Gas Pressure Regulator Market
Global Market Study on Gas Pressure Regulators: Expanding Oil & Gas Industry to Boost the Growth
Gas Pressure Regulators Market Segmented By Medical Gas Pressure Regulators, Industrial Gas Regulator, Cylinder Pressure Regulator, Compressed Gas Pressure Regulator
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 Report
- How much is the gas pressure regulator market worth?
The gas pressure regulator market is expected to reach US$ 2.4 Bn in the year 2021, thereby placing itself as the “high value” market.
- What will be the demand outlook for gas pressure regulator market?
The market for gas pressure regulators is expected to expand at 3.6% CAGR through 2031.
- What was the last 5 year market CAGR?
The gas pressure regulator market witnessed a CAGR of 3% between 2015 and 2020.
- What are the key trends of gas pressure regulator market?
The ongoing trend is that of production plants being mandated to use gas pressure regulators to regulate high gas pressure in the system. Large ovens, gas boilers, and industrial furnaces are not supposed to operate without gas pressure regulators.
- What is driving demand for gas pressure regulators?
The demand for gas pressure regulators is driven by switch over from coal to gas on the continuous basis, low-cost supplies being available in MEA and North America, and extended expansion of supplies of LPG.
- What is the market share of top 5 players?
The top 5 players (Honeywell International, Itron Inc., Air Liquide SA, Emerson Electric Co., and Xylem) exercise control over more than 70% of the overall market.
- What are the top 5 geographies driving demand?
The top 5 regions driving demand include the US, Europe, Japan, China, and Southeast Asia.
- What is the North America’s market Outlook?
North America is expected to grow on a sizable note between 2021 and 2031 with the US leading from the front.
- At what percentage gas pressure regulator market is going to register growth in Europe?
Europe is expected to grow at the rate of 2% in the gas pressure regulator market between 2021 and 2031.
- What is the key market statistics in Korea and Japan?
Japan is expected to hold more than 50% of market share from the Asia-Pacific.