Air Separation Module (ASM) Market size is estimated to be USD 5.8 Billion in 2024 and is expected to reach USD 9.8 Billion by 2033 at a CAGR of 6% from 2026 to 2033.
The global Air Separation Module (ASM) market was valued at approximately USD 4.8 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The demand for ASMs is primarily driven by the increasing need for industrial gases in various applications such as healthcare, energy, and manufacturing sectors. The growing demand for oxygen and nitrogen, particularly in sectors like oil & gas, chemical, and steel industries, is further accelerating market expansion. The Asia Pacific region held the largest market share in 2022, accounting for over 35% of the global market, with countries like China and India being key contributors due to rapid industrialization and infrastructure development. North America and Europe also hold significant shares, owing to the expansion of oil and gas projects and demand from healthcare industries.
In terms of regional opportunities, the Asia Pacific region is expected to continue its dominance, with a projected CAGR of 6.3% from 2023 to 2030. This growth is attributed to expanding industrial activities and the increasing adoption of air separation technologies in emerging economies. The Middle East and Africa region is also set to witness considerable growth due to the increasing investments in the oil & gas sector and rising demand for high purity gases. The European market is expected to grow steadily at a CAGR of 4.6%, driven by strong regulatory frameworks supporting sustainable industrial operations and technological advancements in ASM systems. Latin America is anticipated to see gradual growth, with a CAGR of 4.1%, supported by infrastructure projects and increasing focus on industrial gas production capabilities.
Get | Download Sample Copy with TOC, Graphs & List of Figures @ http://verifiedmarketreports.com/download-sample/?rid=855838&utm_source=Pulse_G_April&utm_medium=226
Â
Parker Hannifin
Honeywell Aerospace
Eaton
Air Liquide
Cobham
Zodiac Aerospace(Safran)
Valcor Engineering
Air Products and Chemicals
UBE Industries
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=855838&utm_source=Pulse_G_April&utm_medium=226
Growing demand for below applications around the world has had a direct impact on the growth of the Global Air Separation Module (ASM) Market
Pressure Swing Adsorption (PSA)
Vacuum Pressure Swing Adsorption (VPSA)
Membrane Separation
Cryogenic Distillation
Other Emerging Technologies
Oxygen Generators
Nitrogen Generators
Argon Generators
Air Separation Units (ASUs)
Custom-Built ASM Solutions
Oil & Gas
Metals & Mining
Chemicals & Petrochemicals
Healthcare & Pharmaceuticals
Food & Beverage
Aerospace & Defense
Water Treatment
Small-Scale ASM
Medium-Scale ASM
Large-Scale ASM
Mobile ASM Solutions
Industrial Manufacturing
Power Generation
Pulp & Paper
Data Centers
Textiles
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/air-separation-module-asm-market/
1. Introduction of the Global Air Separation Module (ASM) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Air Separation Module (ASM) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Air Separation Module (ASM) Market, By Type
6. Global Air Separation Module (ASM) Market, By Application
7. Global Air Separation Module (ASM) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Air Separation Module (ASM) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/