The Business Research Company’s report on the Oxygen Generator Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the oxygen generator industry?
The rising respiratory disorders are expected to propel the growth of the oxygen generator market going forward. Respiratory disorders are a group of diseases that affect the lungs and other parts of the respiratory system, leading to breathing difficulties and impaired gas exchange. The rise in respiratory disorders is primarily due to increasing air pollution, smoking, occupational hazards, and climate change. Oxygen generators provide a continuous supply of concentrated oxygen to help patients with respiratory diseases breathe more easily and maintain adequate oxygen levels. For instance, in December 2023, according to the National Library of Medicine, a US-based medical library, the global number of chronic obstructive pulmonary disease (COPD) cases among those 25 and older is projected to rise by 23% by 2050, reaching nearly 600 million. Therefore, the rising respiratory disorders are driving the oxygen generator market.
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What is the estimated market size of the oxygen generator sector by 2029, based on current forecasts?
The oxygen generator market size has grown strongly in recent years. It will grow from $3.80 billion in 2024 to $4.15 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to rise in aging population, increase in need for oxygen in welding and metal cutting, demand for oxygen in beverage carbonation, demand for customizable oxygen solutions, increase in population density, and rise in urbanization.
The oxygen generator market size is expected to see strong growth in the next few years. It will grow to $5.89 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to increasing demand for medical oxygen in healthcare, rising prevalence of respiratory diseases, growing manufacturing sector, rising awareness of air quality issues, and rising demand for oxygen in water treatment processes. Major trends in the forecast period include advancements in oxygen generation, development of portable oxygen generators, advancements in energy efficiency, collaboration between technology companies and healthcare providers, and integration of IoT technology in oxygen systems.
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Who are the top players in the oxygen generator market?
Major companies operating in the oxygen generator market are Linde plc, Air Liquide S.A., Koninklijke Philips N.V., Atlas Copco, Air Products and Chemicals Inc., Chart Industries Inc., Invacare Corporation, GENERON, CAIRE Inc., Mikropor, GCE Group, Precision Medical Inc., HyGear Technology Ltd., Oxymat A/S, Omega Air, On Site Gas Systems, Noxerior, INMATEC GaseTechnologie GmbH & Co. KG, Delta P S.r.l., SYSADVANCE, Novair Medical Inc., Oxair Gas Systems Pty Ltd, Foshan Care Medical Technology Co. Ltd., Advanced Gas Technologies, Oxysystems Ltd, Oxynitra.
What are the major trends in the oxygen generator market?
Major companies operating in the oxygen generator market are prioritizing technological advancements, such as on-site oxygen generators, to improve efficiency, lower operational costs, and provide a consistent and reliable oxygen supply for medical, industrial, and emergency applications. An on-site oxygen generator is a system that produces oxygen directly at the location where it is needed, using ambient air, thereby eliminating the need for external oxygen supply sources. For instance, in September 2024, Atlas Copco AB, a Sweden-based manufacturing company, launched the next-generation OGP 2-225 oxygen generator, designed for optimal performance and energy efficiency in on-site oxygen production. This generator can produce oxygen with up to 93% purity and is available in various sizes, catering to industrial operations that require a reliable oxygen supply. The OGP 2-225 incorporates advanced technology for easy installation, control, and monitoring, enhancing operational savings and reducing reliance on external oxygen sources.
Which geography holds the highest oxygen generator market share?
North America was the largest region in the oxygen generator market in 2024. The regions covered in the oxygen generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the oxygen generator market?
The oxygen generator market covered in this report is segmented –
1) By Type: Small Pressure Swing Adsorption (PSA) Oxygen Generator, Large Pressure Swing Adsorption (PSA) Oxygen Generator
2) By Technology: Cryogenic Separation, Pressure Swing Adsorption, Membrane Technology
3) By Application: Medical, Industrial, Aerospace, Wastewater Treatment, Research and Development
Subsegments:
1) By Small Pressure Swing Adsorption (PSA) Oxygen Generator: Portable PSA Oxygen Generators, Wall-Mounted PSA Oxygen Generators, Cylinder-Filling PSA Oxygen Generators
2) By Large Pressure Swing Adsorption (PSA) Oxygen Generator: Industrial PSA Oxygen Generators, Hospital PSA Oxygen Generators, Containerized PSA Oxygen Generators
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How is the oxygen generator market defined?
An oxygen generator is a device that produces oxygen by separating it from other gases in the air, typically using methods such as pressure swing adsorption (PSA) or membrane separation. It supplies concentrated oxygen for various applications, including medical, industrial, and aerospace uses. Oxygen generators operate continuously to deliver a reliable source of oxygen without the need for storage or frequent refills.
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