Global Industrial Gas Regulators Market is driven by Industrial Infrastructure development in the Middle East and Africa and increasing demand from various sectors
Published | 23 August 2019
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.
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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