산업용 가스 레귤레이터 시장 전망(-2030년) : 제품 유형, 가스 유형, 재료, 응용 분야 및 지역별 세계 분석

According to Stratistics MRC, the Global Industrial Gas Regulator Market is accounted for $18.89 billion in 2023 and is expected to reach $29.74 billion by 2030 growing at a CAGR of 6.7% during the forecast period. Industrial gas regulators are essential parts of many industrial processes where accurate control over gas pressure and flow is necessary. These devices control the flow of gases from high-pressure cylinders or pipelines to downstream equipment, which is essential for ensuring safe and effective operations. These regulators, which are usually made of sturdy materials that can withstand harsh industrial environments, guarantee consistent gas delivery by averting fluctuations that might jeopardize the integrity of the apparatus or process.

According to the American Gas Association, Industrial gas regulators are critical components in ensuring the safe and efficient distribution of gases in various industrial applications.

Market Dynamics:

Driver:

Growing requirements for certain gases

The need for sophisticated industrial gas regulators is being driven by the expanding demand for specialty gases in sectors like healthcare, electronics, and automotive. Ultra-high-purity gases and calibration gases are examples of specialty gases that need to be precisely regulated in order to meet strict quality standards and guarantee optimal performance in crucial processes like environmental monitoring, medical gas therapy, and semiconductor manufacturing. Furthermore, specialized regulators designed to meet the specific needs of these industries are in greater demand as their reliance on these specialty gases grows.

Restraint:

Exorbitant initial expenses

The high upfront costs of buying and installing sophisticated regulator systems are one of the main barriers to the industrial gas regulator market. Because of their advanced features, materials, and manufacturing processes, industrial-grade regulators that are made to meet the demanding requirements of various industries can be expensive. Additionally, businesses may also need to upgrade or modify their current gas distribution systems in order to integrate these regulators, which would raise overall costs.

Opportunity:

Infrastructure development for renewable energy

Manufacturers of industrial gas regulators stand to gain a great deal from the global shift to renewable energy sources like biogas, hydrogen, and biomethane. The need for regulators that can effectively and safely control the flow and pressure of these gases will rise as the infrastructure supporting renewable energy sources continues to grow. Moreover, industrial gas regulators are essential for the dependable functioning of anaerobic digesters, hydrogen fuel cells, and biogas upgrading plants, among other renewable energy systems.

Threat:

Strong rivalry and pricing pressure

A major threat to profitability and market share is the fierce competition among industrial gas regulator manufacturers as well as the abundance of players in the market. Aggressive pricing tactics and the commoditization of standard regulator products can lead to price pressure, which can reduce margins and impede revenue growth for businesses. Furthermore, the existence of inexpensive substitutes or fake goods in the market could exacerbate price competition and make it harder for established players to hold onto their competitive edge.

Covid-19 Impact:

The industrial gas regulator market has been impacted by the COVID-19 pandemic in many ways. Initially, as industries reduced operations to comply with restrictions and slow the spread of the virus, widespread lockdowns and disruptions in manufacturing activities led to a decline in demand for industrial gases and related equipment, including regulators. Production and delivery of regulator components and completed goods were delayed as a result of supply chain disruptions, logistical difficulties, and labor shortages. This was driven by industries like healthcare, food and beverage, and electronics manufacturing, which needed specialized gases for semiconductor production, food preservation, and medical treatment.

The Pressure-reducing Regulators segment is expected to be the largest during the forecast period

In the industrial gas regulator market, pressure-reducing regulators usually have the largest market share. Pressure-reducing regulators, which lower high-pressure gas from cylinders or pipelines to a lower, more manageable pressure for downstream equipment, are crucial parts of gas distribution systems. These regulators are widely used in many different industries, such as electronics, manufacturing, oil and gas, and healthcare, where accurate gas pressure control is essential for operational efficiency and safety. Moreover, pressure-reducing regulators are essential for maintaining consistent gas delivery and process control in industrial settings because of their features, which include robust construction, adjustable pressure settings, and pressure gauges.

The Medical Care segment is expected to have the highest CAGR during the forecast period

In the industrial gas regulator market, the medical care segment is anticipated to grow at the highest CAGR. For accurate control and delivery of medical gases like oxygen, nitrogen, and nitrous oxide in a variety of healthcare settings, such as hospitals, clinics, and laboratories, the medical care industry mainly depends on industrial gas regulators. The need for sophisticated industrial gas regulators with improved safety features and regulatory compliance is predicted to soar as patient safety, healthcare quality, and technological developments in medical equipment become more and more important.

Region with largest share:

In the industrial gas regulator market, the Asia-Pacific area usually holds the largest share. The demand for industrial gases is driven by the rapid industrialization, urbanization, and infrastructure development in countries like South Korea, Japan, China, and India. These factors affect a variety of industries, including healthcare, electronics, manufacturing, and the automotive sector. Tight safety laws, technological developments, and rising energy and infrastructure project funding are additional factors driving market expansion in the area. Furthermore, the Asia-Pacific region continues to be a crucial market for industrial gas regulator manufacturers looking for chances for growth and market penetration, thanks to a booming industrial sector and a growing emphasis on operational efficiency and safety.

Region with highest CAGR:

The Middle East and Africa (MEA) region has the highest CAGR in the industrial gas regulator market. Petrochemicals, infrastructure development, and oil and gas exploration investments are driving the MEA region's notable industrial growth. Leading oil and gas-producing nations like Saudi Arabia, the United Arab Emirates, and Qatar are boosting demand for industrial gases and related equipment like regulators. Moreover, the region's healthcare industry is also expanding quickly as a result of government investments in cutting-edge facilities and infrastructure, which increases demand for medical gases and regulators.

Key players in the market

Some of the key players in Industrial Gas Regulator market include Emerson Electric Co., Honeywell International, Inc., Air Products and Chemicals Inc., Cavagna Group S.p.A, Iwatani Corporation, Advanced Specialty Gases Inc., Praxair Technology, Inc., Messer Group, Air Liquide S.A., Mitsubishi Chemical Holdings Corporation, Rotarex S.A., Itron, Inc., Linde Group, Basf, Universal Industrial Gases Inc., Iceblick Ltd., Matheson Tri-Gas Inc and Ellenbarrie Industrial Gases Ltd.

Key Developments:

In January 2024, Japanese firm Iwatani Corp, in partnership with Soma Gas, is set to embark on an innovative venture involving the incorporation of hydrogen into liquefied petroleum gas (LPG) supplied to homes. This groundbreaking initiative, scheduled to kick off trials in February 2023, aims to blend hydrogen, constituting 20% of the overall mixture, with LPG. Subsequently, the blended product will be distributed to households via existing conduits by Soma Gas.

In August 2023, Emerson announced a definitive agreement to acquire FLEXIM Flexible Industriemesstechnik GmbH a global leader in clamp-on ultrasonic flow measurement for liquids, gases and steam. Headquartered in Berlin, Germany, Flexim brings highly differentiated, complementary technology and strong customer relationships to Emerson, with an installed base of more than 100,000 flowmeters, as well as approximately 450 employees.

In June 2023, Honeywell International Inc. HON has entered into a definitive agreement to acquire heads-up-display (HUD) assets of Swedish aerospace and defense company Saab Technology. The financial terms of the transaction are kept under wraps. The HUD system reduces the workload for pilots, helps them with increased situational awareness and increases flight safety. Per the deal, the companies will collaborate to advance and strengthen HON's HUD product portfolio. The acquisition will expand Honeywell's avionics and safety offerings.

Products Covered:

• Pressure-reducing Regulators
• Back Pressure Regulators
• Flow Regulators
• Point-of-use Regulators
• Other Products

Types Covered:

• Single-Stage Regulator
• Dual Stage Regulator
• Other Types

Gas Types Covered:

• Inert
• Corrosive
• Toxic
• Other Gas Types

Materials Covered:

• Brass
• Stainless Steel
• Other Materials

Applications Covered:

• Oil & Gas
• Chemical
• Steel & Metal Processing
• Medical Care
• Food and Beverage
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Industrial Gas Regulator Market, By Product

• 5.1 Introduction
• 5.2 Pressure-reducing Regulators
• 5.3 Back Pressure Regulators
• 5.4 Flow Regulators
• 5.5 Point-of-use Regulators
• 5.6 Other Products

6 Global Industrial Gas Regulator Market, By Type

• 6.1 Introduction
• 6.2 Single-Stage Regulator
• 6.3 Dual Stage Regulator
• 6.4 Other Types

7 Global Industrial Gas Regulator Market, By Gas Type

• 7.1 Introduction
• 7.2 Inert
• 7.3 Corrosive
• 7.4 Toxic
• 7.5 Other Gas Types

8 Global Industrial Gas Regulator Market, By Material

• 8.1 Introduction
• 8.2 Brass
• 8.3 Stainless Steel
• 8.4 Other Materials

9 Global Industrial Gas Regulator Market, By Application

• 9.1 Introduction
• 9.2 Oil & Gas
• 9.3 Chemical
• 9.4 Steel & Metal Processing
• 9.5 Medical Care
• 9.6 Food and Beverage
• 9.7 Other Applications

10 Global Industrial Gas Regulator Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 Emerson Electric Co.
• 12.2 Honeywell International, Inc.
• 12.3 Air Products and Chemicals Inc.
• 12.4 Cavagna Group S.p.A
• 12.5 Iwatani Corporation
• 12.6 Advanced Specialty Gases Inc.
• 12.7 Praxair Technology, Inc.
• 12.8 Messer Group
• 12.9 Air Liquide S.A.
• 12.10 Mitsubishi Chemical Holdings Corporation
• 12.11 Rotarex S.A.
• 12.12 Itron, Inc.
• 12.13 Linde Group
• 12.14 Basf
• 12.15 Universal Industrial Gases Inc.
• 12.16 Iceblick Ltd.
• 12.17 Matheson Tri-Gas Inc
• 12.18 Ellenbarrie Industrial Gases Ltd.