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North America Non-Cryogenic Air Separation Unit Market Size
- Report ID: GMI11509
- Published Date: Sep 2024
- Report Format: PDF
North America Non-Cryogenic Air Separation Unit Market Size
North America Non-Cryogenic Air Separation Unit Market was valued at USD 375.7 million in 2023 and is set to grow at 3.7% CAGR from 2024 to 2032. Increasing industrial demand for nitrogen along with product energy efficiency & low operating cost are the major growth driver for the market. Industries such as electronics, chemicals, and oil & gas have growing needs for nitrogen for various applications like inserting, blanketing, and purging. Non-cryogenic units provide a reliable, on-demand supply of nitrogen, which is essential for continuous operations in these sectors, driving growth in the market.
Non-cryogenic air separation methods including pressure swing adsorption (PSA) and vacuum swing adsorption (VSA), offer significant energy savings compared to cryogenic methods. Their ability to separate gases without the need for extreme temperatures reduces operational costs, making them appealing to industries seeking more sustainable and cost-efficient gas production solutions.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Non-Cryogenic Air Separation Unit Market Size in 2023: | USD 375.7 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 3.7% |
| 2032 Value Projection: | USD 514.6 Million |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 90 |
| Tables, Charts & Figures: | 12 |
| Segments covered: | Gas, End Use, & Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
North America Non-Cryogenic Air Separation Unit Market Scope
