Global Pressure Swing Adsorption (PSA) Market Size Was $212 Million in 2023

Pressure Swing Adsorption (PSA), which is based on the difference in adsorption capacity of different gases on adsorbents, and achieves gas separation, purification, or purification by changing the operating pressure, is a commonly used gas separation technology. During the pressure swing adsorption process, certain components of the gas under high pressure are adsorbed by the adsorbent, while other components are adsorbed through the adsorption bed layer; Subsequently, the pressure is reduced to allow the adsorbed components to desorb, thereby achieving gas separation.
Introduction to Subdivision Types
Classified by adsorbent type:
Physical PSA: Using the principle of physical adsorption, the adsorbent and adsorbate are adsorbed through intermolecular forces, such as activated carbon, molecular sieve, etc.
Chemical PSA: Using the principle of chemical adsorption, a chemical reaction occurs between the adsorbent and the adsorbate to form chemical bonds, such as metal oxides, activated carbon fibers, etc.
Classified by operation method:
Vacuum pressure swing adsorption (VPSA): During the adsorption process, a vacuum pump is used to reduce pressure and cause the adsorbed components to desorb.
Pressure cycling pressure swing adsorption (PCSA): Gas adsorption and desorption are achieved by periodically changing the operating pressure.
Classified by gas separation purpose:
Purified PSA: mainly used to purify a certain component from mixed gases, such as natural gas purification, hydrogen recovery, etc.
Purifying PSA: mainly used to remove impurities in mixed gases, such as air separation, gas dehydration, etc.
Overview of Market Development
In recent years, the global pressure swing adsorption market has steadily grown. This is mainly due to the rapid development of global industries, energy, environmental protection, and other fields, as well as the increasing demand for efficient and environmentally friendly gas separation technologies. According to our research data, the global pressure swing adsorption market size was $212 million in 2023. In the future, with the development of the global economy and the further improvement of environmental protection awareness, the application scope of pressure swing adsorption technology will continue to expand, and the market prospects will be broad. It is expected that by 2028, the global pressure swing adsorption market size will increase to $254 million.
Analysis of Downstream Application Pattern
As an efficient, energy-saving, and environmentally friendly gas separation technology, pressure swing adsorption has a wide range of applications in fields such as oil refining, medical oxygen production, ammonia production, and biogas purification. Among them, the oil refining field is the largest downstream application market, with an application share of 27.49% in 2023.

Global Pressure Swing Adsorption (PSA) Market Size Forecast and Market Share by Application in 2023  

Global Pressure Swing Adsorption (PSA) Market Size Forecast and Market Share by Application in 2023

Source: www.globalmarketmonitor.com
Market Analysis of Major Regions/Countries
Currently, North America, Europe, and the Asia Pacific region are the main development regions for the global pressure swing adsorption market. Among them, the Asia Pacific region is the largest revenue market, with a market share of over 45%; The North American and European markets are also relatively mature. In 2023, the revenue of the pressure swing adsorption market in the two regions was $50.36 million and $40.96 million, with market shares of 23.73% and 19.80%, respectively.
From a national perspective, China is the world's largest revenue-generating country for pressure swing adsorption. According to the data, the revenue of China's pressure swing adsorption market in 2023 was $57.07 million, with a market share of 26.89%. In addition, the development potential of the Japanese and Indian markets should not be underestimated.

Global Pressure Swing Adsorption (PSA) Market Revenue and Share by Region/Country in 2023

Regions/Countries

Market Revenue (Million USD)

Share

US

50.36

23.73%

Europe

40.96

19.80%

China

57.07

26.89%

Japan

9.27

4.37%

India

16.32

7.69%

Southeast Asia

11.84

5.58%

Latin America

7.24

3.41%

Source: www.globalmarketmonitor.com

For more industry information, please refer to our latest released "2023 Global Pressure Swing Adsorption (PSA) Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".

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