Gas Pressure Regulator Market: Introduction
Safety of man, material and facility is the prime concern in every manufacturing industry. While dealing with gases, it is of prime importance to maintain flow rates and supply pressure and regulate the flow. These factors bring gas pressure regulators in the picture as a crucial part of various industries, such as chemical, healthcare and oil & gas, among others. Gas pressure regulators not only regulate the flow rates and pressure but also reduce the need for pressure compensating meters, as they can hold steady pressure.
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These regulators can be small or large depending upon the type of application. Prominent application areas of gas pressure regulators are natural gas distribution, boiler gas supplies, plant air services, oxygen supply, ammonia supply, furnaces and ovens. The market for gas pressure regulators is estimated to witness steady growth from both, upcoming projects and replacement demand from existing installed pipelines.
Gas Pressure Regulator Market: Dynamics
Growth of the gas pressure regulator market can directly be co-related with the performance of end use industries, such as oil & gas, energy generation and chemical. The market is also projected to witness significant investment by manufacturers in product innovation and development. Government investment in the establishment of new oil & gas and energy generation facilities and maintenance of existing ones will be a key growth driver.
The market for gas pressure regulators is estimated to witness stringent safety regulations over the forecast period. Although replacement demand will play a major role in market growth, declining replacement rates of gas pressure regulators and fluctuating performance of some key end-use industries are anticipated to restrain the growth of the global gas pressure regulator market. Existing price pressures on dealers and distributors are also projected to be key restraining factors for this market.
Gas Pressure Regulator Market: Segmentation
The global gas pressure regulator market can be segmented on the basis of gas type, product type and end-use industry.
By gas type, the global gas pressure regulator market can be segmented into:
- Toxic Gases
- Corrosive Gases
- Inert Gases
By product type, the global gas pressure regulator market can be segmented into:
- Single Stage
- Dual Stage
By Application, the global gas pressure regulator market can be segmented into:
By end-use industry, the global gas pressure regulator market can be segmented into:
- Oil & Gas
- Power Generation
- Other Manufacturing
Gas Pressure Regulator Market: Regional Overview
Asia Pacific is projected to dominate the global gas pressure regulator market in terms of demand. China is expected to be a key market with a dominant market share throughout the forecast period. Strong growth of the manufacturing sector in key countries, such as India will supplement growth of the gas pressure regulator market in the Asia Pacific region. Europe and North America are projected to be the next big markets in terms of demand for gas pressure regulators. Europe is expected to have a relatively high growth rate as compared to North America.
Within Europe, significant demand for gas pressure regulators will be from the western region and Eastern European countries, such as Russia and Poland are slated to witness slight fluctuation in terms of demand. The Middle East and Africa region will register significant demand for gas pressure regulators from oil & gas and chemical industries. The Latin America gas pressure regulator market is also pegged to witness healthy growth over the forecast period.
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Gas Pressure Regulator Market: Market Participants
Examples of some of the market participants identified in the global gas pressure regulator market are Honeywell International Inc., Emerson Electric Co, The Linde Group, Praxair Inc., Colfax Corporation, Maxitrol Company, GCE Group, Cavagna Group SPA, Air Products and Chemicals Inc., Air Liquide, Airgas Inc., Equipment & Controls, Inc. and Pressure Tech Ltd.