The air separation equipment market refers to the demand for equipment used for separating air into its various components such as nitrogen, oxygen, and argon. The increasing demand for industrial gases, particularly in the chemical and petrochemical industries, is driving the growth of the air separation equipment market. The rise in demand for these gases, which are used in various applications such as refrigeration, welding, and food packaging, is expected to drive the growth of the air separation equipment market in the coming years. The development of new and advanced air separation equipment, along with the increasing demand for industrial gases, is expected to create significant opportunities for air separation equipment market growth.
During the forecast period, the market is expected to grow due to increased government regulations regarding environmental protection and growth in industrial activities around the world. Moreover, rising demand of air separation equipment across industrial verticals is expected to fuel market growth during the forecast period. Whereas high investment and cost associated with utilization of air separation equipment is expected to restrain market growth during the forecast period.
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Top Key Major Players:-
- Linde Plc
- Air Liquide SA
- Air Products and Chemicals, Inc
- Taiyo Nippon Sanso Corporation
- Hangzhou Hangyang Co., Ltd
- Praxair
- Sichuan Air Separation
- Yingde Gases Group Co., Ltd
- JSC Cryogenmash
- Gas Engineering LLC