Industrial Gas Regulator Market — A Booming trend in Automation Industry

Mergers and acquisitions among key players in the larger oil and gas sector is a key growth trend prevalent in the global industrial gas regulator market. This is not only aiding key players expand their operations, but is shaping the industry to have a consolidated vendor landscape. Further, key players are pouring money into innovation and advancement of existing products for competitive gains. These newer products are likely to overcome the drawbacks of predecessor products that are subject to strict regulations for safety reasons, which will work in favor of the industrial gas regulator market.
The primary factor driving the global industrial gas regulator market is the growing demand for industrial gases for power generation and for the operating of industrial units. Several governments around the world are promoting the use of natural gas in place of conventional fossil fuel to curb CO2 emissions.
As per estimates presented by a report by Transparency Market Research, the global industrial gas regulator market will expand at a CAGR of 3.11% for the forecast period between 2017 and 2025, for the market to be evaluated at US$18,240 mn by the end of 2025. The market stood at a valuation of US$13,783.7 mn in 2016.
Get an exclusive sample of this report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14219
In terms of geography, the report studies the global industrial gas regulator market across North America, Asia Pacific, Europe, South America, and the Middle East & Africa. In 2016, North America stood as the leading revenue generating region followed by Europe. In the years ahead too, these regions are expected to maintain their dominant positions.
However, Asia Pacific is expected to display the leading CAGR between 2017 and 2025 on account of the rising demand for natural gas for power generation and industrial units. The growth in the region is largely driven by massive production and consumption of acetylene gas in China.

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