Sarasota, FL -- (SBWIRE) -- 12/28/2018 -- Global Gas Equipment Market: Overview

Gas mixtures are multi-component products that are developed for various applications. A wide range of gas mixtures products are used for laser processing. The global popularity of the gas equipment market can be due to the increase in the product demand by various end-user industries, such as healthcare and medical, and chemical, among others.

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Global Gas Equipment Market: Growth Factors

The major growth driver in the global gas equipment market is the rise in the usage of industrial gases in various industries, such as oil and gas, healthcare and medical, and chemical. Emerging economies, such as India, China, and Brazil, are potential markets for industrial gas equipment. Globalization, developing economies, and less number of trade barriers are also contributing to the development of the gas equipment market globally in the forthcoming years. Furthermore, acetylene and hydrogen gases have huge potential in the future, as the demand for both the gases is growing rapidly, particularly in the food processing, metallurgical, and chemical industries. Besides, various technological advancements and the launch of advanced products by the key players operating in the gas detection equipment are projected to create new growth opportunities in this global market, especially in the Asia Pacific region.

Global Gas Equipment Market: Segmentation

The global gas equipment market is classified into industrial gas, equipment type, end-user, and process. By industrial gas, this market includes helium, acetylene, hydrogen, atmospheric, and others (xenon, neon, nitrous oxide, krypton, and carbon monoxide). Based on equipment type, this market includes gas detection systems, cryogenics, gas generation, flow devices, purifiers and filters, regulators, and gas delivery. Cryogenics is likely to dominate this global market in the years ahead, owing to the increased usage of highly-cooled liquefied gases by the chemical industry. On the basis of process, the market for gas equipment comprises transportation, detection, storage, and generation. By end-user, this market includes oil and gas, emergency services, water treatment, mining, power generation, healthcare and medical, metal fabrication, chemical, and others (electronics, automotive, and food and beverage).

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Global Gas Equipment Market: Regional Analysis

The global gas equipment market is classified into Europe, North America, the Middle East and Africa, Latin America, and Asia Pacific. In 2017, the North American gas equipment market dominated globally and is anticipated to maintain its position over the estimated period as well. At the country level, the U.S. is likely to be the fastest growing country in this region. This growth can be attributed to the globalization and less number of trade barriers. The Asia Pacific region is projected to register the highest rate of growth in this market over the estimated time period. This regional growth can be due to the substantial developments made in the metal fabrication industry, owing to the rising demand for consumer appliances and automobiles. Other factors propelling this region's gas equipment market include rapid industrialization in China and India, technological developments and adoption of new machines in the healthcare sector, and strict government regulations for the safety and security of environment and workers.

Global Gas Equipment Market: Competitive Players

Some key market players of the gas equipment market include GCE Holding, Matheson Tri-Gas, Iwatani Corporation, Taiyo Nippon Sanso, Welsco, Messer Group, Advanced Specialty Gases, Itron, Air Products and Chemicals, Praxair, Colfax, Linde Group, Airgas, and Air Liquide, among others.

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Global Gas Equipment Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany