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Industrial Gas Regulators Market Opportunities and Strategies 2024-2033 | Insights, Demand, and Outlook
Industrial Gas Regulators Market Trends
As per the report, the industrial gas regulators market size has grown strongly in recent years. It will grow from $16.48 billion in 2023 to $17.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The industrial gas regulators market size is expected to see strong growth in the next few years. It will grow to $22.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
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Rapid Industrialization Fuels Growth In The Industrial Gas Regulator Market
Rapid industrialization is expected to propel the growth of the industrial gas regulator market going forward. Industrialization refers to an economy's transformation from one focused mostly on agriculture to one based on the production of goods. Industrialization has transformed the economy with the production of a variety of goods in various industries, and industrial gas regulators are one of them. For instance, in March 2022, according to the United Nations Industrial Development Organization, an Austria-based specialised agency, global manufacturing production increased by 9.4 % in 2021, after the pandemic-related drop of 4.2 percent in 2020. Further, by March 2022, according to the India Brand Equity Foundation (IBEF), an India-based government export promotion agency, Indian manufacturing hubs will reach more than $500 billion by 2030. Many companies have started producing their products in India, such as the first solar company started a plant in Tamil Nadu. Zoho invested $13.4 million in R&D manufacturing. Therefore, rapid industrialization is driving the industrial gas regulator market.
Technological Advancements Reshaping The Industrial Gas Regulator Market
Technological advancement is a key trend gaining popularity in the industrial gas regulator market. Major companies in the industrial gas regulator market are developing new technologies to strengthen their position. For instance, in April 2021, The Cavagna Group, a UK-based company operating in industrial gas regulators, launched the Viproxy i-1Touch, a brand-new digital valve for medical oxygen therapy with a smart IoT add-on and a unique, smart medical VPR that has data transmission capabilities. The Viproxy i-1Touch valve includes an integrated pressure regulator as well as a digital pressure gauge.Its digital gauge will clearly display all parameters monitored during use and send audible alerts.
The industrial gas regulators market covered in this report is segmented -
1) By Type: Single Stage, Dual Stage
2) By Gas: Inert, Corrosive, Toxic
3) By Material: Brass, Stainless Steel
4) By Application: Oil and Gas, Chemical, Steel and Metal Processing, Medical Care, Food and Beverages, Other Applications
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Major companies operating in the industrial gas regulators market include Emerson Electric Co., Linde plc, Air Liquide S.A., Praxair Inc., Air Products and Chemicals Inc., GCE Group, Cavagna Group S.p.A., Iwatani Corporation, Messer Group GmbH, Matheson Tri-Gas Inc., Iceblick Ltd., Advanced Specialty Gases, BASF SE, Buzwair Group, Ellenbarrie Industrial Gases Ltd., Gulf Cryo, Proton Gases Private Limited, Rotarex S.A., Honeywell International Inc., Maxitrol Company, Airgas Inc., Harris Products Group, Meca-Inox, Mertik Maxitrol GmbH & Co. KG, MHOxygen, Norgas Controls Inc., Parker Hannifin Corporation, Pietro Fiorentini S.p.A., Pressure Tech Ltd., Rego Products Inc., Sierra Instruments Inc., Swagelok Company, Tescom Corporation, Witt-Gasetechnik GmbH & Co. KG
Contents of the report:
1. Executive Summary
2. Industrial Gas Regulators Market Report Structure
3. Industrial Gas Regulators Market Trends And Strategies
4. Industrial Gas Regulators Market - Macro Economic Scenario
5. Industrial Gas Regulators Market Size And Growth
…..
27. Industrial Gas Regulators Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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