Global Gas Equipment Market, By Equipment Type (Gas Delivery Systems, Gas Regulators, Flow Devices, Purifiers and Filters, Gas Generating Systems, Gas Detection Systems, Cryogenic Products, Accessories), Process (Gas Generation, Gas Storage, Gas Detection, Gas Transportation), Gas (Nitrogen, Hydrogen, Helium, Oxygen, Carbon Dioxide, Others), End-User (Metal Fabrication, Chemicals, Healthcare, Oil and Gas, Food and Beverage, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Gas Equipment Market
Data Bridge Market Research analyses that the gas equipment market will account for USD 98.45 billion by 2028 and will grow at a CAGR of 6.08% in the forecast period of 2021-2028.
Depending on the industry and process, gas equipment is a vital medium via which gases can be utilized. With the help of various gas equipment, transportation and storage of gases from one region to another, and from one country to another, has become significantly easier and safer. The use of gas equipment makes handling the gases quite safe.
The rise in the growth of energy industry and strict safety and environmental regulations are the major factors influencing the growth of gas equipment market. Furthermore, upsurge in the demand for gas equipment from healthcare, chemical, oil and gas sector will increase the adoption of gas equipment market. In addition to this, the rise in the adoption rate of gas detectors owing to the growing operations of shale gas exploration will act as a market driver and cushion its growth. Technological advancement coupled with new product launch and growing demand for safety purposes will positively impact the market's growth rate.
Moreover, the increase in the demand from emerging economies, rise in the presence of gas equipment manufacturers and green building concept will further provide beneficial opportunities for the market growth.
However, high costs associated with instruments and rising competition among players due to new entrants will obstruct the market growth. Reduction in the level of investments due to decreased profit margin and availability of affordable and effective technologies will further challenge the gas equipment market.
This gas equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on gas equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Gas Equipment Market Scope and Market Size
The gas equipment market is segmented on the basis of equipment type, process, gas and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of equipment type, the gas equipment market is segmented into gas delivery systems, gas regulators, flow devices, purifiers and filters, gas generating systems, gas detection systems, cryogenic products and accessories.
- On the basis of process, the gas equipment market is segmented into gas generation, gas storage, gas detection and gas transportation.
- On the basis of gas, the gas equipment market is segmented into nitrogen, hydrogen, helium, oxygen, carbon dioxide and others.
- On the basis of end-user, the gas equipment market is segmented into metal fabrication, chemicals, healthcare, oil and gas, food and beverage and others.
Gas Equipment Market Country Level Analysis
The gas equipment market is segmented on the basis of equipment type, process, gas and end-user.
The countries covered in the gas equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America and Europe dominate the gas equipment market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the presence of major players and high penetration rate of gas equipment. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period due to rapid industrialization, infrastructural development and increasing population in this region.
The country section of the gas equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The gas equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for gas equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the gas equipment market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Gas Equipment Market Share Analysis
The gas equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to gas equipment market.
The major players covered in the gas equipment market report are Rexarc International, Inc., Hannay Reels Inc., Filtration Group, Donaldson Company, Inc., Messer SE & Co. KGaA, Colfax Corporation, PARKER HANNIFIN CORP, John Wood Group PLC, Air Liquide, GCE Group, Camfil, Linde plc, Johnson Thermal Systems, Global Display Solutions S.p.a., Aerzen, ENOTEC GmbH, Freudenberg Filtration Technologies SE & Co. KG, Universal Industrial Gases, Inc., Gas Equipment Inc., Bry-Air, MATHESON TRI-GAS, INC., Air Products Inc., American Air Filter Company, Inc., Itron Inc. and Iwatani Corporation, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.