PSA Oxygen Generator Market Size, Share, Growth, and Industry Analysis, By Type (Small PSA Oxygen Generator, Big PSA Oxygen Generator and others), By Application (industrial oxygen, Medical Oxygen and others) Regional Forecast To 2031

Updated On: 08 April 2024

PSA Oxygen Generator Market Report Overview

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The global PSA Oxygen Generator market size was USD 2.49512 billion in 2021. As per our research, the market is expected to reach USD 13.37 billion in 2031, exhibiting a CAGR of 16.66% during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with PSA Oxygen Generator market experiencing higher-than-anticipated demand across all regions, also during the pre-pandemic levels.  The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

With one difference, the PSA Oxygen Generator operates similarly to our PSA Nitrogen Generators. For an oxygen PSA, the absorption media inside the vessel is a substance known as zeolite, while for a nitrogen PSA, the substance is known as CMS (Carbon Molecular Sieve). One of the absorption towers is fed compressed air in both scenarios. The Nitrogen in the Air is absorbed into the Zeolite surface in the case of an oxygen generator, and the oxygen exits the vessel at the necessary purity. The compressed air is moved to the other vessel, which is now doing the absorption while the other vessel is being regenerated, once the zeolite absorption material has become saturated with nitrogen.

The PSA technology's (pressure swing adsorption) method is a very clean one. The sole "raw material" is air. You can rely on a steady supply of oxygen with an OXYMAT on-site PSA oxygen plant. This implies that you have the freedom to manufacture oxygen whenever you want, wherever you want, and in whatever quantity and quality you want. No more awaiting supplies from outside vendors or overpaying for your O2. It is less expensive to produce O2 using the PSA method. For your application, it provides the greatest industrial oxygen pricing. To give you a constant flow of oxygen, the PSA procedure is repeatedly performed. They are capable of producing 92–95% pure oxygen.

COVID-19 Impact: increasing number of patients Causes Market expansion

Prior to COVID-19, oxygen was infrequently available outside of private hospitals or capital cities in low- and middle-income countries. This gap became a crisis as a result of the pandemic. Medical professionals were compelled to decide which patients would receive the limited oxygen supplies available due to overburdened healthcare infrastructures. The container for the oxygen plant. Within days after arriving at a healthcare facility, the package includes everything required to set up and run a fully operational pressure swing adsorption (PSA) oxygen plant. In addition, the outbreak has a positive impact on the business operations of the enterprises, which affects the market as a whole. The PSA Oxygen Generator market has been somewhat impacted by this.

LATEST TRENDS

" Adoption of new technologies in the hospitals to Boost the Market Growth"

Hospitals all over the world are looking for on-site oxygen generation and have already made the switch to producing their own medical oxygen on-site to reduce dependence on oxygen cylinders from outside. Medical oxygen generators are a cost-efficient, dependable, and secure alternative to conventional oxygen gas supplies like cylinders or cryogenic liquid. They manufacture gaseous oxygen from compressed air on location. Thus, a key trend that is opening up potential for the industry to grow is the adoption of new technologies in hospitals. These new developments are mostly to blame for the market's overall growth.

PSA Oxygen Generator Market Segmentation

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• By Type

Based on type, the market is classified into Small PSA Oxygen Generator, Big PSA Oxygen Generator and others.

• By Application

Based on application, the market is categorised into industrial oxygen, Medical Oxygen and others.

DRIVING FACTORS

"Oxygen being an important essential in health care that Gives the Market Extra boost "

All layers of the healthcare system need oxygen, which should only be administered to patients in high-grade, medical-grade oxygen. Medical-grade oxygen is produced in pressure swing adsorption (PSA) oxygen generation facilities. This document outlines the technical parameters that a PSA Oxygen generator must adhere to in order to be used for the delivery of medical-grade oxygen. As a result, industry growth will be aided during the forecast period by the growing dependence on products. As a result, the growth, and the increasing advance technologies will boost the market. It will contribute to the expansion of the machinery and equipment industry and it will improve the overall PSA Oxygen generator market growth.

"Increasing industrial use of the product to Encourage Market Expansion"

Flows between 1 and 200 nm3/hr are suitable for SA oxygen generators. We prefer PSA oxygen generators for greater flows. They can readily produce oxygen that is up to 95% pure, with the remaining portion being primarily a mixture of inert gases like nitrogen and argon. While many applications, including water filtration and furnace enrichment, are acceptable for this purity. The majority of applications are suited for our product since they can deliver oxygen directly at 5 kg/cm2g pressure without the need for an additional booster. We offer an additional booster if the client procedure or storage calls for a higher pressure. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, the increasing industrial use of the product will help the market to boost.

RESTRAINING FACTORS

"Accidental factors caused by the product to Impede Market Expansion"

Although oxygen is not a flammable gas, it supports burning with ease. All substances that catch fire in the air will burn ferociously when exposed to oxygen. When mixed with oxygen, some fuels, such as oil and grease, burn violently and nearly explosively. Fissured cylinders can be forcefully projected. Oxides are created when all elements, excluding inert gases, directly combine with oxygen. The compress oxygen containers should be marked with the appropriate international symbols and indications for danger management. This poses a significant obstacle to market growth during the projection period. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away

PSA Oxygen Generator Market Regional Insights

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"North America Dominating the Market Across the Globe"

The market for PSA Oxygen Generators in United States has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the PSA Oxygen Generator market share is the growing demand of product in industrial oxygen, Medical Oxygen industry is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market. 

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

The analysis covers data on market participants and their positions within the industry. Through appropriate research, mergers, technological development, expanding production facilities, and collaboration, data is being gathered and made available. Information on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more is provided in the study on materials. 

List of Market Players Profiled

• Oxymat A/S (Europe)
• Inogen (U.S.)
• Beijing Shenlu (Europe)
• Invacare (U.S.)
• Inmatec (India)
• Delta P (Italy)
• Teijin Pharma (Japan)
• Yuyue Medical (China)
• NGK Spark Plug (Japan)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost PSA Oxygen Generator market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.