PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616042
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616042
Asia Pacific Non-Cryogenic Air Separation Unit Market was valued at USD 677.2 million in 2023 and is projected to grow at a CAGR of 4.4% from 2024 to 2032. The demand for these units is being propelled by sectors such as healthcare, manufacturing, and energy. Non-cryogenic techniques, like membrane separation and pressure swing adsorption, offer energy-efficient solutions, especially for smaller-scale applications and moderate purity. As energy consumption concerns rise and product applications expand across industries, the landscape of the industry is evolving. Non-cryogenic ASUs, with their lower energy demands, present a compelling alternative to cryogenic systems.
This energy efficiency is especially attractive to industries burdened by high energy costs. Moreover, sectors like metal cutting and welding are increasingly adopting non-cryogenic ASUs for their reliable nitrogen and oxygen delivery, further bolstering market growth. The overall Asia Pacific Non-Cryogenic Air Separation Unit industry is classified based on gas, end-use, and country. The market is segmented by gas into nitrogen, oxygen, argon, and others.
The nitrogen-based air separation unit segment is anticipated to exceed USD 379 million by 2032. The regional shift towards sustainability, coupled with stringent environmental regulations, is driving the adoption of non-cryogenic Air Separation Units (ASUs). These units are pivotal in processes like carbon capture and storage (CCS) and producing low-carbon hydrogen, both aimed at curbing greenhouse gas emissions. Segmented by end use, the market includes iron & steel, oil & gas, healthcare, chemicals, and others. The healthcare segment is projected to grow at over 3% by 2032. The surging demand for medical oxygen in surgeries, treatments, and respiratory therapies is propelling investments in ASUs, ensuring a steady supply.
Market Scope | |
---|---|
Start Year | 2023 |
Forecast Year | 2024-2032 |
Start Value | $677.2 Million |