The global oxygen generator market in 2021 was valued at USD 1,469.5 Million and is projected to reach USD 2,545.0 Million by the year 2030. The market is anticipated to register a CAGR of 5.1% over the projected period. In 2021, around 1,321.87 thousand units of oxygen generators were estimated to be sold.
Oxygen Generator Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Oxygen Generator Market , and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. Census Bureau reports the recovering of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries, resulting in a large market for Oxygen Generator.
Oxygen generators are devices used for separating oxygen from compressed air using special selective adsorptive technology, known as the pressure swing adsorption. The government initiatives to manage respiratory disorders and COVID-19 is expected to boost the market growth. Furthermore, rising use of oxygen generators in various industries is also expected to fuel the market growth. Despite the driving factors, high cost of medical oxygen generator are expected to hinder the market growth during the forecast period. Stringent regulatory procedures are also estimated to restrain the market growth.
Growth Influencers: Government initiatives to manage respiratory disorders and COVID-19 During the COVID-19 pandemic, the demand for oxygen generators increased owing to the high requirement of oxygen during the treatment of COVID-19. Also, rising prevalence of respiratory disorders is estimated to increasing adoption of oxygen generators. According to the Centers for Disease Control and Prevention, as of September 2021, in the U.S. around 873,000 visits to the emergency departments were made because of COPD. Moreover, the COVID-19 pandemic worsened globally. Hence, government across various nations globally took initiatives to curb the pandemic. These initiatives included various testing programs, among others. Rising use of oxygen generators in various industries Oxygen generators find applications in commercial as well as industrial applications. Various industrial applications of oxygen generators include glass manufacturing, sewage & wastewater treatment plants, papermaking, food/beverage industries, chemical oxidation processes, metallurgy, gasification processes, commercial fish farming, and, mining, among others. Hence, the rising use of oxygen generators in various industries are anticipated to fuel the market growth.
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Segments Overview: The global oxygen generator market is segmented the type, form, technology, and application. By Type, Small PSA Oxygen Generator Large PSA Oxygen Generator
The small PSA oxygen generator segment was estimated to hold the largest market share owing to the increasing demand for various applications. The large PSA oxygen generator is expected to grow at the fastest volume CAGR of 5.6% owing to various technological advancements. By Form, Portable Oxygen Generators Stationary Oxygen Generators
Over 500 thousand units of stationary oxygen generators by 2029 owing to their high usage in home healthcare. Portable oxygen generators segment is estimated to grow owing to their ease of use. By Technology, Pulse Flow Continuous Flow
The pulse flow segment is expected to hold the largest market share as they are more energy efficient as compared to the continuous flow. The continuous flow segments market size is anticipated to surpass a value of USD 900 million by 2029 owing to their growing usage in healthcare facilities. By Application, Industrial Oxygen o Sewage and Waste Water treatment o Steel Industry o Gold Mining o Welding o Pulp and Paper Manufacturing o Glass Blowing o Fish farms & Aquaculture Home-use Oxygen
The home-use oxygen segment is expected to hold the largest market share owing to the increasing spending and preference on home healthcare devices. Within the industrial oxygen segment, the gold mining segments volume is approximately 35% of the steel industrys volume in 2021 and this is expected to reach about 40% by 2030. This is owing to the high usage of oxygen for gold extraction. Also, the glass blowing segment is expected to account for a market size of USD 86.9 million by 2030.
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Regional Overview Based on region, the global Oxygen generator market is divided into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.
The North America region is expected to hold the largest market share of around 38% owing to the increasing incidence rate of respiratory diseases. The Europe region is estimated to the high COVID-19 cases. Asia Pacific region witnessed the fastest growth rate of 6.3% during the forecast period owing to the various government initiatives in various Asia Pacific countries, such as India, China, and South Korea, among others. Competitive Landscape Key players operating in the global oxygen generator market include Atlas Copco, AVIC Jianghang, Beijing Shenlu, Airsep, Caire, DeVilbiss Healthcare, Drive Medical, Foshan Kaiya, GCE Group, Inmatec, Inogen, Inova Labs, Invacare, Nidek Medical, NGK Spark Plug, Novair Medical, O2 Concepts, Oxymat A/S, Philips Respironics, Precision Medical, ResMed, SeQual Technologies, Teijin Pharma, Yuwell, and Other Prominent Players. The cumulative market share of 6 major players is more than 50%.
These market players are engaged in mergers & acquisitions, collaborations, and new product launches to strengthen their market presence. For instance, in December 2021, Invacare Corporation strategically realigned its Asia Pacific and Europe & Middle East & Africa business for streamlining its operations and enhancing customer experience. The company expanded its market presence with this initiative.
The global Oxygen generator market report provides insights on the below pointers:
Market Penetration: Provides comprehensive information on the market offered by the prominent players Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global oxygen generator market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players. Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
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The global Oxygen generator market report answers questions such as:
What is the market size and forecast of the Global Oxygen generator Market? What are the inhibiting factors and impact of COVID-19 on the Global Oxygen generator Market during the assessment period? Which are the products/segments/applications/areas to invest in over the assessment period in the Global Oxygen generator Market? What is the competitive strategic window for opportunities in the Global Oxygen generator Market? What are the technology trends and regulatory frameworks in the Global Oxygen generator Market? What is the market share of the leading players in the Global Oxygen generator Market? What modes and strategic moves are considered favorable for entering the Global Oxygen generator Market?
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