Global Pressure Swing Adsorption Oxygen Generator Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pressure Swing Adsorption Oxygen Generator Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pressure Swing Adsorption (PSA) is the most commonly used non-cryogenic oxygen production process. The process operates by using two columns filled with adsorbent, a molecular sieve called Zeolite. Pre-treated compressed air enters the first column and follows up through the Zeolite. Nitrogen and some other gases are being trapped while the oxygen is allowed to flow through. When the active column is saturated, the air flow is directed to second column. The first column depressurizes allowing nitrogen to be purged out to the atmosphere and completely regenerates. The process is repeated continuously, when one column is productive, the other regenerates and at the end of each cycle they switch roles. The generator produces constant flow of purified oxygen.

Market Overview:

The latest research study on the global Pressure Swing Adsorption Oxygen Generator market finds that the global Pressure Swing Adsorption Oxygen Generator market reached a value of USD 3317.8 million in 2022. It’s expected that the market will achieve USD 4980.6 million by 2028, exhibiting a CAGR of 7.01% during the forecast period.

Short-term Impact

Affect the normal operation of PSA Oxygen Generator industry
The raging COVID-19 has plunged the global economic environment into depression. The influence of COVID-19 on PSA Oxygen Generator industry will involve all major links and entities in the industrial chain. The management efficiency of the company declined, commuting was hindered, production plans were hindered, and the company's development strategy and marketing methods were forced to adjust. In addition, during the COVID-19 period, the logistics speed slowed down or even stopped, and the supply of raw materials for PSA Oxygen Generator production was tight. The company's production is limited to some extent, and the production of related enterprises in the hardest hit areas is greatly affected.
Affect product export
COVID-19 epidemic has swept the world, and the inspection standards of imported products by customs of various countries have been significantly improved. At the same time, restrictions on the movement of people have also increased. Restricting people's entry and exit will lead to the sales staff of export enterprises unable to attend foreign exhibitions. There is a risk of decreasing the order quantity of enterprises. In areas with severe epidemic situation, some employees of enterprises can't go to work due to epidemic situation, which may cause product production stagnation or delayed completion. The shortage of personnel leads to the long-term overload of on-the-job personnel at present, which puts great pressure on the safe and stable operation of enterprises.

Long-term Impact

The COVID-19 epidemic has brought great pressure on the labor force, infrastructure and supply chain of the global medical industry, and exposed the problem of unequal social medical resources. At the same time, it accelerates the change of industry ecosystem, forcing public and private medical systems to adapt and innovate. People's awareness of health is also rising. It is expected that in the post-epidemic period, the medical industry will strengthen the hospital's ability to deal with sudden outbreaks, promote the construction of ICU wards, increase the allocation of related medical equipment, and meet the hospital's emergency response ability and patient transportation. The pressure swing adsorption oxygen generator industry is expected to benefit from this. In addition, the epidemic situation accelerated the penetration of pressure swing adsorption oxygen generator products into the market, the demand for home applications is increasing.
With the gradual implementation of epidemic prevention and control measures and the promotion of vaccines, production and supply chains have gradually returned to order. The sustained recovery of the world economy has supported the demand and production of steel and other industries, and driven the recovery and development of PSA Oxygen Generator demand in the industrial sector.

Intense market competition

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made.
PSA Oxygen Generator industry is developing continuously, and the market competition is intensified with good development prospects. It poses some challenges to the product quality, sales channels and after-sales guarantee of PSA Oxygen Generator.
In the future market competition, if manufacturers fail to surpass their competitors in terms of product quality and R&D strength, they will be unable to maintain their existing competitive position in the PSA Oxygen Generator market and lose their original market share, and there will be a risk that the operating performance of manufacturers will decline.

VSA vs PSA

PSA technology is a relatively expensive way to get your Oxygen compared to VSA technology. VSA is short for Vacuum Swing Adsorption and PSA is short for Pressure Swing Adsorption. VSA uses a blower and a vacuum pump to separate the atmospheric air, whereas PSA uses 4 to 10 bar compressed air to do the air separation process. PSA technology must compress 10 times more air than the amount of oxygen it produces. VSA only compresses the oxygen, meaning 10 times less. To put all this into numbers, VSA will use approximately 400 watts to produce 1 kg of 90% pure oxygen at 8 bar oxygen pressure and PSA will use approximately 900 watts to produce 1 kg of 90% oxygen at 4 bars. Therefore, some enterprises that need low OPEX and quick return on investment may choose vacuum swing adsorption (VSA) process.

Raw material price fluctuation

Raw materials are an important part of pressure swing adsorption oxygen generator industry, accounting for most of the production cost. Generally speaking, the quality of raw materials directly affects the quality of pressure swing adsorption oxygen generator. The market price of various metal and electronic component raw materials has been rising continuously nearly two years. Most pressure swing adsorption oxygen generator manufacturers are facing the pressure of rising raw material costs, which brings a lot of troubles to their business operations. The price change of raw materials has a certain degree of impact on the company's product sales price, capital plan, material turnover and other production, operation and profit rate, and brings uncertainty risks to the company's profit situation.

Region Overview:

In global comparison, a significant portion of the revenue was generated in America (52.27% in 2022).

Company Overview:

Philips is one of the major players operating in the Pressure Swing Adsorption Oxygen Generator market, holding a share of 9.03% in 2023.

Philips

Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care.

Inogen

Inogen provides innovative and efficacious respiratory products for use in the home care setting to improve the health, well-being and independence of patients. Inogen is committed to understanding and meeting customer needs, providing reliable and quality products, sustaining an effective quality system and maintaining regulatory compliance.

Segmentation Overview:

By type, Small PSA Oxygen Generator segment accounted for the largest share of market in 2022.

Small PSA Oxygen Generator

Small PSA Oxygen Generator is usually used in hospitals, clinics, home care and other medical fields to produce oxygen.

Large PSA Oxygen Generator

The Large PSA Oxygen Generator is mainly used in cutting, welding, metal manufacturing, glass production and other industrial fields. A few Large PSA Oxygen Generator are also used for medical on-site oxygen generation.

Application Overview:

The market's largest segment by application is the segment Medical Oxygen, with a market share of 79.99% in 2022.

Medical Oxygen

Medical oxygen is the oxygen for clinical use, which is mainly used to prevent and treat patients' hypoxia, such as respiratory muscle paralysis, drowning and shock caused by carbon monoxide. Medical oxygen has high purity, colorless, tasteless and no harmful impurities.

Steel Oxygen

Industrial Oxygen is typically a type of oxygen used in industrial settings, like manufacturing plants, for tasks that may include combustion, oxidation and even to help accelerate certain chemical reactions. Industrial oxygen is not intended to be inhaled like medical oxygen is, but rather serves a complementary role to create the actions that are carried out in these facilities. Steelmaking, for instance, is one of the largest users of industrial oxygen.
Basic oxygen process (BOP), a steelmaking method in which pure oxygen is blown into a bath of molten blast-furnace iron and scrap. The oxygen initiates a series of intensively exothermic (heat-releasing) reactions, including the oxidation of such impurities as carbon, silicon, phosphorus, and manganese.

Key Companies in the global Pressure Swing Adsorption Oxygen Generator market covered in Chapter 3:

Beijing Shenlu
Teijin Pharma
O2 Concepts
NGK Spark Plug
Resmed
Air Liquide
Linde
Oxymat A/S
Novair Medical
Inogen
Atlas Copco
Inmatec
Philips
Invacare
Delta P
DeVilbiss Healthcare
Yuyue Medical

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

Small PSA Oxygen Generator
Large PSA Oxygen Generator

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

Medical Oxygen
Steel Oxygen
Other Industrial Oxygen

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)