Global Industrial Gas Regulators Databank Market Report

Global Industrial Gas Regulators Databank Market Report

The Industrial Gas Regulators market was valued at $14,462.9 Million in 2022, and is projected to reach $17,647.6 Million by 2031 growing at a CAGR of 2.28% from 2023 to 2031. Chemical segment is expected to be the highest contributor to this market, with $4,519.5 Million in 2022, and is anticipated to reach $5,564.0 Million by 2031, registering a CAGR of 2.38%. Steel & metal processing segment is anticipated to reach $3,892.6 Million by 2031 with the highest CAGR of 2.43%. Chemical and Oil & gas segments collectively expected to account for about 60.5% share of the Industrial Gas Regulators market in 2022, with the former constituting around 31.2% share. Steel & metal processing and Medical care segments are expected to witness significant growth rates at a CAGR of 2.43% and 2.42% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 33.6% in the overall Industrial Gas Regulators market in 2022, and is anticipated to reach 34.1% by 2031.