DUBLIN, March 28, 2022--(BUSINESS WIRE)--The "Global Oxygen Generator Market, By Type, By Form, By Technology, By Application, By Region, Estimation & Forecast, 2017 - 2030" report has been added to ResearchAndMarkets.com's offering.
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.
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.
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.
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?
The global oxygen generator market is segmented the type, form, technology, and application.
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.
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.
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 segment's market size is anticipated to surpass a value of USD 900 million by 2029 owing to their growing usage in healthcare facilities.
Sewage and Waste Water treatment
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 segment's volume is approximately 35% of the steel industry's 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.
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.
For more information about this report visit https://www.researchandmarkets.com/r/39iku
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