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.
The report covers forecast and analysis for the industrial gas regulator market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the industrial gas regulator market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the industrial gas regulator market on a global level.
In order to give the users of this report a comprehensive view of the industrial gas regulator market, we have included the competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein type segment, gas type segment, material segment, and application segment are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new gas type launches, agreements, partnerships, collaborations & joint ventures, research & development, gas types, and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis and type portfolio of various companies according to the region.
The study provides a decisive view on the industrial gas regulator market by segmenting the market based on type, gas type, material, application, and regions. All the segments have been analyzed based on present and the future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The report also includes detailed profiles of end players such Colfax Corporation, Cavagna Group S.p.A., Emerson Electric Co., Air Types and Chemicals, Inc., GCE Group, the Linde Group, Air Liquide, Itron, Inc., Praxair Gas Type, Inc., Airgas, Inc., and others.
This report segments the global Industrial Gas Regulator Market as follows:
Global Industrial Gas Regulator Market: Type Segment Analysis
Global Industrial Gas Regulator Market: Gas Type Segment Analysis
Global Industrial Gas Regulator Market: Material Segment Analysis
Global Industrial Gas Regulator Market: Application Segment Analysis
Global Industrial Gas Regulator Market: Regional Segment 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.
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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