Air Separation Unit (ASU) Market
Air Separation Unit (ASU) Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0277
Segments Covered
By
Type Cryogenic Distillation, Non-cryogenic Distillation
-
By
Application Oil and Gas Industry, Steel Industry, Chemical Industry, Metallurgy industry, Others
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
3805.09 Million |
 Revenue 2028:
|
5633.71 Million |
 Revenue CAGR
(2021 - 2028): |
5.03 |
Fastest Growing Region (2022 -
2028)
|
Europe |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the
market based on various segments such as Type, Application,
and Region. All the segments are studied considering historical and future
trends across geographies. All the segments are analyzed based on trends,
market size, and forecast, and the data is provided for the years 2016–2028.
Several growth factors and opportunities impacting various segments have been
incorporated in the report. On the basis of Type,
the market is divided into Cryogenic Distillation, Non-cryogenic Distillation. Co2 held the largest
share in 2020 and is projected to grow at a noteworthy CAGR within the forecast
period.
Based on Application,
the market is divided into Oil and Gas Industry, Steel Industry, Chemical Industry, Metallurgy industry, Others. Oil & Gas attributed to
the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Air Separation Unit (ASU) Market: Type Segment Analysis
-
- Cryogenic Distillation
- Non-cryogenic Distillation
Global Air Separation Unit (ASU) Market: Application Segment Analysis
-
- Oil and Gas Industry
- Steel Industry
- Chemical Industry
- Metallurgy industry
- Others
FAQ
Frequently Asked Question
What is the global demand for Air Separation Unit (ASU) in terms of revenue?
-
The global Air Separation Unit (ASU) valued at 3805.09 Million in 2020 and is expected to reach 5633.71 Million in 2028 growing at a CAGR of 5.03%.
Which are the prominent players in the market?
-
The prominent players in the market are Ranch Cryogenics Inc., Praxair Inc., Universal Industrial Gases Inc., Enerflex Ltd, Taiyo Nippon Sanso Corporation, Air Liquide S.A., Air Products and Chemicals Inc., Linde AG, Messer Group GmbH, Boschi Universal..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.03% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Air Separation Unit (ASU) include
- The growing adoption of artificial lifts for the generation of oil from wells and uses of pumps in water and wastewater transport is anticipated to augment the growth of the air separation unit (ASU) market over the forecast period.
- The increasing requirement for the growth and development of infrastructure, capacities, better restoration of plants is further expected to fuel the growth of the market in the years to come.
Which region accounted for the largest share in the market?
-
Europe was the leading regional segment of the Air Separation Unit (ASU) in 2020.
