North America Gas Equipment Market By, Equipment Type (Gas Delivery Systems, Gas Regulators, Flow Devices, Purifiers and Filters, Gas Generating Systems, Gas Detection Systems, Cryogenic Products and Accessories), Process (Gas Generation, Gas Storage, Gas Detection and Gas Transportation), Gas (Nitrogen, Hydrogen, Helium, Oxygen, Carbon Dioxide and Others), End-User (Metal Fabrication, Chemicals, Healthcare, Oil and Gas, Food and Beverage and Others), Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2028.
Market Analysis and Insights: North America Gas Equipment Market
The gas equipment market is expected to witness market growth at a rate of 6.90% in the forecast period of 2021 to 2028. Data Bridge Market Research report on gas equipment market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growth in healthcare sector globally is escalating the growth of gas equipment market.
Gas equipment refers to the significant medium by which the gases can be utilized depending upon the industry and its process. Various gas equipment are used for transportation and storage of gases from one region to another as they make it easier and safe. The gas equipment is available in several ranges, giving consumers great flexibility in selection of appropriate equipment for desired applications.
The rise in the energy sector across the region acts as one of the major factors driving the growth of gas equipment market. The increase in deployment of gas generators in several end-user industries in the region, and presence of stringent safety and environmental regulations accelerate the market growth. The rise in the prevalence of respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), pulmonary fibrosis, and pneumonia, among others, and industrial development in the region further influence the market. Additionally, high healthcare expenditure, rise in health consciousness among consumers, increase in disposable income and growth in oil and gas sector positively affects the affects the gas equipment market. Furthermore, high demand for gas equipment from healthcare sector extend profitable opportunity to the market players in the forecast period of 2021 to 2028.
On the other hand, technical issues and cost factors are expected to obstruct the market growth. Development of affordable as well as effective technologies is projected to challenge the gas equipment market in the forecast period of 2021-2028.
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 localized 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 Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America 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 analyze 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 products, 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 end- 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.
North America Gas Equipment Market Country Level Analysis
The gas equipment market is analyzed and market size insights and trends are provided by country, equipment type, process, gas and end-user as referenced above.
The countries covered in the North America gas equipment market report are U.S., Canada and Mexico in North America.
U.S. dominates the North America gas equipment market due to rise in respiratory diseases within the region. Canada is projected to witness high growth during the forecast period of 2021 to 2028 because of the growth in awareness in the region.
The country section of the 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
North America 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 North America gas equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the North America gas equipment market. The data is available for historic period 2010-2019.
Competitive Landscape and North America 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 Corporation, Donaldson Company, Inc., Colfax Corporation, PARKER HANNIFIN CORP, John Wood Group PLC, Air Liquide, Messer Group GmbH, GCE Group, Camfil, Linde, Johnson Thermal Systems, GDS Inc., Aerzen, Freudenberg Filtration Technologies SE & Co. KG, ENOTEC, Universal Industrial Gases, Inc., LP-Gas Equipment Inc., Bry-Air, Inc., American Air Filter Company, Inc., Air Products and Chemicals, Inc., Matheson Tri-Gas, Inc., Itron Inc. and Iwatani Corporation., and others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.