PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1684585
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1684585
Vacuum Pressure Swing Adsorption Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
The Global Vacuum Pressure Swing Adsorption Market was valued at USD 3.4 billion in 2024 and is expected to expand at a CAGR of 6.9% from 2025 to 2034. This market expansion is largely fueled by the growing demand for industrial gases like oxygen, nitrogen, and hydrogen across key sectors such as healthcare, chemicals, petrochemicals, and metallurgy. These gases are crucial for various industrial applications, and industries like steel manufacturing require large volumes of oxygen for their production processes.
As industries continue to modernize and expand, the need for efficient gas separation technologies, like VPSA systems, becomes more apparent. Additionally, rising concerns about environmental impact and the growing trend of sustainability are encouraging more industries to adopt on-site gas generation systems, reducing reliance on traditional gas suppliers. VPSA technology enables the efficient extraction of gases with reduced energy consumption and greater cost-effectiveness, making it an attractive option for a wide range of industrial applications.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $3.4 Billion |
| Forecast Value | $6.6 Billion |
| CAGR | 6.9% |
The VPSA market is segmented by product type, including oxygen generators, nitrogen generators, hydrogen generators, carbon dioxide (CO2) generators, and others such as argon and helium. In 2024, oxygen generators dominated the market with a valuation of USD 1.3 billion. This segment is expected to grow at a robust CAGR of 7.1% during the forecast period. The surge in global healthcare infrastructure development, particularly in response to the COVID-19 pandemic, has significantly increased the demand for reliable on-site oxygen generation systems in hospitals and medical facilities. In addition, oxygen is essential in various industrial applications, such as steel production, chemical manufacturing, and water treatment, driving further demand for VPSA systems.
The market is also divided by distribution channel into direct and indirect channels. In 2024, indirect distribution channels held a leading market share of 58.5%. These channels, which include intermediaries with extensive networks and localized expertise, are expected to continue their growth, with a forecasted CAGR of 6.6% between 2025 and 2034. By leveraging indirect distribution channels, manufacturers can extend their reach without the need to establish direct sales teams in every region, making VPSA systems more accessible to a broad range of industries.
In the United States, the VPSA market generated USD 800 million in 2024. The country's advanced industrial infrastructure and the high demand for medical-grade oxygen, particularly in healthcare, have played a significant role in this market performance. Moreover, major investments in sectors like healthcare, chemicals, petrochemicals, and metallurgy have driven the increased adoption of VPSA technology, especially in medical settings, where the need for on-site gas generation systems, particularly for oxygen, is on the rise.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 3600 synopsis, 2021 - 2034
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factors affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
- 3.2 Impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Rising demand for industrial gases
- 3.2.1.2 Growing adoption in emerging economies
- 3.2.1.3 Expansion of renewable energy and hydrogen economy
- 3.2.2 Industry pitfalls & challenges
- 3.2.2.1 High initial investment and maintenance cost
- 3.2.2.2 Competition from alternative technologies
- 3.2.1 Growth drivers
- 3.3 Technology & innovation landscape
- 3.4 Consumer buying behavior analysis
- 3.4.1 Demographic trends
- 3.4.2 Factors affecting buying decision
- 3.4.3 Consumer product adoption
- 3.4.4 Preferred distribution channel
- 3.5 Growth potential analysis
- 3.6 Regulatory landscape
- 3.7 Pricing analysis
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product Type, 2021 – 2034, (USD Billion)
- 5.1 Key trends
- 5.2 Oxygen generators
- 5.3 Nitrogen generators
- 5.4 Hydrogen generators
- 5.5 Carbon dioxide (CO2 ) generators
- 5.6 Others (Argon, Helium)
Chapter 6 Market Estimates & Forecast, By Operation, 2021 – 2034, (USD Billion)
- 6.1 Key trends
- 6.2 Semi-automatic
- 6.3 Automatic
Chapter 7 Market Estimates & Forecast, By Capacity, 2021 – 2034, (USD Billion)
- 7.1 Key trends
- 7.2 Up to 50 Nm³/h
- 7.3 50 Nm³/h and 500 Nm³/h
- 7.4 Above 500 Nm³/h
Chapter 8 Market Estimates & Forecast, By End Use, 2021 – 2034, (USD Billion)
- 8.1 Key trends
- 8.2 Healthcare
- 8.3 Industrial
- 8.4 Chemical
- 8.5 Environmental
- 8.6 Oil & gas
- 8.7 Energy & power
- 8.8 Other (Food & Beverages, Metallurgy, etc.)
Chapter 9 Market Estimates & Forecast, By Distribution Channel, 2021 – 2034, (USD Billion)
- 9.1 Key trends
- 9.2 Direct
- 9.3 Indirect
Chapter 10 Market Estimates & Forecast, By Region, 2021 – 2034, (USD Billion)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.4.6 Malaysia
- 10.4.7 Indonesia
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.6 MEA
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 South Africa
Chapter 11 Company Profiles (Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis)
- 11.1 AirSep
- 11.2 NOVAIR USA
- 11.3 Precision Medical
- 11.4 Air Products and Chemicals
- 11.5 PKU Pioneer
- 11.6 Adsorption Research
- 11.7 Valmet
- 11.8 NES Company
- 11.9 Chenrui Air Separation Technology
- 11.10 CAIRE
- 11.11 Linde
- 11.12 Praxair Technology
- 11.13 Messer Group
- 11.14 Oxymat
- 11.15 PCI Gases
