Gas Outlets Market Size, Share, Growth, and Industry Analysis, By Type (Wall Outlets, Console Outlets, and Celling Outlets), By Application (Hospitals, Clinics And Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Gas Outlets Market REPORT OVERVIEW

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The global gas outlets market size was USD 588.3 million in 2022 and market is projected to touch USD 1045.8 million by 2031, exhibiting a compound annual growth rate (CAGR) of 6.6% during the forecast period.

The most common type of gas outlet is a plug-in self-sealing joint. It comprises of a medical gas probe and a self-sealing gas socket. In order for the gas in the pipe to pass through the interior chamber of the socket and the probe when in use, put the hollow gas probe into the gas socket and open the valve within. As soon as the gas probe is removed, the flexible element in the seat closes the valve, blocking the flow of gas. The hospital should have a standard for all hospital medical gas devices, which will help with repairs and cut down on ongoing maintenance expenditures.

COVID-19 Impact: Shut Down of Hospitals During Pandemic to Hamper Market Growth

The gas outlets market has suffered because of the coronavirus COVID-19. This is so because gas is primarily consumed by hospitals. As a result, gas prices have increased, placing pressure on the small and medium-sized businesses (SMEs) in charge of supplying these outlets to face the brunt of the impact. Because of misinformation campaigns regarding this virus, people have developed a fear psychosis that has decreased foot traffic at petrol stations, which costs these businesses money. One method to lessen this effect would be to invest money in infrastructure development, such as adding more petrol stations. To make sure that these SMEs have access to information on COVID-19 and how it will impact their enterprises, strong communication and engagement with them are required.

LATEST TRENDS

"Usage of Natural Gas to Promote Market Growth"

Despite the fact that burning natural gas produces greenhouse gases, it emits the least carbon of all the fossil fuels, meaning that natural gas causes less pollution. This makes it a natural bridging fuel, along with its high energy output. This makes it the natural replacement for coal and petroleum. It is a desirable power source for both established and developing economies due to its minimal carbon emissions. This contributes to the growth of gas outlets.

Gas Outlets Market SEGMENTATION

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• By Type

Based on type; the market is divided into wall outlets, console outlets, and celling outlets.

In terms of product, wall outlets is the largest segment.

• By Application

Based on application; the market is divided into hospitals, clinics and others.

In terms of application, hospitals is the largest segment.

DRIVING FACTORS

"Increased use of Equipment in Hospitals to Propel Market Growth"

Hospitals, clinics, and other locations with significant gatherings of people are increasingly using gas outlets. In other commercial settings with large crowds of people present, they are also used. Hospitals benefit greatly from the usage of these outlets since they minimise the need to move about with heavy fuel supplies. Additionally, it eliminates the need to look for a gas station that is open. It can also be used to power appliances like air conditioners and generator. This is anticipated to boost gas outlets market growth.

"Awareness About Clean Energy to Enhance Market Sales"

The number of petrol stations has significantly increased. This is probably a result of growing recognition of the value of adopting clean energy sources and the desire to lessen pollution. As consumers look for innovative ways to reduce their car expenses, the number of petrol stations keeps expanding. As customers search for less expensive alternatives to conventional gasoline, the industry is also witnessing an increase in the number of gas stations. Similar trends are being observed in the market, where more consumers are switching from gasoline to natural gas. The expansion of gas stations across the globe indicates a rising desire for cleaner fuels.

RESTRAINING FACTORS

"Increasing Price of Petrol to Impede Market Expansion"

The gas outlets market has a number of difficulties. The biggest problem is the increase in petrol prices. The number of persons using gas outlets has decreased as a result of this. The growing acceptance of electric vehicles presents another difficulty. The number of persons using gas outlets has decreased as a result of this. In addition, a lot of people now choose to store their food in their garages rather than at gas stations. The number of petrol stations nationwide has decreased as a result of this. This is anticipated to hinder market growth.

Gas Outlets Market REGIONAL INSIGHTS

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"North America to Dominate the Market due to Advanced Technology"

Due to its high rate of adoption of cutting-edge technology and the number of healthcare facilities that utilise these items extensively, North America held the highest gas outlets market share of the worldwide gas outlets market. The region also boasts a sizable number of producers of these goods, which increases its market share in this niche. Due to its quick economic growth and rising healthcare spending per person, the area is predicted to have tremendous expansion over the next years. This will result in a rise in demand for petrol stations from hospitals and clinics all across the area.

KEY INDUSTRY PLAYERS

"Tough Rivalry Among Market Players to Boost Market Growth "

The analysis aids the reader in modifying industry competition and competitive environment methods to increase prospective profit. Additionally, it offers a straightforward framework for assessing and gaining access to the position of the corporate organisation. The Global gas outlets market's competitive landscape is another area that the report structure focuses on. The report introduces in detail the market share, market performance, product situation, operation situation, etc. of the major players, making it easier for readers to recognise these players and comprehend the market's competitive landscape.

List of Market Players Profiled

• Air Liquide (France)
• Allied Healthcare Products Inc. (U.S.)
• Amico (Italy)
• BeaconMedaes (Atlas Copco) (U.S.)
• Gentec (Genstar Technologies) (Georgia)
• ASB System (India)
• Ohio Medical (U.S.)
• Powerex (U.S.)
• ESCO Medicon (Australia)
• GCE Group (Nepal)
• Dräger (U.S.)

REPORT COVERAGE

Specific segmentation by area (country), manufacturers, kind, and application are included in the study paper. By using criteria like product type, end-user or application, geography, and other variables, market segmentation divides a market into smaller segments. The decision-maker can use this targeting in product, sales, and marketing strategies by comprehending the market segments. By influencing the way you develop product offers for various market segments, market segmentation can drive your product development cycles.