According to latest research estimates, Gas Holders market is projected to experience incremental growth in the coming decade. Gas Holders Market is projected to rise with the growth rate of 4.4% during period of 2023 to 2033. Demand for Gas Holders will witness continued traction in emerging markets for the assessment period.
Augmentation of natural gas production and storage facilities is key factor behind the market growth. Raw material pricing i.e. Steel and Polymers will have a determining effect in product fabrication and end user sales quotes.
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What is Driving Demand for Gas Holders?
Gas holders is a pivotal component for the storage and transportation of the natural gas based in production and storage facilities. As per global Energy Council & Production Data Statistics, the production rate of natural gas in the globe has been increasing at a steady rate with annual average rate of 4% recorded in the historical 5 years, where in few regional hubs a robust increase upto 10% percent has been witnessed.
With demand from onshore and offshore storage facilities a durable storage system is required to store & transport the gas, which has been instrumental in the market growth.
Demand from industrial gas manufacturing units, cryogenics and air separation plants is also expected to escalate the installation rate of gas holders in proportion to new facility expansion and investment rates in the respective end use verticals.
Provision of standard storage capacities as well as customized configurations are being provided by the manufacturers. It is very essential that storage system should be hard enough to resist every kind of leakage & therefore efforts are being made by manufacturers by trying various kin of materials in manufacturing of gas holders to get the desired results.
Regional Market Outlook
North America is expected to hold a considerable market share over the forecast period With U.S. already leading the global natural gas production index in the globe and Canada emerging as the next growth market, the region is expected to sustain its dominance for the gas holder’s sales share in the globe.
Also, with several initiatives taken by the governments and agencies of several countries for building natural gas production plants which enhances the demand growth for the market in the region.
East Asia and Pacific is expected to have robust growing market due to development of power generation sector in various countries such as China, Australia. The growth is expected primarily due to the combination of multiple factors including rising production of natural gas, power generation capacity expansions, petrochemicals and industrial gases market growth.
Who are the Key Manufacturers and Suppliers of Gas Holders?
Some of the leading manufacturers and suppliers of Gas Holders are
- Zekelman Industries
- Boselan Tanks Co., Ltd (BSL)
- ReVivo Gas
- s.r.o.
- Ovivo USA LLC
- Wiefferink B.V.
- Geomembrane Technologies
- an Evoqua brand
- WesTech Engineering, LLC
- Eco-Tech, Inc. among others.
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Key Segments
By Product Type:
- Water Sealed
- Rigid Waterless
By Material Used:
- Metal
- Plastic(PVC, PE)
- other
By Capacity:
- Below 100 KL
- 100 -250 KL
- 250 -500 KL
- 500 -750 KL
- 750-1,000 KL
- Above 1,000 KL
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