Gas Equipment Market Report 2026

The gas equipment market size has grown strongly in recent years. It will grow from $81.16 billion in 2025 to $86.6 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to growth in industrial and chemical manufacturing, rising demand in healthcare and medical sectors, expansion of oil and gas exploration, advancements in gas storage and delivery technologies, increase in metal fabrication activities.

The gas equipment market size is expected to see strong growth in the next few years. It will grow to $112.28 billion in 2030 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rise in hydrogen and specialty gas adoption, advancements in IoT-enabled gas monitoring, growth in renewable energy and energy-efficient systems, increasing safety and regulatory compliance requirements, expansion of gas infrastructure in emerging economies. Major trends in the forecast period include adoption of advanced gas detection technologies, integration of smart monitoring and control systems, increasing use of automated gas delivery solutions, development of energy-efficient gas generating systems, expansion of safety and compliance equipment.

The rising demand for industrial gases for various purposes is fueling the expansion of the gas equipment market. Industrial gases are produced for a wide range of industrial uses, including manufacturing, oil refining, cleaning, and transportation. To support industrial operations, many of these gases are supplied in larger cylinders and are either used in pure form or blended with other gases and stored in different ways. Oxygen, nitrogen, hydrogen, and carbon dioxide are among the industrial gases utilized across multiple applications. Carbon dioxide can be applied effectively in activities such as enhanced oil recovery, fuel production, construction materials development, and other processes, or it can be stored in underground geological formations. Carbon Capture and Storage (CCS) facilities rely on specialized gas equipment to capture carbon dioxide (CO₂), which increases the need for gas equipment. For example, a study published on ScienceDirect on global demand for carbon dioxide as a raw material from key industrial sources indicates that demand is projected to reach 0.6 gigatonnes by 2030 and 6.1 gigatonnes by 2050. Therefore, the growing demand for industrial gases for multiple applications is expected to accelerate the growth of the gas equipment market in the years ahead.

Companies involved in the gas equipment industry are prioritizing the development of advanced technologies, such as pressure-reducing regulators that resist contamination, to stabilize gas flow, improve system performance, and extend equipment lifespan. These regulators are engineered to manage and reduce high-pressure gas to a steady operating level while preventing issues caused by particles, seal deterioration, and pressure variations. For instance, in April 2024, Emerson Electric Co., a U.S.-based engineering and technology firm, launched an advanced two-stage pressure-reducing regulator designed for hydrogen-powered vehicles. Built to maintain consistent pressure under different flow conditions, the solution enhances fuel efficiency, reduces leakage risk, and minimizes downtime through features such as redundant seals, integrated filtration, and a compact, easily installable design that supports effective system integration and long-term reliability.

In October 2023, Air Water America Inc., a U.S.-based supplier of industrial and specialty gases, acquired American Gas Products LLC (AGP) for an undisclosed amount. With this acquisition, Air Water America seeks to broaden its industrial gas operations in North America, strengthen its helium supply network, and improve its ability to support sectors such as healthcare and semiconductors. American Gas Products LLC is a U.S.-based provider of gas-related equipment.

Major companies operating in the gas equipment market are Nippon Sanso Holdings Corporation., Linde plc, Air Liquide S.A., Parker Hannifin Corporation, Atlas Copco AB, Praxair Inc., Iwatani Corporation, Colfax Corporation, Donaldson Company Inc., Matheson Tri-Gas Inc., Messer SE & Co. KGaA, Chart Industries Inc., Filtration Group Inc., Camfil AB, Johnson Thermal Systems Inc., GCE Holding AB, Cryostar SAS, FIBA Technologies Inc., Xebec Adsorption Inc., Gas Control Equipment Ltd., Hannay Reels Inc., Rexarc International Inc., Welsco Inc., Advanced Specialty Gases., Gasco Affiliates LLC, Generon IGS Inc., Global Gases Group Pte Ltd., Haskel International Inc.

North America was the largest region in the gas equipment market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gas equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the gas equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The gas equipment market consists of sales of air fuel torches, laser equipment, mixers, flowmeter, regulator. Values in this gas equipment 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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