APAC Gas Pressure Regulators Market
Industry: Industrial Automation
Published Date: January-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 211
Report ID: PMRREP33008
The APAC gas pressure regulators market was valued at close to US$ 2.4 Bn in 2021, and is projected to expand steadily at a CAGR of 5.4% to top a market valuation of US$ 4 Bn by 2031.
| Attribute | Key Insights |
|---|---|
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APAC Gas Pressure Regulators Market Size (2020A) |
US$ 2.3 Bn |
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Projected Year Value (2031F) |
US$ 4 Bn |
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Value CAGR (2021-2031) |
5.4% |
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Collective Value Share: Top 3 Countries (2022E) |
72.1% |
The ASEAN region is expected to dominate the APAC gas pressure regulators market in terms of revenue in 2022. Indonesia is projected to create a total incremental $ opportunity of US$ 185.9 Mn from 2021 to 2031. Demand growth of gas pressure regulators is being propelled by rising demand from the medical and oil & gas sectors in the region.
Over the projected period of 2021 to 2031, increasing demand for gas pressure regulating systems for industrial gases for the operation of industrial units and for power generation is likely to be the primary driver for market expansion.
The market for industrial gas pressure regulators is expected to develop owing to rising demand for technologically sophisticated gas regulators, such as high-pressure gas regulators, low-pressure gas regulators, and natural gas pressure regulators, which will be driven by the need for increased dependability, higher performance, and reduced work redundancy.
Industrial gas regulator sales are expected to be driven by growth in industries such as medical care, manufacturing, oil & gas, chemicals & energy, and automobiles.
Rising population in developing countries is the main contributor to residential construction industry expansion. Also, increasing industrialization is also positively driving the construction sector in APAC. This growing industrialization is set to drive demand for fuel and natural gases, which will thereby create a healthy growth opportunity for gas pressure regulator manufactures.
Moreover, continuously shifting trends toward the production of digitally controlled gas pressure regulators with the integration of IoT-based technologies to cater with end-use demand capabilities and rising demand for gas regulators from the oil & gas and Industrial sector are expected to further augment market growth at a CAGR of 4.8% by volume over the decade.
“Online Sales of Gas Pressure Regulators Rising Rapidly”
Online gas pressure regulator sales are expected to offer a lucrative opportunity to market players. Shift of consumers toward online purchase of parts is due to ease of availability, lower prices, and ability to access complete product portfolios of parts, accessories, and services.
Aftermarket online sales of parts and services are dominated by new entrants in the market that are purely Internet-based. OEMs and wholesalers are also showing an inclination toward the online selling of gas pressure regulators.
Online sales helps customers identify new products in the market and this will also cut the margin of wholesalers. As a result of these factors, there are immense opportunities in the online selling of parts in the aftermarket. OEMs are collaborating with online retail hubs such as eBay and Amazon, and gas pressure regulator wholesalers are also focusing on generating a multi-channel presence or collaborating with pure online players.
Which is the Most Attractive Market for Gas Pressure Regulators in APAC?
“ASEAN Market to Drive Highest Sales of Gas Pressure Regulators”
Increasing demand for oil & gas in the ASEAN region will support growth of the APAC gas pressure regulators market. The region has a well-known presence of oil & gas companies, such as Sinopec, China National Petroleum, and Saudi Aramco, besides many others.
The oil & gas industry consists of some of the largest organizations in the world, many of whom are based in Asia. As energy demand has risen across APAC in the last 20 years, a number of countries have ramped up their production of fossil fuels to cater to the ever-rising demand.
ASEAN countries are estimated to dominate the APAC market for gas pressure regulators with more than 27% market value share, and be valued at US$ 678.9 Mn at the end of 2022.
Which Gas Pressure Regulator Type is Most-in-demand?
“Double-stage Gas Pressure Regulators Enjoying Highest Popularity across APAC”
Two-stage gas pressure regulators are ideal for applications with large variations in flow rate, significant fluctuations in inlet pressure, or decreasing inlet pressure that occurs when gas is supplied from a small storage tank or gas cylinder. Double-stage gas pressure regulators are expected to hold the highest market share, mainly due to the expanding construction sector in the region. Many government and private construction projects are ongoing in the region, thereby driving demand for gas pressure regulating equipment.
Due to high demand from the industrial and commercial sectors, double-stage regulators are projected to create a total incremental $ opportunity of US$ 928.9 Mn from 2021 to 2031.
Which Application is Projected to Provide Most Revenue for Manufacturers of Gas Pressure Regulators?
“Gas Pressure Regulator Sales for Oil & Gas Applications to Remain High”
The oil & gas segment is estimated to be valued at US$ 829.4 Mn by 2031, and exhibit a CAGR of 6.1% through the same period.
Gas pressure regulating devices are extensively used in critical process applications across end-use industries such as oil & gas, chemicals, and power generation. These regulators are extensively used in the oil & gas sector for industrial furnaces, large ovens, gas boilers, manufacturing plants, etc.
Increasing investments across upstream as well as downstream oil & gas industry operations across the region is expected to boost gas pressure regulator consumption, especially pressure relief valves, gas pressure regulator valves, and cylinder regulators in the near future.
COVID-19 lockdowns implemented across a number of countries had a negative influence on gas pressure regulator demand growth. Obstacles have arisen as a result of limited production and transportation-related delays caused by travel restrictions. Furthermore, economic activities had come to a halt due to widespread lockdowns and mobility restrictions.
Demand for gas pressure regulators in 2020 was affected by the shutdown of manufacturing businesses throughout the world. Decline in industrial and automotive product sales also had a substantial impact on the industrial sector.
Over the past few years, increasing acquisition and expansion activities has been witnessed to improve the supply chain of gas pressure regulators. Several key manufacturers of gas pressure regulator supplies are focusing on developing new technology-driven gas pressure regulators, Emergence of new gas regulator manufacturers has also been witnessed in this space.
For Instance:
| Attribute | Details |
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Forecast Period |
2021-2031 |
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Historical Data Available for |
2016-2020 |
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Market Analysis |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon Request |
Gas Pressure Regulators Market by Product Form:
Gas Pressure Regulators Market by Gas Type:
Gas Pressure Regulators Market by Application:
Gas Pressure Regulators Market by Country:
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The APAC gas pressure regulators market was valued at close to US$ 2.4 Bn in 2021.
Demand for double-stage regulators is set to rise the fastest over the coming years.
Sales of gas pressure regulators is driven by the switch over from coal to gas on a continuous basis, low-cost supplies being available in APAC countries, and extended expansion of supplies of LPG.
Production plants are being mandated to use gas pressure regulating equipment to regulate high gas pressure in systems such as large ovens, gas boilers, and industrial furnaces.
From 2016 to 2020, gas pressure regulator demand across APAC increased at a CAGR of 3%.
Sales of gas pressure regulators in APAC are projected to increase at 5.4% CAGR and be valued at over US$ 4 Bn by 2031.
Honeywell International Inc., Linde AG, Air Products and Chemicals Inc., Xylem Inc., Air Liquide SA, and Emerson are the top 6 gas pressure regulator manufacturers accounting for around 30% to 35% market share.
Through 2031, the market in Japan and South Korea is expected to expand at 3.4% and 4.3% CAGRs, respectively.
