The Oxygen Global Market Report 2020-30 by The Business Research Company describes and explains the global oxygen market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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Trends in the market include:
Many oxygen manufacturers are adopting IoT
(Internet of Things) technologies to connect equipments’ and smart devices to
garner real time insights and locate gaps in the manufacturing process. The
data obtained is processed, analyzed and interpreted by plant managers and
senior level management to improve quality and achieve optimum production
levels. For example, smart systems give information on the working condition
and performance of chemical reactors with embedded software and analytics tools
to notify plant operators and managers on possible machine breakdowns. For
instance, some of the major companies adopting IoT include Linde Gases and Air
Liquide.
Oxygen gas manufacturers are adopting
advanced manufacturing technologies to increase production and meet delivery
challenges. Customized multi-train air separation projects can present a number
of design and delivery challenges, particularly in remote locations. For
instance, Linde’s customized air separation plants are individually designed to
deliver the gases in the purities and volumes needed by the company’s
customers, and Linde have built such plants even in remote and extremely harsh
environments. The company has built 4,000 air separation plants across the
globe and many of them are customized that meet customer-specific demands and
each plant has oxygen producing capacity of 1,000 tonnes to 5,500 tonnes.
The market is segmented:
By Oxygen Type -
a) Medical Oxygen
b) Industrial Oxygen
c) Others
By Application -
a) Mineral Processing
b) Automobiles
c) Healthcare
d) Cosmetics
e) Mining
f) Pharmaceuticals
g) Others
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