Gas Equipment Market To Power Firmly And Reach $111.86 Billion By 2032

According to the report published by Zion Market Research, global demand for Gas Equipment market was valued at approximately USD 53.86 Billion in 2023 and is projected to hit USD 111.86 Billion by 2032, with a compound annual growth rate (CAGR) of 8.46% during the forecast period 2024-2032. The global gas equipment market is expected to see noteworthy development in the coming years with the rising employment of industrial gases in chemical, metal fabrication, healthcare & medical, and oil & gas industries. Developing markets such as Brazil, China, and India are surfacing as growth frontiers for gas equipment. Increasing globalization, economies, and lower trade hurdles act as the major boosters for elevated growth avenues in these countries.

The major players in the gas equipment market are Air Products And Chemicals, Inc., Linde AG, Praxair Inc., Air Liquide S.A, and Iwatani Corporation. The other vendors in the market are Matheson Tri-Gas, Inc., Colfax Corporation, Messer Group GmbH, Itron, Inc., and GCE Holding AB.

Employment Of Cryogenic Goods Expected To Elevate At The Quickest Speed In The Years To Come

The cryogenic products category is expected to be the quickest-developing equipment segment in the years to come. Owing to the rising employment of extremely cooled liquefied gases in the chemical industry and other industrial processes, the requirement for cryogenic goods such as cryogenic storages, pressure vessels, and cold traps for storing and transporting has also elevated and it is predicted to undergo the same trend by the end of 2025. This category is expected to develop at the max CAGR in the years to come and grab the biggest share of the market.

North America Ruled The Global Gas Equipment Market And Expected Maintain The Position

North America had the biggest gas equipment market share and is expected to power the market in the years to come. The US is expected to be the quickest-developing nation for gas equipment in the years to come whereas the Asia Pacific market is expected to develop at the max CAGR. Factors such as development of the metal fabrication sector owing to the rising requirement for consumer appliances and automobiles, growth of new techs and machineries in the medical & healthcare industry, swift industrialization in the up-and-coming Asia Pacific area, and strict regulations by government related to environmental and worker safety are powering the gas equipment market.

Browse the full “Gas Equipment Market By Industrial Gas ( Helium, Acetylene, Hydrogen, Atmospheric, And Others (Xenon, Neon, Nitrous Oxide, Krypton, And Carbon Monoxide), Equipment Type (Gas Detection Systems, Cryogenics, Gas Generation, Flow Devices, Purifiers And Filters, Regulators, And Gas Delivery), Process (Transportation, Detection, Storage, And Generation), End User ( Oil And Gas, Emergency Services, Water Treatment, Mining, Power Generation, Healthcare And Medical, Metal Fabrication, Chemical, And Others(Electronics, Automotive, And Food And Beverage)): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/gas-equipment-market

The global gas equipment market is segmented as follows:

By Equipment Category:

• Gas delivery systems
• Gas regulators
• Flow devices
• Purifiers & filters
• Gas generating systems
• Gas detection systems
• Cryogenic products
• Accessories

By Gas:

• Atmospheric gases
• Hydrogen
• Acetylene
• Helium
• Other gases (carbon monoxide, krypton, neon, xenon, and nitrous oxide)

By Process

• Generation
• Storage
• Detection
• Transportation

By End-Use Sector:

• Metal fabrication
• Chemical
• Healthcare & medical
• Oil & gas
• Others (food & beverage, automotive, and electronics)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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