Industrial Gas Regulator Market
Industrial Gas Regulator Market (Gas Type - Inert, Corrosive, and Toxic; Regulator Type - Single Stage and Dual Stage; Application - Oil and Gas, Chemical, and Steel and Metal Processing) - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027
Press Release :
Industrial gas regulators are control devices that maintain the gas pressure to ensure safe and effective operations in different applications across various industries. Pressure reducing regulators are used for maintaining desired outlet pressure while delivering the necessary gas flow which will satisfy the downstream demand. The growth of the oil and gas sector has positively influenced the energy-dependent industries such as power generation and chemicals, which has led to increased demand for pressure control equipment in North America. According to the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2015, natural gas consumption of the industrial sector will grow at an annual rate of 0.5% through 2020. There is increasing demand for natural gas from residential, commercial, and electric power sectors. Methanol and fertilizer industries, the most gas intensive industrial end-users, are expected to be the primary drivers for growth.
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In the United States industrial gas regulator market valued at US$ 2537.5 Mn in 2018 and expected to grow with a CAGR of 2.8% from 2019 to 2027. The toxic gas segment was accounted for around 30% of the U.S. market in 2018.
Growing applications of natural-gas-fuel-based equipment boosting the demand for industrial gas regulators in the United States
Increase in demand for natural gas for power generation and operation of industrial units in various industries is providing lucrative opportunities to the industrial gas regulators market. U.S. Government is promoting the usage of natural gas in place of fossil fuels for power generation in order to reduce air pollution and carbon emissions. Demand of natural gas is growing at a higher pace especially in industrial boilers and furnaces. Gas regulators play an important role in maintaining, monitoring and controlling the flow of gas and pressure in these natural gas fuelled appliances. Boilers that are run on natural gas and furnaces are used in various types of industries, which include food, paper, chemicals, refining, and manufacturing.
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The food manufacturing sector in the United States possesses over 10,000 industrial boilers. Small boilers are used to burn natural gas. On the other hand, the paper industry requires large industrial boilers to burn production waste, pulp and paper. Furthermore, there are 300 chemical plants in the United States that have large boilers. Due to the use of such kind of boilers that use natural gas as a fuel, the demand for industrial gas regulators in the United States has received a huge boost.
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Increase in Usage of Internet of Things (IoT)
Dependence on IoT has been rising in oil pipeline and automobile industries. IoT is playing an important role, as it helps make real-time decisions, and connect products, people, assets, and services to streamline the flow of information, and improve asset, process, performance, and product quality. Key players operating in oil pipeline and automobile industries have started planning strategies integrated with IoT to optimize its benefits. Increase in efficiency and productivity of processes is likely to drive the oil pipeline market, thereby boosting the demand for industrial gas regulators to improve the infrastructure and simultaneously creating demand for the industrial regulator market
U.S. Industrial Gas Regulators Market: Overview
The product is used for maintaining gas pressure in various application across various industries including oil & gas, chemical, steel & metal processing, pharmaceutical, food & beverages and others. The process system in different industries operate at varying temperature and therefore necessitates the use of gas regulators to maintain such temperatures. These regulators are used in different applications to control the pressure of gas and to maintain the direction of gas in the piping system.
The study provides an in-depth analysis of the U.S. industrial gas regulator market for the period 2017 – 2027, wherein 2018 is the base year, data for the year 2017 is considered as historical information and the years from 2019 to 2027 is the forecast period. The report also provides compound annual growth rate (CAGR %) from 2019 to 2027 for all the segments in the scope of study. The report covers key trends prevailing in the U.S. industrial gas regulator market over the forecast period. The report also provides of various factors impacting the U.S. industrial gas regulators market growth during the forecast period including market drivers, restraints, and opportunities.
U.S. Industrial Gas Regulators Market: Scope of the Report
The industrial gas regulator market report provides a holistic perspective on industrial gas regulator market growth in terms of revenue estimates (in US$ Mn) and volume (in Mn Units) in U.S. The market estimates have been analyzed by taking into account the impact of various economic, political, technological, social, and legal and the existing market dynamics influencing market growth. The report also includes executive summary, providing the overview of the U.S. industrial gas regulator market. The report also provides industry development and key market indicators for the U.S. industrial gas regulator market. Further, report provides market attractiveness analysis, for each segment based on their CAGR and market share. The report also provides Porter’s five forces analysis about the industry competition, market dynamics and the most profitable segments in the market.
U.S. Industrial Gas Regulators Market: Segmentation Analysis
This study will provide a detailed cross segment analysis based on the different segments including gas type, regulator type and application. In terms of gas type, the market is divided into the inert, corrosive and toxic. Based on regulator type, the market is segmented into single stage and dual stage. The application segment is further classified into oil & gas, chemicals, steel & metal processing, food & beverages and others. The report also covers profiles of major players, their growth strategies and also focuses on various recent developments under the competition matrix section, and includes market positioning analysis of key players operating in the industrial gas regulator market.
U.S. Industrial Gas Regulators Market: Competitive Landscape
The competition matrix for key players in the U.S. industrial gas regulator market also provide their capabilities and growth potential and also benchmarks the key companies in the U.S. industrial gas regulator market on the basis of top line growth, market share, segment growth, infrastructure capabilities, market position, product offerings, R&D focus and future outlook.
Under the company profiles section, the report also provides an overview of the players operating in the market, the annual revenue generated by them in the past two or three years, SWOT analysis, regional breakdown and their relevant business segment revenue. The report also contains market share analysis of the key players in the industrial gas regulator market for the year 2018 based on their revenues generated for the same year.
Market Taxonomy Industrial Gas Regulator Market
Oil and Gas
Steel and Metal Processing