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Non-Cryogenic Air Separation Unit Market Size
Non-Cryogenic Air Separation Unit Market was valued at USD 1.7 billion in 2023 and will grow at CAGR of 3.5% between 2024 and 2032, driven by rising demand across various industries, including healthcare, manufacturing, and energy. Non-cryogenic methods like pressure swing adsorption (PSA) and membrane separation offer more energy-efficient, simpler solutions for moderate purity and smaller-scale applications.
Increasing concern towards reduction of energy consumption along with rising product application across various industries will propel the industry landscape. Non-cryogenic ASUs are favored for their lower energy requirements compared to cryogenic systems. This makes them attractive in industries where energy costs are a significant concern. In addition, non-cryogenic ASUs are being increasingly adopted in metal cutting and welding processes due to their ability to provide a continuous supply of nitrogen and oxygen.
Who are the major non-cryogenic air separation unit industry players?
Air Liquide, Air Products and Chemicals, Inc, AIR WATER INC, AMCS Corporation, CRYOTEC Anlagenbau GmbH, Enerflex Ltd, KaiFeng Air Separation Group Co.,LTD., and Linde plc among others.
Why is the non-cryogenic air separation unit industry booming in the Asia Pacific?
Asia Pacific non-cryogenic air separation unit market recorded robust growth in 2023 and is projected to exceed USD 607 million by 2032, driven by rapid industrialization, urbanization, and growth in the manufacturing sectors.
Why is the demand for nitrogen-based non-cryogenic air separation units rising?
Nitrogen-based non-cryogenic air separation unit market is expected to surpass USD 900 million by 2032, owing to stringent environmental regulations and the global push for sustainability.
How much is the non-cryogenic air separation unit market worth?
The market size of non-cryogenic air separation unit was reached USD 1.7 billion in 2023 and will grow at 3.5% CAGR during 2024 to 2032, driven by rising demand across various industries, including healthcare, manufacturing, and energy.