Global Gas Pressure Regulators Market is valued at USD 15109.36 Million in 2021 and expected to reach USD 20866.69 Million by 2028 with a CAGR of 4.72% over the forecast period.
Government spending in the production of new energy and oil & gas generation plants and maintenance of current ones will be a major developmental factor for t he global gas pressure regulators market.
Apart from regulating the pressure and the flow rate, gas pressure regulators also drop the requirement for pressure compensators, which can have a steady pressure. Relying on the type of application, these regulators can be big or tiny. The development of the industrial gas regulator market is powering the increasing requirement for industrial gasses, such as aviation, hydrogen, energy, helium and carbon dioxide, petrochemicals, power, electronics, petrochemical, and automotive sectors. Moreover, industrial gas is being employed in the automotive and aerospace heat treatment of metals. This has resulted in the existence of a typical gas pressure regulator market from a global point of view.
Based on gas type, the global gas pressure regulator market can be divided into toxic gases, corrosive gases, and inert gases. Based on product type, the global gas pressure regulator market can be divided into single stage and dual stage. Based o application, the global gas pressure regulator market can be divided into commercial and industrial. Based on end-use industry, the global gas pressure regulator market can be divided into oil & gas, chemical, healthcare, power generation, and other manufacturing.
The major players included in the global gas pressure regulators market forecast are,
Development of the gas pressure regulator market can be co-related directly with the performance of end use sectors, such as energy generation, oil & gas, and chemical. The market is also predicted to see significant spending by manufacturers in product development and innovation. Government spending in the production of new energy and oil & gas generation plants and maintenance of current ones will be a major developmental factor. The gas pressure regulators market is predicted to see strict safety laws over the coming period. Even though replacement requirement will have a primary role in market development, fluctuating performance of some major end-use industries and dropping replacement rates of gas pressure regulators are predicted to hinder the development of the global gas pressure regulator market. Current cost pressures on distributors and dealers are also predicted to be major restraining factors for this market.
Asia Pacific is predicted to drive the global market for gas pressure regulator in terms of demand. China is predicted to be a major market with a major market share all over the coming period. Solid development of the manufacturing industry in nations such as India will power the development of Asia Pacific gas pressure regulator market. North America and Europe are projected to be the next big markets for gas pressure regulators in terms of demand. Europe is predicted to have a comparatively high development rate in comparison to North America. Inside Europe, significant requirement for gas pressure regulators will arrive from the western area and Eastern European nations, such as Poland and Russia, which are predicted to see slight variation in terms of requirement.
|2018 - 2021
|2022 - 2028
|Market Size in 2021:
|USD 15109.36 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 20866.69 Million
|Tables, Charts & Figures:
|Emerson Electric Co, Honeywell International Inc., Praxair Inc., The Linde Group, Maxitrol Company, Colfax Corporation, Cavagna Group SPA, GCE Group, Air Liquide, Air Products and Chemicals Inc., Equipment & Controls, Airgas Inc, Pressure Tech
|By Product, By Platform, By End-Use Industries.
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, Africa, Rest of the Middle East and Africa
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