The Global Industrial Gas Regulator Market stood at US$ 14.5 billion in 2019 and is expected to grow at 4.1% CAGR through 2030. Rising demand for natural gas fueled power generation, incorporation of advanced technologies in industrial gas regulators, and stringent regulations governing occupational health & safety are the factors shaping the growth of the global industrial gas regulator market. An industrial gas regulator is a device used to monitor and control the pressure of the gases used in industrial processes to ensure optimal process throughput and enhance safety of the process loop. Advancement in technology has led to the adoption of sophisticated control and monitoring devices. Industrial gas regulators are witnessing increased demand owing to the expansion of applications utilizing natural gas fueled by green energy initiatives across major countries. The demand for industrial gas regulators from oil & gas industry to monitor and regulate the flow of gases in downstream applications has contributed a major share in the past decade. Enacting and implementation of strict safety regulations is another factor fueling the demand for industrial gas regulators.
Read More@https://www.insightslice.com/industrial-gas-regulators-market
