Industrial Gas Regulator Market is estimated to be US$ 23.56 Million by 2030 with a CAGR of 3.7% during the forecast period
Industrial Gas Regulators Market is expected to grow at a rate of 4.56% for the forecast period of 2020 to 2030. Gas regulators are devices that keep the weight of the gas in the mechanical zone at the proper level for effective tasks in a variety of modern applications. The set purpose of modern controllers is the precise weight maintained by the controllers. The rising use of natural gas as a substitute for conventional fossil fuels is predicted to propel the global industrial gas regulators market forward.
The report " Global Industrial Gas Regulator Market, By Product (Pressure Reducing Regulators, Flow Regulators, Back Pressure Regulators, Point of Use Regulators), By Gas Type (Inert, Toxic, Corrosive), By Material Type (Brass and Stainless Steel), By Regulator Type (Single Stage and Dual Stage), By End Use Industry (Oil & Gas, Steel, Chemical, and Metal Processing, Pharmaceuticals), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030’’
Key Highlights:
· In July 2019, Emerson Electric Co. launched new wireless gas sensors to increase toxic gas safety for plant sites.
Analyst View:
The target market's expansion is being fueled by an increasing number of end-use sectors such as energy generation, oil & gas, and chemical industries, as well as quick technological advancements and product transformations in industrial gas regulators. Other factors driving the target market's growth include government investment in the construction and maintenance of new oil and gas and energy producing facilities.
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Key Market Insights from the report:
The global industrial gas regulator market report segments the market on the basis of product, gas type, material type, regulator type, end use industry, and region.
· Based on Type, Global Industrial Gas Regulator Market is segmented into Pressure Reducing Regulators, Flow Regulators, Back Pressure Regulators, Point of Use Regulators.
· Based on Gas Type, Global Industrial Gas Regulator Market is segmented into Inert, Toxic, Corrosive.
· Based on Material Type, Global Industrial Gas Regulator Market is segmented into Brass and Stainless Steel.
· Based on Regulator Type, Global Industrial Gas Regulator Market is segmented into Single Stage and Dual Stage.
· Based on End-User Industry, Global Industrial Gas Regulator Market is segmented into Oil & Gas, Steel, Chemical, and Metal Processing, Pharmaceuticals.
· By Region, the Global Industrial Gas Regulator Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Industrial Gas Regulator Market:
Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global industrial gas regulator market. Key players have adopted mergers & acquisitions and new product developments to strengthen their positions in the global industrial gas regulator market. For instance, in July 2019, Emerson Electric Co. launched new wireless gas sensors to increase toxic gas safety for plant sites. Key players in the Global Industrial Gas Regulator Market include, The Linde Group, Air Liquide S.A., Emerson Electric Co., Praxair Technology, Inc., Air Products & Chemicals Inc., GCE Holding AB, Cavagna Group S.p.A, Honeywell Process Solutions, Itron Inc. and Rotarex
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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