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Industrial Gas Regulator Market Size, Share Global Analysis Report, 2022–2028
Industrial Gas Regulator Market By Type (Single Stage, Dual Stage), By Gas Type (Inert, Toxic, Corrosive), By Material (Brass, Stainless Steel), By Application (Oil & Gas, Chemical, Steel & Metal Processing, Medical Care, Food & Beverage), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast 2022–2028
Industry Insights
[210+ Pages Report] According to Facts and Factors, the global industrial gas regulator market was worth around USD 16,729.5 million in 2021 and is estimated to grow to about USD 21,786.1 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.5% over the forecast period. The report analyzes the industrial gas regulator market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the industrial gas regulator market.
Market Overview
Industrial gas regulators are devices used in industries to maintain and regulate pressures for multiple industrial processes to ensure optimum safety and high working efficiency. These devices have found special application scope in safety systems and failsafe systems that ensure the integrity of industrial equipment and cause a safe shutdown in case of adverse situations.
Increasing focus on the regulation of gases, rising safety demand, high use of gases in multiple industries, increasing demand for multiple gases in industries, and rapid industrialization are the key factors that will propel industrial gas regulator market growth through the forecast period. High costs and increasingly strict mandates are expected to have a restraining effect on the global industrial gas regulator market potential through 2028.
COVID-19 Impact:
The COVID-19 pandemic led to an extremely negative impact on the demand outlook for the industrial gas regulator market in the year 2020 as the industrial activity came to a near halt under lockdown restrictions on a global scale. These lockdowns adversely affected businesses on a global scale and had a major negative impact on multiple industries owing to disrupted operations under unpredictable circumstances. Lockdowns restricted supply chains and logistics operations which led to a shortage of raw materials for industries and eventually had a hindering effect on the global industrial gas regulator market growth in this period.
However, as the industrial activity returns to normal we are expecting the industrial gas regulator market scope to see a steady rise in demand through the post-pandemic era. High demand for industrial activity and rising industrialization will be major trends propelling the market growth after the pandemic of 2020.
Growth Drivers
- Increasing Scope of Application in Multiple Sectors
Governments across the world are implementing stringent mandates to manage waste and treat it in an effective manner and this is expected to benefit the industrial gas regulator market growth over the forecast period. Gas pressure regulators are used in treatment plants to regulate pressure in the waste during the treatment processes and these regulators are also finding a wide scope of application in the healthcare and medical industries as demand for gases increases in this sector. The industrial gas regulator market is expected to be majorly driven by this rising scope of application and see a bright outlook through the forecast period.
Restraints
- High costs to restrain industrial gas regulator market growth
Industrial gas regulators are advancing and are now coming equipped with advanced technologies which are making them costlier and this is expected to hinder industrial gas regulator market growth in the long run and restrain potential. Industrial gas regulator manufacturers are focusing on lowering the costs and are investing in product development that will boost sales and encourage industrial gas regulator market growth over the forecast period.
Segmentation Analysis
The global industrial gas regulator market is segregated based on type, gas type, application, and region.
By Type, the market is divided into Single Stage and Dual Stage. The single stage segment is expected to have a dominant outlook over the forecast period owing to the rising scope of application and relatively low cost compared to the dual stage industrial gas regulator. The dual stage industrial gas regulator segment is also anticipated to rise at a fast pace and have a bright outlook through 2028.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 16,729.5 Million |
Projected Market Size in 2028 |
USD 21,786.1 Million |
CAGR Growth Rate |
4.5% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Emerson Electric Co. (U.S.), The Linde Group (Germany), Air Liquide S.A. (France), Praxair Inc. (U.S.), and Air Products and Chemicals Inc. (U.S.). |
Key Segment |
By Type, Gas Type, Material, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Regional Landscape
Asia Pacific region leads the global industrial gas regulator market in terms of revenue and volume share and is anticipated to maintain this stance through the forecast period owing to rising industrial infrastructure owing to rapid industrialization in this region. The industrial gas regulator market is expected to be favored by supportive government initiatives and rising investments in the industrial sectors in this region. Primarily emerging economies such as India and China are expected to be the most lucrative markets in this region over the forecast period. Increasing infrastructural activity will also play a crucial role in industrial gas regulator market development through 2028.
Recent Developments
- In August 2021 – ESAB a leading industrial company announced the launch of its new gas regulators for multiple industrial and commercial applications. The FE300 and ProStage gas regulators are coming from a state-of-the-art new gas equipment factory in European Union
Competitive Landscape
Some of the main competitors dominating the global industrial gas regulator market include -
- Emerson Electric Co. (U.S.)
- The Linde Group (Germany)
- Air Liquide S.A. (France)
- Praxair Inc. (U.S.)
- Air Products and Chemicals Inc. (U.S.)
The global industrial gas regulator market is segmented as follows:
By Type Segment Analysis
- Single Stage
- Dual Stage
By Gas Type Segment Analysis
- Inert
- Corrosive
- Toxic
By Material Segment Analysis
- Brass
- Stainless Steel
By Application Segment Analysis
- Oil & Gas
- Chemical
- Steel & Metal Processing
- Medical Care
- Food & Beverage
By Regional Segment Analysis
- North America
- The U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Reunion
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Content
Industry Major Market Players
- Emerson Electric Co. (U.S.)
- The Linde Group (Germany)
- Air Liquide S.A. (France)
- Praxair Inc. (U.S.)
- Air Products and Chemicals Inc. (U.S.)
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