Press release
Industrial Gas Regulators Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Industrial Gas Regulators Market
The industrial gas regulator market's expansion is anticipated to be fueled by swift industrialization. The term industrialization describes the evolution of an economy from primarily agriculture-based to one centered around goods production. Numerous types of goods have sprung from this economic transformation across many industries, including industrial gas regulators. For instance, in March 2022, the India Brand Equity Foundation (IBEF), a government agency from India promoting exports, projected that Indian manufacturing sectors will exceed $500 billion in value by 2030. Numerous companies have begun their production in India, like the initial solar company that launched an establishment in Tamil Nadu. Furthermore, Zoho poured $13.4 million into R&D manufacturing. Accordingly, the fast-paced industrialization boosts the growth of the industrial gas regulator market.
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What is the projected compound annual growth rate (CAGR) of the industrial gas regulators market from 2025 to 2034, and what factors influence it?
The market size for industrial gas regulators has seen significant growth in the past few years. The prediction suggests that from $17.45 billion in 2024, it will increase to $18.57 billion in 2025, maintaining a compound annual growth rate (CAGR) of 6.4%. Several contributing factors to this growth in the past include the rise in industrial and manufacturing activities, expanded use of industrial gases in multiple applications, the necessity for accurate pressure control and regulation in operations, expansion in the fields of chemical, petrochemical, and pharmaceutical industries, and a greater demand for reliable and high-performance gas handling apparatus.
Expectations suggest that the industrial gas regulators market will experience solid growth in the coming years as it is projected to reach a value of $24.25 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.9%. The projected growth in this period has roots in the ongoing shift towards specialty and high-purity gases in various industries, the implementation of smart and IoT-based regulators for improved monitoring and control, the prioritizing of energy efficiency and sustainable gas handling solutions, the increasing use of substitute fuel gases in the energy and transportation sectors, and the expanding use of gas handling in the healthcare and life sciences sectors. Notable trends for the forecast period include integrated pressure and flow control, high-accuracy and ultra-high-purity regulators, digital and electronic pressure regulation, remote supervision and control through IoT, along with dual-stage and multi-stage pressure regulation.
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How are the latest trends influencing the growth of the industrial gas regulators market?
The trend of technological innovation is progressively becoming a prominent aspect in the industrial gas regulator market. Major players in the market are inventing new technologies to reinforce their market stance. To illustrate, in June 2022, Emerson, a prominent industrial technology firm, unveiled the TESCOMTM 26-2400 Series, a cutting-edge high-pressure, air-loaded regulator crafted for industrial gas operations. This product amalgamates automated control technology, which supports remote supervision and adjustment of gas pressure, enhancing safety measures and operational effectiveness. It incorporates a state-of-the-art pressure relief system and Internet of Things (IoT) capabilities, permitting users to monitor performance statistics live, thus ensuring accurate control in challenging industrial conditions. These forward steps seek to cater to the surging requirement for effective and safe gas regulation in various industries such as healthcare, manufacturing, and energy.
What are the major segments of the industrial gas regulators market and their role in driving growth?
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
Subsegments:
1) By Single Stage: Low-Pressure Single Stage Regulators, High-Pressure Single Stage Regulators
2) By Dual Stage: Low-Pressure Dual Stage Regulators, High-Pressure Dual Stage Regulators
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Which regions are key players in the growth of the industrial gas regulators market?
North America was the largest region in the industrial gas regulator market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial gas regulators market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the industrial gas regulators market?
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
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What Is Covered In The Industrial Gas Regulators Global Market Report?
•Market Size Forecast: Examine the industrial gas regulators market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial gas regulators market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial gas regulators market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial gas regulators market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial gas regulators market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial gas regulators market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial gas regulators market.
•Competitive Landscape: Review strategic developments in the industrial gas regulators market, including expansions, agreements, and new product launches.
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