Industrial Gas Regulators Global Market Report 2024

Industrial gas regulators are devices employed to control the pressure and direction of fluid or gas within piping systems across various industries. Consisting of components such as a separate pressure sensor, a controller, a flow valve, and a diaphragm, these regulators play a crucial role in maintaining pressure as gas enters the chamber. This ensures a controlled flow of fuel from the source to the appliance or device.

The primary types of industrial gas regulators are single-stage and dual-stage. Single-stage regulators are designed to regulate the delivery pressures of gases derived from high-pressure bottles or provided by a facility's line pressure. They are particularly suited for high-purity applications involving gases such as inert, corrosive, and toxic ones. Materials like brass and stainless steel are commonly used in the construction of these regulators. Industrial gas regulators find applications across diverse industries, including oil and gas, chemicals, steel and metal processing, medical care, food and beverages, among others.

The industrial gas regulators market research report is one of a series of new reports that provides industrial gas regulators market statistics, including global and regional shares, competitors with an industrial gas regulators market share, detailed industrial gas regulators market segments, market trends, and opportunities, and any further data you may need to thrive in the industrial gas regulators industry. This industrial gas regulators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The industrial gas regulators market size has grown strongly in recent years. It will grow from $16.48 billion in 2023 to $17.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth observed in the historical period can be attributed to the expansion of industrialization and manufacturing activities, the increased utilization of industrial gases across various applications, the imperative for precise pressure control and regulation in processes, the expansion of chemical, petrochemical, and pharmaceutical industries, and a heightened demand for reliable and high-performance gas handling equipment.

The industrial gas regulators market size is expected to see strong growth in the next few years. It will grow to $22.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period can be attributed to the transition towards specialty gases and high-purity gases in industries, the integration of smart and IoT-enabled regulators for monitoring and control, a heightened focus on energy efficiency and sustainable gas handling solutions, the adoption of alternative fuel gases in energy and transportation sectors, and the expansion of gas handling in healthcare and life sciences applications. Key trends expected in the forecast period encompass integrated pressure and flow control, the development of high-precision and ultra-high-purity regulators, the implementation of electronic and digital pressure regulation, and the facilitation of remote monitoring and control via IoT. Additionally, there is a trend towards dual-stage and multi-stage pressure regulation.

The anticipated growth of the industrial gas regulator market is set to be propelled by rapid industrialization. This phenomenon involves a shift from an agrarian-focused economy to one centered on goods production. Industrial gas regulators play a vital role in various industries that have undergone transformation due to industrialization. For instance, in March 2022, global manufacturing production witnessed a 9.4% increase, rebounding from a 4.2% decline in 2020, according to the United Nations Industrial Development Organization. Furthermore, the India Brand Equity Foundation predicts that Indian manufacturing hubs will exceed $500 billion by 2030. As many companies invest in production within India, such as the establishment of a solar plant in Tamil Nadu and Zoho's $13.4 million R&D manufacturing investment, the industrial gas regulator market is experiencing growth driven by rapid industrialization.

The growth of the industrial gas regulator market is also expected to be influenced by the rising healthcare sector. Industrial gas regulators play a crucial role in ensuring the safe and compliant administration of medical gases in healthcare facilities. With an increasing focus on healthcare services globally, these regulators contribute to maintaining quality and safety standards, providing specialized gas mixtures, and supporting research and development. According to the Office for National Statistics, the total healthcare expenditure in the UK reached £277 billion ($334.56 billion) in 2021, reflecting a 7.4% nominal increase compared to 2020. Therefore, the expanding healthcare sector is a driving force behind the growth of the industrial gas regulator market.

A notable trend in the industrial gas regulator market is the emphasis on technological advancement by major companies to strengthen their market position. The Cavagna Group, a UK-based company in the industrial gas regulator sector, launched the Viproxy i-1Touch in April 2021. This digital valve for medical oxygen therapy includes a smart IoT add-on and a unique, smart medical VPR with data transmission capabilities. The Viproxy i-1Touch valve integrates an integrated pressure regulator and a digital pressure gauge, displaying monitored parameters during use and providing audible alerts. Technological advancement is a key trend that contributes to the growth and innovation in the industrial gas regulator market.

Major companies in the industrial gas regulator market are also developing new products to maintain a competitive edge. Oxford Flow, a UK-based industrial machinery manufacturing company, introduced the IM-S gas pressure regulator in July 2022. This advanced regulator offers a 30% increase in flow capacity, is hydrogen-ready, and eliminates common diaphragm failure points. It can handle up to 100% hydrogen blending, exceeding UK government targets, and requires minimal maintenance with a service interval of up to ten years. This innovation in gas regulation technology enhances the offerings in the industrial gas regulator market.

In February 2022, Control Devices LLC, a US-based producer of premium valves and industrial parts, acquired Essex Industries' medical gas regulator business for an undisclosed amount. This strategic acquisition expanded Control Devices' product offerings in the medical gas regulator segment. The Control Devices brand will now incorporate the Essex Industries medical gas regulator product range. Essex Industries, Inc., a US-based company in the industrial gas regulator market, contributed to this strategic move.

Major companies operating in the industrial gas regulators market include Emerson Electric Co., Linde PLC, Air Liquide S.A., Praxair Inc., Air Products and Chemicals Inc., GCE Group, Cavagna Group S.p.A., Iwatani Corporation, Messer Group GmbH, Matheson Tri-Gas Inc., Iceblick Ltd., Advanced Specialty Gases, BASF SE, Buzwair Group, Ellenbarrie Industrial Gases Ltd., Gulf Cryo, Proton Gases Private Limited, Rotarex S.A., Honeywell International Inc., Maxitrol Company, Airgas Inc., Harris Products Group, Meca-Inox, Mertik Maxitrol GmbH & Co. KG, MHOxygen, Norgas Controls Inc., Parker Hannifin Corporation, Pietro Fiorentini S.p.A., Pressure Tech Ltd., Rego Products Inc., Sierra Instruments Inc., Swagelok Company, Tescom Corporation, Witt-Gasetechnik GmbH & Co. KG

North America was the largest region in the industrial gas regulator market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this industrial gas regulator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the industrial gas regulator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The industrial gas regulator market consists of sales of regulator including brass and stainless-steel gas regulators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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