The main factors that drive demand in the bulk distribution equipment industry are mainly new business and organic growth, the replacement of ageing equipment, and any new applications that arise for distribution equipment.
As with the industrial gas industry itself, new business and organic growth generally depend on economic expansion as the main driver for growth in the demand of bulk distribution equipment. Economic growth generates an increased demand for goods and services from the commercial, industrial and manufacturing sectors, generating an increase in industrial gas demand and therefore for the equipment needed for distribution and storage. In recent years, the emerging markets have provided the lion’s share of new business growth.
For more than a decade, emerging markets have presented the highest potential for growth and all of the major multinational industrial gas companies without exception have significantly invested in these markets. As a consequence, emerging markets also present key opportunities for manufacturers of distribution equipment.
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