Industrial Bulk Gas Market was valued at USD 87.45 Billion in 2022 and is projected to reach USD 120.36 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030.
The global industrial bulk gas market has seen steady growth, driven by the increasing demand for gases like oxygen, nitrogen, and hydrogen in various industries, including healthcare, manufacturing, and energy. Bulk gases are essential for numerous applications such as metal cutting, welding, and chemical production. The market is expanding as more industries adopt advanced technologies that require high-quality and large-volume gases. In regions like North America and Europe, industrial gas consumption has risen due to the increased need for industrial automation, the adoption of environmentally friendly technologies, and the growth of the healthcare sector. The market size is anticipated to grow significantly due to industrial innovations, government investments, and a shift toward renewable energy sources that demand hydrogen and other industrial gases for clean energy applications.
In addition to established sectors, new opportunities are emerging in the industrial bulk gas market. The rise of the electric vehicle (EV) sector and its reliance on hydrogen as an alternative fuel is a key growth driver. Companies are focusing on improving infrastructure for the storage and transportation of bulk gases to meet the needs of industries such as semiconductor manufacturing, aerospace, and food and beverage production. Advances in gas liquefaction and cryogenic technologies are expected to lower costs, making bulk gases more accessible to emerging markets. Furthermore, the expansion of manufacturing capabilities in developing countries is contributing to the increasing market size. Strategic partnerships, mergers, and acquisitions between industrial gas providers are expected to enhance market competitiveness and expand service offerings globally, creating new avenues for future growth.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Gloabl Industrial Bulk Gas Market
Industrial Gases
Specialty Gases
Bulk Gases
Medical Gases
Consumer Gases
Manufacturing
Healthcare
Chemical Processing
Electronics
Energy and Power
Food and Beverage
Pipeline Supply
Cylinder Delivery
Laboratory and On-Site Delivery
Tank Delivery
Welding and Cutting
Cooling and Refrigeration
Heat Treatment
Flame Treatment
Inerting and Blanketing
Pressurized Cylinders
Bulk Storage Tanks
Intermediate Bulk Containers (IBCs)
Liquefied Gas Storage
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Gloabl Industrial Bulk Gas Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Gloabl Industrial Bulk Gas Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Industrial Bulk Gas Market, By Type
6. Gloabl Industrial Bulk Gas Market, By Application
7. Gloabl Industrial Bulk Gas Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Gloabl Industrial Bulk Gas Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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