Top Trends Transforming the Gas Equipment Market Landscape in 2025: Technological Advancements Driving Innovation In Gas Equipment Market

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What Will the Gas Equipment Industry Market Size Be by 2025?
In the past few years, the gas equipment market size has experienced a consistent expansion. From 2024 to 2025, there will be a rise from $77.32 billion to $81.16 billion, reflecting a compound annual growth rate (CAGR) of 5.0%. The historic period's growth can be credited to factors such as trade liberalization, research and development endeavors, discovery of natural gas, infrastructure progression, and regulatory alterations over time.

What's the Long-Term Growth Forecast for the Gas Equipment Market Size Through 2029?
The market size of gas equipment is projected to experience significant expansion in the upcoming years. It is estimated to escalate to $105.26 billion in 2029, with a compound annual growth rate (CAGR) of 6.7%. The projected growth during this period can be accounted for by factors such as concerns regarding energy security, population increase, a shift in preference towards renewable gas, digital transformation, and governmental financial support. Key trends anticipated in this period encompass practices of the circular economy, decentralized energy resolutions, the incorporation of smart infrastructure, carbon capture and storage (CCS), as well as hybrid gas-electric systems.

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What Are the Key Growth Drivers Fueling the Gas Equipment Market Expansion?
The surge in demand for industrial gases, used in a multitude of applications, is propelling the expansion of the gas equipment market. These gases are produced for various industrial uses such as manufacturing, oil refining, cleaning, and transportation. To accommodate the requirements of these industrial operations, many gases are supplied in considerably larger cylinders, purchased and used either in their pure form or mixed with other gases, and stored in different manners. Oxygen, nitrogen, hydrogen, and carbon dioxide are amongst the industrial gases utilized for a multitude of purposes. Carbon dioxide, for instance, can be effectively used in numerous procedures like enhanced oil recovery, fuel production, construction material manufacturing, among others, or it can be kept in underground geological formations. Facilities for Carbon Capture and Storage (CCS) which aim to contain carbon dioxide (CO2), necessitate the use of various gas equipment thereby, increasing the demand in the gas equipment market. As per a research conducted by ScienceDirect, a global repository for scientific, technical, and clinical studies, the demand for carbon dioxide is forecasted to climb to 0.6 gigatonnes by 2030, and reach 6.1 gigatonnes by 2050. Hence, the burgeoning demand for industrial gases for multiple applications is predicted to drive the expansion of the gas equipment market in the ensuing years.

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What Are the Key Trends Driving Gas Equipment Market Growth?
The augmentation of technology is an increasing trend noticeable in the gas equipment market. Companies prominent in the gas equipment market are concentrating on creating innovative technological approaches to solidify their market presence. For instance, SuperFlash LLC, a firm specializing in compressed gas safety and management based in the US, introduced the GA300 in January 2022. This new, mobile, and compact gas analyzer is a solution designed for systems that lack an inbuilt analyzer, facilitating the analysis of gas mixtures. Industries such as food, beverages, and a number of other industrial productions heavily rely on gas analysis. The GA300, minimalistic in design, featuring easy-to-use menus and a digital LCD screen, is developed to be lightweight, durable, and requires low maintenance. This device, weighing slightly over 13 lbs, is engineered to continuously monitor gas mixtures. It can keep track of up to 10 binary gas mixtures. Besides offering accurate analysis of gas mixtures, the GA300 has the ability to record, document, and integrate into quality assurance processes.

How Is the Gas Equipment Market Segmented?
The gas equipmentmarket 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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Which Companies Are Leading the Charge in Gas Equipment Market Innovation?
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 Regions Are Leading the Global Gas Equipment Market in Revenue?
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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