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.
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.
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.
Gas Pressure Regulators Market: Structure Analysis
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.
Gas Pressure Regulators Market - Report Scope
Persistence Market Research (PMR) recently published a study report on the global gas pressure regulators market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the gas pressure regulators market structure. This market research report presents exclusive facts and figures about how the gas pressure regulators market will grow over the forecast period.
Key indicators of market growth, such as supply chain and value chain analysis, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the gas pressure regulators market over the forecast period.
The study is relevant for stakeholders in the gas pressure regulators market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Industry experts, researchers, stakeholders, investors, and journalists, as well as business researchers in the gas pressure regulators market can leverage the information and statistics presented in PMR’s research report.
The report includes facts & figures related to the macro as well as microeconomic factors that are impacting the growth of the gas pressure regulators market. The study also offers actionable insights based on the future trends in the gas pressure regulators market. Furthermore, regional players/local players and new entrants in the gas pressure regulators market can also use the information presented in this report to make business decisions and gain momentum in the market.
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
Gas Pressure Regulators Market: Research Methodology
In PMR’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the gas pressure regulators market and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by assistant analysts to ensure precision and reliability of the conclusions.
Secondary resources referred by analysts during the evaluation of the gas pressure regulators market study comprise of the facts and figures from World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, product portfolio managers, sales operation managers, senior managers, marketing/product managers, market intelligence managers, and production managers to provide insightful information.
Comprehensive information acquired from primary resources and secondary resources is validated from companies operating in the gas pressure regulators market to make PMR’s projection on growth prospects of the gas pressure regulators market more accurate and reliable.