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Global Industrial Gas Regulator Market Trends, Technology, Manufacturers and Market Opportunities 2018, Key Players – Emerson Electric, Air Liquide and more...
Industrial Gas Regulator Market
Summary
The Industrial Gas Regulator Market reports shows the on depth information about Industrial gas regulators, the Industrial gas regulators devices that are utilized to maintain the correct pressure of gas in the industries for effective operations in various industrial applications. The ideal pressure maintained by industrial regulators is known as the set point of the regulators. The processing system in different industries operates at varying temperature and therefore requires the use of these devices to maintain such temperatures. These regulators are used in different applications across several industries to control the pressure of the gas and to maintain the flow of gas in the piping system.
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Growing demand of industrial gases for power generation; growing demand for gas-powered automobiles and power stations; and increasing demand from the oil & gas and chemical industries are the key factors that have driven the growth of the market. Furthermore, governments of different countries worldwide are promoting the use of natural gas instead of conventional fossil fuel for the power generation and to reduce carbon emissions.
Some of the leading competitors functioning in this Industrial Gas Regulator market are: Emerson Electric, Air Liquide, The Linde Group, Praxair Technology, Air Products and Chemicals, Cavagna Group, GCE Group, Rotarex, Honeywell Process Solutions, Itron, Sensus, Maxitrol, Harris Products Group, Uniweld.
The report focuses on the key developments in the global market, especially in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The market is segmented into Oil & Gas, Chemical, Steel & Metal Processing, Food & Beverages, and Others. Among these, the oil & gas industry holds the largest market share owing to the presence of a high number of oil and chemical industries in the Asia Pacific region. Increase in use of fuel across the globe is one key trend boosting the market demand.
China is the largest manufacturer and supplier of the industrial gas regulators in the Asia-Pacific region
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.): Single-Stage, Dual-Stage.
The Asia Pacific industrial gas regulator market is expected to expand at a higher CAGR in terms of revenue. The growth can be attributed to China, the largest manufacturer and supplier of industrial gas regulator across the globe, and a rise in the number of industrial units. South America and the Middle East & Africa are expected to grow significantly in the industrial gas regulator market owing to increase in penetration of oil and chemical industries in this region.
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However, North America is the dominating region in the industrial gas regulator market. In this region, The industrial gas regulator market for single stage gas regulators is expected to expand at a CAGR of around 4%. The demand for gas regulators devices is anticipated to grow rapidly in the regions of North America, such as the U.S. and Canada, which can be attributed to the presence of a large industrial sector in the region.
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