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A07825 | Pages: 350 | Charts: 64 | Tables: 143 |
The global air separation unit market was valued at $5.8 billion in 2023, and is projected to reach $8.8 billion by 2033, growing at a CAGR of 4.3% from 2024 to 2033.
Market Introduction and Definition
An air separation unit (ASU) is a facility that separates atmospheric air into its primary components, typically nitrogen, oxygen, and sometimes argon, through a process called cryogenic distillation. Atmospheric air is compressed and purified to remove impurities like carbon dioxide and water vapor. The compressed air is then cooled and liquefied in a series of heat exchangers and distillation columns, where it undergoes fractional distillation at extremely low temperatures (-196°C for nitrogen and -183°C for oxygen) . This process exploits the differences in boiling points of the gases to separate them into pure streams. ASUs play a critical role in industrial gas production, supplying gases essential for various applications, including medical oxygen, industrial gases, and cryogenic fuels for aerospace and healthcare industries.
Key Takeaways
The report provides competitive dynamics by evaluating business segments, product portfolios, target market revenue, geographical presence and key strategic developments by prominent manufacturers.
The air separation unit market is fragmented in nature among prominent companies such as Linde PLC, Air Products and Chemicals, Inc., Nikkiso, ING. L. & A. BOSCHI ITALY, Bhuruka Gases Limited and so on.
The study contains qualitative information such as the market dynamics (drivers, restraints, challenges, and opportunities), public policy analysis, pricing analysis, and Porter’s Five Force Analysis across North America, Europe, Asia-Pacific, LAMEA regions.
Latest trends in global air separation unit market such as undergoing R&D activities, regulatory guidelines, and government initiatives are analyzed across 16 countries in 4 different regions.
More than 3, 300 air separation unit-related product literatures, industry releases, annual reports, and other such documents of key industry participants along with authentic industry journals and government websites have been reviewed for generating high-value industry insights for global air separation unit market.
Key Market Segments
Key Market Players