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

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

Pressure swing adsorption (PSA) is a technology used to separate some gas species from a mixture of gases under pressure according to the species' molecular characteristics and affinity for an adsorbent material. It operates at near-ambient temperatures and differs significantly from cryogenic distillation techniques of gas separation. Specific adsorbent materials (e.g., zeolites, activated carbon, molecular sieves, etc.) are used as a trap, preferentially adsorbing the target gas species at high pressure. The process then swings to low pressure to desorb the adsorbed material.

Market Overview:

The latest research study on the global Pressure Swing Adsorption (PSA) market finds that the global Pressure Swing Adsorption (PSA) market reached a value of USD 205.09 million in 2022. It’s expected that the market will achieve USD 253.0 million by 2028, exhibiting a CAGR of 3.56% during the forecast period.

The emergence of emerging markets

In recent years, with the development of China's metallurgy, petrochemical, coal chemical and other Chinese industries, the corresponding market demand for pressure swing adsorption equipment is also large. As an important part of gas separation equipment, pressure swing adsorption equipment has great market potential. In addition, with the development of China's household oxygen generator standards, the application of pressure swing adsorption equipment in the home will gradually receive more attention.

Continuous development of technology

The continuous development and improvement of pressure swing adsorption technology has led to the widening of the application field of pressure swing adsorption. Research is currently being carried out for PSA to capture CO2 in large quantities before geological isolation from coal-fired power plants to reduce greenhouse gas production from these plants. The continuous development of the application field and the technological advancement of pressure swing adsorption have formed a mutually reinforcing role and promoted the development of the market.

Fierce competition in the market There are currently many companies involved in the industry. Whether it is for large companies with market advantages or small businesses with small scale, as well as potential participants who are expected to enter the market, fierce market competition cannot be ignored.

Region Overview:

In 2022, the share of the Pressure Swing Adsorption (PSA) market in China stood at 26.81%.

Company Overview:

Honeywell UOP is one of the major players operating in the Pressure Swing Adsorption (PSA) market, holding a share of 12.67% in 2023.

Honeywell UOP

Honeywell UOP, formerly known as UOP LLC or Universal Oil Products, is a multinational company that develops and supplies technology for petroleum refining, natural gas processing, petrochemical production and major manufacturing.

Linde Engineering

Linde is committed to developing and optimizing natural gas processing, separation and liquefaction technologies. Industries involved include natural gas, refining, petrochemical, fertilizer, electronics and metal processing. Serving customers around the world.

Segmentation Overview:

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

Application Overview:

The market's largest segment by application is the segment Oil Refineries, with a market share of 27.53% in 2022.

Key Companies in the global Pressure Swing Adsorption (PSA) market covered in Chapter 3:

Samson AG
Xebec Adsorption Inc.
Peak Scientific
Hangzhou Tianli Air Separation Equipment Manufacturing Co., Ltd.
Cabot Corporation
Universal Industrial Gases
Honeywell UOP
Beijing Peking University Pioneer Technology Co., Ltd.
Linde Engineering
Sichuan Tongsheng Technology

In Chapter 4 and Chapter 14.2, on the basis of types, the Pressure Swing Adsorption (PSA) market from 2018 to 2029 is primarily split into:

Double Stage PSA
Rapid PSA

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pressure Swing Adsorption (PSA) market from 2018 to 2029 covers:

Production of Medical Oxygen
Oil Refineries
Production of Ammonia
Purification of Biogas
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)