Oil and Gas Sector in U.S. Industrial Gas Regulator Market to Witness High Growth by 2024

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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.

Growing applications of natural-gas-fuel-based equipment boosting the demand for industrial gas regulators in the United States

The use of industrial equipment that uses natural gas as a fuel is expanding rapidly in the United States. Especially, industrial boilers and furnaces have led to growing demand for industrial gas regulators. Boilers that are run on natural gas and furnaces are used in various types of industries, which include food, paper, chemicals, refining, and manufacturing. Gas regulators play an important role in maintaining, monitoring and controlling the flow of gas and pressure in these natural gas fuelled appliances.

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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. The impact of this driver on the industrial gas regulator market in the United States is expected to be high during the coming years due to the increasing demand for large and small boilers in industries for manufacturing processes.

Inert industrial gas regulators to dominate the market in the United States

Inert gas regulators are made up of materials that prevent unwanted chemical reactions from taking place. Such kind of regulators are used in various types of industries like chemicals, food and oil & gas. The regulators used to maintain the flow and pressure of toxic gas are considered under the toxic gas regulators segment. The application of toxic gas is found across industries including chemicals, petrochemicals, refineries, coal and oil & gas.

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In the United States industrial gas regulator market by gas type, the inert gas segment was valued at US$ 1,477.8 Mn in 2017. This is primarily due to the large application of natural gas across various industrial sectors and increasing adoption of inert gas to avoid unwanted chemical reactions taking place during the manufacturing process. On the other hand, the toxic gas segment was valued at US$ 434.7 Mn in 2017 and the corrosive gas segment was valued at US$ 555.8 Mn in 2017.

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