Industrial Gas Regulators Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032
The global industrial gas regulators market size was estimated to be US$ 15.5 Billion in 2022 and is expected to reach US$ 24.5 Billion by 2032 at a CAGR of 4.7%.
Rising demand for natural gas fueled power generation, incorporation of advanced technologies in industrial gas regulators, and stringent regulations governing occupational health & safety are the factors shaping the growth of the global industrial gas regulator market. An industrial gas regulator is a device used to monitor and control the pressure of the gases used in industrial processes to ensure optimal process throughput and enhance safety of the process loop. Advancement in technology has led to the adoption of sophisticated control and monitoring devices.
Industrial gas regulators are witnessing increased demand owing to the expansion of applications utilizing natural gas fueled by green energy initiatives across major countries. The demand for industrial gas regulators from oil & gas industry to monitor and regulate the flow of gases in downstream applications has contributed a major share in the past decade. Enacting and implementation of strict safety regulations is another factor fueling the demand for industrial gas regulators. The global industrial gas regulator market is anticipated to grow significantly during the forecast period.
Asia Pacific contributed a dominating share to the global industrial gas regulators market in 2019 and is anticipated to be the fastest growing segment during the forecast period owing to increased demand from metal & mining, chemical & pharmaceuticals and oil & gas industries. Expansion of manufacturing industry across China, India, Indonesia and other Southeast Asian countries is anticipated to bolster the growth of Asia Pacific industrial gas regulator market during the forecast period. North America & Europe collectively contributed a dominating share to the global market in 2019. Europe is anticipated to grow significantly during the forecast period with western European countries being the major growth contributors.
The report titled “Industrial Gas Regulators Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global industrial gas regulators market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Emerson Electric Co. reported revenues of USD 12,202 million in 2019 and the product segment analysis of the company indicates that Measurement & Analytical Instrumentation business segment of the company dominated revenue in 2019.
The global industrial gas regulators market is segmented on the basis of type, gas type, material, end use industry, and geography. Based on type, the global industrial gas regulators market is segmented into single stage industrial gas regulator and dual stage industrial gas regulator. Based on gas type, the global industrial gas regulators market is segmented into inert gas regulator, corrosive gas regulator, and toxic gas regulator. Based on material, the global industrial gas regulators market is segmented into stainless steel, brass, and others. Based on end use industry, the global industrial gas regulators market is segmented into automotive, aerospace & defense, oil & gas, chemical & pharmaceuticals, energy & utility, food & beverages, metal & mining, healthcare and others. Based on geography, the global industrial gas regulators market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on Industrial Gas Regulators. Further, market share of prominent companies in the global Industrial Gas Regulators market would also be estimated. For instance, Emerson Electric Co. operates through four Measurement & Analytical Instrumentation, Valves, Actuators & Regulators, Industrial Solutions, and Process Control Systems & Solutions. The industrial gas regulators products are delivered under Valves, Actuators & Regulators business segment of the company with revenue contribution of US$ 3,794 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the industrial gas regulators companies. The global industrial gas regulators market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the industrial gas regulators business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global industrial gas regulators market.
Major players active in the global industrial gas regulators market include Air Liquide S.A., Air Products and Chemicals Inc., Airgas, Inc., Cavagna Group SPA, Colfax Corporation, Emerson Electric Co., GCE Holding AB, Honeywell Process Solutions, Itron Inc., Praxair Inc., Rotrax, and The Linde Group.
Market Segmentation
By Type
- Single Stage
- Dual Stage
By Gas Type
- Inert Gas Regulator
- Corrosive Gas Regulator
- Toxic Gas Regulator
By Material
- Stainless Steel
- Brass
- Others
By End Use Industry
- Automotive
- Aerospace & Defense
- Oil & Gas
- Metal & Mining
- Chemical
- Healthcare
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Industrial Gas Regulators Market
- Global Industrial Gas Regulators Market Qualitative Analysis
- Ecosystem Analysis
- Role of participants
- Integration scenario
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 5 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- Supply Demand Scenario
- Rules & Regulations
- Ecosystem Analysis
- Global Industrial Gas Regulators Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- Global Industrial Gas Regulators Market Estimates (US$ Mn, Units, US$), by Type, 2019 – 2032
- Single Stage
- Dual Stage
- Global Industrial Gas Regulators Market Analysis and Forecast, by Gas Type
- Overview and definitions
- Key segment analysis
- Global Industrial Gas Regulators Market Estimates (US$ Mn), by Gas Type, 2019 – 2032
- Inert Gas Regulator
- Corrosive Gas Regulator
- Toxic Gas Regulator
- Global Industrial Gas Regulators Market Analysis and Forecast, by Material
- Overview and definitions
- Key segment analysis
- Global Industrial Gas Regulators Market Estimates (US$ Mn), Material, 2019 – 2032
- Stainless Steel
- Brass
- Others
- Global Industrial Gas Regulators Market Analysis and Forecast, by End Use Industry
- Overview and definitions
- Key segment analysis
- Global Industrial Gas Regulators Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Automotive
- Aerospace & Defense
- Oil & Gas
- Metal & Mining
- Chemical
- Healthcare
- Others
- Global Industrial Gas Regulators Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Industrial Gas Regulators Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Industrial Gas Regulators Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Industrial Gas Regulators Market Estimates (US$ Mn, Units, US$), by Type, 2019 – 2032
- Single Stage
- Dual Stage
- North America Industrial Gas Regulators Market Estimates (US$ Mn), by Gas Type, 2019 – 2032
- Inert Gas Regulator
- Corrosive Gas Regulator
- Toxic Gas Regulator
- North America Industrial Gas Regulators Market Estimates (US$ Mn), Material, 2019 – 2032
- Stainless Steel
- Brass
- Others
- North America Industrial Gas Regulators Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Automotive
- Aerospace & Defense
- Oil & Gas
- Metal & Mining
- Chemical
- Healthcare
- Others
- North America Industrial Gas Regulators Market Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Rest of North America
- Europe Industrial Gas Regulators Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Industrial Gas Regulators Market Estimates (US$ Mn, Units, US$), by Type, 2019 – 2032
- Single Stage
- Dual Stage
- Europe Industrial Gas Regulators Market Estimates (US$ Mn), by Gas Type, 2019 – 2032
- Inert Gas Regulator
- Corrosive Gas Regulator
- Toxic Gas Regulator
- Europe Industrial Gas Regulators Market Estimates (US$ Mn), Material, 2019 – 2032
- Stainless Steel
- Brass
- Others
- Europe Industrial Gas Regulators Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Automotive
- Aerospace & Defense
- Oil & Gas
- Metal & Mining
- Chemical
- Healthcare
- Others
- Europe Industrial Gas Regulators Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Belgium
- Spain
- Rest of Europe
- Asia Pacific Industrial Gas Regulators Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Industrial Gas Regulators Market Estimates (US$ Mn, Units, US$), by Type, 2019 – 2032
- Single Stage
- Dual Stage
- Asia Pacific Industrial Gas Regulators Market Estimates (US$ Mn), by Gas Type, 2019 – 2032
- Inert Gas Regulator
- Corrosive Gas Regulator
- Toxic Gas Regulator
- Asia Pacific Industrial Gas Regulators Market Estimates (US$ Mn), Material, 2019 – 2032
- Stainless Steel
- Brass
- Others
- Asia Pacific Industrial Gas Regulators Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Automotive
- Aerospace & Defense
- Oil & Gas
- Metal & Mining
- Chemical
- Healthcare
- Others
- Asia Pacific Industrial Gas Regulators Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Taiwan
- Australia
- Rest of Asia Pacific
- Middle East & Africa Industrial Gas Regulators Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Industrial Gas Regulators Market Estimates (US$ Mn, Units, US$), by Type, 2019 – 2032
- Single Stage
- Dual Stage
- Middle East &Africa Industrial Gas Regulators Market Estimates (US$ Mn), by Gas Type, 2019 – 2032
- Inert Gas Regulator
- Corrosive Gas Regulator
- Toxic Gas Regulator
- Middle East & Africa Industrial Gas Regulators Market Estimates (US$ Mn), Material, 2019 – 2032
- Stainless Steel
- Brass
- Others
- Middle East & Africa Industrial Gas Regulators Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Automotive
- Aerospace & Defense
- Oil & Gas
- Metal & Mining
- Chemical
- Healthcare
- Others
- Middle East & Africa Industrial Gas Regulators Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- Rest of Middle East
- South America Industrial Gas Regulators Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Industrial Gas Regulators Market Estimates (US$ Mn, Units, US$), by Type, 2019 – 2032
- Single Stage
- Dual Stage
- South America Industrial Gas Regulators Market Estimates (US$ Mn), by Gas Type, 2019 – 2032
- Inert Gas Regulator
- Corrosive Gas Regulator
- Toxic Gas Regulator
- South America Industrial Gas Regulators Market Estimates (US$ Mn), Material, 2019 – 2032
- Stainless Steel
- Brass
- Others
- South America Industrial Gas Regulators Market Estimates (US$ Mn), by End Use Industry, 2019 – 2032
- Automotive
- Aerospace & Defense
- Oil & Gas
- Metal & Mining
- Chemical
- Healthcare
- Others
- South America Industrial Gas Regulators Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Industrial Gas Regulators Market
- Market Composition
- Market Share Analysis (%), by Manufacturer (2022)
- Company Profiles
- Air Liquide S.A.
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Air Products and Chemicals Inc.
- Airgas, Inc.
- Cavagna Group SPA
- Colfax Corporation
- Emerson Electric Co.
- GCE Holding AB
- Honeywell Process Solutions
- Itron Inc.
- Praxair Inc.
- Rotrax
- The Linde Group
- Air Liquide S.A.
- Conclusion & Recommendations
Frequently asked questions about this report
How big is industrial gas regulators market?
The industrial gas regulators market size is expected to reach US$ 24.5 Billion by 2032.
What is the industrial gas regulators market growth?
The industrial gas regulators market size is expected grow at a CAGR of 4.7% from 2023 to 2032.
What are the major driving factors in the industrial gas regulators market?
Rising demand for natural gas fueled power generation, incorporation of advanced technologies in industrial gas regulators, and stringent regulations governing occupational health & safety are the factors shaping the growth of the global industrial gas regulator market.
What was the size of the global industrial gas regulators market in 2022?
The industrial gas regulators market size was estimated to be US$ 15.5 Billion in 2022.
Who are the key players in industrial gas regulators market?
Some key players operating in the industrial gas regulators market include Air Liquide S.A., Air Products and Chemicals Inc., Airgas, Inc., Cavagna Group SPA, Colfax Corporation, Emerson Electric Co., GCE Holding AB, Honeywell Process Solutions, Itron Inc., Praxair Inc., Rotrax, and The Linde Group.
Which segment accounted for the largest industrial gas regulators market share?
Asia Pacific contributed a dominating share to the global industrial gas regulators market and is anticipated to be the fastest growing segment during the forecast period owing to increased demand from metal & mining, chemical & pharmaceuticals and oil & gas industries.
What are the different gas types of industrial gas regulators used?
Based on gas type, the industrial gas regulators market is segmented into inert gas regulator, corrosive gas regulator, and toxic gas regulator.