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Asia Pacific Non-Cryogenic Air Separation Unit Market Trends

  • Report ID: GMI11393
  • Published Date: Sep 2024
  • Report Format: PDF
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Asia Pacific Non-Cryogenic Air Separation Unit Market Trends

The energy sector, particularly the rise of renewable energy and hydrogen production, is driving increased demand for non-cryogenic Air Separation Units (ASUs). Hydrogen, often produced via electrolysis, relies on non-cryogenic separation methods to achieve the required purity levels. Additionally, nitrogen plays a critical role in various energy applications, such as enhanced oil recovery and maintaining inert atmospheres in power plants. Furthermore, technological advancements are significantly boosting the efficiency and performance of non-cryogenic ASUs. Innovations in materials science, automation, and process control are making these units more efficient and cost-effective, which in turn is lowering operational expenses and increasing their attractiveness across multiple industries.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The Asia Pacific Non-Cryogenic Air Separation Unit industry was worth USD 677.2 million in 2023 and is expected to grow at 4.4% CAGR from 2024 to 2032, driven by rising demand from sectors like healthcare, manufacturing, and energy.

The healthcare industry is a major driver, growing at a rate of over 3% by 2032. The increasing demand for medical oxygen in treatments, surgeries, and respiratory therapies is boosting the investment in non-cryogenic ASUs to ensure a reliable oxygen supply.

The nitrogen-based air separation unit market in the Asia Pacific region is projected to surpass USD 379 million by 2032. The growing need for nitrogen, especially in industries like metal cutting, welding, and chemicals, is driving this segment's growth.

China dominates the regional market and is projected to exceed USD 207 million by 2032. Factors such as rapid industrialization, urbanization, and growth in the manufacturing sectors, alongside the push for renewable energy sources like hydrogen, contribute to the increasing demand for non-cryogenic ASUs.

Key market players include Air Liquide, Linde Plc, TAIYO NIPPON SANSO CORPORATION, AMCS Corporation, and Sichuan Air Separation Plant Group. These companies are actively involved in mergers, acquisitions, and strategic partnerships to strengthen their market positions.

Asia Pacific Non-Cryogenic Air Separation Unit Market Scope

  • Asia Pacific Non-Cryogenic Air Separation Unit Market Size
  • Asia Pacific Non-Cryogenic Air Separation Unit Market Trends
  • Asia Pacific Non-Cryogenic Air Separation Unit Market Analysis
  • Asia Pacific Non-Cryogenic Air Separation Unit Market Share

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    Premium Report Details

    • Base Year: 2023
    • Companies covered: 15
    • Tables & Figures: 12
    • Countries covered: 5
    • Pages: 90
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