As per the research report titled ‘Global Diving Regulator Market Size study with COVID Impact, by Type (BCD & Regulator, Cylinder & Diving Propulsion Vehicle, Decompression Chamber, Exposure Suit, and Accessories) and Distribution Channel (Specialty Store, Online, and Others)and Regional Forecasts 2020-2027’ available with Market Study Report, global diving regulator market accounted for USD 1 billion in the year 2019 and is projected to record a robust CAGR of 4.6% during 2020-2027.
 

Industry experts claim that increasing tourist activities in coastal regions coupled with introduction of affordable air travel are bolstering the growth of global diving regulator market.
 

In fact, Dive Magazine states that the number of dive centers in the U.S. are estimated to be around 1500. Moreover, the average global sales from diving activities is estimated to be around USD 1.5 billion. Thus, increasing number of dive centers and flourishing diving activities are further aiding the overall market expansion.
 

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Additionally, favorable government initiatives towards development of travel & tourism are positively swaying the market dynamics. However, high costs associated with the products along with increasing occurrences of fatal accidents during diving are expected to hamper the global diving regulator market growth throughout the analysis timeframe.
 

Based on type, global diving regulator industry is bifurcated into accessories, exposure suit, decompression chamber, cylinder & diving propulsion vehicle, and BCD & regulator. With regards to distribution channel, the market is fragmented into online, specialty store, and others.
 

From a regional frame of reference, worldwide diving regulator market is categorized into North America, Europe, Asia-Pacific, Latin America and rest of the world. According to the research report, U.S. currently accounts for a majority share in global diving regulator market and is expected to witness similar growth over the forecast period.
 

Alternatively, Asia-Pacific diving regulator market is anticipated to expand significantly through 2027, owing to proliferating sales of diving equipment in Australia along with increasing number of diving activities in Thailand, Philippines, and Indonesia.
 

The companies that define the global diving regulator industry trends are Underwater Kinetics Inc., Submarine Manufacturing & Products Limited, Honeywell International, Inc., Henderson Aquatics Inc., Draegerwerk AG & Company KGAA, Cobham Ltd., Atlantis Dive, Aqua Lung International, and Apollo Australia Pty Ltd among others.