The industrial gas regulator market is undergoing a major growth, rising at a notable 3.4% CAGR, thanks to rising demand for natural gas due to its cost-effectiveness. According to recent reports by IEA, natural gas continues to replace main conventional forms of energy like petrol, and diesel, due to its environmental sustainability, and large-volume supply found at new sites like the Gulf of Mexico.
The market is expected to touch a significant valuation of US$ 18.96 bn by 2026. The increasing demand for power generation and rising demand for cost-effective solutions for applications like portable gas turbines continue to remain dominant for growth in the industrial gas regulator market.
Moreover, among regions, Asia Pacific continues to ride growth for the industrial gas regulator market, thanks to a wide adoption of natural gas powering systems in vehicles in countries like India, and growth of manufacturing. Moreover, the promotion of natural gas over fossil fuels will continue to drive prominent growth for the industrial gas regulator market in near future.
Inert Gas Remains Most Promising Applications in the Industrial Gas Regulator Market
The industrial gas regulator market report will offer insights into a wide array of applications. Among these, the most conventional one, inert gas promises significant growth over the forecast period. Inert gas remains a promising opportunity for industrial units during manufacturing due to strategic advantages, and easy to use process. The growing demand for inert gas applications, will promise a CAGR of 3.1% during 2018-2027. Moreover, among different types of industrial regulators, the single stage regulator will also grow at a CAGR of 3.6% during 2018-2027. The rising demand for low energy consumption, and cost-effectiveness continues to drive its adoption despite more multi-faceted appliances in the market.
Oil and Gas Application Remains Most Lucrative for Growth
The oil and gas application in the industrial gas regulator market remains most promising for growth. The oil and gas industry requires regular use of natural gas to power mines, and extraction of fossil fuels. The machinery used in the industry tends to be heavy, and often in remote locations. The rising demand for oil and gas application, and their increasing use in industrial sector will drive robust growth. Advanced gas regulator are expected to make ways, as oil and gas exploration continues to be done in rigid terrains, where demand for energy-efficiency remain extremely high. The oil and gas industry will likely drive growth of 3.3% in near future.
The industrial gas regulator market is segmented as below.
Industrial Gas Regulator Market
- Pressure-Reducing Regulators
- Back Pressure Regulators
- Flow Regulators
- Point-of-Use Regulators
- Stainless Steel
By Gas type
By Regulator type
- Single Stage
- Dual Stage
- Oil & Gas
- Steel and Metal Processing
- Other Application
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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