U.S. Industrial Gas Regulator Market, By Application (Oil & Gas, Chemical , Steel & Metal Processing, Pharmaceutical, Food & Beverage, and Others), By Gas Type (Inert, Toxic and Corrosive), By Regulator Type (Single Stage and Dual Stage) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Increasing demand for novel products that provide enhanced performance and consistency and reduced environmental impact are expected to boost the demand for new technologies in the near future. Constant enhancement in gas regulators is expected to set new quality standards in performance by replacing diaphragm used in conventional regulators with piston. With this, regulators can be operated at an increased frequency and enhanced pressure stability, which in turn, is expected to boost growth of the market during the forecast period. For instance, in July 2013, Linde Group introduced hybrid premium regulators named Smoothflo.
The use of industrial equipment with natural gas fuel is increasing rapidly. Industrial boilers and furnaces are some of the major such examples that use natural gas as fuel. These boilers are used in various industries including paper, chemicals, food, refining, chemicals, and manufacturing. Industrial gas regulators play a major role in maintaining, controlling, and monitoring gas flow and pressure in these appliances. According to Coherent Market Insights’ analysis, the U.S. food manufacturing industry has over 1,000 industrial boilers, of which some use natural gas as a fuel. On the contrary, the paper industry requires massive industrial boilers to burn production waste, paper, and pulp. Moreover, according to the same source, there are over 300 chemical plants in the U.S. Thus, these factors are expected to propel the U.S. industrial gas regulators market growth over the forecast period.
Restraint:
Strict regulatory policies involved in industrial gas regulators manufacturing are expected to hamper the U.S. industrial gas regulators market growth over the forecast period
Vibrant political scenarios across the globe are expected to hinder the U.S. industrial gas regulators market growth over the forecast period
Market Opportunity:
Gas processing equipment is being increasingly used in automotive industry for various manufacturing processes including the use of Oxyfuel-based cutting and welding in automotive fabrication processes. Moreover, rising preference for gas-powered automobiles is expected to boost the demand for gas regulators across the automobile sector including gas regulators for the pressure indicators of the tanks of liquefied petroleum gas (LPG) and compressed natural gas (CNG) used to power automobiles. Furthermore, industrial gas regulators can also be used in cyclic automotive industry aspects of tire air inflation and refilling machinery.
Chemicals sector is another major end-use sector that is increasingly adopting industrial gas regulators. Different types of gases are used in chemicals industry including inert, toxic, and corrosive. Monitoring and controlling these gases is crucial as leakage of any of them would lead to hazardous events. Industrial gas regulators can efficiently maintain and control desired gas pressure and provide required output whenever needed. Key players in the market can gain competitive edge by targeting the particular sector and providing suitable products.
U.S. Industrial Gas Regulator Market Report Snapshots