less number of trade barriers are also contributing to the development of the gas equipment market globally in the forthcoming years.

According to Zion Market Research, global demand for Gas Equipment market is expected to generate revenue of around USD 92.7 Billion by end of 2026, growing at a CAGR of around 7.1% between 2020 and 2026.

The North American gas equipment market dominated globally and is anticipated to maintain its position over the estimated period as well.

Some main participants of the Gas Equipment market are GCE Holding, Matheson Tri-Gas, Iwatani Corporation, Taiyo Nippon Sanso, Welsco, Messer Group, Advanced Specialty Gases, Itron, Air Products and Chemicals, Praxair, Colfax, Linde Group, Airgas, and Air Liquide, among others.

The global gas equipment market is classified into industrial gas, equipment type, end-user, and process. By industrial gas, this market includes helium, acetylene, hydrogen, atmospheric, and others (xenon, neon, nitrous oxide, krypton, and carbon monoxide). Based on equipment type, this market includes gas detection systems, cryogenics, gas generation, flow devices, purifiers and filters, regulators, and gas delivery. On the basis of process, the market for gas equipment comprises transportation, detection, storage, and generation. By end-user, this market includes oil and gas, emergency services, water treatment, mining, power generation, healthcare and medical, metal fabrication, chemical, and others (electronics, automotive, and food and beverage). 

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