Home > Industrial Machinery > Industrial Equipment > Gas Purifiers Market
Gas Purifiers Market was valued at USD 1 billion in 2023 and is anticipated to register at over 5.7% CAGR between 2024 and 2032, due to the growing demand for clean and pure gas in various industries. Gas purifiers are used to remove impurities and contaminants from gases, making them suitable for various applications such as medical, industrial, and research. The increasing awareness about the harmful effects of impure gas on human health and the environment is a major factor driving the growth of this market. Moreover, the implementation of strict government regulations and policies regarding air quality and emission control is also contributing to the market growth.
Furthermore, the growth of industries such as oil and gas, pharmaceuticals, and chemical processing is also fueling the demand for gas purifiers. These industries require pure gases for various processes, and the use of gas purifiers ensures the quality and purity of the gases used. With the rapid expansion of these industries, the demand for gas purifiers is expected to continue to grow.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
Gas Purifiers Market Size in 2023: | USD 1 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR: | 5.7% |
2024 – 2032 Value Projection: | USD 2 Billion |
Historical Data for: | 2018 – 2023 |
No. of Pages: | 480 |
Tables, Charts & Figures: | 428 |
Segments covered: | Type, Operating Pressure. Application, End Use Industry, Distribution Channel, and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
Over time, gas purifiers can become clogged with impurities and lose their effectiveness. Regular maintenance and cleaning, along with replacing worn out parts, is crucial to ensuring the longevity of the purifier and its ability to purify gases effectively. Additionally, gas purifiers should be installed and operated in a controlled environment to minimize the risk of contamination. These purifiers require advanced technology and specialized materials which make them expensive to manufacture and maintain. This high cost is then passed on to the consumers, making it difficult for small and medium-sized businesses to invest in these purifiers.
The integration of smart technology, such as sensors and control systems, to monitor and regulate the purification process is the major gas purifier market trend. This not only ensures accurate and precise purification but also allows for real-time data monitoring and analysis, resulting in improved process control and efficiency. Moreover, the incorporation of automation and artificial intelligence has also streamlined the gas purification process, reducing the need for manual intervention and increasing overall productivity.
Manufacturers are focusing on developing gas purification systems that consume less energy during operation. This includes the use of advanced materials, optimized design features, and innovative technologies to improve energy efficiency and reduce overall power consumption. Some advanced gas purification systems incorporate carbon capture and utilization technologies to capture carbon dioxide emissions from industrial processes and convert them into valuable products or materials. CCU technologies contribute to greenhouse gas reduction efforts while creating economic value from captured CO2.
Based on type, the point-of-use type portable gas purifiers segment was worth over USD 830 million in 2023. Point-of-use type portable gas purifiers are compact and easy to transport, making them suitable for use in a wide range of settings, such as laboratories, medical facilities, manufacturing plants, and even in remote locations where access to clean gas may be limited. point-of-use gas purifiers are designed to be highly efficient and reliable. They use a variety of purification methods, including adsorption, filtration, and catalytic conversion, to remove a wide range of impurities, including moisture, hydrocarbons, and particulates. This ensures that the gas is of the highest quality and meets the specific requirements of the application.
Based on application, the multiple gas removal segment exceeded USD 375 million in 2023. These gas purifiers are designed to remove impurities and contaminants from gases such as oxygen, nitrogen, argon, and hydrogen. These purifiers are used in a variety of industries, including pharmaceutical, semiconductor, and chemical manufacturing, as well as in research and development labs. They are essential for maintaining a clean and safe work environment, as certain gases can be harmful to both workers and equipment. The purifiers use a combination of technologies to effectively remove gases such as nitrogen, oxygen, carbon dioxide, and water vapor. Multiple gas removal also come equipped with various safety features, such as gas sensors and alarms, to ensure the proper functioning of the system and alert users of any potential hazards.
Asia Pacific dominated the 35% share of the gas purifiers market in 2023, driven by the increasing demand for clean and pure gases in various industries such as healthcare, food and beverage, electronics, and energy. Rapid industrialization and urbanization in countries like China, India, and Japan have led to a rise in pollution levels, creating a need for efficient gas purifiers to maintain air quality standards. Additionally, the growing awareness about the harmful effects of impure gases on human health and the environment has further fueled the demand for gas purifiers in the region. The key players in the market are focusing on developing advanced gas purifiers with innovative technologies to meet the diverse needs of different industries, further propelling the market growth in the region.
Prominent players including Matheson Tri-Gas, Inc. Parker Hannifin Corp, SAES Getters S.p.A. and Sigma-Aldrich accounted for over 25- 30% market share in 2023. These players are proactively involved in strategic endeavors, such as mergers & and acquisitions, facility expansion, and collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to R&D, aiming to enhance their designs and integrate cutting-edge technologies, thereby ensuring that they maintain a competitive edge.
Major players operating in the Gas purifiers industry include:
Click here to Buy Section of this Report
Market, By Type
Market, By Operating Pressure
Market, By Application
Market, By End Use Industry
Market, By Distribution Channel
The above information is provided for the following regions and countries: