Industrial Gas Handling Equipment Market size was valued at USD 5.4 Billion in 2024 and is forecasted to grow at a CAGR of 5.1% from 2026 to 2033, reaching USD 8.2 Billion by 2033.
The global Industrial Gas Handling Equipment Market was valued at approximately USD 10.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. The demand for industrial gas handling equipment is driven by increasing automation in various sectors, advancements in gas technologies, and rising industrial activities globally. North America held the largest share of the market in 2022, with a valuation of USD 4.2 billion, primarily due to the significant presence of industries like chemical manufacturing, healthcare, and energy. Europe followed closely, contributing approximately USD 3.1 billion in 2022, with a strong demand for advanced technologies in the automotive and chemical sectors. Asia Pacific, led by China and India, is expected to witness the highest growth rate, with a projected CAGR of 7.2% during the forecast period, driven by rapid industrialization and infrastructure development. The Middle East & Africa and Latin America are also emerging regions for industrial gas handling equipment, supported by growing industrial infrastructure and energy projects.
Regionally, North America accounted for a substantial share of around 41.2% in 2022, benefiting from its advanced manufacturing and chemical processing industries. Europe followed with a market share of 30.4%, driven by demand from the automotive and petrochemical industries. The Asia Pacific region is anticipated to exhibit the highest growth rate, with a forecasted CAGR of 7.2% from 2023 to 2030, owing to rapid industrial expansion, energy demand, and growing chemical processing industries in countries like China and India. Latin America and the Middle East & Africa also present substantial opportunities for growth, supported by increasing industrialization, energy demand, and investments in infrastructure. The overall market is poised for steady growth across all regions, with key opportunities arising from the need for high efficiency equipment to cater to evolving industrial processes and regulatory standards.
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Praxair
Taiyo Nippon Sanso
Air Products and Chemicals
Justrite MFG
Applied Energy Systems
Messer Group GmbH
Colfax Corporation
Air Liquide
Matheson
Globe Gas Equipments Industry Pvt Ltd
Lind AG
Iwatani Corporation
GCE Group
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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 Industrial Gas Handling Equipment Market
Compressors
Storage Tanks
Piping Systems
Valves
Regulators
Dispensing Equipment
Safety Equipment
Compressed Air
Nitrogen
Oxygen
Carbon Dioxide
Hydrogen
Argon
Acetylene
Manufacturing
Healthcare
Food and Beverage
Chemical Processing
Metallurgy
Pharmaceuticals
Cutting and Welding
Gas Shielding
Leak Testing
Heat Treatment
Inerting and Blanketing
Cooling Applications
Traditional Equipment
Advanced Gas Handling Technologies
Automated Systems
Integrated Solutions
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 Industrial 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 Industrial Gas Handling Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Gas Handling Equipment Market, By Type
6. Global Industrial Gas Handling Equipment Market, By Application
7. Global Industrial Gas Handling Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Industrial Gas Handling Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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