Industrial Gas Regulators Market Share, Trends, Analysis and Forecasts, 2020-2030
Rising demand for natural gas fueled power generation, incorporation of advanced technologies in industrial gas regulators, and stringent regulations governing occupational health & safety are the factors shaping the growth of the global industrial gas regulator market. An industrial gas regulator is a device used to monitor and control the pressure of the gases used in industrial processes to ensure optimal process throughput and enhance safety of the process loop. Advancement in technology has led to the adoption of sophisticated control and monitoring devices. Industrial gas regulators are witnessing increased demand owing to the expansion of applications utilizing natural gas fueled by green energy initiatives across major countries. The demand for industrial gas regulators from oil & gas industry to monitor and regulate the flow of gases in downstream applications has contributed a major share in the past decade. Enacting and implementation of strict safety regulations is another factor fueling the demand for industrial gas regulators. The global industrial gas regulator market is anticipated to grow significantly during the forecast period.
Asia Pacific contributed a dominating share to the global industrial gas regulators market in 2019 and is anticipated to be the fastest growing segment during the forecast period owing to increased demand from metal & mining, chemical & pharmaceuticals and oil & gas industries. Expansion of manufacturing industry across China, India, Indonesia and other Southeast Asian countries is anticipated to bolster the growth of Asia Pacific industrial gas regulator market during the forecast period. North America & Europe collectively contributed a dominating share to the global market in 2019. Europe is anticipated to grow significantly during the forecast period with western European countries being the major growth contributors.
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Industrial Gas Regulators Market Share Analysis, by Geography (2019)
The report titled “Industrial Gas Regulators Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030” offers market estimates for a period 2018 to 2030, wherein 2018 is historic period, 2019 is the base year, and 2020 to 2030 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global industrial gas regulators market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Emerson Electric Co. reported revenues of USD 12,202 million in 2019 and the product segment analysis of the company indicates that Measurement & Analytical Instrumentation business segment of the company dominated revenue in 2019.
The global industrial gas regulators market is segmented on the basis of type, gas type, material, end use industry, and geography. Based on type, the global industrial gas regulators market is segmented into single stage industrial gas regulator and dual stage industrial gas regulator. Based on gas type, the global industrial gas regulators market is segmented into inert gas regulator, corrosive gas regulator, and toxic gas regulator. Based on material, the global industrial gas regulators market is segmented into stainless steel, brass, and others. Based on end use industry, the global industrial gas regulators market is segmented into automotive, aerospace & defense, oil & gas, chemical & pharmaceuticals, energy & utility, food & beverages, metal & mining, healthcare and others. Based on geography, the global industrial gas regulators market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
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Industrial Gas Regulators Market Influencing Forces
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on Industrial Gas Regulators. Further, market share of prominent companies in the global Industrial Gas Regulators market would also be estimated. For instance, Emerson Electric Co. operates through four Measurement & Analytical Instrumentation, Valves, Actuators & Regulators, Industrial Solutions, and Process Control Systems & Solutions. The industrial gas regulators products are delivered under Valves, Actuators & Regulators business segment of the company with revenue contribution of US$ 3,794 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the industrial gas regulators companies. The global industrial gas regulators market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the industrial gas regulators business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global industrial gas regulators market.
Major players active in the global industrial gas regulators market include Air Liquide S.A., Air Products and Chemicals Inc., Airgas, Inc., Cavagna Group SPA, Colfax Corporation, Emerson Electric Co., GCE Holding AB, Honeywell Process Solutions, Itron Inc., Praxair Inc., Rotrax, and The Linde Group.