Gas Handling Equipment Market size was valued at USD 4.8 Billion in 2024 and is forecasted to grow at a CAGR of 5.1% from 2026 to 2033, reaching USD 7.2 Billion by 2033.
The global gas handling equipment market was valued at approximately USD 7.3 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. North America held the largest market share in 2022, accounting for over 35% of the global revenue. The region’s growth is attributed to the rising demand for advanced gas processing and safety equipment in the oil & gas sector. Europe followed North America with a significant share, driven by stringent environmental regulations and an increasing focus on sustainable energy solutions. Asia Pacific is expected to witness the fastest growth rate during the forecast period, with a CAGR of 7.2%, owing to the growing industrialization and expanding energy infrastructure in countries like China and India. The Middle East and Africa also represent a substantial market due to high investments in gas exploration and production activities in oil rich nations. Latin America’s market share remains moderate, primarily influenced by the increasing demand for natural gas as a cleaner alternative to coal and oil.
Regional growth opportunities in the gas handling equipment market are highly dependent on infrastructure development, technological advancements, and regulatory policies. The Asia Pacific region stands out with emerging economies investing in energy and industrial sectors, offering substantial growth opportunities for manufacturers and suppliers of gas handling equipment. The expansion of shale gas production in North America also provides a strong growth impetus for the market. Furthermore, increasing demand for environmentally friendly equipment solutions and the growing adoption of liquefied natural gas (LNG) are anticipated to drive growth in Europe. Opportunities in the Middle East are primarily related to the rising demand for equipment used in gas processing and transport. As countries across various regions push towards energy diversification, opportunities for innovation and market penetration will continue to evolve in the coming years.
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Linde
Air Liquide
Praxair
Air Products and Chemicals
Iwatani
Colfax
Itron
Matheson Tri-Gas
Messer Group
GCE Holding
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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. 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 Gas Handling Equipment Market
Compressors
Pumps
Gas Detecting Equipment
Flow Meters
Valves and Regulators
Filter and Purification Systems
Distribution Equipment
Oil and Gas
Chemicals and Petrochemicals
Power Generation
Healthcare
Food and Beverage
Manufacturing
Waste Management
Natural Gas
Acetylene
Hydrogen
Carbon Dioxide
Propane
Ammonia
Other Industrial Gases
Conventional Technology
Advanced and Smart Technology
Digital Monitoring Systems
Automation Systems
Cloud-based Solutions
Integrated Gas Management Systems
Gas Supply and Distribution
Gas Storage
Gas Detection and Monitoring
Gas Production
Gas Processing
End-use Applications in Heating and Cooling
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 Global Gas Handling Equipment 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 Gas Handling Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Gas Handling Equipment Market, By Type
6. Global Gas Handling Equipment Market, By Application
7. Global Gas Handling Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Gas Handling Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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