Global O2 Generation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global O2 Generation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

O2 Generations separate oxygen from air so that the gas can be fed into industrial processes in real-time or stored in pressure tanks. O2 Generations are used in dozens of industrial applications ranging from gold mining to aquaculture to life support. This report only focuses on Oxygen gas generators with a Flow Rate between 26NM3-600NM3 and 600NM3-1315NM3.

Market Overview:

The latest research study on the global O2 Generation market finds that the global O2 Generation market reached a value of USD 775.93 million in 2022. It’s expected that the market will achieve USD 936.3 million by 2028, exhibiting a CAGR of 3.18% during the forecast period.

Increasing Demand For Oxygen Due To COVID-19

COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. There is an increased demand for medical oxygen due to the pandemic. According to a study from the European Industrial Gases Association its members such as Air Liquide and Linde are experiencing 5–10 times the usual demand for medical oxygen. In Italy and Eastern France, Air Liquide had witnessed 4–6 times the normal demand for medical oxygen. In April 2021, the demand for medical oxygen in India was estimated to have increased by 5 times versus pre-pandemic levels.

The surge in demand for medical oxygen is expected to drive the O2 Generation market during the period.

The production and sales of O2 Generation are affected by COVID-19

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.

For the O2 Generation Raw Material industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.

But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

Improper way of handling oxygen

Lack of safety measures adopted while handling Oxygen in industries such as manufacturing, mining etc. limits the growth of the O2 Generation market. Though oxygen is not flammable itself, but it can cause other materials to catch fire. Excess contact with liquid oxygen can cause severe skin and eye irritation and burns as well as frostbite. Further, any leak in oxygen containers if kept in poorly ventilated room can cause severe damage to life and property. For example, in June 2019, an air separation plant (ASU) in China exploded due to the leakage of Oxygen from its equipment. Therefore, lack of safety measures while handling Oxygen negatively affecting the O2 Generation market.

O2 Generation Manufacturers Adopting IoT Technology

Many O2 Generation manufacturers are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to garner real time insights and locate gaps in the manufacturing process. The data obtained is processed, analyzed, and interpreted by plant managers and senior level management to improve quality and achieve optimum production levels.

For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers on possible machine breakdowns.

Region Overview:

From 2023-2028, US is estimated to witness robust growth prospects.

Company Overview:

Atlas Copco is one of the major players operating in the O2 Generation market, holding a share of 8.36% in 2022.

Atlas Copco

Atlas Copco AB is an international industrial group. The Company develops, manufactures, and markets compressed air equipment and treatment, vacuum solutions, mining equipment, generators, electric and pneumatic tools, and hybrid joining technologies and other assembly systems, as well as offers related equipment and services.

Pacific Consolidated Industries

Pacific Consolidated Industries, LLC (PCI) manufactures air separation equipment and water purification systems. The Company provides on-site oxygen and nitrogen generators for the military, medicals, industrial, oil, and gas markets. PCI serves customers worldwide.

Segmentation Overview:

Among different product types, PSA segment is anticipated to contribute the largest market share in 2028.

PSA

Pressure Swing Adsorption (PSA) is the most common method of producing oxygen at an industrial scale. PSA generators separate nitrogen from ambient air inside a pressurized tank filled with Zeolite. Zeolite is a natural or man-made mineral that acts as a “molecular sieve.” It is this ability to “sort” molecules by size that makes zeolite so useful. The larger nitrogen molecules are adsorbed by the sieve material while the smaller oxygen molecules drift past and are collected. Pressure is then released, the nitrogen molecules are vented to the atmosphere, and the tank is pressurized again.

Using PSA will result in 90-95% oxygenated gas. Further refinement can be achieved by repeating the process until over 99% “pure” oxygen is generated.

Membrane

Membrane oxygen generators us a compressed air stream passed through semi-permeable materials that allow for the passage of specific molecules. Under pressure, smaller oxygen molecules pass through the membrane, filtered out and collected leaving a stream of nitrogen flowing out the opposite end of the membrane. While membrane-type generators are not as common, they are considered to be more reliable because there are no moving parts that can fail.

Application Overview:

By application, the Medical segment occupied the biggest share from 2018 to 2022.

Key Companies in the global O2 Generation market covered in Chapter 3:

Air Products and Chemicals, Inc.
Atlas Copco
Oxymat
On Site Gas Systems
Sumitomo Seika Chemicals
Novair
Linde plc
PCI
Air Water Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the O2 Generation market from 2018 to 2029 is primarily split into:

PSA
Membrane

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the O2 Generation market from 2018 to 2029 covers:

Medical
Aquaculture
(Potable) Water Treatment
Mining
Ozone
Sewage Treatment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)