Astute Analytica recently published a report on the global Oxygen Generator Market. It provides an in-depth analysis of the global Oxygen Generator Market based on primary and secondary research. In addition, it explores the parent industry in-depth and its strategic implications.
The global Oxygen Generator Market size was US$ 1,619.8 Mn in 2021, and the global market size is forecast to reach US$ 2,545 Mn by 2030, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
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Macroeconomic factors driving the energy sector include the rising gross domestic product (GDP), growing disposable income, the value of shipments, new housing starts, new light-duty vehicle sales, and interest rates.
The COVID-19 pandemic has significantly impacted every industrial sector. As a pillar of economic development, the energy sector was experiencing difficult times during this global pandemic. As a result of COVID-19, the energy industry had impacted dramatically. There is no suspension of climate change policy. It has merely become more urgent. The report indicates supply chain stability, energy storage, and policymaking during epidemics and after outbreaks are major challenges to achieving a clean energy future.
The electric grid is a vital part of American business and society, enabling it to compete globally. It is essential for transportation, water, emergency services, telecommunications, and manufacturing. Driving factors include increasing use of natural gas for power generation at a lower cost, the retirement of coal and fuel oil generation for carbon reduction, the progression of intermittent renewable energy technologies, and a shift in load types to help to reduce carbon dioxide emissions.
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The leading prominent companies profiled in the global Oxygen Generator Market are:
The key players in the Global Oxygen Generator Market are Atlas Copco, Beijing Shenlu Medical Device Co., Ltd., CAIRE Inc., Drive DeVilbiss Healthcare, Foshan Care Medical Technology Co., Ltd., GCE Group, Inogen Inc, Invacare Inc., Nidek medical Inc., NGK spark plug, Koninklijke Philips N.V. and Teijin Ltd. among others.
The global Oxygen Generator Market segmentation focuses on End-User and Region.
By Region segment of the Global Oxygen Generator Market is sub-segmented into:
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