U.S. Industrial Gas Regulator Market was valued at US$ 2.7 Billion in 2021 and is expected to surpass US$ 4.1 Billion by 2030, registering a CAGR of 4.8% during the forecast period (2022-2030), according to the 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), published by Coherent Market Insights.
Gas regulator is the apparatus used for regulating and controlling inlet pressure to constant outlet pressure. Generally, gas regulators are comprised of a separate pressure sensor with the controller and flow valve. However, it can also be comprised of an integrated device with an output pressure setting, a restrictor, and a sensor. These gas regulators are used in various industries including oil & natural gas, chemicals, gas pipelines, power generation, etc.
The U.S. Industrial Gas Regulator Market was estimated to account for US$ 2,767.7 Bn in terms of value in 2021 and is predicted to grow at a CAGR of 4.8% during the forecast period (2022 to 2030).
Key Developments
- On June 2021, Rotarex Meditec - company that designs and manufactures premium quality gas control products and systems, has launched new generation of Alpinox pressure regulators for medical gases.
Market Driver
Food and beverage sector in the U.S. has witnessed significant growth in the recent past, owing to growing population, increasing urbanization, and high demand for food products. According to the Committee for Economic Development (CED), the annual food sector sales are around US$ 1.4 trillion, of which food and beverage industry generate around US$ 164 billion. Constant introduction of novel food and beverage products in the market is increasing the demand for improved gas regulators. Industrial gas regulators play a key role in food and beverage industry in controlling natural gas for boilers, controlling CO2 for beverages, etc. Thus, high growth of the food and beverage industry in the U.S. is expected to support growth of the U.S. industrial gas regulator market during the forecast period.
U.S. Industrial Gas Regulator Market - Impact of Coronavirus (Covid-19) Pandemic:
Nearly every industry in the United States was heavily impacted by the Covid-19 pandemic which also led to an extremely negative impact on the demand outlook for the industrial gas regulator market. Supply chain operations were disrupted causing shortage of raw materials and components required for regulator manufacturing. This has hampered the demand and manufacturing of gas regulator which have wide applications in the food and beverage industry. Hence the industrial gas regulator market witnessed slow growth during the pandemic.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/us-industrial-gas-regulator-market-3694
Browse 150 market data tables* and 90 figures* on “U.S. Customer Communication Management Market forecast to 2030”
Key Trends and Analysis of the U.S. Customer Communication Management Market:
- High growth of the oil & gas sector has significantly influenced energy-dependent industries such as chemicals and power generation. As a result of this, it has increased the demand for pressure control equipment in North America.
- Various industries across the U.S. are preferring industrial gas regulators fabricated brass. As compared to other materials such as steel, brass-based regulators have smoother internal finishes and smaller internal volumes, which allows maintaining noncorrosive gases with higher purity levels.
- Major players operating in the U.S. Customer Communication Management Market include GCE Group, Emerson Electric Co., Itron, Inc., The Linde Group, Rotarex S.A., Air Liquide S.A., Honeywell Process Solutions, Praxair Technology, Inc., Cavagna Group S.p.A, and Air Products and Chemicals Inc.
