Emerging Trends for Worldwide Air Separation Unit (ASU) Industry Market (2019-2026): Business Strategy, Opportunity, Segmentation, Competitive Landscape and Regional Analysis

Description:

The global Air Separation Unit (ASU) market is estimated to be USD xxxx million in 2019 and is expected to reach USD xxxx million by 2026, with a CAGR of xxxx% during the forecast period.

Air Separation Unit (ASU) separates atmospheric air into its primary components, typically nitrogen and oxygen, and sometimes also argon and other rare inert gases. Cryogenic air separation units (ASU) are built to provide nitrogen or oxygen and often co-produce argon.

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Key Players:

Key players in the Air Separation Unit (ASU) market include Air Liquide S.A., Universal Industrial Gases Inc., Taiyo Nippon Sanso Corporation, Air Products and Chemicals, Inc., Enerflex Ltd, Praxair, Inc., Linde AG, Boschi Universal, Messer Group GmbH, Ranch Cryogenics Inc., etc.

Market Driver and Restraint

The study highlights the global Air Separation Unit (ASU) market is primarily driven by end-users from different sectors, especially in industrial application, which has upsurge demand for industrial gases such as argon, oxygen, nitrogen, others. Further, other factors are stimulating the market development as well, for instance, the advancing technologies in distillation and filtration capabilities, the improved purity level of such gases, etc.

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Forecast by Geography

Geographically, the global market can be bifurcated into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. APEC currently dominates the most favorable position in global areas, that is ascribed to the increasing demand for application in iron, steel, oil, gas, and chemical segment. Meanwhile, the market in North America will achieve notable growth as a result of the more preferable regulations on the environment sector, and also owing to the growing clean technology initiatives by certain agencies to curb contamination in the region.

Type Segment

•     Cryogenic Distillation

•     Non-cryogenic Distillation

Application Segment

Air Separation Unit (ASU) is deployed by various end-user verticals: Oil and Gas Industry, Steel Industry, Chemical Industry, Metallurgy industry, Others.

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Target Audience:

•     Air Separation Unit (ASU) equipment manufacturers

•     Raw material and component suppliers of Air Separation Unit (ASU) devices

•     Downstream vendors and end-users of Air Separation Unit (ASU) hardware

•     Distributors and resellers of Air Separation Unit (ASU) equipment

•     Energy/ Biology/ Eco & Environment industry associations

•     Product managers, Air industry administrator, C-level executives of the industries

•     Market Research and consulting firms/ Government agencies

Ÿ   Base Year: 2018

Ÿ   Estimated Year: 2019

Ÿ   Forecast Period: 2019 to 2026

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