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The growing importance of integrated smart systems that allow remote monitoring and predictive maintenance is reshaping the market. The expansion of the hydrogen production sector is a notable growth propelling factor as hydrogen production via steam methane reforming (SMR) and electrolysis requires the use of ASUs for nitrogen supply, boosting demand for these systems.
Additionally, environmental regulations and the need for operational efficiency have also led to innovations in ASU designs that focus on reducing carbon emissions and minimizing energy consumption, aligning with global efforts toward sustainability. As industrial activities expand and diversify, the ASU market is poised to continue growing driven by both the need for reliable, high-quality gases and the ongoing innovations that improve operational efficiencies, sustainability, and cost-effectiveness in various applications.
The global market for air separation unit was reached USD 6.1 billion in 2024 and is projected to grow at a 4.3% CAGR from 2025 to 2034, driven by increasing demand for industrial gases and advancements in technology.
The cryogenic air separation unit industry is expected to exceed USD 6.5 billion by 2034, supported by rising industrial demand and the growing need for hydrogen production.
The nitrogen gas market is projected to grow at a CAGR of over 4.1% through 2034, led by its increasing use in industries such as chemical manufacturing, food and beverage processing, and electronics production.
The U.S. air separation unit market is set to surpass USD 1.3 billion by 2034, fueled by the transition to cleaner energy sources and the healthcare sector's demand for high-purity medical gases like oxygen.
Key players in the air separation unit industry include Air Liquide, Air Products and Chemicals, Cryotec Anlagenbau, Kaifeng Air Separation Group, Linde, Messer, Praxair Technology, Ranch Cryogenics, Sichuan Air Separation Plant Group, Taiyo Nippon Sanso, Universal Industrial Gases, and Yingde Gases.