The global gas connectors and gas hoses market is expected to be valued at USD 13.5 billion in 2023. With the growing demand from the healthcare industry, the demand for gas connectors and gas hoses is projected to grow at a CAGR of 10.0% between 2023 and 2033, totaling around USD 35.2 billion by 2033.
| Data Points | Key Statistics |
|---|---|
| Gas Connectors and Gas Hoses Market Value 2023 | USD 13.5 Billion |
| Gas Connectors and Gas Hoses Market Projected Value (2033) | USD 35.2 Billion |
| Gas Connectors and Gas Hoses Market CAGR (2023 to 2033) | 10.0% |
According to the analysis of Future Market Insights, the construction industry has experienced significant growth in recent years, which has led to an increased demand for gas connectors and gas hoses.
These components are essential for the installation of gas pipelines, heating systems, and other gas-powered equipment that are commonly used in residential, commercial, and industrial buildings.
Gas Connectors are flexible tubes that are used to connect gas appliances to the gas supply line. They are typically made of stainless steel, brass, or other corrosion-resistant materials that can withstand high pressure and temperature fluctuations. Gas connectors are designed to be easy to install and can be quickly disconnected for maintenance or repair purposes.
Moreover, gas hoses, on the other hand, are also used to connect gas appliances to the gas supply line, but they are more flexible than gas connectors. They are made of rubber or other durable materials that can withstand exposure to heat and chemicals.
Gas Hoses are typically used in situations where gas connectors are not practical, such as in areas where space is limited or where there is a need for more flexibility.
The construction industry requires gas connectors and gas hoses for a variety of applications, including the installation of gas-powered heating systems, water heaters, stoves, ovens, and other appliances.
Gas Connectors and Gas Hoses are also used in the construction of gas pipelines, which are essential for the transportation of natural gas from the source to the end-user.
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The global demand for gas connectors and gas hoses is projected to increase at a CAGR of 6.4% during the forecast period between 2018 and 2022, reaching a total of USD 35.2 billion in 2033.
According to Future Market Insights, a market research and competitive intelligence provider, the Gas Connectors and Gas Hoses market was valued at USD 12.3 billion in 2022.
Technological advancements in gas connectors and gas hoses, such as the development of new materials and designs, is a major factor driving the market prospects in the forthcoming years.
These advancements have been driven by the need for safer, more reliable, and more efficient gas supply systems, as well as by increasing regulatory requirements and environmental concerns.
One of the recent trends in the development of gas connectors and gas hoses is the use of advanced materials, such as composite materials and advanced polymers. These materials offer improved strength, durability, and resistance to corrosion, and can withstand extreme temperatures and pressures.
For instance, some gas connectors and gas hoses are now made with braided stainless steel or PTFE (polytetrafluoroethylene), which provide superior durability and flexibility.
Another trend is the development of new designs that improve performance and safety. For instance, some gas connectors and gas hoses now incorporate safety features such as automatic shut-off valves that can prevent gas leaks in case of damage to the connector or hose. Other designs include high-visibility coatings or markings to improve safety and ease of maintenance.
Furthermore, advancements in manufacturing technologies have also led to improvements in the quality and consistency of Gas Connectors and Gas Hoses. For instance, automated inspection systems can now detect defects or imperfections in gas connectors and gas hoses that were previously difficult to detect, ensuring that only high-quality products are delivered to the market.
Besides, there is an increasing focus on sustainability and environmental impact in the development of gas connectors and gas hoses. Manufacturers are exploring ways to reduce the environmental impact of production processes and improve the energy efficiency of gas connectors and gas hoses.
Increasing Demand for Natural Gas as a Cleaner to Fuel the Market Growth
Natural gas is a clean-burning fuel that produces lower levels of greenhouse gas emissions than coal or oil. When burned, natural gas produces primarily carbon dioxide and water vapor, with smaller amounts of other pollutants such as nitrogen oxides and sulfur dioxide.
This makes natural gas an attractive fuel source for businesses and individuals looking to reduce their carbon footprint and improve air quality.
In addition to its environmental benefits, natural gas is also a highly efficient fuel source. It can be used for a variety of applications, including space and water heating, cooking, and industrial processes, with minimal energy loss.
Natural gas is also often used to generate electricity in natural gas-fired power plants, which are highly efficient and have lower emissions than coal-fired power plants.
The increasing demand for natural gas in residential, commercial, and industrial applications has also been driven by its availability and affordability.
With the development of new technologies, such as hydraulic fracturing, natural gas reserves have become more accessible and abundant. This has led to a decrease in natural gas prices, making it an attractive fuel source for a wide range of applications.
Furthermore, natural gas is a reliable fuel source with a stable supply chain, making it an attractive option for businesses and individuals looking for a consistent and secure source of energy. This reliability has been particularly important during times of energy crisis, such as extreme weather events or geopolitical conflicts.
Increasing Popularity of Outdoor Living Spaces to Accelerate the Market Growth
Outdoor living spaces and outdoor kitchens have become increasingly popular in recent years as people look to extend their living spaces beyond the confines of their homes.
These outdoor spaces often feature gas-powered appliances such as grills, fire pits, and patio heaters, which require Gas Connectors and Gas Hoses to transport natural gas or propane from the fuel source to the appliance.
Gas-powered grills, in particular, have become a staple of outdoor cooking and dining. They offer several advantages over traditional charcoal grills, including faster heating times, greater temperature control, and easier cleanup. Gas-powered grills also produce fewer emissions and are considered a more environmentally friendly option compared to charcoal grills.
Additionally, fire pits and patio heaters have also become popular additions to outdoor living spaces, allowing people to enjoy their outdoor spaces even on chilly nights.
Gas-powered fire pits and patio heaters are safer and easier to use than traditional wood-burning options, as they do not produce sparks, smoke, or ash. They also offer greater temperature control and can be turned on and off with the flick of a switch.
As the demand for outdoor living spaces and outdoor kitchens continues to grow, so too will the need for gas connectors and gas hoses to transport and distribute natural gas or propane to these appliances.
The Gas Connectors and Gas Hoses used in outdoor settings must be designed to withstand exposure to the elements, such as UV rays, rain, and extreme temperatures, while also ensuring safety and reliability.
As a result, manufacturers have developed specialized gas connectors and gas hoses for outdoor use, including high-pressure hoses and corrosion-resistant connectors, that are designed to meet the unique needs of these applications.
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Growing Preference for Electric Appliances to Restrain the Market
There has been a growing trend towards electric appliances in recent years, especially in regions where electricity is abundant, affordable, and reliable. This trend is driven by a variety of factors, including concerns about climate change, advances in electric appliance technology, and the availability of renewable energy sources.
One of the main reasons for this market hindrance is that electric appliances do not require gas connections. Instead, they are powered by electricity, which is delivered to homes and businesses through electrical wiring and outlets. This means that there is no need for gas connectors and gas hoses to connect gas-powered appliances to gas lines.
Another restraining factor is that many consumers perceive electric appliances to be more environmentally friendly than gas-powered appliances.
While gas-powered appliances are generally more energy-efficient than electric appliances, they still produce emissions that contribute to air pollution and climate change. This has led some consumers to switch to electric appliances as a way of reducing their carbon footprint.
In addition, growing popularity of renewable energy sources such as solar and wind power could also hamper the market growth. As more consumers and businesses adopt renewable energy sources, there may be less demand for gas-powered appliances, which could reduce the need for gas connectors and gas hoses.
Increasing Demand for Natural Gas in North America to Fuel the Market Growth
The gas connectors and gas hoses market in North America is expected to accumulate the highest market share of 34.2% in 2023. The regional market growth is attributed to the increasing demand for natural gas in the region.
North America has abundant reserves of natural gas, which has led to a significant increase in the use of gas-powered appliances and equipment in residential, commercial, and industrial applications. This has created a growing demand for gas connectors and gas hoses in the region, to connect these appliances to gas lines.
Moreover, the North American market has some of the most stringent safety regulations in the world when it comes to gas equipment. This has created a favorable environment for gas connectors and gas hoses that meet these requirements, as consumers and businesses are willing to pay a premium for products that are safe and reliable.
Additionally, the regional market has seen a significant increase in the popularity of outdoor living spaces, which are often equipped with gas-powered grills, fire pits, and patio heaters that require gas connectors and gas hoses. This has created a new market for gas connectors and gas hoses manufacturers to tap into.
Increasing Government Initiatives in the Region to Fuel the Market Growth
The gas connectors and gas hoses market in East Asia is expected to accumulate the highest market share of 30.0% in 2023. The growth of the regional market is attributed to the factors such as increasing urbanization.
Asia is experiencing rapid urbanization, which has led to an increase in the construction of new residential and commercial buildings. This has created a growing demand for gas-powered appliances and equipment, which in turn has boosted demand for gas connectors and gas hoses in the region.
Furthermore, there have been significant advancements in gas connectors and gas hoses technology in recent years, with manufacturers developing new materials and designs that improve performance, durability, and safety. This has helped to increase the popularity of gas-powered appliances and equipment in the region, which in turn has escalated the regional market growth.
Additionally, many governments in the region are promoting the use of natural gas as a cleaner and more efficient fuel source. This has led to the implementation of favorable policies and incentives for companies involved in the gas connectors and gas hoses market, which has helped to accelerate the market growth in the region.
For instance, within the "Natural Gas Infrastructure Development" plan in China, the government has set a target of increasing the proportion of natural gas in the country's energy mix to 15% by 2030, up from 7.2% in 2019. To achieve this target, the government has launched a plan to expand the country's natural gas infrastructure, including pipelines and storage facilities.
As part of this plan, the Chinese government has introduced several policies and incentives to encourage companies to invest in the Gas Connectors and Gas Hoses market. For instance, the government has offered tax incentives and subsidies to companies that produce gas connectors and gas hoses that meet certain safety and quality standards.
Moreover, the government has streamlined the regulatory process for obtaining approvals and licenses for gas-related projects, which has made it easier for companies to enter the market.
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Natural Gas Segment to beat Competition in Untiring Market
On the basis of type of gas, the market is dominated by natural gas, which is expected to hold a CAGR of 9.4% over the analysis period. One of the major factors driving the segmental growth is the increasing demand for natural gas as a cleaner and more efficient fuel source in residential areas.
With the increasing demand for natural gas in residential applications, such as heating and cooking, there is a growing need for gas connectors and gas hoses that are designed for use with natural gas-powered appliances.
In addition, the trend towards outdoor living spaces and outdoor kitchens, which are often equipped with gas-powered appliances, is also expected to contribute to the growth of the natural gas segment. Moreover, government initiatives aimed at promoting the use of natural gas as a cleaner and more efficient fuel source are also expected to drive the growth of the natural gas segment.
For instance, in North America, initiatives such as the development of natural gas pipelines and the promotion of natural gas-powered vehicles are expected to increase the demand for gas connectors and gas hoses that are designed for use with natural gas.
Commercial Segment to Drive the Gas Connectors and Gas Hoses Market
Based on the end-user, the commercial segment is expected to expand at rapid rate of 9.2% CAGR over the analysis period. One of the major driving factors for the segmental growth is the growing demand for gas-powered equipment in various commercial applications such as restaurants, hotels, and cafes.
With the increasing demand for gas-powered cooking equipment in restaurants, there is a growing need for gas connectors and gas hoses that are designed for use with such equipment. Also, the trend towards outdoor dining and the use of gas-powered heating equipment in outdoor spaces is also expected to contribute to the growth of the commercial end-user segment.
Moreover, the increasing adoption of natural gas as a cleaner and more efficient fuel source in commercial applications is also anticipated to propel the segmental growth over the analysis period.
Many businesses are opting to use gas-powered equipment in order to reduce their carbon footprint and meet sustainability goals. This trend is particularly prevalent in the hospitality industry, where hotels and cafes are increasingly adopting gas-powered equipment to reduce their energy consumption and costs.
Gas connectors and gas hoses market startup players are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to identify the interest of potential patients and create a larger customer base. For instance
Prominent players in the gas connectors and gas hoses market are Regency Gas Hoses, Dormont, Parker Hannifin Corporation, T&S Brass and Bronze Works, Parker Hannifin Corporation, Tubes International, Grainger, Companion Outdoor, Trelleborg Sealing Solutions, Continental AG, Swagelok Company, Bromic Plumbing and Gas, Emerson Electric Co., Eaton Corporation plc., Prestige, rrmcia, IBEDA, and Bay Corporation, among others.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10.0% from 2023 to 2033 |
| Market Value in 2023 | USD 13.5 billion |
| Market Value in 2033 | USD 35.2 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Type of Gas, Material, End-Use |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa |
| Key Countries Profiled | Germany, United kingdom, France, Spain, Italy, Rest of Europe, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, Rest of Asia Pacific |
| Key Companies Profiled | Regency Gas Hoses; Dormont; T&S Brass and Bronze Works; Parker Hannifin Corporation; Tubes International; Grainger; Companion Outdoor; Bromic Plumbing and Gas; Prestige; rrmcia; IBEDA; Bay Corporation |
The gas connectors and gas hoses market are valued at USD 13.5 billion in 2023.
East Asia is anticipated to hold a notable market share of 30.0% for gas connectors and gas hoses in 2023.
The gas connectors and gas hoses market is forecast to register a CAGR of 10% through 2033.
Natural gas dominates the market and is anticipated to maintain a CAGR of 9.4% during the study period.
The gas connectors and gas hoses market is estimated to reach USD 35.2 billion by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type of Gas 5.1. Natural Gas 5.2. Propane 5.3. Butane 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 6.1. Stainless Steel 6.2. Rubber 6.3. Thermoplastic 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Household 7.2. Commercial 7.2.1. Restaurants 7.2.2. Hotels 7.2.3. Cafes 7.3. Industrial 7.4. Medical 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. South Asia 8.5. East Asia 8.6. Oceania 8.7. Middle East & Africa (MEA) 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Regency Gas Hoses 18.2. Dormont 18.3. T&S Brass and Bronze Works 18.4. Parker Hannifin Corporation 18.5. Tubes International 18.6. Grainger 18.7. Companion Outdoor 18.8. Bromic Plumbing and Gas 18.9. Prestige 18.10. rrmcia 18.11. IBEDA 18.12. Bay Corporation 19. Assumptions & Acronyms Used 20. Research Methodology
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Gas Connectors and Gas Hoses Market
