Non-Cryogenic Air Separation Unit Market Size - By Gas (Nitrogen, Oxygen, Argon), End Use (Iron & Steel, Oil & Gas, Healthcare, Chemicals), Regional Outlook & Forecast, 2024 – 2032
Report ID: GMI9885
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Published Date: June 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 16
Tables & Figures: 12
Countries covered: 18
Pages: 90
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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.
Non-Cryogenic Air Separation Unit Market Trends
The energy sector, particularly the growth of renewable energy and hydrogen production, is boosting demand for non-cryogenic ASUs. Hydrogen, often produced through electrolysis, requires non-cryogenic separation to achieve sufficient purity. Additionally, nitrogen is used in various energy applications, including enhanced oil recovery and maintaining inert atmospheres in power plants. Moreover, technological innovations are enhancing the efficiency and capabilities of non-cryogenic ASUs. Advances in materials science, automation, and process control are leading to more efficient and cost-effective units. These improvements are reducing operational costs and increasing the appeal of non-cryogenic ASUs across various industries.
Non-Cryogenic Air Separation Unit Market Analysis
Based on gas, the nitrogen-based air separation unit market is likely to exceed USD 900 million by 2032. Stringent environmental regulations and the global push for sustainability are driving the adoption of non-cryogenic ASUs. These units are essential for processes that reduce greenhouse gas emissions, such as carbon capture and storage (CCS) and the production of low-carbon hydrogen.
Based on end use, the healthcare end use industry will grow at a rate of over 2.1% through 2032. The healthcare industry is a significant driver of the non-cryogenic ASU market, as the COVID-19 pandemic highlighted the critical need for medical oxygen, leading to increased investment in ASUs to ensure a steady supply. Beyond the pandemic, the growing use of oxygen in medical treatments, surgeries, and respiratory therapies continues to drive demand, thereby propelling market growth.
Asia Pacific non-cryogenic air separation unit market is projected to surpass USD 607 million by 2032. Rapid industrialization, urbanization, and growth in the manufacturing sectors in countries like China and India are fuelling the demand for non-cryogenic ASUs. The region is also experiencing substantial investments in healthcare infrastructure and renewable energy projects.
In the U.S., the market is driven by strong demand from the healthcare, manufacturing, and energy sectors. Government initiatives to boost industrial growth and ensure energy security are further supporting market expansion. Additionally, the oil and gas industry significantly influence the market, with substantial demand for nitrogen and other industrial gases for enhanced oil recovery and refining processes.
Non-Cryogenic Air Separation Unit Market Share
Air Liquide, Linde Plc, AMCS Corporation, CRYOTEC Anlagenbau GmbH, and TAIYO NIPPON SANSO CORPORATION are among the prominent players in the non-cryogenic air separation unit (ASU) market. In the cryogenic ASU market, consolidation is evident as leading players undertake mergers, acquisitions, and strategic partnerships to bolster their market position and technological prowess. These alliances are geared towards augmenting production capacities, penetrating new markets, and innovating solutions to address changing customer demands.
Non-Cryogenic Air Separation Unit Market Companies
Major key players operating across the non-cryogenic air separation unit industry are:
Non-Cryogenic Air Separation Unit Industry News
This non-cryogenic air separation unit market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue in ‘USD Billion’ from 2021 to 2032, for the following segments:
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Market, By Gas
Market, By End Use
The above information has been provided for the following regions and countries: