Increasing population in developing countries is a major contributor to residential construction growth. Moreover, increasing industrialization is also positively shaping the construction scenario around the world. Increasing industrialization is estimated to raise the demand for fuel and natural gases.
The use of gas pressure regulators is mandatory in production plants for regulating high gas pressure within the system. Moreover, gas pressure regulators are widely used in industrial furnace, gas boilers, large ovens, production plants, etc., in oil & gas industries. Therefore, the expanding oil & gas industry is forecasted to boost the demand for gas pressure regulators.
Moreover, continued coal-to-gas switch as industry energy source (especially in China), increasing availability of comparatively low-cost supplies (in North America and the Middle East), and continuing expansion of supplies of liquefied natural gas (LNG) are the prominent factors that are propelling the demand for natural gas. Increasing production and consumption of natural gas is forecasted to positively shape gas pressure regulators market growth.
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- Honeywell International
- Air Liquide SA
- Itron Inc.
- Emerson Electric Co.
- Air Products and Chemicals, Inc.
- Rotarex SA
- Watts Water Technologies, Inc.
- Linde plc.
- Matheson Tri-Gas, Inc.
- Medenus Gas-Druckregeltechnik GmbH
- Pietro Fiorentini S.p.a
- Essex Industries, Inc.
- Greggersen Gasetechnik GmbH
Growing Usage of Gas Pressure Regulators in Residential & Commercial Applications
The usage of single and double stage gas pressure regulators is significantly increasing in residential and commercial applications for various purposes. Safety concern is one of the reasons that is increasing the penetration of advanced gas pressure regulators in house and commercial applications as such regulators indicate gas leak or sudden change in pressure.
Moreover, manufacturers are developing high-tech gas pressure regulators for residential and commercial use. For instance, African Oxygen Limited (Afrox) launched a technologically-advanced gas-pressure regulator for residential and commercial applications.
Moreover, increasing implementation of pipeline gas services in different countries is forecasted to propel the demand for gas pressure regulators as supply of gases from gas utilities to houses and commercial sectors require gas pressure regulators at different stages for pressure regulations.
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Wide Range of Applications in Numerous Emerging Sectors
To abate water pollution, many governments are implementing stringent wastewater treatment policies. Various industries such as chemicals, pharmaceuticals, oil & gas, paper & pulp, and others are using chemicals for sustainable treatment of water.
Gas pressure regulators are used to reduce high pressure during gas purging in waste water. Moreover, gas pressure regulators are widely use in medical gas cylinders to regulate high pressure, as well as in other sectors such as research & academia, cutting & welding in manufacturing, automotive, mining, etc.
Thus, the increasing growth of the respective sectors is anticipated for accelerating the growth of the gas pressure regulators market.
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Gas Pressure Regulators Market: Structure Analysis
- The global gas pressure regulators market has a fairly fragmented competition landscape, where a number of manufacturers are focusing on expanding their business through expansions, mergers, and solid distribution partnerships.
- Majority of manufacturers are prioritizing product developments to increase offerings for gaining a larger customer base.
- To gain significant market share, manufacturers may continue to focus on inorganic growth strategies such as acquisitions, expansions, product innovations, etc.
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Analysts’ Viewpoint of Gas Pressure Regulators Market
The global gas pressure regulators market is projected to increase at a moderate CAGR during 2019–2029. Geographically, Europe and North America would hold a high share in the global gas pressure regulators market. Manufacturers focusing on a customer-centric approach and providing application-specific tools would stand to benefit from the opportunities available in the global gas pressure regulators market space.
Key Segments of Gas Pressure Regulators Market
PMR’s study on the gas pressure regulators market is divided into four significant segments- product type, gas type, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.
Key Questions Answered in PMR’s Gas Pressure Regulators Market Report
- Which region is anticipated to hold a prominent market share over the forecast period?
- What will be the key driving factors propelling demand for gas pressure regulators during the forecast period?
- Who are the significant market participants in the gas pressure regulators market?
- How will current trends impact the gas pressure regulators market?
- What are the crucial strategies of prominent players in the gas pressure regulators market to upscale their positions in this landscape?