A new report ‘Industrial Gas Regulators Market by Type, Gas Type, Material, Application and Region - Global Forecast to 2020’, published by MarketsandMarkets, estimates the industrial gas regulators market size will grow from US$13 307.7 million in 2015 to US$16 862.6 million by 2020, with a CAGR of 4.8% from 2015 - 2020.
The global industrial gas regulators market is driven by factors, such as strong growth in the medical care, oil and gas, and energy sectors, among others. Advances in 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 the progression of alternative technologies are predicted as key issues for the market.
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 pressurisation 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 have the largest market share and dominate the Asia Pacific industrial gas regulators market from 2015 - 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 huge quantities of gases are required. Industries such as textile, polymer, printing, and paper and 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. (US), The Linde Group (Germany), Air Liquide SA (France), Praxair Inc. (US), and Air Products and Chemicals Inc (US). Companies have adopted inorganic growth strategies, such as acquisitions, to cope with the increasing demand in the emerging markets.
Adapted from press release by Francesca Brindle
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/02122015/industrial-gas-regulators-market-worth-projected-increase-1861/