Published on : Oct 18, 2017
Albany, New York, October 18, 2017: Gas pressure regulators serve an important purpose of reducing the amount of pressure released from the high-pressure cylinder to a workable level. The processing system in different industries operates at varying temperature and therefore necessitates the use of gas regulators to maintain such temperatures. The industrial gas regulators are widely used gas regulators applicable in a large number of applications across industries which includes oil & gas, chemical, steel & metal processing, pharmaceutical, food & beverages and others. With a prime focus on global trends and factors present in the industrial gas regulators market, a study titled “Industrial Gas Regulator Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has been broadcasted to the mega-repository of Market Research Hub (MRH). The study provides a holistic perspective on industrial gas regulator market growth in terms of revenue estimates (in US$ Mn) and volume (in Mn Units) in some of the key regions, such as North America, Asia Pacific, Europe, South America, and the Middle East & Africa.
According to the latest study findings, the global industrial gas regulator market will expand at a CAGR of 3.11% for the forecast period between 2017 and 2025, for the market to be evaluated at US$18,240 million by the end of 2025. The market stood at a valuation of US$13,783.7 mn in 2016. The primary factor driving the global industrial gas regulator market is the growing demand for industrial gases for power generation and for the operating of industrial units.
Industrial gas regulators are used in several industrial processes as key control devices to maintain gas pressure. They are used for controlling, maintaining and monitoring the pressure of the gas and its flow. In the initial section, the executive summary of the report provides a snapshot of the industrial gas regulator with information on foremost segments, country wise market information with respect to market size, growth rate and factors. Additionally, the report studies the global industrial gas regulator market on the basis of application, gas type, regulator type and region.
Based on the gas type, the industrial gas regulators have been categorized into inert, corrosive and toxic type. On the other hand, regulator type used are Single Stage and Dual Stage. Between, the segment of dual stage industrial regulator is likely to hold 31.8% market share until the end of the forecast period in 2025. Moreover, the ever-increasing demand for inert gas across industries such as oil and gas, steel and metal processing, chemicals and pharmaceuticals propelling the segment growth. In terms of geography, North America stood as the leading revenue generating region in 2016 followed by Europe. In the years ahead too, these regions are expected to maintain their dominant positions.
The study finds that key players in the oil and gas sector are pouring money into innovation and product development that will help them gain a competitive advantage in the industrial gas regulator market. The developments of newer products are likely to overcome the downsides of predecessor products that are subject to strict regulations for safety reasons, which will work in favor of the industrial gas regulator market.
At last, the study concludes with an important section of competitive landscape which highlights the key players active in the market. The key players profiled in this report include Praxair Technology, Inc., Emerson Electric Co., The Linde Group, Honeywell Process Solutions, Air Liquide S.A., Air Products and Chemicals Inc., GCE Group, Cavagna Group Spa., Rotarex S.A. and Itron, Inc.
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