Air Separation Unit (ASU) Market
Air Separation Unit (ASU) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Air Separation Unit (ASU) Market Size and Growth
The Air Separation Unit (ASU) market is poised for growth, driven by rising demand for purified gases across various industries. The global market size is projected to reach approximately $7 billion by 2026, reflecting a compound annual growth rate (CAGR) of around 5% due to technological advancements and increasing industrial applications.
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Companies Covered
(Covid 19 Impact Covered)
◍ Linde
◍ Air Liquide
◍ Hangyang Group
◍ Sichuan Air Separation
◍ Air Products
◍ HNEC
◍ Taiyo Nippon Sanso
◍ Messer
◍ Cryogenmash
◍ AMCS
◍ Air Water Plant & Engineering
The Air Separation Unit (ASU) market is competitive, with key players like Linde, Air Liquide, and Air Products leading in technology and production. These companies innovate ASU processes, enhance efficiency, and expand global reach, driving market growth. Notable revenues include Linde ($31 billion), Air Liquide ($25 billion), and Air Products ($8.9 billion).
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Market Segmentation
By Application
◍ Chemical Industry
◍ Industry Gas
◍ Metallurgy Industry
◍ Other
By Product
◍ Below 20 K CMPH
◍ 20-60 K CMPH
◍ Above 60 K CMPH
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Market Growth
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$ 5.40 Billion
