The gas cylinder market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.0% in the forecast period of 2023 to 2030 and is expected to reach USD 4,649,514.48 thousand by 2030.
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A gas cylinder is a pressure vessel that stores gases at higher than atmospheric pressures. High-pressure gas cylinders, also known as bottles. Depending on the physical qualities of the item, the stored components inside the cylinder may be in a supercritical fluid, compressed gas, Vapour over liquid, or dissolved in a substrate material. The valve and connecting connection are positioned at the top of a normal gas cylinder design, extending and standing upright on a flattened bottom end.
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Key Growth Drivers: Drivers
Increase in the demand of medical oxygen cylinder
Medical care providers frequently use oxygen gas cylinders for therapeutic and diagnostic reasons. Medical oxygen gas systems, such as oxygen, concentrators, and compressed oxygen gas cylinders, are widely used in homecare settings and are typically selected by elderly patients with mobility issues and require a consistent oxygen supply.
The global increase in industrialization has had a negative impact on the overall quality of breathing air. Because of fast growth and increased pollution, the air quality index (AQI) has been elevated, increasing the prevalence of respiratory disorders. Patients suffering from chronic respiratory diseases (CRDs) such as Chronic Obstructive Pulmonary Disease (COPD) require oxygen supplementation to improve their quality of life. Pollution, cigarette smoke, occupational chemicals and dust, and other factors can contribute to Chronic Rrespiratory Diseases (CRDs). In recent years, there has been an increase in the senior population with chronic conditions requiring ongoing respiratory assistance.
Report Scope:
Analysis of market trends influencing the beverage stabilizers market's growth.
Examination of trends within key regional and country-level markets based on type, function, and application.
Providing a comprehensive overview of the Dye-Sensitized Solar Cell market.
Evaluation of historical, current, and projected market sizes in terms of volume and value.
Offering a neutral perspective on market performance.
Essential information for market players seeking to maintain and expand their market presence.
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Key players:
Luxfer Gas Cylinders, Worthington Industries Inc, Beijing Tianhai Industry Co., Ltd., Drägerwerk AG & Co. KGaA, EKC, Linde plc, Time Technoplast Ltd., MS GROUP, Welz Gas Cylinder GmbH,
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