Gas Equipment Market Anticipated To Witness Robust Growth, Surpassing $109.3 Billion By 2029

The Gas Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Gas Equipment Market Size and Projected Growth Rate?
In recent times, the gas equipment market has experienced significant growth. It is projected to increase from a value of $77.32 billion in 2024 to $82.54 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. The expansion during the historic period can be associated with factors such as trade liberalization, ongoing research and development projects, discoveries of natural gas, the improvement of infrastructure, and changing regulations over time.

In the coming years, the gas equipment market is set for robust expansion. It is projected to reach $109.3 billion by 2029, with a compound annual growth rate (CAGR) of 7.3%. The surge anticipated in the forecast period is due to factors like energy security issues, population increase, a pivot towards renewable gas, digital transformation, and government incentives. Key projections for the forecast period include the adoption of a circular economy approach, distributed energy resources, integration with smart infrastructure, carbon capture, and storage (CCS), as well as hybrid gas-electric systems.

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What Are the Major Segments in the Gas Equipment Market?
The gas equipment market covered in this report is segmented -

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

Subsegments:
1) By Gas Delivery Systems: Cylinder Regulators, Piping And Distribution Systems
2) By Gas Regulators: Pressure Regulators, Flow Regulators
3) By Flow Devices: Flow Meters, Mass Flow Controllers
4) By Purifiers And Filters: Gas Purifiers, Particle Filters
5) By Gas Generating Systems: Oxygen Generators, Nitrogen Generators
6) By Gas Detection Systems: Fixed Gas Detectors, Portable Gas Detectors
7) By Cryogenic Products: Cryogenic Tanks, Cryogenic Valves And Accessories
8) By Accessories: Hoses And Fittings, Safety Equipment

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What Are The Driving Gas Equipment Market Evolution?
The burgeoning need for industrial gases across a variety of uses is fuelling the expansion of the gas equipment industry. With uses ranging from manufacturing and oil refining, to sanitation and transport, industrial gases are consistently in demand. Consequently, larger cylinders are often required to cater to these demands, holding gases in either pure or composite forms. Industrial gases such as oxygen, nitrogen, hydrogen, and carbon dioxide, are used in a myriad of ways. Carbon dioxide, for instance, proves very effective when used in the augmentation of oil recovery, creating fuels, constructing materials and other products, or when stored beneath the earth in geological formations. Carbon Capture and Storage (CCS) facilities, which are necessary for retaining carbon dioxide, require a range of gas equipment, further strengthening the demand in the gas equipment industry. Research published by ScienceDirect, a worldwide scientific, technical and medical research database, revealed that the demand for carbon dioxide is forecasted to escalate to 0.6 gigatonnes by 2030, and rise further to 6.1 gigatonnes by 2050. Therefore, it is believed that the escalating demand for industrial gases for a plethora of uses will stimulate growth within the gas equipment sector in the years ahead.

Which Firms Dominate The Gas Equipment Market Segments?
Major companies operating in the gas equipment market include Nippon Sanso Holdings Corporation., Linde plc, Air Liquide S.A., ABB Ltd., Parker Hannifin Corporation, Atlas Copco AB, Praxair Inc., Iwatani Corporation, Colfax Corporation, Donaldson Company Inc., Matheson Tri-Gas Inc., Messer SE & Co. KGaA, Chart Industries Inc., Filtration Group Inc., Camfil AB, Johnson Thermal Systems Inc., GCE Holding AB, Cryostar SAS, FIBA Technologies Inc., Xebec Adsorption Inc., Gas Control Equipment Ltd., Hannay Reels Inc., Rexarc International Inc., Welsco Inc., Advanced Specialty Gases., Gasco Affiliates LLC, Generon IGS Inc., Global Gases Group Pte Ltd., Haskel International Inc.

What Trends Are Expected to Dominate the Gas Equipment Market in the Next 5 Years?
Advancements in technology are an emerging trend gaining traction in the gas equipment market. Several prominent companies in the sector are focusing their efforts on innovative technology solutions to bolster their market presence. For example, SuperFlash LLC, an American company specializing in compressed gas safety and management, debuted their mobile and compact gas analyzer, the GA300, in January 2022. The GA300 is capable of analyzing gas mixtures in systems that do not have a built-in analyzer. This function is indispensable for a variety of industrial production applications, including food and beverages. The GA300, a light, sturdy, low-maintenance unit, is user-friendly thanks to easily navigable menus and a digital LCD display. Despite weighing just over thirteen pounds, it is designed to continuously monitor gas blends. It has the capability to monitor up to 10 binary gas mixtures. The GA300 has several additional benefits including, data recording, documentation, and incorporation into quality assurance processes, along with precise gas mixture analysis.

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Which Is The Largest Region In The Gas Equipment Market?
North America was the largest region in the gas equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gas equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Gas Equipment Market?
2. What is the CAGR expected in the Gas Equipment Market?
3. What Are the Key Innovations Transforming the Gas Equipment Industry?
4. Which Region Is Leading the Gas Equipment Market?

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