Global Industrial Gas Regulator Market 2019-2023
About this market
Industrial gas regulators are used in natural gas pipelines. storage tanks. and transportable cylinders They help in maintaining the required discharge pressure. which is essential for the effective performance and safety of natural gas applications. The growing production and consumption of natural gas in the Americas and APAC are leading to the construction of natural gas pipelines and storage facilities. This is increasing the demand for industrial gas regulators from the downstream natural gas sector. The increasing the investments in natural gas pipeline projects to transport natural gas from Russia to Europe. Therefore, the increasing applications of natural gas in North America. Europe. China, and Japan are expected to drive the growth of the global industrial gas regulator market during the period. Technavio’s analysts have predicted that the industrial gas regulator market will register a CAGR of over 3% by 2023.
Growing demand for industrial gases
The growth of the consumer goods and e-commerce sectors is driving investments in the pulp and paper industry in China and India. Carbon dioxide and ozone are used for the acidification of brown stock washers and bleaching, respectively, in the pulp and paper industry. Thus, the growing demand for industrial gases is expected to augment the growth of the global industrial gas regulator market during the forecast period.
Low penetration of natural gas in developing countries
The lack of funding and the difficulties faced during the construction of utilities in densely populated urban areas hinder the speed of these projects. Thus, small-scale industries and residences in developing countries do not have access to natural gas utilities. This hinders the growth of the industrial gas regulator market in most of the developing countries.
For the detailed list of factors that will drive and challenge the growth of the industrial gas regulator market during the 2019-2023, view our report.
The industrial gas regulator market is moderately fragmented with vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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