Welded Steel Gas Cylinder Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 6.2 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The global welded steel gas cylinder market was valued at approximately USD 10.2 billion in 2022. This market is projected to experience a compound annual growth rate (CAGR) of 4.8% from 2022 to 2027. The growth can be attributed to the increasing demand for industrial gases in various sectors, including manufacturing, healthcare, and energy. Key factors driving the market include the rising adoption of welded steel cylinders for their durability and safety features, coupled with growing infrastructure and construction activities worldwide. Emerging markets, particularly in Asia-Pacific and Latin America, present substantial opportunities for expansion due to rapid industrialization and infrastructural developments. Additionally, advancements in welding technology and increased focus on improving cylinder safety standards are expected to create new growth avenues. Companies are also exploring innovative designs and materials to enhance cylinder performance and meet evolving regulatory requirements. As these markets continue to develop, they are likely to contribute significantly to the overall growth of the welded steel gas cylinder sector.
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Metal Mate
Danfoss
Gasflaschenwerk Grünhain
Jai Maruti Gas Cylinders Ltd.
Norris Cylinder
FIRE & SECURITY TECHNIQUES
Purity Cylinder Gases
Mauria Udyog Ltd.
Zhuolu High Pressure Vessel Co.
Ltd
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 Global Welded Steel Gas Cylinder Market
Chemical Industry
Automotive
Aviation
Oil and Gas
Medical
Other
Based on Types the Market is categorized into Below types that held the largest Welded Steel Gas Cylinder market share In 2023.
Hot RolledWelded Steel Gas Cylinder
Cold Rolled Welded Steel Gas Cylinder
Global (United States, Global 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 Global Welded Steel Gas Cylinder 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. Global Welded Steel Gas Cylinder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Welded Steel Gas Cylinder Market, By Type
6. Global Welded Steel Gas Cylinder Market, By Application
7. Global Welded Steel Gas Cylinder Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Welded Steel Gas Cylinder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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