Population explosion in the developing economies is one of the major contributors to the growth of the residential sector. The overall situation is expected to witness a renaissance also due to growing industrialization.
Gas pressure regulators’ use is compulsory in the manufacturing plants to regulate high gas pressure inside the system. They are being broadly used in gas boilers, industrial furnaces, and large ovens in the oil & gas vertical.
Coal-to-gas switch is also a continued norm, which is another factor governing the gas pressure regulator market. Persistence Market Research has walked through these facts with foresight in its latest market study entitled “Gas Pressure Regulator Market”. Both – micros and macros have been worked on.
How is the Gas Pressure Regulator Market categorized?
The global gas pressure regulator market, by type of product, spans double-stage and single-stage. By type of gas, it’s corrosive gases, toxic gases, inert gases, fuel gases, and likewise. By application, it’s oil & gas, medical, automotive, manufacturing, residential & commercial, mining, water treatment, and likewise. Out of these, toxic gases hold the largest market share, followed by fuel gases. Also, the oil & gas sector contributes a major share of the revenue. Persistence Market Research has etched these facts with prospects in its latest market study entitled “Gas Pressure Regulator Market”.
North America holds the largest market share, followed by Europe. This could be attributed to the continuous updating of the technology herein. However, the Asia-Pacific is expected to grow at the fastest rate in the gas pressure regulator market. This could be attributed to rapid industrialization in economies like China and India. Persistence Market Research has, with the help of its line of expertise in the form of analysts and consultants, has entailed these facts with insights in its latest market study entitled “Gas Pressure Regulator Market”.
Persistence Market Research has profiled the key players in the gas pressure regulator market Honeywell International, Air Liquide SA, Itron Inc., Emerson Electric Co., Xylem, Air Products and Chemicals, Inc., Rotarex SA, ESAB, Watts Water Technologies, Inc., Linde plc, Matheson Tri-Gas, Inc., Medenus Gas-Druckregeltechnik GmbH, Pietro Fiorentini S.p.A., Essex Industries, Inc., and Gregerson Gasetechnik GmbH. These players are engaged in activities like mergers, acquisitions, partnerships, joint ventures, and new product launches to strengthen their foothold in the gas pressure regulator market.
The Way Further
The global gas pressure regulator market is poised to grow on an impertinent note in the next 10 years – Persistence Market Research