APAC gas pressure regulator sales were valued at around US$ 2.4 Bn in 2021, with steady long-term projections, according to latest insights by Persistence Market Research. The report estimates the market to expand at 5.4% CAGR from 2021 to 2031. Constant use of gas pressure regulators in the oil & gas, medical, automotive, manufacturing, residential & commercial and mining sectors is driving market expansion.
To remain ‘ahead’ of your competitors, request for a Sample@ https://www.persistencemarketresearch.com/samples/33008
Population growth in developing countries has a huge impact on the growth of the residential construction sector. In addition, industrial development also positively reflects the construction situation in APAC countries. Industrialization development is projected to drive demand for fuel and natural gas. Use of gas pressure controllers is mandatory in production facilities to control high gas pressure within the system. In addition, gas pressure regulators are widely used in industrial furnaces, large ovens, gas boilers, production plants, etc., in the oil & gas sector.
Overall, the growing oil & gas industry is predicted to drive the need for gas pressure regulators.
Key Takeaways from Market Study
- By product form, double-stage gas pressure regulators are expected to hold the highest market share owing to the growing construction sector in APAC.
- By gas type, the toxic gas segment is projected to increase at 5.5% CAGR by volume during the period of 2021 to 2031.
- By country, China is anticipated to witness substantial growth in gas pressure regulator sales.
- By application, the oil & gas sector expanded Y-o-Y of 5.6% in 2021.
For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/33008
Competitive Landscape
Leading manufacturers of gas pressure regulators include Linde plc, Honeywell International Inc., Air Liquide SA, Xylem, Emerson Electric Co. & Subsidiaries, Emerson Electric Co. & Subsidiaries, Rotarex S.A., Colfax Corporation, Air Products and Chemicals Inc., Lincoln Electric Holdings Inc., Messer Cutting Systems, Itron Inc., Watts Water Technologies Inc., Cavagna Group, Starex Welding, and Cutting Technologies.
To gain a competitive edge in the market, key players are likely to invest in new technology developments and expansion of their. Apart from this, market players are investing in strategic collaborations, mergers, and acquisitions to expand their global footprint.
For instance:
- In June 2021, Air Liquide SA acquired 16 air separation units from Sasol Limited, an energy and chemical company in South Africa.
- In April 2019, Messer Industries GmbH, along with CVC Capital Partners Fund VII, acquired a majority of Linde AG’s gas business in North America and Praxair business activities in South America.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/33008
About us: Persistence Market Research
Contact us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com