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What’s the Forecast for the Global Industrial Gas Regulators Market Size and Growth?
The industrial gas regulators market has witnessed strong growth in the past few years. It is expected to increase from $17.45 billion in 2024 to $18.57 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. This robust growth during the historical period can be attributed to the surge in industrialization and manufacturing activities, the growing demand for precise pressure control in various applications, the expansion of the chemical, petrochemical, and pharmaceutical industries, and the need for reliable and high-performance gas handling equipment.
The market is further anticipated to reach $24.25 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. Key drivers for this strong forecasted growth include the shift towards specialty and high-purity gases in industries, the integration of smart and Internet-of-Things (IoT) enabled regulators, focus on energy efficiency, adoption of alternative fuel gases in energy and transportation sectors, and increasing application of gas handling in healthcare and life sciences.
What Are The Major Factors Driving The Industrial Gas Regulator Market Growth?
Rapid industrialization is expected to propel the growth of the industrial gas regulator market in the future. Industrialization refers to the transformation of an economy from a largely agricultural focus to one centered on the production of goods. In recent years, India has emerged as a significant manufacturing hub, with projections that its manufacturing sectors will exceed $500 billion by 2030, as reported by the India Brand Equity Foundation (IBEF) in March 2022. This increased production, combined with the growing necessity for industrial gas regulators in diverse industries, is a key factor driving market growth.
What Are The Segments Within the Global Industrial Gas Regulators Market?
• By Type: Single Stage, Dual Stage
• By Gas: Inert, Corrosive, Toxic
• By Material: Brass, Stainless Steel
• By Application: Oil and Gas, Chemical, Steel and Metal Processing, Medical Care, Food and Beverages, Other
Which Key Companies Are Dominating The Industrial Gas Regulators Market?
Prominent companies operating in the industrial gas regulators market include Emerson Electric Co., Linde plc, Air Liquide S.A., Praxair Inc., Air Products and Chemicals Inc., GCE Group, Cavagna Group S.p.A., Iwatani Corporation, Messer Group GmbH, Matheson Tri-Gas Inc., and others.
What Are The Emerging Trends In The Industrial Gas Regulators Market?
Technological advancements are a key trend shaping the industrial gas regulator market. Companies are developing innovative products to augment their market presence. For instance, Emerson, a leading industrial technology company, introduced the TESCOM™ 26-2400 Series, a high-pressure, air-loaded regulator designed for industrial gas applications, in June 2022. This product incorporates automated control technology, enabling remote monitoring and adjustment of gas pressure to enhance safety and operational efficiency.
What Does The Regional Analysis Reveal About The Industrial Gas Regulators Market?
North America represented the largest regional market for industrial gas regulators in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The industrial gas regulators market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Industrial Gas Regulators Market Offer?
Industrial gas regulators are devices used to regulate the pressure and direction of fluid or gas in industrial piping systems. These regulators provide precise pressure control when gas enters the chamber, delivering fuel from the source to the appliance or device at a specific flow. The Industrial Gas Regulators Market offers insights into market size, growth rates, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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