Industrial Gas Regulators Market Share, Trends, Analysis and Forecasts, 2020-2030

The Industrial Gas Regulators Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.

Industrial gas regulators are used to monitor and control the pressure of gases in industrial and commercial applications. The Global Industrial Gas Regulators Market, in terms of value, was close to US$ 14,000 Million in 2019. Asia Pacific region is the distinguished leader and contributes almost one third of the value to the global market.

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The industrial gas regulators play a vital role in ensuring the safety of storage cylinders, transport infrastructure, and process equipment. Different gas regulators are used across the industrial applications depending on the type of processes and gas transport infrastructure. For instance, a single stage gas regulator is used in applications where the source pressure is constant or in applications where pressure is monitored and adjusted by an operator. With increasing sophistication in process equipment, the demand for high precision and accurate process control devices has increased significantly to ensure high process efficiency and minimum utility waste. This has fuelled the demand for industrial gas regulators across several industry verticals. The global industrial gas regulator market is anticipated to grow significantly during the forecast period.

Increasing demand for dual stage regulators to drive the growth of global market

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. The single stage industrial gas regulator contributed a dominating share to the global market in 2019 and is anticipated to be a dominating segment during the forecast period. The dual stage industrial regulators are anticipated to grow significantly during the forecast period owing to increasing demand from critical process control applications.

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Strong demand for industrial gas regulators from upstream and downstream oil & gas applications is driving the growth of industrial gas regulators market

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. The applications of industrial gas regulators in oil & gas industry contributed a dominating share to the global market in 2019 and is anticipated to grow steadily during the forecast period owing to increased demand from upstream and downstream applications such as gas lifting, catalytic cracking, and fuel desulphurization and so on. Metal & mining industry is anticipated to grow significantly during the forecast period.

Based on geography, the global industrial gas regulators market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific contributed a dominating share to the global industrial gas regulators market in 2019 and is anticipated to be the fastest growing geography during the forecast period owing to rising demand from chemical & pharmaceutical, metal & mining, and food & beverages industry fuelled by increasing investment in expansion of manufacturing infrastructure. North America contributed a prominent share to the global industrial gas regulator market and is anticipated to witness steady growth during the forecast period.

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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.