Global Industrial Gas Regulators market report 2024, Forecast To 2033

The industrial gas regulators market has seen robust growth, increasing from $16.48 billion in 2023 to $17.58 billion in 2024, with a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period is attributed to the surge in industrialization and manufacturing activities, the increasing use of industrial gases in various applications, the need for precise pressure control and regulation in processes, the expansion of chemical, petrochemical, and pharmaceutical industries, and the demand for reliable and high-performance gas handling equipment. The market is expected to experience substantial growth, reaching $22.71 billion in 2028, with a CAGR of 6.6%. Contributing factors include the transition to specialty gases and high-purity gases in industries, the integration of smart and IoT-enabled regulators for monitoring and control, a focus on energy efficiency and sustainable gas handling solutions, the adoption of alternative fuel gases in energy and transportation sectors, and the expansion of gas handling in healthcare and life sciences applications. Major trends in the forecast period encompass integrated pressure and flow control, high-precision and ultra-high-purity regulators, electronic and digital pressure regulation, remote monitoring and control via IoT, and dual-stage and multi-stage pressure regulation.