May 05, 2022 11:06 ET | Source: Facts & Factors Facts & Factors
NEW YORK, United States, May 05, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “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” in its research database.
“According to the latest research study, the demand of global Industrial Gas Regulator Market size & share was valued at USD 16,729.5 million in 2021and it is expected to hit around USD 21,786.1 million Mark by the end of 2028, with a compound annual growth rate (CAGR) of about 4.5% during the forecast period 2022 to 2028.”
What is Industrial Gas Regulator? How big is the Industrial Gas Regulator Industry?
Industrial gas regulators have found a wide scope of application in multiple industrial activities as the demand for gases has seen a substantial increase in demand over the past few years and this trend is expected to be prominent over the forecast period as well. Demand from the oil and gas industry and chemical industries is expected to be paramount in the global industrial gas regulator market landscape.
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Global Industrial Gas Regulator Market: Dynamics
Increasing stringent regulations to bolster safety and avoid gas-related accidents in the industry are expected to propel the sales of the industrial gas regulator through 2028. The industrial gas regulator companies are expected to cash in this potential across multiple regions as demand for safety in industrial equipment increases at a good pace.
However high costs of the industrial gas regulator are expected to have a hindering effect on the global industrial gas regulator market potential and are expected to reduce the growth rate and constrain the market from attaining its full potential. Industrial gas regulator manufacturers are investing in the research and development of affordable options that will boost their sales and increase market presence on a global scale through 2028.
End-use industries like oil and gas, chemical, energy, and waste management are predicted to emerge as the most lucrative sectors for the industrial gas regulator companies through the forecast period. High demand from the medical industry is also expected to bolster the industrial gas regulator market potential through 2028.
Browse the full “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” Report at https://www.fnfresearch.com/industrial-gas-regulator-market
Industrial Gas Regulator Market: COVID-19 Impact Analysis
The pandemic resulted in halted industrial activity on a global scale and this led to a downfall in the industrial gas regulator market growth in 2020. Shortage of raw materials disrupted demand and supply chains, hampered logistics operations, and lack of skilled workforce were some major concerns hindering the industrial gas regulator market potential in this period.
The demand for the industrial gas regulator is expected to make a comeback at a steady pace as industries resume their operations and lockdowns are lifted. With the world coming back to normal and economies trying to recover from losses industrial activity will see an increase and hence will propel industrial gas regulator sales through the post-pandemic era and drive potential through 2028.
Industrial Gas Regulator Market: Segmentation Analysis
The global industrial gas regulator market is segregated based on type, gas type, application, and region.
Based on type, the market is divided into single stage and dual stage. Single stage industrial gas regulators are expected to account for a major market share in the global industry and this trend is expected to be a prominent driver for the industrial gas regulator market growth through 2028. The dual stage industrial gas regulator segment is also expected to see good growth in demand.
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Some of the main competitors dominating the global industrial gas regulator market include -
Key Insights from Primary Research:
Key questions answered in this report:
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Rapid industrialization, growing manufacturing activities, and increasing stringent regulations to ensure industrial safety are some major factors that drive the industrial gas regulator market growth in the Asia Pacific region.
The high industrial activity in this region is expected to be majorly driven by the emerging economies of India and China over the forecast period. The increasing demand for industrial gas regulators will majorly be driven by oil and gas and energy industries in this region through 2028.
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The global industrial gas regulator market is segmented as follows:
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