A cryogenic oxygen plant is an industrial provision that creates molecular oxygen at relatively high purity. Liquid oxygen is obtained from the oxygen found naturally in air by fractional distillation in a cryogenic air separation plant. Air forces have long recognized the strategic importance of liquid oxygen, both as an oxidizer and a supply of gaseous oxygen for breathing in hospitals and high-altitude aircraft flights. The cryogenic air separation achieves high purity oxygen of more than 99.5%. The resulting high purity product can be stored as a liquid and filled into cylinders. These cylinders can even be distributed to the customer in the medical sector, welding or mixed with other gases, and used as breathing gas for diving.
MARKET SCOPE
The "Global Cryogenic Oxygen Stations Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Cryogenic oxygen stations market with detailed market segmentation by type, end use, and geography. The report provides key statistics on the market status of the leading Cryogenic oxygen stations market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global Cryogenic oxygen stations market is segmented into o2 generator capacity below 10 m?/h, 10 to 20 m?/h, 20 to 50 m?/h, above 50 m?/h.
- On the basis of end use, the market is segmented into medical industry, general industry, others.
MARKET DYNAMICS
Drivers
- Rise in the demand for low temperature operations in several industries.
- Growing healthcare industry.
- Increase in R&D investment in pharmaceutical industry
Restraints
- The cryogenic leakages and high capital investment are the major restraining factor for this market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Cryogenic oxygen stations market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Cryogenic oxygen stations market in these regions.
IMPACT OF COVID-19 ON CRYOGENIC OXYGEN STATIONS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Cryogenic oxygen stations market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Cryogenic oxygen stations market are anticipated to lucrative growth opportunities in the future with the rising demand for Cryogenic oxygen stations in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Cryogenic oxygen stations market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Chart Industries
- Cryofab
- INOX India
- Linde PLC
- Air Products
- Cryolor
- Air Water Inc.
- Wessington Cryogenics
- Super Cryogenic Systems Pvt Ltd.
- FIBA Technologies
The Insight Partner's dediCryogenic oxygen stationsed research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.