Press release
Gas Equipment: A Leading Driver Behind Rising Demand For Industrial Gases Drive Growth Of Gas Equipment Market Market Expansion in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Gas Equipment Market Size By 2025?
In the past few years, the gas equipment market has seen substantial growth. It is projected that the market, which was worth $77.32 billion in 2024, will expand to $82.54 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.8%. Factors such as trade liberalization, research and development efforts, discoveries of natural gas, infrastructure development, and evolving regulatory changes over time have contributed to this growth in the historical period.
How Big Is the Gas Equipment Market Size Expected to Grow by 2029?
The market size of gas equipment is projected to experience robust expansion in the forthcoming years, ballooning to $109.3 billion in 2029 with a compound annual growth rate (CAGR) of 7.3%. Factors such as energy security issues, population rise, shift to renewable gas sources, digitization, and government subsidies are attributing to the growth in the forecast period. The forecast period is also expected to witness key trends including the adoption of circular economy norms, decentralized energy solutions, integration of smart infrastructure, carbon capture, and storage (CCS), along with hybrid gas-electric systems.
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Which Key Market Drivers Powering Gas Equipment Market Expansion and Growth?
The surge in the requirement for industrial gases, which are utilized in various fields, is fueling the expansion of the gas equipment market. These gases are produced for a variety of industrial uses, such as manufacturing, oil refinement, purification, and transport. Many of these are supplied in larger cylinders, which are purchased and employed in their pure state or mixed with other gases, and stored using various methods to satiate the demands of industrial purposes. Notable industrial gases include oxygen, nitrogen, hydrogen, and carbon dioxide, all of which are used for a range of applications. Carbon dioxide, for example, contributes significantly to procedures like enhanced oil recovery, fuel production, construction materials creation, as well as other applications, and can also be stored in underground geologic formations. Carbon Capture and Storage (CCS) installations necessitate diverse gas apparatus to capture carbon dioxide (CO2), thereby bolstering the demand for the gas equipment market. As per a study on the global requirement analysis for carbon dioxide originating from major industrial sources by ScienceDirect, a leading resource for scientific, technical, and medical research, carbon dioxide demand is projected to augment to 0.6 gigatonnes by 2030 and 6.1 gigatonnes by 2050. Consequently, the rising demand for industrial gases across various fields is anticipated to boost the growth of the gas equipment market in the foreseeable future.
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Which Fast-Growing Trends Are Poised to Disrupt the Gas Equipment Market?
In the gas equipment market, the evolution of technology is a prominent trend that is gaining momentum. Many leading companies in this field are working towards creating innovative technological solutions to consolidate their stand in the market. An example of this is SuperFlash LLC, a firm based in the US that focuses on compressed gas safety and management. In January 2022, they unveiled the GA300, a novel, portable, and compact gas analyzer. This device is particularly useful for systems lacking an internal analyzer, allowing for the scrutiny of gas mixtures. Operations in food, beverages, and numerous industrial production applications require gas analysis. The GA300 is not only lightweight, lasting, and requiring minimal maintenance, but it is also straightforward to use, thanks to its clear menus and digital LCD display. Weighing slightly over 13 lbs, the GA300 is designed to consistently observe gas mixes, with the ability to monitor up to 10 binary gas mixtures. Further advantages of the GA300 include its ability to log, record, and merge into the quality assurance procedure, on top of enabling precise analysis of gas mixtures.
What Are the Emerging 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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Who Are the Global Leaders in the Gas Equipment Market?
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.
Which are the Top Profitable Regional Markets for the Gas Equipment Industry?
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.
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