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Global Gas Equipment Market Report 2023- Market Trends, Analysis, Top Companies, Share, Growth And Forecast To 2032
Gas Equipment Market Analysis
Gas Equipment Market Size, Growth Rate, And Forecast
The global gas equipment market size is expected to grow from $68.46 billion in 2022 to $73.98 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The gas equipment market size is expected to grow to $95.97 billion in 2027 at a CAGR of 6.7%.
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Gas Equipment Market Drivers
The increase in demand for industrial gases for diverse applications is driving the growth of the gas equipment market. Industrial gases are manufactured for different industrial applications, such as manufacturing, oil refining, cleaning, and transportation. To meet the demands of industrial applications, several of them are provided in significantly bigger cylinders, which are sold and utilized in pure form or combined with other gases and stored in other ways. Oxygen, nitrogen, hydrogen, and carbon dioxide are some of the industrial gases that are used for various applications.
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Gas Equipment Market Segments
1) By Equipment Type: Gas Delivery Systems, Gas Regulators, Flow Devices, Purifiers And Filters, Gas Generating Systems, Gas Detection Systems, Cryogenic Products, Accessories
2) By Gas: Nitrogen, Hydrogen, Helium, Oxygen, Carbon Dioxide, Others Gases
3) By Process: Generation, Storage, Detection, Transportation
4) By End-User: Metal Fabrication, Chemical, Healthcare and Medical, Oil and Gas, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the gas equipment market.
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Gas Equipment Market Key Players
Major competitors in the gas equipment market include Rexarc International Inc., Hannay Reels Inc., Filtration Group, Donaldson Company Inc., Messer SE & Co. KGaA., Colfax Corporation, Parker Hannifin Corporation, John Wood Group PLC, Air Liquide S.A.
The Business Research Company's "Global Gas Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Gas Equipment Market Include:
1. Executive Summary
2. Gas Equipment Market Characteristics
3. Gas Equipment Market Trends And Strategies
4. Gas Equipment Market - Macro Economic Scenario
5. Gas Equipment Market Size And Growth
.....
26. Africa Gas Equipment Market
27. Gas Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Gas Equipment Market
29. Gas Equipment Market Future Outlook and Potential Analysis
30. Appendix
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