India Pressure Swing Adsorption (PSA) Oxygen Generator Market size is expected to reach $564.5 million by 2027

Medical segment acquired the largest market volume share in the India PSA Oxygen generator market in year 2020 – 6Wresearch

The India PSA oxygen generator market showed a rapid rise in 2020 due to the covid-19-induced surge in demand for medical support devices. Furthermore, increasing infrastructure investment, as well as favorable national policies such as “Project O2 for India” and “Make in India, Start-up India Seed Fund Scheme (SISFS) and Fund of Funds for Start-ups (FFS)” initiatives by the government of India for various industries would be key market drivers for the PSA oxygen generator market in India. Furthermore, the Indian government has taken various steps to improve the country's healthcare capabilities and oxygen generation capacity in the coming years, which would have a positive impact on the demand for PSA oxygen generators.

According to 6Wresearch, India Pressure Swing Adsorption (PSA) Oxygen Generator Market size is expected to reach $564.5 million by 2027. With the onset of the COVID-19 pandemic in 2020, the market experienced considerable growth as the Covid-19 outbreak led to a sudden increase in demand for life-saving oxygen, translating into increased demand for PSA oxygen generators in the healthcare sector. Along with this, government efforts to meet the demand for oxygen and the establishment of new plants aided the market in maintaining demand during the economic crisis. Demand from industrial end users is likely to rise throughout the forecast period due to large investments in various industries including oil and gas, iron and steel, energy, food and beverages, and among others.

According to Rishabh Singh Bhandari, Research Analyst, 6Wresearch, “Industrial segment acquired the majority of revenues in India PSA oxygen generator market in 2020 and a similar trend is expected to continue over the fore coming years. In industries such as metallurgy, food and beverage, oxyfuel combustion, and chemical manufacturing, a dependable and cost-effective technology that allows continuous, high-capacity oxygen supply at the optimum purity is essential at colossal level. However, majority of volume was supplied to the medical sector in 2020 owing to the COVID-19 pandemic, the healthcare sector came across as the primary source of urgency and the demand from the sector henceforth gained traction during that period. However, in forecast period industrial segment would show significant growth.

Some of the major companies in India PSA Oxygen generator market include Trimech Engineers Pvt. Ltd., MVS Engineering Pvt. Ltd., Generon, Gaztron Engineering Pvt. Ltd. etc. Atlas Copco (India) Ltd., Trident Pneumatics Pvt. Ltd., Sam Gas Project Pvt. Ltd, Trident Pneumatics Pvt. Ltd., Avalon Power Pvt. Ltd., Spantech Engineers Pvt. Ltd., Inmatec Gasetechnologie Gmbh & Co.

“India PSA Oxygen generator (2021-2027)” report provides an in-depth analysis with 24 figures and 17 tables, covered in 111 pages. The report estimates and forecast the overall India PSA Oxygen generator market by end users. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.