The global gas delivery systems market is on a robust growth trajectory, with an estimated value of USD 19.3 billion in 2023. According to a new report by Future Market Insights (FMI), the market is expected to rise at a compound annual growth rate (CAGR) of 8.6% from 2023 to 2033, reaching an estimated market size of USD 44.2 billion by the end of the forecast period.
A Positive Growth Outlook
The global gas delivery systems market has demonstrated a positive growth outlook since 2021, when the market was valued at US$ 17.7 billion. FMI’s analysis indicates that increasing demand for natural gas in various sectors, including industrial, residential, and commercial, coupled with the expanding gas pipeline infrastructure, is driving the market forward. Additionally, the growing need for safe, efficient, and reliable gas delivery systems in sectors such as power generation, pharmaceuticals, and manufacturing is expected to sustain growth.
Key Market Drivers and Trends
Several key factors are shaping the market:
- Rising Demand for Natural Gas: The escalating consumption of natural gas across industrial, commercial, and residential sectors is a significant catalyst for market expansion. Natural gas’s eco-friendly nature and its increasing use in electric power generation and industrial processes further support market demand.
- Expansion of Gas Delivery Infrastructure: The rapid development of gas pipeline networks worldwide is facilitating market growth by enhancing the distribution capabilities for natural and industrial gases.
- Technological Advancements: Innovations in gas delivery systems, such as the introduction of fully automatic programmable switchover systems, are providing more reliable and efficient solutions, especially in critical applications like manufacturing and laboratory processes.
Key Market Segments
- Signal Station Systems: The demand for signal station systems is expected to remain high, as they play a crucial role in ensuring safe and reliable gas delivery. This segment is forecast to grow at a CAGR of 8.4% from 2023 to 2033.
- Industrial Applications: The industrial segment is projected to dominate the market, driven by the increasing use of gas delivery systems in industries such as chemicals, pharmaceuticals, and power generation. The industrial segment is expected to grow at a CAGR of 8.2% during the forecast period.
Regional Insights
- United States: Rising natural gas consumption in the industrial and electric power sectors is driving steady market growth, with a projected value of USD 7.7 billion by 2033.
- China: Expansion in key sectors like chemicals and manufacturing positions China as a leading market, with a projected value of USD 11 billion by 2033.
- United Kingdom: The UK is expected to experience consistent growth, reaching a market value of USD 1.6 billion by 2033.
- Japan: Japan’s market is anticipated to grow steadily, driven by industrial demand, with a projected value of USD 8.4 billion by 2033.
- South Korea: South Korea’s gas delivery system market is set for growth, reaching US$ 2.3 billion by 2033, fueled by industrial sector expansion.
Key Companies Profiled
- Ichor Systems
- HARRIS
- Praxair (Linde)
- Matheson (Taiyo Nippon Sanso)
- Air Liquide
- The Fuel Cell Store
- Environics
- CVD Equipment
- Watlow
- Air Products and Chemicals, Inc.
Recent developments
- In January 2021, DataSMART was introduced by Harris Products Group. It is a new automatic switchover manifold system with enhanced capabilities. End users, particularly laboratories can use this system to manage, control, and analyze gas usage.
- In December 2022, a long-term contract was signed by Air Liquide for supplying Kumho Mitsui Chemical with additional carbon monoxide and hydrogen in South Korea’s Yeosu National Industrial Complex.
- In November 2021, STREAMLINE, a new gas delivery thermal system featuring ATS (Adaptive Thermal systems) technologies, was launched by Watlow.
- In June 2022, to facilitate the development of hydrogen infrastructure at airports, Air Liquide and Groupe ADP announced their intention to create the first joint venture.
- In April 2023, enhancement for new and existing S6103/S6100 systems was announced by Environics. The new improvements are designed to help end users protect their units, reduce wait time, and provide additional gas savings.
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Global Gas Delivery Systems Market Segmentation
By Type:
- Signal Station Systems
- Semi-automatic Switchover Systems
- Fully Automatic Programmable Switchover Systems
By Application:
- Industrial
- Chemical
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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