Gas equipment helps to measure gas pressure, gas level, and detects the presence of harmful gases in the surroundings. Various regulatory reforms across the world controls the quality, safety, and standards of gas equipment. Gas equipment have easy maintenance, cost less, and are easy to operate. All these benefits make the gas equipment market highly popular worldwide. Usage of industrial gas such as atmospheric gas, hydrogen, acetylene, helium, and others in different industries such as chemical, oil & gas, and healthcare and medical has increased over time. In addition, increasing adoption of gas detectors due to growing operations of shale gas exploration and increasing demand for safety purposes is expected to drive the overall gas equipment market during the forecast period. Furthermore, technological advancements are resulting in increased product efficiency. As a result, demand for gas equipment has increased across the world. Increasing presence of gas equipment manufacturers and growing presence of distribution networks worldwide are expected to create huge opportunities during the forecast period. Apart from this, technological advancements and new product developments are expected increase the demand for gas equipment in North America, Asia Pacific, Europe, South America, and Middle East & Africa. However, the gas equipment device market is experiencing intense competition due to new entrants and the competitive pricing strategies adopted by players. The detector, storage and controllers are products that are offered by manufacturers on similar lines. Hence, competitors are expected to focus on pricing strategies that are likely to reduce profit margins.
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The global gas equipment market can be segmented by
equipment type, gas type, process, application, distribution channel, and
geography. Based on equipment type, the global gas equipment market is
segmented into gas generating systems, gas delivery systems, cryogenic products,
flow devices, gas regulators, purifiers & filters, gas detection systems,
and accessories. In terms of gas type, the global gas equipment market is
classified into atmospheric gases, hydrogen, acetylene, helium, and others. The
others segment covers neon, nitrous oxide krypton, xenon, carbon monoxide and
others. Based on process, the global gas equipment market can be classified
into generation, storage, detection, and others. On the basis of application,
the market is segmented into metal fabrication, oil & gas, chemical, and
others. The others segment includes automotive, electronics, food &
beverage etc.
On the basis of distribution channel, the gas equipment
market is segmented into online and offline stores. As compared to online
distribution channel, offline distribution channel dominated the market during
the forecast period, due to the rising number of local and international brand
retail stores across the world. Additionally, preference for purchase of
products through offline channels has resulted in the dominance of the global
gas equipment market.
Based on geography, the global gas equipment market has been
segmented into Asia Pacific, Europe, North America, South America, and Middle
East & Africa. The fast growing economies in the region are expected to
ensure that Asia Pacific remains the fastest growing region during the forecast
period. Europe and North America are mature markets with a very high
penetration rate of gas equipment. Hence, they are expected to have a low
growth rate, driven primarily by stringent policies and government regulations
associated with worker and workplace safety.
Major players operating in the global gas equipment market
are Colfax
Corporation, Linde AG, GCE Holding AB, Praxair, Inc., Air Products and
Chemicals, Inc., Air Liquide S.A., Allied Healthcare Products Inc, Ohio
Medical, Gentec Corp., Amico Corp, Matheson Tri-Gas Inc., Itron, Iwatani
Corporation, Welsco, Taiyo Nippon Sanso, Messer Grou and and others gas
equipment manufacturer across the world
The report offers a comprehensive evaluation of the market.
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projections about market size. The projections featured in the report have been
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- Supply
and demand
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size
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trends/opportunities/challenges
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breakthroughs
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The regional analysis covers:
- North
America (U.S. and Canada)
- Latin
America (Mexico, Brazil, Peru, Chile, and others)
- Western
Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium,
Netherlands, and Luxembourg)
- Eastern
Europe (Poland and Russia)
- Asia
Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle
East and Africa (GCC, Southern Africa, and North Africa)
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included under the purview of the study. By doing so, the report projects the
attractiveness of each major segment over the forecast period.
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complete backdrop analysis, which includes an assessment of the parent
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value and volume
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shares and strategies of key players
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niche segments and regional markets
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objective assessment of the trajectory of the market
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to companies for strengthening their foothold in the market
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