Technavio, a tech-focused market research firm, has published a new report on the global pressure regulator market for upstream applications, which is expected to grow at a CAGR of around 1% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global pressure regulator market for upstream applications into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global pressure regulator market for upstream applications are elaborated below:
Pressure regulator market for upstream applications in the Americas: The high growth of the market in the Americas is attributable to the thriving oil and gas sector in the region. The projected growth of the crude oil pipeline market in the region is anticipated to reflect positively on demand for pressure regulators for upstream applications during the forecast period.
According to Anju Ajaykumar, a lead analyst at Technavio, specializing in research on tools and components, “The Americas is the world’s second-largest consumer of crude oil, owing to the constant demand from the US, Canada, and Mexico. The US has been at the forefront of oil and gas exploits since the beginning of the industry.”
Pressure regulator market for upstream applications in EMEA: Countries such as Saudi Arabia, Iran, the UAE, and Kuwait lead the demand for pressure regulators for upstream applications in EMEA. The monetization of the abundant reserves available in the Middle East and their transportation within EMEA, or outside and the subsequent expansion of crude oil pipelines in the region is expected to propel the growth of the market in EMEA over the next four years.
Pressure regulator market for upstream applications in APAC: APAC is expected to be the fastest-growing regional market during the forecast period. The market’s growth in the region will be fueled by growing natural gas infrastructure in China, the key revenue generating country in the pressure regulator market for upstream applications in APAC.
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The top vendors operating in the global pressure regulator market for upstream applications are:
- Emerson
- Fairchild Industrial Products
- Swagelok
Other prominent vendors in the market include Pietro Fiorentini, Honeywell, Spirax Sarco, Marsh Bellofram, SAMSON Controls, CIRCOR Energy, GE Oil & Gas, and A.u.K. Müller. Equilibar, RICHARDS Industries, Beswick Engineering, Watts, Cashco, Cla-Val, Neon Controls, Plast-O-Matic, and Colton Industries.
A more detailed analysis is available in the Technavio report titled, ‘Global Pressure Regulator Market for Upstream Applications 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global High-integrity Pressure Protection System Market 2016-2020
- Global Industrial Emergency Shutdown Systems Market 2016-2020
- Global Fire Protection Systems Market in the Oil and Gas Industry 2016-2020
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