Industrial gas regulators are control devices that maintain the gas pressure to ensure safe and effective operations in different applications across various industries. Pressure reducing regulators are used for maintaining desired outlet pressure while delivering the necessary gas flow which will satisfy the downstream demand. The growth of the oil and gas sector has positively influenced the energy-dependent industries such as power generation and chemicals, which has led to increased demand for pressure control equipment in North America. According to the U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2015, natural gas consumption of the industrial sector will grow at an annual rate of 0.5% through 2020. There is increasing demand for natural gas from residential, commercial, and electric power sectors. Methanol and fertilizer industries, the most gas intensive industrial end-users, are expected to be the primary drivers for growth.
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In the United States industrial gas regulator market valued at US$ 2537.5 Mn in 2018 and expected to grow with a CAGR of 2.8% from 2019 to 2027. The toxic gas segment was accounted for around 30% of the U.S. market in 2018.
Growing applications of natural-gas-fuel-based equipment boosting the demand for industrial gas regulators in the United States
Increase in demand for natural gas for power generation and operation of industrial units in various industries is providing lucrative opportunities to the industrial gas regulators market. U.S. Government is promoting the usage of natural gas in place of fossil fuels for power generation in order to reduce air pollution and carbon emissions. Demand of natural gas is growing at a higher pace especially in industrial boilers and furnaces. Gas regulators play an important role in maintaining, monitoring and controlling the flow of gas and pressure in these natural gas fuelled appliances. Boilers that are run on natural gas and furnaces are used in various types of industries, which include food, paper, chemicals, refining, and manufacturing.
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The food manufacturing sector in the United States possesses over 10,000 industrial boilers. Small boilers are used to burn natural gas. On the other hand, the paper industry requires large industrial boilers to burn production waste, pulp and paper. Furthermore, there are 300 chemical plants in the United States that have large boilers. Due to the use of such kind of boilers that use natural gas as a fuel, the demand for industrial gas regulators in the United States has received a huge boost.
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Increase in Usage of Internet of Things (IoT)
Dependence on IoT has been rising in oil pipeline and automobile industries. IoT is playing an important role, as it helps make real-time decisions, and connect products, people, assets, and services to streamline the flow of information, and improve asset, process, performance, and product quality. Key players operating in oil pipeline and automobile industries have started planning strategies integrated with IoT to optimize its benefits. Increase in efficiency and productivity of processes is likely to drive the oil pipeline market, thereby boosting the demand for industrial gas regulators to improve the infrastructure and simultaneously creating demand for the industrial regulator market
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