In a dynamic global industrial gas regulator market, mergers and acquisitions are a key trend prevalent among key players in the larger oil and gas sector to expand their operations and to garner greater share in the overall market. Consequently, this is making the industry more consolidated and aiding market participants to gain a strong foothold. A case in point is Praxiar Inc. – a leading industrial gas supplier in North and South America. The company merged with the Linde Group together that form a global leader in the industrial gases market.

Further, key players in the oil and gas sector are pouring money into innovation and product development that will help them gain a competitive advantage in the industrial gas regulator market.

Growing demand for industrial gases from various industries for power generation and for operations of industrial units is primarily driving the industrial gas regulator market. Several governments across the world are championing the use of natural gas in place of fossil fuels for power generation in order to curb CO2 emissions. This is greatly influencing the industrial gas regulator market.

Apart from this, advancement in automobile technology leading to the development of automobiles that run on liquefied natural gas is also stoking growth of industrial gas regulator market.

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Further, economic development in countries such as India is witnessing a heightened demand for plastic and polymers. This has led to an exponential growth of the chemical sector that discharges plastic and polymers as byproducts. Consequently, this has led to an upped demand for industrial gas regulators to be used in chemical industries.