Global Filter Regulator Market
Global Filter Regulator Market Size And Forecast
According to Verified Market Research, the global filter regulator market was valued at USD 6.64 Billion in 2018 and is projected to reach USD 9.65 Billion by 2026, growing at a CAGR of 4.89% from 2019 to 2026.
Global Filter Regulators Market Overview
Downtime in the industrial plant is very expensive; most of the time it is the outcome of the contaminated & very poorly maintained compressed air systems. Filter regulators are also used to address the Oil and Gas industry’s specific need for the robust performance and also at the same time minimizing the energy cost and the downtime. Therefore, the growing demand for global oil & gas industry is expected to drive the market for filter regulators.
Global Filter Regulators Market: Segmentation
The Global Filter Regulators market is segmented on the basis of type, application, and geography. On the basis of end-use industry, the market is bifurcated into Oil & Gas, Chemical, Process and Industrial, Water & Wastewater and Others.
The major players in the market are Parker Hannifin, SMC, Emerson Electric, IMI and Samson and others.
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