Global gas equipment market is expected register a substantial CAGR of 5.2% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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Global gas equipment market is a highly concentrated market which includes key players and local players. The market has witnessed increased strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to the demand of food and beverage, healthcare, oil & gas, metal fabrication and chemical and which is one of the factors boosting the growth of the market. The increasing industrialization and urbanization which requires high transportation of the gases is driving the biodegradable paper & plastic packaging gas equipment market.
The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio in order to meet the rising demand of innovative technology. For instance, In May 2019, the business unit of Low Pressure Connectors Division Europe of Parker Hannifin namely, Transair business unit, has launched new series of products that will meet the necessary requirement of technical rooms. The addition will give ease of installation, modularity, performance and safety.
Air Liquide dominated the gas equipment market in 2018. The other players in the market include Linde, Air Products and Chemicals, Inc., Iwatani Corporation, PARKER HANNIFIN CORP, Colfax Corporation, John Wood Group PLC and others.
Air Liquide headquartered in Paris, France was founded in 1902. The company is a world leader in gases, technologies and services for industry and health. The company has three operating divisions namely, gas & services, global markets & technologies, engineering & construction.
Gas & services segment offers different gases and related equipment. Global markets & technologies deal in new technology for different products ranges. Engineering & construction wide range of constructional products.
In March 2019, Air Liquide completes the acquisition of Tech Air, a U.S. based company who is a large distributor of welding supplies and industrial gases. This will help the company to strengthen their presence in U.S.
It has its global networks in North America, South America, Europe, Middle-East & Africa and Asia-Pacific. The company has various subsidiaries such as Airgas (U.S.), SEPPIC (France), Air Liquide Japan Ltd. (Japan), Air Liquide Singapore Private Limited (Singapore), Aqua Lung America (U.S.), American Air Liquide Holdings, Inc. (U.S.), Air Liquide Brasil S.A. (Brazil), Air Liquide Australia Limited (Australia) and others.
Linde headquartered in Munich, Germany was founded in 1879. The company is a supplier of process, specialty gases and industrial. Gases segment deal in wide variety of industrial gases for various industrial processes. The product categories of company include aquaculture solutions & services, atmospheric gases, electronic gases and chemicals, energised solutions for the oil and gas industry, food chilling & cooling, food freezing, food grade gases, fuel gases, fumigants, gas mixtures, heat treatment, packaged chemicals, pharmaceutical solutions, plant and pipeline services, plastics & rubber solutions, refining solutions, refrigerants, shielding gases, specialty gases & equipment, welding and safety products, supply modes, health & safety.
In September 2018, Linde LienHwa, a major supplier of chemicals and gases to the electronic industries, has launched SPECTRA EM product line. Under this line, SPECTRA-N nitrogen generators will give power efficient and flexible nitrogen supply for semiconductors. This will help the company to gain a name in market and will help them in achieving greater heights in future.
It has its global networks in the Africa, Asia, Europe, North America, South America and South Pacific. It operates through its subsidiaries such as Linde UK Holdings Limited (U.K.), Linde Korea Co. Ltd. (Korea), Linde Gas Italia S.r.l. (Italy), Aga S.A. (Uruguay), All Products Healthcare France S.A. (France), BOC Papua New Guinea Limited (Guinea) and others.
Air Products and Chemicals, Inc.:
Air Products and Chemicals, Inc. is headquartered in PA, U.S. was founded in 1940. The company is engaged in providing industrial gases and related equipment to various industries including refining, chemical, metals, electronics, manufacturing and food and beverage. The company operates through one segment which is industrial gases.
Industrial gases segment offers wide variety of gases and equipment separation units and noncryogenic generators. It offers product for steel & primary metals processing, chemical and petrochemical manufacturing and oil & gas recovery and processing.
In January 2019, Air Products and Chemicals, Inc. announced that it has expanded the nitrogen supply in Tianjin, China. It will support their upcoming and long term growth. This will help the company to serve China by giving high end research and development base.
The company has its global networks through direct sales representatives and distributors in Africa, Americas, Asia, Europe, Middle East and West Indies. It operates through its subsidiaries such as Air Products (Rozenburg), LLC (U.S.), Air Products Caribbean Holdings, Inc. (U.S.), Terapias Medicas Domiciliarias, S.A. (Argentina), Air Products Gesellschaft mbH (Austria), Air Products Healthcare (Belgium), Air Products Management (Belgium), Air Products Brasil Ltda. (Brazil), Air Products (Changsha) Co., Ltd.(China), Air Products (Hong Kong) Co., Ltd.(China), Air Products (Jiangxi) Co., Ltd.(China) and many others.
Global Gas Equipment Market – Industry Trends and Forecast to 2026
Asia-Pacific Gas Equipment Market – Industry Trends and Forecast to 2026
Europe Gas Equipment Market – Industry Trends and Forecast to 2026
Middle East and Africa Gas Equipment Market – Industry Trends and Forecast to 2026
North America Gas Equipment Market – Industry Trends and Forecast to 2026