Global Industrial Gas Regulators Market is driven by Industrial Infrastructure development in the Middle East and Africa and increasing demand from various sectors
Published Date | 2019 August 23
According to BlueWeave Consulting, The Global Industrial Gas Regulators Market is expected to grow with a significant rate during the forecast period 2019-2025. Industrial gas regulators are the safety devices used to control devices useful for maintaining gas pressure in various applications across various industries. The increasing demand for industrial gases like hydrogen, helium, nitrogen, and carbon dioxide from the automotive, electronics, steel and metal, refining, and chemical sectors will prompt the growth of industrial gas regulator market.
Gas regulators used for maintaining temperature as different industries operate at various temperatures. Rising production and consumption of natural gas in North America and APAC are leading to the construction of natural gas pipelines and storage facilities. The utilization of innovation in the development of the modern gas regulators is additionally boosting the growth of the worldwide industrial gas regulators market. Furthermore, increasing demand for technologically advanced gas regulators with the growing need for enhanced reliability, improved performance, and for reducing work redundancy also expected to fuel the market growth of industrial gas regulators.
Among Type, Single stage regulator segment holds the largest market share of the global industrial gas regulators market during the forecast period
Based on type, single stage regulator is anticipated to witness significant growth during the forecast period due to its growth in the processing and manufacturing sector for industrial general purpose. Also, its low consumption of energy and availability at a cheaper price is projected to boost the demand for single stage regulator. Single stage regulator is ideal for minimal inlet pressure variation applications while dual stage regulator is designed to tackle recurrent variations in the rate of gas flow. Single stage regulator covers multiple applications which include calibration gases, high purity gases, liquid and gas chromatography, and high purity chamber pressurization.
Asia Pacific is the fastest growing region of the global industrial gas regulators market during the forecast period
Global industrial gas regulators market by region can be sub-divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and MEA are expected to be the most lucrative region for industrial gas regulators market in the coming years. Due to the growing demand for natural gas for power generation and industrial units among consumers primarily in the U.S., expected to drive growth in the region. Asia Pacific market expecteded to be the fastest growing region in terms of revenue in the near future. Rapidly increasing Chinese manufacturing industries and metal production industries coupled with rising electronics market are the factors driving the growth of the industrial gas regulators market in the Asia Pacific region.
Global Industrial Gas Regulators Market: Competitive Landscape
Companies such as Emerson Electric Co., The Linde Group, Air Liquide, Praxair Inc., Air Products and Chemicals Inc., Airgas Inc., Colfax Corporation, Itron, Cavagna Group SPA, and GCE Group are the leading players of industrial gas regulators market across the globe.
The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of global industrial gas regulators market size & forecast. The report promises to provide state-of-the-art technology of industrial gas regulators production and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
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