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Written by Harsh » Updated on: November 06th, 2024
According to the Market Statsville Group (MSG), the global oxygen generator market size is expected to grow from USD 1,375.06 million in 2022 to USD 2,208.14 million by 2033, growing at a CAGR of 4.4% from 2023 to 2033. Modern healthcare services are crucial for human health because they play a major part in molding the economy of a nation and, ultimately, the world. Oxygen is essential to human existence and is employed in a variety of other purposes. Many individuals are being inconvenienced by the tremendous population expansion and lack of health care in developing countries. As a result, the local government, in collaboration with foreign organizations, is trying to improve health services by constructing new hospitals and renovating current health care facilities. Oxygen generators are commonly used in hospitals and clinics for oxygen treatment to not only boost oxygen levels in the patient's blood but also to reduce resistance to blood flow, so reducing the stress on the heart. Moreover, oxygen is employed in waste and water treatment, gas welding, chemical and pharmaceutical plants, and a variety of manufacturing units. Massive population increase, growing healthcare spending, and the development of manufacturing units are expected to fuel the rise of the oxygen generator.
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Global Oxygen Generator Market Dynamics
Drivers: Rising use of oxygen generators in various industries
Oxygen generators take oxygen from the air and distribute it directly into industrial processes or store it in pressure tanks in real time. Oxygen generators are used in a range of sectors, including gold mining, healthcare, wastewater treatment plants, aquaculture, aerospace, steel industry, welding, glass blowing, paper and pulp production, and others, which will drive the global need for oxygen generators.
For instance, Oxygen generators are deployed in wastewater treatment plants to supply sufficient oxygen to the bacteria enabling the bio-degradation process to take place. During the process, if extra oxygen is provided, the bacteria break down the sludge faster into CO2 and water. The demand for the treatment of wastewater is rising globally and many countries actively installing treatment plants to treat the water and to reduce water scarcity and related issues, which as a result, drive the growth of the oxygen generators market during the forecasting period.
Scope of the Global Oxygen Generator Market
The study categorizes the oxygen generator market based on type, form, technology and application area at the regional and global levels.
By Type Outlook (Sales, USD Million, 2019-2033)
Small PSA Oxygen Generator
Large PSA Oxygen Generator
By Form Outlook (Sales, USD Million, 2019-2033)
Portable Oxygen Generators
Stationary Oxygen Generators
By Technology Outlook (Sales, USD Million, 2019-2033)
Pulse Flow
Continuous Flow
By Application Outlook (Sales, USD Million, 2019-2033)
Home- Use Oxygen
Industrial Oxygen
Sewage and Wastewater treatment
Steel Industry
Gold Mining
Welding
Pulp and Paper Manufacturing
Glass Blowing
Fish farms & Aquaculture
By Region Outlook (Sales, USD Million, 2019-2033)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
The Netherlands
Norway
Czech Republic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
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Stationary Oxygen Generators segment accounts for the largest market share by form
Based on the form, the market is divided into portable oxygen generators and stationary oxygen generators. The stationary oxygen generators segment is expected to dominate the market share in 2022 in the global oxygen generator market. A stationary oxygen generator is projected to account for substantial market share owing to the growing healthcare sector. Several technologies, such as cryogenic separation, pressure swing adsorption, and membrane technology, can be used to create oxygen. Because of its high oxygen generation capability, pressure swing adsorption is a commonly employed technique. Stationary oxygen concentrators have higher oxygen output and lower prices. Portable oxygen concentrators offer smaller sizes and less weight and greater flexibility with power sources.
North America is expected to witness the largest market share by Region
Based on the regions, the global oxygen generator market has been segmented across Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. North America is projected to account for the highest market share in 2022. The construction of new hospitals, health care facilities, and wastewater treatment plants in North America has resulted in significant expansion for oxygen generators. Oxygen is widely utilized in medicines, brazing, gas welding, and jeweler manufacture, and the need for oxygen generator systems in North America is predicted to increase. European nations are spending heavily in healthcare services in order to give more accessible and better access to hospitals and clinics. The ageing population in most European countries has exacerbated the health problems of older individuals. As a result, many residential or private hospitals or clinics are building an oxygen generator system, which might provide the industry with multifold development.
Competitive Landscape: Global Oxygen Generator Market
The oxygen generator market is a significant competitor, and extremely cutthroat in the sector are using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.
Major key players in the global oxygen generator market are:
Atlas Copco
Beijing Shenlu Medical Device Co., Ltd.
CAIRE Inc.
Drive DeVilbiss Healthcare
Foshan Care Medical Technology Co., Ltd
GCE Group
INMATEC GaseTechnologie GmbH & Co. KG
Inogen Inc.
Invacare Inc.
Nidek Medical Inc.
NGK Spark Plug
Novair Medical
O2 CONCEPTS, LLC
Oxymat A/S
Koninklijke Philips N.V.
Precision Medical Inc.
ResMed
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