Press release
Oil and Gas Sector in U.S. Industrial Gas Regulator Market to Witness High Growth During the Assessment Period 2017-2024
According to the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2015, natural gas consumption of the industrial sector will grow at an annual rate of 0.5% through 2020. There is increasing demand for natural gas from residential, commercial, and electric power sectors. Methanol and fertilizer industries, the most gas intensive industrial end-users, are expected to be the primary drivers for growth.
u.s. industrial gas regulator market
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Growing applications of natural-gas-fuel-based equipment boosting the demand for industrial gas regulators in the United States
The use of industrial equipment that uses natural gas as a fuel is expanding rapidly in the United States. Especially, industrial boilers and furnaces have led to growing demand for industrial gas regulators. Boilers that are run on natural gas and furnaces are used in various types of industries, which include food, paper, chemicals, refining, and manufacturing. Gas regulators play an important role in maintaining, monitoring and controlling the flow of gas and pressure in these natural gas fuelled appliances.
The food manufacturing sector in the United States possesses over 10,000 industrial boilers. Small boilers are used to burn natural gas. On the other hand, the paper industry requires large industrial boilers to burn production waste, pulp and paper. Furthermore, there are 300 chemical plants in the United States that have large boilers. Due to the use of such kind of boilers that use natural gas as a fuel, the demand for industrial gas regulators in the United States has received a huge boost.
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The impact of this driver on the industrial gas regulator market in the United States is expected to be high during the coming years due to the increasing demand for large and small boilers in industries for manufacturing processes.
Inert industrial gas regulators to dominate the market in the United States
Inert gas regulators are made up of materials that prevent unwanted chemical reactions from taking place. Such kind of regulators are used in various types of industries like chemicals, food and oil & gas. The regulators used to maintain the flow and pressure of toxic gas are considered under the toxic gas regulators segment.
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The application of toxic gas is found across industries including chemicals, petrochemicals, refineries, coal and oil & gas. The regulators that are used in places where there is a need to maintain the flow and pressure for corrosive gases are covered under the corrosive gas regulators segment. Typically, such kind of regulators are made up of stainless steel.
In the United States industrial gas regulator market by gas type, the inert gas segment was valued at US$ 1,477.8 Mn in 2017. This is primarily due to the large application of natural gas across various industrial sectors and increasing adoption of inert gas to avoid unwanted chemical reactions taking place during the manufacturing process. On the other hand, the toxic gas segment was valued at US$ 434.7 Mn in 2017 and the corrosive gas segment was valued at US$ 555.8 Mn in 2017.
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