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Industrial gas regulators are a type of flow control regulator used for regulating the pressure of various gases. They are commonly used in industries that produce food, oil and other products. The market for industrial gas regulators is expected to grow rapidly during the forecast period.
Industrial gas regulators are commonly used in various industries such as petroleum, energy and power, chemical, and petrochemical. The oil & gas industry is projected to hold a major share of the industrial gas regulators market.
Despite the high demand for industrial gas regulators in the chemical and energy industries, the cost of equipment may inhibit its growth. However, the increasing use of novel products and technology will help boost the market.
APAC is expected to experience a high growth rate during the forecast period. China and Japan are the most important countries for the industrial gas regulators market in this region.
Asia Pacific is anticipated to be the fastest growing segment in the global industrial gas regulators market during the forecast period. Increased demand for processed food, metal & mining, and chemical & pharmaceutical industries are also expected to drive the market. In addition, the rapid industrialization is boosting the need for industrial gas regulators.
Besides, increasing industrial infrastructure in emerging economies is expected to stimulate the growth of the industrial gas regulators market. Additionally, the emergence of liquefied natural gas automobiles will also contribute to the market growth.
Moreover, the oil & gas industry is projected to have the largest share in the end-user segment of the industrial gas regulators market. This is mainly attributed to the rising demand for gas powered power stations.
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