Forecast On Industrial Gas Regulators Market - Global Industry Analysis and Trends till 2024

Industrial gas regulators are control devices that maintain the gas pressure to ensure safe and effective operations in different applications across various industries. Pressure reducing regulators are used for maintaining desired outlet pressure while giving the necessary fluid flow which will satisfy the downstream demand. The pressure maintained by the regulator is called the set point of the regulator. Direct-Operated and Pilot-Operated are the two main types of pressure reducing regulators.

Direct-operated regulators have commercial and residential uses and they are used in domestic gas service. Pilot-Operated regulators are used where the flow rates are high and where accurate pressure control is mandatory. Gases are employed in industrial and chemical processes such as chemical production, electronic manufacturing, and analytical instrumentation. These process systems may operate at very low or very high temperatures and therefore it is essential that regulators are built to withstand such temperatures. Industrial gas regulators are used to control the pressure of a gas or fluid in the piping system. They are used for maintaining the direction of a fluid or gas which flows through the piping system. The primary function of an industrial gas regulator is to control and maintain the gas flow through the system to meet the requirement in the end-use applications.

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The expected growth in the chemical industry is likely to drive the demand for industrial gas regulators, as critical applications are involved chemical processing that require continuous and precise monitoring of gas supply. Rapid urbanization is leading to a surge in infrastructural as well as industrial activities worldwide, which is further increasing the demand for industrial gas regulators. Improving economic conditions of countries and technological advancements is facilitating the growth of this market.

The oil & gas industry is anticipated to register significant growth in the coming years. Gases such as argon, carbon dioxide, and oxygen find widespread applications in the oil & gas industry thus fostering the requirement of industrial gas regulators. However, the high cost involved in gas processing and the fluctuating demand patterns present challenges in the growth of the industrial gas regulators market. Furthermore, advancements in alternative technologies is also anticipated to present hurdles in the growth of this market.

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The industrial gas regulators market can be categorized, by solution, gas type, material, and applications. On the basis of type, the market can be categorized into single stage and dual stage. Based on gas type, the market can be further categorized into inert, corrosive and toxic. Furthermore, on the basis of material, the market can be segmented into brass and stainless steel. Depending on its applications, the industrial gas regulators market can be segmented into oil & gas, chemical, steel & metal processing, medical care, and food & beverage.

The major players in industrial gas regulators market include Emerson Electric Co., Cavagna Group S.p.A., the Linde Group, Colfax Corporation, Air Liquide, Praxair Technology, Inc., Air Products and Chemicals, Inc., Airgas, Inc., Air Products and Chemicals, Inc., GCE Group, and Itron, Inc.

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