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Gas Purifiers Market Size & Share, By Type (Point-of-Use, Bulk Gas Purifier), Operating Pressure (Below 100Psi, 100Psi to 200 Psi, 200Psi 400 Psi, Above 400Psi), Application End Use Industry Distribution Channel, Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 4637

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Published Date: Jun-2024

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Format : PDF, Excel

Market Outlook:

Gas Purifiers Market exceeded USD 1.03 Billion in 2023 and is anticipated to cross USD 2.06 Billion by end of the year 2032, observing around 5.9% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 1.03 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

5.9%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 2.06 Billion

19-23 x.x %
24-32 x.x %
Gas Purifiers Market

Historical Data Period

2019-2023

Gas Purifiers Market

Largest Region

Asia Pacific

Gas Purifiers Market

Forecast Period

2024-2032

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Market Dynamics:

Growth Drivers & Opportunity:

Increasing demand for pure gases in various industries such as semiconductor, pharmaceutical, and healthcare is driving the growth of the gas purifiers market. The need for high-quality gases for manufacturing processes and research activities is propelling the adoption of gas purifiers.

Rising investments in research and development activities across different sectors are contributing to the growth of the gas purifiers market. The focus on enhancing the quality of gases used in experiments and production processes is creating opportunities for gas purifier manufacturers to expand their market presence.

Growing awareness about the importance of maintaining gas purity in critical applications is fueling the demand for gas purifiers. With stringent regulations and standards in place, industries are increasingly turning towards gas purifiers to ensure compliance and improve operational efficiency.

Report Scope

Report CoverageDetails
Segments CoveredType, Operating Pressure. Application, End Use Industry, Distribution Channel
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledAgilent Technologies, Airgas, USA LLC, Entegris, Fisher Scientific International, Japan Pionics Co., LTD., Matheson Tri-Gas, Inc,. Mott, NuPure, Parker Hannifin Corp, Praxair, SAES Getters S.p.A., Sigma-Aldrich, Toga clean system, VICI Metronics, WOBO Industrial Group Corp.

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Industry Restraints:

High initial costs associated with gas purifiers are acting as a major restraint for market growth. The capital investment required for purchasing and installing gas purifiers can deter small and medium-sized enterprises from adopting these systems, thereby limiting market expansion.

Limited availability of skilled personnel to operate and maintain gas purifiers is another significant restraint for the market. The complexity of gas purifier systems requires trained professionals to handle them effectively, and the shortage of skilled workforce can hinder the adoption of gas purifiers in various industries.

Regional Forecast:

Gas Purifiers Market

Largest Region

Asia Pacific

35% Market Share in 2023

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North America:

The Gas Purifiers Market in North America, specifically in the United States and Canada, is expected to grow steadily due to the increasing demand for purified gases in various industries such as semiconductor manufacturing, healthcare, and food and beverage. The stringent regulations regarding gas purity and quality in these countries drive the market for gas purifiers. The growth of the electronics industry in the region also contributes to the demand for gas purifiers, especially in the production of semiconductors and microchips.

Asia Pacific:

In Asia Pacific, countries such as China, Japan, and South Korea are key markets for gas purifiers. The rapid industrialization and growing manufacturing sector in these countries propel the demand for high-quality gases for various industrial processes. The increasing investments in industries such as electronics, automotive, and healthcare further boost the market for gas purifiers in the region. Additionally, the adoption of advanced technologies and the need for cleanroom environments drive the demand for gas purifiers in Asia Pacific.

Europe:

The Gas Purifiers Market in Europe, particularly in the United Kingdom, Germany, and France, is driven by the presence of established industries such as automotive, pharmaceuticals, and chemicals. The stringent regulations regarding environmental protection and workplace safety in these countries create a favorable environment for the growth of the gas purifiers market. The increasing focus on research and development activities in industries such as biotechnology and healthcare also contribute to the demand for gas purifiers in Europe.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Gas Purifiers Market
Gas Purifiers Market

Segmentation Analysis:

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In terms of segmentation, the global gas purifiers market is analyzed on the basis of Type, Operating Pressure. Application, End Use Industry, Distribution Channel

Gas Purifiers Market:

Point-of-Use Gas Purifier:

The Point-of-Use gas purifiers segment is expected to witness significant growth due to the increasing demand for purifying gases at the point of use in various industries. These purifiers are designed to remove impurities from gases before they are used in processes, ensuring high-quality output.

Bulk Gas Purifier:

The Bulk Gas Purifier segment is projected to grow steadily as it caters to industries requiring purification of large volumes of gases. These purifiers are capable of handling high flow rates and are ideal for applications where a continuous supply of purified gas is needed.

Operating Pressure:

Below 100Psi:

Gas purifiers operating at pressure below 100Psi are anticipated to witness a steady growth owing to their suitability for low-pressure applications in industries such as healthcare, pharmaceuticals, and electronics. These purifiers are designed to effectively remove impurities at lower pressures.

100Psi to 200 Psi:

The 100Psi to 200 Psi operating pressure segment is expected to experience significant growth as it caters to a wide range of applications across industries such as manufacturing, semiconductor, and research laboratories. These purifiers are capable of handling moderate pressure levels efficiently.

200Psi to 400 Psi:

Gas purifiers operating between 200Psi and 400 Psi are projected to witness substantial growth due to their ability to cater to applications requiring higher pressure levels. Industries such as petrochemicals, oil & gas, and aerospace rely on these purifiers for efficient purification of gases at elevated pressures.

Above 400Psi:

The segment of gas purifiers operating above 400Psi is expected to witness steady growth as it caters to applications demanding extremely high pressure levels. Industries such as defense, automotive, and energy utilize these purifiers for purifying gases at extremely high pressures.

Application End-Use Industry:

The gas purifiers market in various end-use industries is expected to witness significant growth due to the increasing emphasis on ensuring the quality of gases used in different applications. Industries such as semiconductor, healthcare, automotive, petrochemicals, and aerospace are major consumers of gas purifiers for maintaining the purity of gases in their processes.

Distribution Channel:

The distribution channel segment of the gas purifiers market plays a crucial role in the availability and accessibility of purifiers to end-users. Factors such as the presence of online retail channels, direct sales, distribution partners, and resellers impact the market dynamics. Efficient distribution channels ensure timely delivery of gas purifiers to industries, thereby driving market growth.

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Competitive Landscape:

The Gas Purifiers Market is highly competitive with several key players operating globally. Some of the top companies in the Gas Purifiers Market include:

1. SAES Group

2. Entegris, Inc.

3. Matheson Tri-Gas, Inc.

4. Advanced Specialty Gases, Inc.

5. Agilent Technologies

6. Peak Scientific

7. Sigma-Aldrich Co. LLC

8. Entegris, Inc.

9. Praxair Technology, Inc.

10. UTC Power

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Gas Purifiers Market Size & Share, By Type (Point-...

RD Code : 24