Gas Pressure Regulator Market is expected to reach value of US$23 Bn at a CAGR of 5.73% from 2022 to 2028

Gas Pressure Regulator Market 2022

The gas pressure regulator market is expected to reach US$ 2.4 Bn in the year 2021, thereby placing itself as the "high value" market. The global gas pressure regulator market is expected to reach value of US$23 billion at a CAGR of 5.73% from 2022 to 2028. Gas pressure regulators are devices used to maintain a constant downstream gas pressure, regardless of the upstream gas pressure. Gas pressure regulators find applications in various industries such as oil and gas, chemical processing, and air separation.

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Growing residential building is mostly attributed to rising populations in emerging nations. Additionally, global industrialization is favourably influencing the construction industry. It is predicted that rising industrialization will increase demand for fuel and natural gas.

For the purpose of controlling high gas pressure inside the system, the usage of gas pressure regulators is required in manufacturing plants. Additionally, gas pressure regulators are frequently employed in oil and gas industry production facilities, huge ovens, gas boilers, industrial furnaces, etc. As a result, it is anticipated that the growing oil and gas industry would increase demand for gas pressure regulators.

Key Companies-

• Honeywell International
• Air Liquide SA
• Itron Inc.
• Emerson Electric Co.
• Xylem
• Air Products and Chemicals, Inc.
• Rotarex SA
• ESAB
• Watts Water Technologies, Inc.
• Linde plc.
• Matheson Tri-Gas, Inc. and more

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Notable Insights from Gas Pressure Regulators Market Study

• Global manufacturers of gas pressure regulators are focusing on increasing their B2B distribution channels, owing to increasing demand from various sectors such as oil & gas, chemicals & materials, and other gas utilities.
• On the other hand, customer-centric approach by maximizing services and product offerings is the primary focus of regional/local manufacturers. Moreover, market players are offering application-specific products to gain maximum customers.
• Increasing implementation of gas pipeline services in residential and commercial sectors is expected to bolster the demand for various types of gas pressure regulators during the forecast period.
• By gas type, the fuel gases segment is projected to account for more than one-third of the total market share, owing to high use of gas pressure regulators in the production of fuel gases. Also, overall production of fuel gases is relatively high as compared to other gases.
• According to our research, stainless steel and brass are majorly used metals in the manufacturing of gas pressure regulators. Stainless steel is used in higher-purity applications, or when gas compatibility with brass is an issue, whereas, brass gas pressure regulators are used for inert gases or for non-corrosive gases.

"It is very unsafe to let high pressure gases flow from one system to another without reducing pressure; therefore, the use of a gas pressure regulator becomes mandatory when using/supplying gases in industrial, residential, or commercial applications," says a PMR analyst.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 

Gas Pressure Regulator Market Manufacturers 
Gas Pressure Regulator Market Distributors/Traders/Wholesalers 
Gas Pressure Regulator Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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