About Pressure Swing Adsorption (PSA)
Pressure swing absorption is a technique of gas separation, in air separation, gas drying, and hydrogen purification separation according to the component’s molecular characteristics. The gasses gets separated as they are attracted to different solid surfaces. This technique is applicable in the methane purification from natural gas and bio gas and has a potential to expand the utilisation. It is operated at ambient temperature and is significantly different from cryogenic distillation process. In addition, it is a cost efficient process for the production of high purity oxygen and nitrogen.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Pressure Swing Adsorption (PSA) market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens (Germany), Xebec Adsorption Inc. (Canada), Linde Engineering (South Africa), Honeywell UOP (United States), Samson Technologies (United States), Peak Scientific (Scotland), Universal Industrial Gases, Inc. (United States), Cabot Corporation (United States) and Toyo engineering Korea Ltd. (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Pressure Swing Adsorption (PSA) market by Type (Double Stage PSA and Rapid PSA), Application (Gas drying, Solvent vapour recovery, Fractionation of air, Separation of methane and carbon dioxide from landfill gas and Others) and Region.
On the basis of geography, the market of Pressure Swing Adsorption (PSA) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Pressure Swing Adsorption (PSA) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Market Growth Drivers:
Low Investments and Maintenance Costs are fueling the Market Growth and High Purity Level and Low Energy Consumption
Challenges:
Requires High Level of Electricity to Achieve High Pressure
Restraints:
High Amount of Methane is captured in Off Gas as Compared to Other Technologies
Opportunities:
Growth in Research and Developments of PSA Technology
Market Leaders and their expansionary development strategies
In October 2019, Siemens has planned the acquisition of edge technology from Pixeom. This acquisition strengthens the industrial edge portfolio
In 2021, Peak Gas Generation, parent brand of Peak Scientific and global leader in on-site gas generation for manufacturing and processing industries, has launched its very first oxygen gas generator, the i-Flow O2, to add to its already successful i-Flow range of nitrogen gas generators.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.