Global Industrial Gas Regulators Market Size, Trends, and Analysis - Forecasts To 2026 By Type (Single Stage, Dual Stage), By Gas Type (Inert, Corrosive, Toxic), By Material (Brass, Stainless, Steel), By Application (Oil & Gas, Chemical, Steel & Metal Processing, Medical Care, Food & Beverage), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Industrial Gas Regulators Market: Insights
Industrial gas regulators are used to controlling or regulating the pressure of the gas within pipes. Gas regulators find their applications in different industries to control the flow of gaseous substances. Rapid industrialization globally is driving the demand for the gas regulators market. The growing shift towards natural gas from coal-based energy is also boosting the market growth. Gas regulators also act as a form of safety measure as any change in pressure can indicate the possibility of a leak and help prevent deadly accidents. There has been a growing usage of various gases like oxygen and helium in industries which has increased the number of end-users for gas regulators and has had a positive impact on the market. Technological advancements have also reduced the cost involved in the manufacturing and installation of gas regulators. An increasing number of gas-operated vehicles is also on the rise especially in developing nations that do not have the infrastructure to support electric vehicles which will also have an impact on the global industrial gas regulator market.
Industrial Gas Regulators Market: By Type
Single-stage and dual-stage gas regulators are considered under type segment. The single-stage segment is the dominant segment as it can be used in pretty much all industries. They are also cheaper while consuming lower amounts of energy. The growing demand for natural gas from commercial and residential sectors are boosting the market growth.
Industrial Gas Regulators Market: By Gas Type
Inert, corrosive, and toxic gases are the there main types of gases explained in this segment. The inert gas sector will grow at the fastest rate owing to its increased applicability in the oil & gas industries, the pharmaceuticals industry, and the chemical industry. The inert gas sector is also the dominant segment as inert gases are far easier to transport through pipelines than corrosive and toxic gases while also being having lower regulations surrounding its storage and transportation.
Industrial Gas Regulators Market: By Application
Based on the application analysis, the market is explained into oil & gas, food & beverage, chemical, medical care, and steel & metal processing among others. The oil & gas industry holds the largest market share among the five segments as they use a large number of gases like oxygen, argon, and helium in their production process. The chemical industry is expected to grow at the fastest rate as more and more industries demand various gaseous chemicals from them.
Industrial Gas Regulators Market: By Region
The North American region dominates the market in terms of revenue generation. The presence of a large number of oil & gas manufacturers in this region and combined with the innovations and advancements in technology are boosting the regional growth The APAC region is the fastest-growing region. Government investments in the establishment of new oil & gas industries and the development of economic zones are expected to drive the market in this region. There is also a growing demand for gas-operated vehicles and a switch to gas pipeline over cylinders in the APAC region. Governments are also increasing the regulations on gas pipelines to ensure safety.
Industrial Gas Regulators Market: Share & Competitor Analysis
GCE Group, Linde Group, Cavagna Group SPA, Air Liquide, Itron, Praxair Inc., Colfax Corporation, Air Products, Airgas Inc, Emerson Electric Co., and Chemicals Inc among others, are the major vendors competing in the industrial gas regulators market.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Industrial Gas Regulators Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Industrial Gas Regulators Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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