Industrial Gas Regulators Market Worth 16,862.6 Million USD by 2020
PUNE, India, December 1, 2015 /PRNewswire/ --
The report "Industrial Gas Regulators Market by Type (Single, Dual), Gas Type (Inert, Corrosive, Toxic), Material (Brass, Stainless Steel), Application (Oil & Gas, Chemical, Steel & Metal Processing, Medical Care, Food & Beverage) & Region - Global Forecast to 2020" published by MarketsandMarkets, The Industrial Gas Regulators Market size is estimated to grow from USD 13,307.7 Million in 2015 to USD 16,862.6 Million by 2020, at a CAGR of 4.8% from 2015 to 2020.
Browse 141 market data Tables and 64 Figures spread through 182 Pages and in-depth TOC on "Industrial Gas Regulators Market"
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The market has been segmented on the basis of major regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW), wherein their value and volume has been projected. The size of the markets in key countries has also been covered and projected.
Growing in demand in medical care, oil & gas, and beverage sectors are the major drivers
The global Industrial Gas Regulators Market is driven by factors which include strong growth in sectors such as medical care, oil & gas, and energy among others. Advancements in terms of product innovations and technologies in the market are also expected to create strong investment opportunities for the global players. Regulatory and structural instructions are expected to be the strongest restraints for the industry. High costs of gas processing is the major challenge for this market, Fluctuating demand patterns and advancements of alternative technologies are expected to be the burning issues for the market
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Single stage regulators to contribute maximum market share
The single stage regulators segment is projected to be the largest market for the global Industrial Gas Regulators Market. It covers a variety of applications, including gas and liquid chromatography, high purity gases, calibration gases, and high purity chamber pressurization among others. These regulators are best-suited for applications where manual periodic adjustment of the delivery pressure settings is not required and the inlet pressure remains constant, such as the case in gas withdrawal from liquid cylinders.
China is expected to attain the largest market share in the Asia- Pacific Industrial Gas Regulators Market
China is expected to have the largest market share and dominate the Asia- Pacific Industrial Gas Regulators Market from 2015 to 2020. China, the largest manufacturer and supplier of industrial gas regulators and equipment, exhibits high potential growth opportunities. The key driver for this market is the rapidly growing Chinese manufacturing and metal production industry along with the growing electronics market. Additionally, China has become the manufacturing hub of the world, where a huge amount of gases are required in large quantities. Industries such as textile, polymer, printing, and paper & pulp among others, which use high amounts of chemicals, are the drivers for the supply of industrial gas regulators.
The major players include 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.). Companies have adopted inorganic growth strategies such as acquisitions to cope with the increasing demand in the emerging markets.
The scope of the report covers detailed information regarding the major factors influencing the growth of the Industrial Gas Regulators Market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, and recent developments associated with the market.
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