Zion Market Research, the market research group announced the analysis report titled 'Industrial Gas Regulators Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024'
Sarasota, FL -- (SBWIRE) -- 09/21/2017 -- Global Industrial Gas Regulators Market: Overview
Industrial gas regulators are the devices that are used to maintain the correct pressure of the gas in the industrial area for effective operations in various industrial applications. The ideal pressure maintained by industrial regulators is called as the set point of the regulators.
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Global Industrial Gas Regulators Market: Growth Factors
The global industrial gas regulators market is likely to elevate in the near future. The rise in the demand of the industrial gas regulators from the industry has elevated the growth of the global market. In addition to this, use of advanced technology in the production of the industrial gas regulator is also boosting the growth of the global industrial gas regulators market. Moreover, growing awareness about the advantages of industrial gas regulators is also one of the main reasons that are driving the global industrial gas regulators market.
On the other hand, the hefty cost of ownership for the tools essential for industrial gas regulators is the main reason hindering the growth of the global industrial gas regulators market. In addition to this, high charge for maintenance is also one of the significant reasons that are restraining the growth of the global market. Additionally, lack of job opportunities and high cost for labor is also one of the significant reasons that are hampering the growth of the global market.
Global Industrial Gas Regulators Market: Segmentation
Based on the type, the global market for industrial gas regulators is mainly classified as the single stage and dual stage.
On the basis of gas types, the global market is segmented into inert, corrosive, toxic, and others.
Based on material, the global market for industrial gas regulators is mainly bifurcated as brass and stainless steel.
On the basis of applications, the global market is divided into chemical, oil & gas, medical care, steel & metal processing, food & beverage, and others.
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Global Industrial Gas Regulators Market: Regional Analysis
The global industrial gas regulators market is geographically classified as Asia Pacific, North America, and Rest of the World. The rise in the demand of the industrial gas regulators from the industry has boosted the global market in North America. Use of advanced technology in the production of the industrial gas regulator is the main factors that are lowering the global industrial gas regulators market in Asia Pacific region. The rest of the world will show a steady growth in the growth of the global market.
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Global Industrial Gas Regulators Market: Competitive Players
Major players in the global industrial gas regulators market are Cavagna Group S.p.A., Emerson Electric Co., Colfax Corporation, the Linde Group, Praxair Technology, Inc., Air Liquide, Airgas, Inc., GCE Group, Air Products and Chemicals, Inc., Itron, Inc., and others.
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