PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1510267
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1510267
US Pressure Swing Adsorption Market is valued approximately USD 558.95 million in 2023 and is anticipated to grow with a healthy growth rate of more than 6.28% over the forecast period 2024-2032. Pressure Swing Adsorption is a method for gas separation and purification. It works on the idea of selectively adsorbing gases onto a solid adsorbent material at high pressure, followed by desorption at low pressure. It is widely utilized in a variety of industrial applications, including the purification of hydrogen and oxygen gases, nitrogen production, and impurity removal from natural gas and biogas streams. Furthermore, rising trend of on-site gas generation are gaining attention towards US Pressure Swing Adsorption Market. On-site gas generation enhances supply chain resilience by reducing reliance on external gas suppliers and mitigating risks associated with supply chain disruptions, such as transportation delays, shortages, or price fluctuations. Industries, particularly those with critical gas requirements such as electronics manufacturing or healthcare, prioritize the security and reliability of their gas supply, making on-site generation an attractive option.
The US Pressure Swing Adsorption Market is driven by rising emphasis on quality of gas and expansion of shale gas production across the region. Stringent environmental regulations in the USA mandate the reduction of emissions and the use of environmentally friendly technologies in industrial processes. PSA systems offer a sustainable solution for gas purification, as they eliminate the need for chemical solvents and minimize emissions of harmful pollutants. In addition, PSA systems are utilized for the purification and separation of gases in shale gas processing facilities, enabling the efficient extraction of valuable natural gas liquids (NGLs) and methane for energy production and industrial applications. However, high spending associated to pressure swing adsorption and complexity related to design of systems is going to impede the overall demand for the market during the forecast period 2024-2032.