New York, United States – Air separation plant market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Air separation plant market by region.
Global air separation plant market that was valued at USD 4,132 million in 2015, is expected to reach USD 5,852.7 million by 2022.
The digital economy affects the world’s trajectory and the societal well-being of common citizens. In addition, it influences everything from resource assignment to income allocation and economic growth. The adoption of the Internet of Things is pushing significant market growth. Additionally, in 5-10 years, the latest technologies such as robotics, AI, and augmented reality can illustrate around 27% of ICT spending. Consumer demand for access to content and products at any time and from any location is propelling the ICT market forward. The ICT sector is lucrative for vendors since it has about 7 billion mobile subscribers and 3 billion Internet, users.
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Market Synopsis of Global Air Separation Plant The primary components of atmospheric air such as nitrogen, oxygen, and other inert gases, are separated using air separation plants. Cryogenic distillation is the most common method used for air separation. Cryogenic Air Separation Units (ASUs) are built to provide gases such as nitrogen, oxygen, carbon dioxide, argon, hydrogen, helium and acetylene. Air separation plants have witnessed a rise in demand across various industries such as food & beverages, Automotive, paper & pulp, healthcare. Many industrial gas organizations have commercialized systems that rely, mainly on improved lithium-based adsorbents, which have a higher selectivity and higher mass transfer rates. Moreover, Pressure swing adsorption (PSA) is a well-established gas separation technique, used in air separation, gas drying, and hydrogen purification separation. Such advanced adsorbents with elaborate mechanical innovation, such as improved air movers and compression systems and simpler control schemes, help in the growth of the market. In addition to this, Membrane-based systems are compact and lightweight. This has given them an array of useful industrial applications. Air separation plant is used to separate the atmospheric air into nitrogen, oxygen, and other gases. The cost involved acts as a barrier for the market. The cost of electricity is the largest operating cost incurred in air separation plants. Electric motors used for compression equipment, heaters, and cooling system also add to the cost incurred. Moreover, the high cost of laser and infrared technology-based devices for operation tracking in plants for more accurate and efficient solutions, will increase the overall cost of the air separation plants. Non-cryogenic air separation technologies such as Pressure Swing Adsorption (PSA), Vacuum Pressure Swing Adsorption (VPSA) and Membrane Gas Permeation are some of the technologies based on compressed air which utilize large vessels and leads to higher costs. Global air separation plant market that was valued at USD 4,132 million in 2015, is expected to reach USD 5,852.7 million by 2022.
Study objectives of Global Air Separation Plant Market > To provide detailed analysis of the market structure along the forecast period, for the various segments and sub-segments included in global air separation plant market with analysis of its development and demand in the market > To identify high growth geographies and countries > To study regional and country-specific demand and forecast for global air separation plant market > To cover the key segments of: Technology, Process, Application and region > To finalize the unit breakdown for all different classification; and refer to them for forecasting, keeping few assumptions into factor > To identify the forecast demand, for all the regions, applications and the historical figure; To collect the data through primary and annual reports, which were triangulated to derive the regional market size > To identify the historical trend to forecast and estimate the future value data
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Regional Analysis of Global Air Separation Plant Market North America is referred as one of the leading manufacturers and distributors of high purity oxygen, cylinder filling plants and different gas generator for medical, industrial and other applications, for instance, Linde North America is investing in a site with a new gasification train and ancillary equipment and facilities. Europe is referred to as one of the leading markets for air separation plant under process and gas segments. European governments such as those of France and Germany, devote a large share of spending on infrastructure and as well as on innovation in current technology for reducing capital costs and driving up process efficiency, for instance, a European supplier of industrial and medical gas products, provides ULTRA-AL merchant Air Separation Plants. The rise in demand for industrial gases with high purity level is mainly from end-use industries such as oil & gas industry, chemicals and petrochemicals. Stringent safety and environmental regulations of the healthcare sector and increased demand for photovoltaic products, also drive the demand for air separation plants, in Asia Pacific region.
Key Players Some of the leading players operating in this market are Linde AG (Germany), Air Liquide S.A. (France), Praxair, Inc.(U.S.), Taiyo Nippon Sanso Corporation (Japan), Air Products and Chemicals, Inc. (U.S.), and Messer Group GmbH (Germany). Enerflex Ltd. (Canada), Gas Engineering LLC (U.S.), Universal Industrial Gases (U.S.) and Technex Limited (India) are among others.
Target Audience > Manufactures > Raw Materials Suppliers > Aftermarket suppliers > Research Institute / Education Institute > Potential Investors > Key executive (CEO and COO) and strategy growth manager
Product Analysis > Product matrix which gives a detailed comparison of the market for different recycled product types Additional Information
> Regulatory Landscape > Pricing Analysis > Macroeconomic Indicators
Geographic Analysis > Geographical analysis across 15 countries Company Information > Profiling of 10 key market players > In-depth analysis including SWOT analysis, and strategy information of related to report title > Competitive landscape including emerging trends adopted by major companies The report for Global Air Separation Plant Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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What is the goal of the report?
The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
The COVID-19 pandemic has affected almost every industry. The market witnessed a significant decline in investments, mainly in the energy and power sector. According to the estimations by the International Energy Agency, investments in the energy and power domain are projected to decrease by 10% in 2020 as compared to the pre-pandemic statistics. This indicate the condition of global marketplace along with severe challenges faced during pandemic.
Asia-Pacific market is forecast to emerge as rapidly growing region in global market, owing to governments’ initiatives towards increasing urbanization and growing population leading to increasing demand of energy-based products and services. Also, North America is forecast to grow rapidly because of high energy consumption in the region and technological advancements across the sector. Energy consumption has been increasing in the region, mainly in the US; the primary energy consumption is segmented on the basis of nuclear electric power, petroleum, coal, renewable energy, and natural gas. The petroleum and natural gas segment is dominating the overall sector. In the mix of energy sources, petroleum accounts for around 35% of the overall consumption, whereas natural gas accounts for 34%.
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