What is Global PSA Oxygen Generator Market?
The Global PSA Oxygen Generator Market is a vast and dynamic sector that plays a crucial role in various industries. PSA, or Pressure Swing Adsorption, is a technology used to separate some gas species from a mixture of gases under pressure. The oxygen generators that use this technology are known as PSA Oxygen Generators. These generators are used to produce oxygen from the air directly. The global market for these generators is extensive and continually evolving. In 2023, the market was valued at a whopping US$ 2903.2 million, and it's expected to grow even more in the coming years. The market's growth is driven by various factors, including the increasing demand for oxygen in different sectors like healthcare and industries.
Small PSA Oxygen Generator, Large PSA Oxygen Generator in the Global PSA Oxygen Generator Market:
The Global PSA Oxygen Generator Market is segmented into two main categories based on the size of the generators: Small PSA Oxygen Generators and Large PSA Oxygen Generators. Small PSA Oxygen Generators are compact and portable, making them ideal for small-scale applications such as emergency medical services, home healthcare, and small industries. On the other hand, Large PSA Oxygen Generators are designed for large-scale applications. They are typically used in hospitals, manufacturing plants, and other large establishments that require a continuous and large volume of oxygen. Both types of generators have their unique features and advantages, and their usage depends on the specific requirements of the end-users.
Industrial Oxygen, Medical Oxygen in the Global PSA Oxygen Generator Market:
The Global PSA Oxygen Generator Market finds its usage in various areas, primarily in Industrial Oxygen and Medical Oxygen. In the industrial sector, these generators are used in various applications such as combustion, oxidation, fermentation, and other processes that require oxygen. They are also used in industries like glass manufacturing, steel making, and wastewater treatment, where oxygen is an essential component. In the medical field, PSA Oxygen Generators are used to provide a continuous supply of oxygen in hospitals and healthcare facilities. They are crucial in critical care units, operating rooms, and other areas where oxygen therapy is required.
Global PSA Oxygen Generator Market Outlook:
Looking at the market outlook, the Global PSA Oxygen Generator Market is set for significant growth. In 2023, the market was valued at US$ 2903.2 million. However, it's not just about the present; the future looks promising too. By 2030, the market is expected to reach a staggering US$ 4565.2 million. This growth translates to a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period from 2024 to 2030. It's also worth noting that in 2019, the top three companies in this market held a combined market share of over 76%. This data indicates the market's competitive nature and the dominance of the leading players.
| Report Metric | Details |
| Report Name | PSA Oxygen Generator Market |
| Accounted market size in 2023 | US$ 2903.2 million |
| Forecasted market size in 2030 | US$ 4565.2 million |
| CAGR | 6.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Inogen, NGK Spark Plug, Yuyue Medical, Invacare, Teijin Pharma, Philips, Linde, Atlas Copco, DeVilbiss Healthcare, Delta P, ResMed, Pacific Consolidated Industries, O2 Concepts, Air Water Group, Beijing Shenlu, Novair Medical, Oxymat A/S, Inmatec |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
