Global Industrial Gas Regulators Market Segmentation, By Type (Single-Stage Regulator, Dual Stage Regulator), Gas Type (Inert Gases, Toxic Gases, Corrosive Gases), Material (Brass, Stainless Steel), Application (Oil and Gas, Chemical, Steel and Metal Processing, Medical Care, Food and Beverage, Others) – Industry Trends and Forecast to 2031
Industrial Gas Regulators Market Analysis
Over the past few years, the industrial gas regulator market has risen exponentially worldwide due to its technical performance and functional features. An industrial gas regulator is a specialized product that is used for a variety of applications. The market has massively flourished over the years and this trend is expected to continue even through the forecasted period.
Industrial Gas Regulators Market Size
Global Industrial Gas Regulators Market size was valued at USD 18.97 billion in 2023 and is projected to reach USD 26.98 billion by 2031, with a CAGR of 4.50% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Industrial Gas Regulators Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Key Market Players
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Emerson Electric Co. (U.S.), Dupont (U.S.), Linde (Germany), Air Liquide (France), Praxair Technology, Inc. (U.S.), SOLVAY (Belgium), Air Products and Chemicals Inc. (U.S.), Cavagna Group SPA (Italy) , GCE Group (Sweden), Iwatani Corporation (Japan), Messer SE & Co. KGaA (Germany), Matheson Tri-Gas Inc. (U.S.), Iceblick Ltd. (Ukraine), Advanced Specialty Gases I(U.S.)., BASF SE (Germany), Buzwair Group (Qatar), Ellenbarrie Industrial Gases (India)., Gulf Cryo (UAE), Proton Gases (India)
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Market Opportunities
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Industrial Gas Regulators Market Definition
Gas regulators for industrial usage are devices that regulate the pressure of a fluid or gas in pipe systems. They are the devices that are utilized to keep the gas in the mechanical zone at the proper weight for effective tasks in various modern applications. The set purpose of current controllers refers to the precise weight maintained by the devices.
Industrial Gas Regulators Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Utilization Across the Applications
The key element driving the expansion of the industrial gas regulators market is the increasing need for the industrial gas regulators in various applications such as oil and gas, chemical, steel and metal processing, medical care and food and beverage.
Furthermore, the factors such as the rapid urbanization coupled with the rising industrialization across the globe will further propel the growth rate of industrial gas regulators market. Additionally, the growth in infrastructural activities will also drive market value growth. The growing use of natural gas as a substitute of conventional fossil fuels is yet another market growth determinant that is projected to bolster the market's growth.
Opportunities
- Advancements, Transformations and Investments
Furthermore, the rapid technological advancements and product transformations in industrial gas regulators extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the government investment in the establishment of new oil and gas and energy generation facilities and maintenance will further expand the future growth of the industrial gas regulators market.
Restraints/Challenges
- Regulatory Restrictions
The various regulatory restrictions further create hindrances for the growth of the industrial gas regulators market.
- High Costs
Also, the high cost of gas processing is estimated to be a demerit for the industrial gas regulators market. Therefore, this will challenge the industrial gas regulators market growth rate.
This industrial gas regulators market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial gas regulators market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Industrial Gas Regulators Market
The recent outbreak of coronavirus had a negative impact on the across the various market globally. The same applies to the global market for industrial gas regulators, as consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the outbreak. These aforementioned factors are likely to weigh on the worldwide industrial gas regulator market's revenue trajectory over the forecast period. The global industrial gas regulator market is predicted to revive as respective governing agencies begin to lift these enforced lockdowns.
Industrial Gas Regulators Market Scope
The industrial gas regulators market is segmented on the basis of type, gas type, material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Single-Stage Regulator
- Dual Stage Regulator
Gas Type
- Inert Gases
- Toxic Gases
- Corrosive Gases
Material
- Brass
- Stainless Steel
Application
- Oil and Gas
- Chemical
- Steel and Metal Processing
- Medical Care
- Food and Beverage
- Others
Industrial Gas Regulators Market Regional Analysis
The industrial gas regulators market is analyzed and market size insights and trends are provided by country, type, gas type, material and application as referenced above.
The countries covered in the industrial gas regulators market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the industrial gas regulators market because of the increasing demand for natural gas in the oil and gas market for power generation and other industrial units among consumers especially in the U.S. within the region.
On the other hand, Asia-Pacific is estimated to show lucrative growth during the forecast period of 2024 to 2031 due to the rising demand for natural gas for power generation and industrial units in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Industrial Gas Regulators Market Share
The industrial gas regulators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial gas regulators market.
Industrial Gas Regulators Market Leaders Operating in the Market Are:
- Emerson Electric Co. (U.S.)
- Dupont (U.S.)
- Linde (Germany)
- Air Liquide (France)
- Praxair Technology, Inc. (U.S.)
- SOLVAY (Belgium)
- Air Products and Chemicals Inc. (U.S.)
- Cavagna Group SPA (Italy)
- GCE Group (Sweden)
- Iwatani Corporation (Japan)
- Messer SE & Co. KGaA (Germany)
- Matheson Tri-Gas Inc. (U.S.)
- Iceblick Ltd. (Ukraine)
- Advanced Specialty Gases (U.S.)
- BASF SE (Germany)
- Buzwair Group (Qatar)
- Ellenbarrie Industrial Gases (India)
- Gulf Cryo (UAE)
- Proton Gases (India)
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