Global Air Separation Equipment Market (2021-2026)-Demand

2021-11-22 08:56:20 By : Ms. Eva Lake

August 9, 2021 07:38 ET | Source: Research and Market Research and Market

Dublin, August 9, 2021 (GLOBE NEWSWIRE)-"Air separation equipment market by process (low temperature, non-low temperature), gas (nitrogen, oxygen, argon, others), end-use industry (steel, petroleum) And Natural Gas, Chemicals, Healthcare, Others) and Regions-Global Forecast to 2026" report has been added to ResearchAndMarkets.com's products.

The global air separation equipment market is valued at US$4.5 billion in 2021 and is expected to reach US$5.9 billion by 2026, with a compound annual growth rate of 4.9% from 2021 to 2026.

The global market for air separation equipment is driven by strong growth in demand, especially from steel, oil and gas, chemical, healthcare, and other end-use industries.

In terms of process flow, cryogenic process is the largest part of the global air separation equipment market.

Cryogenic technology was commercialized in 1902 and has since been widely used by companies in many industries that require nitrogen, oxygen and other gases. As the oldest air separation technology available, it has made considerable progress over the years, thereby improving efficiency and gas purity. The global demand for processed metals and alloys continues to grow, increasing reliance on pure gases to improve metal performance, and rapid industrialization are expected to promote the development of the air separation equipment market in the next five years.

In terms of gas, nitrogen is the largest part of the air separation equipment market.

Cryogenic technology was commercialized in 1902 and has since been widely used by companies in many industries that require nitrogen, oxygen and other gases. As the oldest air separation technology available, it has made considerable progress over the years, thereby improving efficiency and gas purity. The global demand for processed metals and alloys continues to grow, increasing reliance on pure gases to improve metal performance, and rapid industrialization are expected to promote the development of the air separation equipment market in the next five years.

Calculated by the end-use industry, steel is the largest part of the air separation equipment market.

Steel is used in automobiles, electrical appliances, roads, bridges, ships, aircrafts, and engineering and construction applications. Therefore, with the development and growth of any country, the production and consumption of steel will increase proportionally. Countries such as China, the United States, Japan, Russia, Italy, Germany, India and Brazil are leading the way in steel production and consumption.

The Asia-Pacific region is expected to lead the air separation equipment market during the forecast period.

The market growth in the Asia-Pacific region can be attributed to the increase in metal production, manufacturing and consumption in countries such as Japan, China and India. The Asia-Pacific region is the region with the highest steel production and consumption in the world, as well as one of the regions with the highest oil refining capacity. It is also the manufacturing center of the world, with numerous heavy machinery and equipment manufacturing companies.

4 Premium Insights 4.1 Attractive Opportunities in the Global Air Separation Equipment Market 4.2 Air Separation Equipment Market, According to Gas 4.3 Subspace Equipment Market, According to End-use Industries and Countries 4.4 Air Separation Equipment Market, Major Countries

5 Market Overview 5.1 Introduction 5.2 Market Segmentation 5.3 Market Dynamics 5.3.1 Driving Factors 5.3.1.1 Dynamic Manufacturing Sector's Continuous Increase in Demand for Industrial Gases 5.3.1.2 Increased Demand for Medical Oxygen Due to COVID-19 5.3.2 Restrictions 5.3.2 Related high costs 5.3.2.1 5.3.3 Opportunities 5.3.3.1 Demand for industrial oxygen in Africa due to COVID-19 5.3.3.2 Emerging applications in the glass, gasification and gasification liquid industries 5.3.4 Challenges 5.3.4.1 Economical development Effective technology 5.3.4.2 The hazards associated with cryogenic air separation technology 5.4 Porter’s five forces analysis 5.5 Supply chain analysis 5.6 Value chain analysis 5.6.1 Well-known companies 5.6.2 Small and medium-sized enterprises 5.7 Case study analysis 5.7 Trends affecting customer business/ Disruption 5.9 Air separation equipment market ecosystem 5.10 Patent analysis 5.11 Technical analysis 5.12 Import and export trade analysis 5.13 Regulatory landscape 5.14 Macroeconomic indicators

6 Air separation equipment market, introduced according to process 6.1 6.2 Low temperature 6.2.1 The increasing demand for gas from industrial activities promotes the low temperature field 6.3 Non-low temperature 6.3.1 The medical and health care, food and beverage and glass industries promote growth in the non-low temperature field 6.3 .1.1 Pressure swing adsorption (Psa) 6.3.1.2 Vacuum pressure swing adsorption (Vpsa) 6.3.1.3 Membrane separation

7 Air separation equipment market, introduced by gas 7.1 7.1.1 Impact of COVID-19 on the gas sector 7.2 Nitrogen 7.2.1 The use of nitrogen in coverage and inerting in multiple end-use industries increases the demand for nitrogen 7.3 Oxygen 7.3. 1 The demand for medical oxygen The treatment of COVID-19 patients promotes the growth of market segments 7.4 Argon 7.4.1 Argon widely used in industrial and electronic applications 7.5 Others

8 Air separation equipment market, introduced by end-use industry 8.1 8.2 Steel 8.2.1 The steel industry occupies the largest market share 8.2.2 The impact of COVID-19 on the steel industry 8.3 Oil and gas 8.3.1 Industry used for downstream and upstream processes Gas promotes market segment growth 8.3.1.1 Upstream 8.3.1.2 Downstream 8.3.2 The impact of COVID-19 on the oil and gas industry 8.4 Chemicals 8.4.1 The recovery of the global chemical industry is expected to drive the demand for air separation equipment gas 8.4.2 COVID -19 Impact on the chemical industry 8.5 Healthcare 8.5.1 Increased consumption of oxygen and other medical gases promotes the healthcare sector 8.5.2 Impact of COVID-19 on the healthcare industry 8.6 Other 8.6.1 Impact of COVID-19 on other industries

9 Air separation equipment market, by region

10 Competitive landscape 10.1 Overview 10.2 Market evaluation framework 10.3 Market share analysis: Air separation equipment market (2020) 10.3.1 Market share analysis of top players in the air separation equipment market 10.3.2 Revenue analysis of top players in the air separation equipment market 10.4 Company Evaluation Matrix, 2020 10.4.1 Star 10.4.2 Emerging Leader 10.4.3 Prevalent 10.4.4 Participants 10.5 Competitive Benchmark 10.5.1 Product Portfolio Strength 10.5.2 Business Strategy Excellence 10.6 SME Matrix 10.2062.10.62020 Company Dynamics Company 10.6.3 Responding companies 10.6.4 Starting point 10.7 Main market development

11 Company Profile 11.1 Main Participants 11.1.1 Linde plc 11.1.2 Air Liquide Sa 11.1.3 Air Products and Chemicals, Inc. 11.1.4 Messer Group GmbH 11.1.5 Taiyo Nippon Sanso Corporation 11.1.6 Daesung Industrial Co., Ltd 11.1.7 Air Water Inc. 11.1.8 Enerflex Ltd. 11.1.9 Yingde Gas Group Co., Ltd. 11.2 Sme Profiles 11.2.1 Inox Air Products Private Limited 11.2.2 Hangzhou Hangyang Co., Ltd. 11.2.3 Universal Industrial Gases, Inc 11.2.4 Nikkiso Cosmodyne, LLC 11.2.5 Siad Macchine Impianti SPA 11.3 Other companies 11.3.1 Ranch Cryogenics, Inc. 11.3.2 Technex Limited 11.3.3 Phoenix Equipment Corporation 11.3.4 Amcs Corporation 11.3 Universal Ing.. L. & A. Boschi Plants Private Limited 11.3.6 China Air Separation Equipment Corporation 11.3.7 Gas Engineering, LLC 11.3.8 Cryotec Anlagenbau GmbH 11.3.9 Novair Sas

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