Oxygen Generator Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Market Scenario

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. 

Report Summary

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

• Based on type, the small PSA oxygen generator segment is estimated to have the highest market share in 2021 owing to its low operation cost, less power consumption, and no excess gas produced. Whereas, the large PSA oxygen generator segment is expected to project the highest CAGR in the oxygen generator market in 2021.
• On the basis of form, the portable oxygen generators segment contributed the major share in the global oxygen generator market in 2021 due to its adoption by travelers for its compact size, lightweight, higher oxygen capacity, and better mobility. Also, the portable oxygen generators are expected to project the highest CAGR during the forecast period.
• In terms of technology, the pulse flow segment contributed the major share in the global oxygen generator market in 2021 owing to its work with patient breathing needs as they detect when patients are about to inhale and deliver a bolus (pulse dosage) of oxygen at the start of breath. Moreover, the continuous flow segment is expected to project the highest CAGR in the market over the forecast period owing to the rise in lifestyle habits, such as smoking & consumption of alcohol, and an increase in the geriatric population which is expected to boost the market growth.
• Based on applications, the home-use oxygen segment contributed the major share in the global oxygen generator market in 2021. Whereas the industrial oxygen segment is projected to grow at the highest CAGR during the forecast period.
• By region, North America is dominating region in the oxygen generator market in 2021 owing to rising respiratory diseases and favorable reimbursement policies. Whereas the Asia Pacific oxygen generator market is growing at the highest CAGR during the forecast period.

Competitive Landscape

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.

Segmentation Overview 

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:

• Small PSA Oxygen Generator
• Large PSA Oxygen Generator

By Form segment of the Global Oxygen Generator Market is sub-segmented into:

• Portable Oxygen Generators
• Stationary Oxygen Generators

By Technology segment of the Global Oxygen Generator Market is sub-segmented into:

• Pulse Flow
• Continuous Flow

By Applications segment of the Global Oxygen Generator Market is sub-segmented into:

• 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 segment of the Global Oxygen Generator Market is sub-segmented into:

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Argentina
  • Brazil
  • Rest of South America