It is anticipated that in the near future, there will be a rise in the demand for newer products with improved performance, consistency, and minimal environmental effect. By substituting a piston for the diaphragm used in traditional regulators, ongoing improvements in gas regulators are anticipated to raise the bar for performance quality. This enables regulators to function with greater frequency and improved pressure stability, which is anticipated to fuel market expansion over the course of the projection period. For instance, the Smoothflo hybrid premium regulators by Linde Group were unveiled in July 2013. The usage of industrial machinery powered by natural gas is expanding quickly. Among the many appliances that use natural gas as fuel are industrial boilers and furnaces. Paper, chemicals, food, refining, chemicals, and manufacturing are just a few of the industries that use these boilers. Maintenance, control, and monitoring of gas flow and pressure in these equipment are largely accomplished by industrial gas regulators.
Coherent Market Insights estimates that the market for Industrial Gas Regulators in the United States was estimated at US$ 2,767.7 billion in 2021 and is anticipated to rise to US$ 4,163.5 billion by 2030, at a CAGR of 4.8% from 2022 to 2030.
Major Players in the U.S. Industrial Gas Regulator Industry:
1. GCE Group
The business is headquartered in Malmö, Sweden, and was established in 1987. The company sells gas control panels, line regulators, valves, cutters, welding sets, personal protective equipment and cylinder regulators. The Zen-O liteTM Portable Oxygen Concentrator from GCE Healthcare will begin selling in Europe in June 2020 together with the company's online monitoring platform Clarity Connected Care. (POC). GCE is a component of ESAB Corporation as of April 2022.
2. Emerson Electric Co.,
The company was established in 1890 and has its main office in Missouri, United States. The business produces goods and offers engineering services for the industrial, commercial, and consumer industries. Emerson bought American Governor Company on April 1, 2020, to increase its market share for hydropower controls systems. A $14 billion deal, including debt, was reached by Emerson and Blackstone Inc. in October 2022 to allow Emerson to sell a 55 percent majority stake in its climate technology division.
3. Itron, Inc.
The business was founded in 1977 and is located in Washington, United States. Its offerings include software, communications systems, measurement and control equipment for electricity, gas, water, and thermal energy. The company provides goods and services for managing water and energy resources. Itron bought SELC, a provider of street lighting controls, in 2021.
4. The Linde Group
The company was established in 1879 and has its main office in Dublin, Ireland. The company's main line of business is the production and delivery of process gases such carbon dioxide, helium, gas, ammonia, electronic elements, speciality gases, and acetylene as well as atmospheric gases like oxygen, nitrogen, argon, and rare gases. Linde paid Marks and Spencer £145 million in September 2022 to purchase Gist Ltd.
5. Air Liquide S.A.
Its headquarters are in Paris, France, where it was founded in 1902. The business provides services and industrial gases to a range of sectors, including the chemical, medical, and electronic industries. Air Liquide inked a contract in December 2022 to sell its Trinidad and Tobago operations. Air Liquide began its third Scientific Challenge in November 2022 in support of decarbonization.
6. Praxair Technology, Inc.
The company was established in 1907 and has its main office in Connecticut, United States. The business sells industrial gases, liquid containers, and gas cylinders. Additionally, it provides services for inspecting, testing, and cleaning pipes, furnaces, vessels, reactors, and tanks as well as drying, chilling, and purging them. Pipelines and oil and gas systems are designed and constructed by Praxair Technologies.
7. Cavagna Group S.p.A,
The company was established in 1949 and is based in Brescia, Lombardia (North of Italy). Cavagna Group SpA produces apparatus and fittings for the storage and control of compressed gases. LPG, energy gas, medicinal gas, and industrial gas are just a few of the industries where the Cavagna Group is a global leader in manufacturing.
*Definition: A control device known as an industrial gas regulator regulates and maintains the gas pressure to guarantee safe and efficient operations. Gas regulators are made up of a flow valve, a controller and a separate pressure sensor.
