As a result, utilization of gas pressure regulators in diverse industries is expected to surge. According to a research report released by Persistence Market Insights, the gas pressure regulators market is expected to witness 4% CAGR during the forecast period (2019-2029).
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Notable Insights from Gas Pressure Regulators Market Study
“It is very unsafe to let high pressure gases flow from one system to another without reducing pressure; therefore, the use of a gas pressure regulator becomes mandatory when using/supplying gases in industrial, residential, or commercial applications,” says a PMR analyst.
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Gas Pressure Regulators Market: Competitive Landscape
The gas pressure regulators market is fairly fragmented, as a large number of players are offering products for diverse applications. Key manufacturers such as Honeywell International, Air Liquide SA, Linde, Emerson Electric Co., and Itron Inc. account for around one-fourth of the overall market share. In the current scenario, North America and Europe are anticipated to account for a significant share of the global gas pressure regulators market, owing to expanding gas utilities as a result of increasing demand for residential and commercial applications.
Superior Characteristics of Gas Pressure Regulators
Wide range of applications of gas pressure regulators are shaping market growth positively. Manufacturers are offering diverse sizes gas pressure regulators for applications in medical, manufacturing, water treatment, automotive, mining, and others. Players are focusing more on product development strategies to sustain their positions in the highly competitive market.
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