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The global Oxygen Generator Market is estimated to witness a rise in revenue from US$ 1,619.8 Mn in 2021 to US$ 2,545 Mn by 2030. The market is registering a CAGR of 5.1% during the forecast period 2022-2030. In terms of volume, the market is registering a CAGR of 4.6% during the forecast period. An oxygen generator is a device that uses pressure swing adsorption, a type of selective adsorptive technique to separate oxygen from compressed air (PSA). Oxygen generator generates oxygen from the air, draws in ambient air before compressing and purifying it, removing nitrogen and other trace gases and contaminants. The machine subsequently produces concentrated oxygen for various applications depending on its usage. Oxygen generator usually refers to larger systems or systems intended for industrial use and are utilized for large-scale breathing systems such as those used in submarines. Oxygen generators are also used in industrial contexts like fish farms, gold mines, manufacturing companies, and even wastewater treatment plants.
The major factors responsible for the growth of the oxygen generator market include the government initiatives to manage respiratory disorders and COVID-19 and the rising use of oxygen generators in various industries. The COVID-19 outbreak has directly impacted the medical oxygen generators market, as the oxygen demand was amplified across the globe. Moreover, oxygen generators are employed in a variety of industries including gold mines, healthcare, wastewater treatment plants, aquaculture, aerospace, steel industry, welding, and others which will increase the demand for oxygen generators and fuel the oxygen generators market’s growth across the globe. Furthermore, mounting demand for portable oxygen generators will create lucrative growth opportunities for the oxygen generator market during the forecast period. However, the high cost of medical oxygen generators restricts the market growth over the forecast period.
The study of the global oxygen generator market considers various market determinants, industry value chain analysis, and competitor analysis of the market. The report discusses the analysis of the oxygen generator industry for the period 2017-2030, where the base year is 2021 and the forecast period is 2022-2030. The report provides a detailed analysis of the Global Oxygen Generator Market across 15 Chapters and 236 pages. The report includes data presentation across 65 tables and 83 statistical figures.
The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein the bargaining power of buyers and competitive rivalry is high.
The subsequent section provides details of the market analysis based on different segments such as type, form, technology, applications, and region. The report includes a detailed study of the value chain of the industry. It includes raw material suppliers, oxygen generator manufacturers, distributors/market intermediaries, and end-users. The report also covers extensively the key competitors in the market for oxygen generator market.
COVID-19 impact on Global Oxygen Generator Market
The global oxygen generator market is estimated to witness a major increase of approx. 6.6% in 2021, in the recent outbreak of the COVID-19 pandemic. Keeping up with the present changing challenging condition, the market situation of oxygen generators is being increased and has forced the government authorities and key manufacturers to enhance and increase their manufacturing processes and investment in such manufacturing plants, to help patients across the world from the novel coronavirus disease i.e., COVID-19. Furthermore, the increasing geriatric population across the globe, increasing government and corporate investments in healthcare projects and infrastructure development boosts the market growth. This ongoing pandemic further increased the demand and supply of oxygen generators throughout the country, increased by the certain allowances on trade and investment by government bodies. This often increases the adoption of an oxygen generator and therefore, encourages the market growth further.
Key Takeaways from the Global Oxygen Generator Market Report
The 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, Inogen Inc, Invacare Inc., Nidek medical Inc., NGK spark plug, Koninklijke Philips N.V. and Teijin Ltd. among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip on the emerging markets. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Global Oxygen Generator Market is segmented based on type, form, technology, applications, and region. The industry trends in the global oxygen generator market are sub-divided into different categories in order to get a holistic view of the global marketplace. Following are the different segments of the Global Oxygen Generator Market:
By Type segment of the Global Oxygen Generator Market is sub-segmented into:
By Form segment of the Global Oxygen Generator Market is sub-segmented into:
By Technology segment of the Global Oxygen Generator Market is sub-segmented into:
By Applications segment of the Global Oxygen Generator Market is sub-segmented into:
By Region segment of the Global Oxygen Generator Market is sub-segmented into:
|Market Size Value in 2022||US$ 1,619.8 Mn|
|Expected Revenue in 2030||US$ 2,545 Mn|
|Unit||Value (USD Mn)|
|Segments covered||By type, form, technology, applications, and Region|
|Leading players||Atlas Copco, Beijing Shenlu Medical Device Co., Ltd., CAIRE Inc., Drive DeVilbiss Healthcare, and other prominent players.|
|Customization Scope||Get your customized report as per your preference. Ask for customization|
An oxygen generator is a device that uses pressure swing adsorption, a type of selective adsorptive technique to separate oxygen from compressed air (PSA). Also, they extract oxygen from the air so that it can be delivered straight into industrial operations or stored in pressure tanks in real-time.
Oxygen generators are employed in a variety of industries including gold mine, healthcare, wastewater treatment plants, aquaculture, aerospace, steel industry, welding, glass blowing, paper and pulp manufacturing and others.
The global oxygen generator market is studied from 2017 to 2030.
The growth rate of the global oxygen generator market is 5.1%, with an estimated value of US$ 2,545 Million by 2030.
North America held the major share in terms of revenue, in the global oxygen generator market in 2021.
Factors such as government initiatives to manage respiratory disorders and COVID-19 and rising use of oxygen generators in various industries drives the growth in the global oxygen generator market.
With today’s cutting-edge technology, oxygen generator can be designed to be lightweight, free of noise and energy efficient, which increase their proliferation for home-use.
High cost of medical oxygen generator is a restraining factor which inhibits the growth of the market during the forecast period.
Type, form, technology, applications and region are the different segments of the global oxygen generator market.
Based on technology segment, the oxygen generator market is bifurcated into pulse flow and continuous flow.
US holds the major share in terms of revenue in the North America oxygen generator market in 2021.
The key players operating in the market include Atlas Copco, Beijing Shenlu Medical Device Co Ltd., Foshan Care Medical Technology Co Ltd, GCE Group, Inogen Inc, Invacare Inc., Nidek medical Inc., NGK spark plug, Koninklijke Philips N.V. and Teijin Ltd among others.