U.S. Industrial Gas Regulators Market: Snapshot
Industrial gas regulators are used in several industrial processes as key control devices to maintain gas pressure. They are used for controlling, maintaining, and monitoring the pressure of gas and its flow. Systems in a given industrial process operates at different temperatures, which necessitates adoption of gas regulators to ensure desired temperatures. Thus, the rise in industrial and manufacturing activities is expected to boost the demand for industrial gas regulators in the coming years. According to the research report, the U.S. industrial gas regulators market was worth $2.3 bn in 2015 and is expected to reach a valuation of US$3.0 bn by the end of 2024. The overall market is expected to witness a rise of 3% CAGR between 2016 and 2024.
Usage of Natural Gas as Fuel Sparks Demand for Industrial Gas Regulators in U.S.
The increasing usage of natural gas a key fuel for various industrial processes is expected to trigger a demand for industrial gas regulators in the coming years. The overall market also stands to benefit from the flourishing oil and gas, chemical, steel and metal, and automotive industries. As industries are using natural gas to run boilers and furnaces, they are expected to make use of gas regulators. This will be an emerging trend across industries such as food and beverages, refining, manufacturing, and many others. Furthermore, growing usage of specialty gases and its increasing demand in the automotive industry is also expected to have a positive impact on the industrial regulator market. Analysts predict that growing demand for advanced gas pressure regulators is also expected to offer lucrative opportunities to manufacturers to innovate and deliver solution-specific devices to the automotive industry in the coming years.
Oil and Gas Industry Shows Continued Demand for New and Improved Products
Between the years of 2016 and 2024, the oil and gas industry is anticipated to lead the U.S. industrial gas regulators market. This dominance will be due to the increasing demand for new, improved, and advanced gas regulators for maintaining gas pressure during varying temperatures. This demand will also be driven by the need for improved safety in high pressure conditions in various industrial processes.
Meanwhile, the chemical and pharmaceutical segments are also estimated to offer adequate growth opportunities to the U.S. industrial gas regulators market as vendors are specifically designing these devices for handling specialty gas and to maintain gas desired pressure. Thus, consumption of industrial gas regulators is poised to witness a spike in the coming years.
Single Stage Regulators Lead Market due to Widening Applications
On the basis regulator, the U.S. industrial gas regulators market is segmented into single stage and dual stage. Of these, the single stage regulators segment is estimated to do phenomenally well as compared to the dual stage segment. The demand for single stage regulators is projected to remain steady due to their widening applications such as chromatography and high purity chamber, and pressurization calibration, which have just one small inlet pressure variation during use.
Some of the key players operating in the U.S. industrial gas regulators market are Emerson Electric Co., Air Liquide S.A., The Linde Group, Praxair Technology, Inc., Air Products and Chemicals Inc., Cavagna Group Spa., GCE Group, Rotarex S.A., Honeywell Process Solutions and Itron, Inc. The competitive landscape of the overall market is quite fragmented due to the presence of several players.
U.S. Industrial Gas Regulators Market: Overview
Industrial Gas Regulator are control devices that maintain gas pressure in different application across various industries. 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. As mentioned, the industrial gas regulators are applicable in large number of applications across industries which includes oil & gas, chemical, steel & metal processing, pharmaceutical, food & beverages and others
The industrial gas regulator market report provides an in-depth analysis of the U.S. industrial gas regulator market for the period 2014 – 2024, wherein 2015 is the base year, data for the year 2014 is considered as historical information and the years from 2016 to 2024 is the forecast period. The report also provides compound annual growth rate (CAGR %) from 2016 to 2024 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 study 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 would also include 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 provide 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 research study on the U.S. industrial gas regulator market provides a detailed cross segment analysis based on the different segments including gas type, regulator type and application. Based on the 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 2015 based on their revenues generated for the same year.
The key players profiled in this report include – Emerson Electric Co., The Linde Group, Air Liquide S.A., Praxair Technology, Inc., Air Products and Chemicals Inc., GCE Group, Cavagna Group Spa., Rotarex S.A., Honeywell Process Solutions and Itron, Inc.
The U.S. Industrial Gas Regulator Market has been segmented as follows:
Industrial Gas Regulator Market, by Gas Type
Industrial Gas Regulator Market, by Regulator Type
- Single Stage
- Dual Stage
Industrial Gas Regulator Market, by Application
- Oil & Gas
- Steel & Metal Processing
- Food & Beverages