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Pressure Swing Adsorption (PSA) Market Size, Forecast [2031]

Pressure Swing Adsorption (PSA) Market

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Segments - by Type (Double Stage PSA and Rapid PSA), By Application (Hydrogen Recovery and Purification, Oxygen Generation, Nitrogen Generation, Oil Refineries, Production of Ammonia, Semiconductor Plasma Process, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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265 Pages

22-01-2022
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Author :

Raksha Sharma

Fact-checked by :

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Editor :

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Report Description

Pressure Swing Adsorption Market Outlook

The global Pressure Swing Adsorption (PSA) market size was valued at USD 17,678.6 Million in 2020 and is projected to reach USD 29,117.1 Million by 2028, expanding at a CAGR of 6.6% during the forecast period, 2021-2028. Pressure Swing Adsorption (PSA) is a separation method that involves forcing gas from one column into another using pressure.

As it flows back and forth between vessels with various pressures, the adsorbent material in the absorber vessel passes through two separate pressure cycles such as high-pressure and low-pressure stages. The growth of the market is attributed to the growing demand for high purity gases in a variety of industries, including the chemical manufacturing industry, glass industry, and oil refineries.

Scope of Pressure Swing Adsorption Market

The report on the Global Pressure Swing Adsorption (PSA) Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Pressure Swing Adsorption (PSA) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Type (Double Stage PSA, Rapid PSA), Application (Hydrogen Recovery and Purification, Oxygen Generation, Nitrogen Generation, Oil Refineries, Production of Ammonia, Semiconductor Plasma Process, Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered	Xebec Adsorption Inc., Linde plc, Honeywell International Inc., SAMSON AG, Cabot Corporation, Mitsubishi Kakoki Kaisha, Ltd., Air Liquide, Peak Scientific Instruments., Universal Industrial Gases, Inc., NOVAIR INDUSTRIES, Hangzhou Tianli Air Separation Equipment Manufacturing Co., Ltd, PKU PIONEER, Cotting Industries, Inc., The Titus Company, GENERON, Toyo-Korea, Oxair, Oreco, WAGNER Group GmbH, and OXYMAT

Pressure Swing Adsorption Market Dynamics

Major Drivers

Growing Demand for High Purity Gases

PSA technology is used to separate the different gaseous components present in the gaseous mixture. Rise in the requirement for pure gases in different industries such as medical, petrochemicals, food & beverages, and chemical manufacturing, which is fueling the market.

This technology is used to extract pure nitrogen and oxygen gases from mixtures. Increase in disposable income and industrialization propel the demand of utility gases, which are essential in goods fabrication. Rising demand for high purity gases across the globe is anticipated to fuel the market.

Low Maintenance Costs

The pressure swing adsorption companies require less maintenance cost to operate. PSA is a cost-effective solution, by which industrial gases are collected. It saves time and investment of manufacturers, which in turn drives the market.

Equipment consumes less energy, if maintained regularly, which leads to the entry of new entrants and rise in revenue of manufacturers. Thus driving the market during the forecast period.

Existing Restraints

High Gas Loss during Desorption

High gas loss resulting from the pressure release during desorption impedes the market. Furthermore, other techniques available, such as membrane process and cryogenics process, are suitable for large-scale production of gases of high purity. Maximum inlet air pressure for PSA is lesser than that of membrane inlet pressure. These factors are expected to hamper the market in the coming years.

High Level of Electricity to Achieve High Pressure

High electricity requirement to achieve high pressure restrains the market. To create high pressure during the process of segregation of different gas components from gaseous mixture requires high operational cost, which is projected to hamper the market during the forecast period.

Consumption of high voltage of electricity increases operational costs, as high pressure is required to generate pure gases, which hinders the pressure swing adsorption market.

Pressure Swing Adsorption (PSA) Market Segment Insights

Type Segment Analysis

Based on type, the global Pressure Swing Adsorption (PSA) market is segmented into double stage PSA and rapid PSA. The Rapid PSA is expected to hold a substantial market share during the forecast, due to growing investment in various countries such as the US, the UK, China, and India.

For instance, the US Department of Energy’s (DOE’s) Office of Fossil Energy plto invest USD4 million in four national lab-led R&D programs to find novel concepts and technologies for manufacturing oxygen.

Application Segment Analysis

In terms of applications, the global Pressure Swing Adsorption (PSA) market is segregated into Hydrogen recovery and purification, oxygen generation, nitrogen generation, oil refineries, production of ammonia, semiconductor plasma process, and others.

The oxygen generation segment is projected to expand at a significant CAGR during the forecast period, due to the growing adoption of pressure swing adsorption by the healthcare industry for managing their daily medical oxygen requirement.

For instance, according to the World Health Organization, oxygen is a life-saving drug that cannot be substituted. Respiratory disorders such as COVID-19 and pneumonia are treated with oxygen by healthcare specialists. Surgery and trauma require oxygen as well. The elderly, pregnant women, and newborns all require oxygen therapy on a regular basis.

Regional Outlook

Based on regions, the global Pressure Swing Adsorption (PSA) is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is projected to expand at a significant CAGR during the forecast period, due to ongoing technological advancements and increasing investments in several countries in the US and Canada.

Growing demand for food & beverages increases the requirement for pressure swing adsorption to produce nitrogen, which is used in packaging, thus boosting the market in North America. The market in Europe is expected to grow during the forecast period, owing to rising investments in PSA technology by the countries in the region.

Significant growth in urbanization and commercial sectors is driving the market. Increasing demand for pressure swing adsorption by manufacturers in these sectors is expected to boost the market in the coming years.

Key Benefits for Industry Participants & Stakeholders

In-depth Analysis of the Global Pressure Swing Adsorption (PSA) market
Historical, Current and Projected Market Size in terms of Value and Volume
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Pressure Swing Adsorption (PSA) Market Performance

Segments

Types

Double Stage PSA
Rapid PSA

Application

Hydrogen Recovery and Purification
Oxygen Generation
Nitrogen Generation
Oil Refineries
Production of Ammonia
Semiconductor Plasma Process
Others

Regions

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Market Players

Xebec Adsorption Inc.
Linde plc
Honeywell International Inc.
SAMSON AG
Cabot Corporation
Mitsubishi Kakoki Kaisha, Ltd.
Air Liquide
Peak Scientific Instruments.
Universal Industrial Gases, Inc.
NOVAIR INDUSTRIES
Hangzhou Tianli Air Separation Equipment Manufacturing Co., Ltd
PKU PIONEER
Cotting Industries, Inc.
GENERON
Toyo-Korea
Oxair
Oreco
WAGNER Group GmbH
OXYMAT
PARKER HANNIFIN CORP
Air Products Inc.
Atlas Copco AB
Hitachi
Ingersoll Rand
INMATEC GaseTechnologie GmbH & Co. KG
NGK Spark Plug Co Ltd
Invacare Corporation
TEIJIN LIMITED
AIR WATER INC
Messer Group

Competitive Landscape

Top players in the market include Xebec Adsorption Inc., Linde plc, Honeywell International Inc., SAMSON AG, Cabot Corporation, Mitsubishi Kakoki Kaisha, Ltd., Air Liquide, Peak Scientific Instruments., Universal Industrial Gases, Inc., NOVAIR INDUSTRIES, Hangzhou Tianli Air Separation Equipment Manufacturing Co., Ltd, PKU PIONEER, Cotting Industries, Inc., The Titus Company, GENERON, Toyo-Korea, Oxair, Oreco, WAGNER Group GmbH, and OXYMAT.

These companies are considered as key manufacturers of a piezoelectric element based on their revenue, product offerings, regional presence, and supply chain management system.

The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where the potential opportunity for the Pressure Swing Adsorption (PSA) market.

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pressure Swing Adsorption (PSA) Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Pressure Swing Adsorption (PSA) Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Pressure Swing Adsorption (PSA) Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Pressure Swing Adsorption (PSA) Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Pressure Swing Adsorption (PSA) Market Size & Forecast, 2018-2028
      4.5.1 Pressure Swing Adsorption (PSA) Market Size and Y-o-Y Growth
      4.5.2 Pressure Swing Adsorption (PSA) Market Absolute $ Opportunity
   4.6 Pricing Analysis & Forecast, By Type, 2018-2028
   4.7 Global Pressure Swing Adsorption (PSA) Market: Impact Of Key Regulations
   4.8 Technological Landscape
   4.9 Purity Required for Applications and Component Analysis
Chapter 5 Global Pressure Swing Adsorption (PSA) Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Pressure Swing Adsorption (PSA) Market Size Forecast By Type
      5.2.1 Double Stage PSA
      5.2.2 Rapid PSA
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Pressure Swing Adsorption (PSA) Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Pressure Swing Adsorption (PSA) Market Size Forecast By Application
      6.2.1 Hydrogen Recovery and Purification
      6.2.2 Oxygen Generation
      6.2.3 Nitrogen Generation
      6.2.4 Oil Refineries
      6.2.5 Production of Ammonia
      6.2.6 Semiconductor Plasma Process
      6.2.7 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Pressure Swing Adsorption (PSA) Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Pressure Swing Adsorption (PSA) Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Pressure Swing Adsorption (PSA) Analysis and Forecast
   9.1 Introduction
   9.2 North America Pressure Swing Adsorption (PSA) Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Pressure Swing Adsorption (PSA) Market Size Forecast By Type
      9.6.1 Double Stage PSA
      9.6.2 Rapid PSA
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Pressure Swing Adsorption (PSA) Market Size Forecast By Application
      9.10.1 Hydrogen Recovery and Purification
      9.10.2 Oxygen Generation
      9.10.3 Nitrogen Generation
      9.10.4 Oil Refineries
      9.10.5 Production of Ammonia
      9.10.6 Semiconductor Plasma Process
      9.10.7 Others
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Pressure Swing Adsorption (PSA) Analysis and Forecast
   10.1 Introduction
   10.2 Europe Pressure Swing Adsorption (PSA) Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Pressure Swing Adsorption (PSA) Market Size Forecast By Type
      10.6.1 Double Stage PSA
      10.6.2 Rapid PSA
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Pressure Swing Adsorption (PSA) Market Size Forecast By Application
      10.10.1 Hydrogen Recovery and Purification
      10.10.2 Oxygen Generation
      10.10.3 Nitrogen Generation
      10.10.4 Oil Refineries
      10.10.5 Production of Ammonia
      10.10.6 Semiconductor Plasma Process
      10.10.7 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Pressure Swing Adsorption (PSA) Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Pressure Swing Adsorption (PSA) Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Pressure Swing Adsorption (PSA) Market Size Forecast By Type
      11.6.1 Double Stage PSA
      11.6.2 Rapid PSA
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Pressure Swing Adsorption (PSA) Market Size Forecast By Application
      11.10.1 Hydrogen Recovery and Purification
      11.10.2 Oxygen Generation
      11.10.3 Nitrogen Generation
      11.10.4 Oil Refineries
      11.10.5 Production of Ammonia
      11.10.6 Semiconductor Plasma Process
      11.10.7 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Pressure Swing Adsorption (PSA) Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Pressure Swing Adsorption (PSA) Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Pressure Swing Adsorption (PSA) Market Size Forecast By Type
      12.6.1 Double Stage PSA
      12.6.2 Rapid PSA
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Pressure Swing Adsorption (PSA) Market Size Forecast By Application
      12.10.1 Hydrogen Recovery and Purification
      12.10.2 Oxygen Generation
      12.10.3 Nitrogen Generation
      12.10.4 Oil Refineries
      12.10.5 Production of Ammonia
      12.10.6 Semiconductor Plasma Process
      12.10.7 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Pressure Swing Adsorption (PSA) Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Pressure Swing Adsorption (PSA) Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Pressure Swing Adsorption (PSA) Market Size Forecast By Type
      13.6.1 Double Stage PSA
      13.6.2 Rapid PSA
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Pressure Swing Adsorption (PSA) Market Size Forecast By Application
      13.10.1 Hydrogen Recovery and Purification
      13.10.2 Oxygen Generation
      13.10.3 Nitrogen Generation
      13.10.4 Oil Refineries
      13.10.5 Production of Ammonia
      13.10.6 Semiconductor Plasma Process
      13.10.7 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Pressure Swing Adsorption (PSA) Market: Competitive Dashboard
   14.2 Global Pressure Swing Adsorption (PSA) Market: Market Share Analysis, 2020
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Xebec Adsorption Inc.
      14.3.2 Linde plc
      14.3.3 Honeywell International Inc.
      14.3.4 SAMSON AG
      14.3.5 Cabot Corporation
      14.3.6 Mitsubishi Kakoki Kaisha, Ltd.
      14.3.7 Air Liquide
      14.3.8 Peak Scientific Instruments.
      14.3.9 Universal Industrial Gases, Inc.
      14.3.10 NOVAIR INDUSTRIES
      14.3.11 Hangzhou Tianli Air Separation Equipment Manufacturing Co., Ltd
      14.3.12 PKU PIONEER
      14.3.13 Cotting Industries, Inc
      14.3.14 GENERON
      14.3.15 Toyo-Korea
      14.3.16 Oxair
      14.3.17 Oreco
      14.3.18 WAGNER Group GmbH
      14.3.19 OXYMAT
      14.3.20 PARKER HANNIFIN CORP

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FAQ Section

Some frequently asked questions about this report!

1. Can I ask for different company profiles?

Additional company profiles can be provided on request

2. How big will be the Pressure Swing Adsorption (PSA) market in 2028?

According to this Growth Market Reports report, the Pressure Swing Adsorption (PSA) market is likely to register a CAGR of 6.6% during the forecast period 2020-2027, with an anticipated valuation of USD 29,117.1 Mn by the end of 2028.

3. What additional data analysis is available in the report?

In addition to market size (in US$ Million), Company Market Share (in % for the base year 2020), and quality parameter overview is provided.

4. What are the criteria used for selecting a company profile?

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

5. What are the factors driving the growth of Pressure Swing Adsorption (PSA) market?

Increasing technological advancements in Pressure Swing Adsorption (PSA), growing demand for high purity gases are expected as a driving force for the market during the forecast period.

6. What are the major applications of Pressure Swing Adsorption (PSA) driving the market growth?

The major applications of Pressure Swing Adsorption (PSA) are hydrogen recovery and purification, oxygen generation, nitrogen generation, oil refineries, production of ammonia, semiconductor plasma process, and others.

7. What is the impact of COVID-19 on the overall market during the year 2019 -2020?

The market is expected to witness a significant decrease in growth between 2019 and 2020 owing to the COVID 19 pandemic on the Pressure Swing Adsorption (PSA) market.

8. Which is the base year calculated in the Global Pressure Swing Adsorption (PSA) market report and what is the analysis period?

The base year considered for the global Pressure Swing Adsorption (PSA) market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018, and 2019 are the historic years, and the forecast is provided from 2021 to 2028.

9. Which macroeconomic factors affect the market?

Factors such as industrialization, GDP, technological innovations, government regulations, and investment are expected to act as a driving force for the market.

10. Who are the major players operating in the market?

Major Manufacturers Xebec Adsorption Inc., Linde plc, Honeywell International Inc., SAMSON AG, Cabot Corporation, Mitsubishi Kakoki Kaisha, Ltd., Air Liquide, Peak Scientific Instruments., Universal Industrial Gases, Inc., and NOVAIR INDUSTRIES.