India Bulk Oxygen Market to Grow with a CAGR of 3.84% through 2030
Innovations in Production and Delivery Methods are expected
to drive the India Bulk Oxygen Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “India Bulk
Oxygen Market- By Region, Competition, Forecast and Opportunities,
2020-2030F”, the India Bulk Oxygen Market achieved the total volume of 16420
Metric Tonnes in 2024 and is anticipated to grow with a CAGR of 3.84% through
2030. The use of advanced technologies, such as cryogenic
air separation and pressure swing adsorption, greatly enhances the efficiency
of oxygen production, allowing for increased output at lower operational costs.
New manufacturing facilities and upgrades to existing plants are boosting
production capacities. For instance, in March 2024, Tata Elxsi and Dräger
announced a partnership to foster critical care innovation in India. As part of
this collaboration, Dräger will establish an offshore development center (ODC)
at Tata Elxsi's Pune facility, dedicated to developing advanced medical devices
for critical care in both local and international markets. This partnership
combines Tata Elxsi's expertise in design and technology with Dräger's
knowledge in medical and safety technology. The ODC will oversee all aspects of
product development, including conceptualization, design, prototyping, and
testing, and will feature a comprehensive testing facility equipped with
medical-grade gases, compressors, and oxygen cylinders to replicate an
operating theater environment.
Innovations in purification processes are leading to
higher purity levels of oxygen, which is crucial for both medical and
industrial applications, thereby enhancing supply reliability and compliance
with stringent regulatory standards. Logistics advancements, such as real-time
tracking and inventory management systems, are improving the distribution of
bulk oxygen, ensuring timely deliveries and reducing the risk of shortages. The
development of on-site oxygen generation systems, particularly for hospitals
and large industrial facilities, decreases dependence on external suppliers,
enabling immediate access to oxygen when needed.
Green technology innovations, such as electrolysis to
produce oxygen from water using renewable energy, are gaining importance and
aligning with environmental regulations and sustainability goals. The use of
digital tools for monitoring and controlling production processes is also
enhancing operational efficiency, employing automation and data analytics to
optimize production schedules and maintenance. These advancements not only
drive efficiency and reduce costs but also equip companies to meet the
increasing demands of the healthcare and industrial sectors, ultimately
supporting the growth of the bulk oxygen market in India.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "India Bulk Oxygen Market”
The India Bulk Oxygen Market is segmented into
delivery mode, form, type, end user, regional distribution and company.
Based on the type, the Medical
emerged
as the fastest growing segment in the Indian market for Bulk Oxygen in 2024.
The
COVID-19 pandemic significantly raised awareness of the critical role of
medical oxygen, resulting in a surge in demand as healthcare facilities
enhanced their capacity to treat respiratory illnesses. There has been
considerable investment in healthcare infrastructure nationwide, with new
hospitals, clinics, and emergency care facilities being established, which
directly increases the need for reliable medical oxygen supplies. The rising
incidence of respiratory conditions, such as asthma, chronic obstructive
pulmonary disease (COPD), and pneumonia, requires greater availability of
medical oxygen for effective treatment.
Government initiatives aimed at improving healthcare
access and quality further encourage the use of medical oxygen in treatment
protocols, boosting demand. Advances in medical technology, including oxygen
concentrators and portable oxygen systems, have simplified the delivery of
medical oxygen, resulting in higher usage in both home care and hospital
settings. Additionally, increasing awareness among healthcare professionals and
the public about the importance of oxygen therapy for respiratory issues contributes
to more prescriptions and usage of medical oxygen. The heightened focus on
emergency medical services and critical care in hospitals, particularly after
the pandemic, emphasizes the need for a consistent and sufficient supply of
medical oxygen. These combined factors contribute to a robust and growing demand
for medical oxygen, establishing the medical segment as the fastest-growing
area within India’s bulk oxygen market.
Based on the region, the South India emerged as the
fastest growing region in the Indian Bulk Oxygen market during the forecast
period. States such as Karnataka, Tamil Nadu, and Andhra Pradesh are
experiencing significant industrial growth, particularly in manufacturing,
chemicals, and pharmaceuticals, which drives the demand for bulk oxygen. There
has been considerable investment in healthcare infrastructure, especially in
hospitals and medical facilities, leading to an increased need for medical
oxygen, particularly in the wake of the COVID-19 pandemic.
Government initiatives like Make in India and various
state-level policies promote industrialization and infrastructure development,
further elevating the demand for bulk oxygen in manufacturing. For example, in
July 2023, Sol India Pvt Ltd established a state-of-the-art gas manufacturing
plant at SIPCOT, Ranipet, with an investment of USD 17.25 Million. This new
facility aims to boost production capacity from 80 to 200 tonnes per day,
supplying liquid medical gas, industrial oxygen, liquid nitrogen, and liquid
argon.
Southern states are also embracing advanced production
technologies and processes, improving the efficiency of oxygen usage across
different applications and thereby increasing overall consumption. The region's
strategic geographic advantages, including access to ports and transportation
networks, enable effective distribution of bulk oxygen, further supporting both
industrial and healthcare growth. Collectively, these factors position the
southern region as the fastest-growing segment in India's bulk oxygen market.
Major companies operating in India Bulk Oxygen Market
are:
- INOX Air
Products Private Limited
- India
Glycols Pvt Ltd.
- Steelman
Gases Pvt. Ltd.
- Sol
India Private Limited
- Praxair
India Private Limited
- Linde
India Limited
- Air
Liquide India
- Bhuruka
Gases limited
- Southern
Gas Limited
- Ellenbarrie
Industrial Gases Ltd.
Download Free Sample Report
Customers can also request 10% free
customization on this report
“The India bulk oxygen market is becoming increasingly
important in semiconductor manufacturing, where high-purity oxygen is critical
for various fabrication processes. With the growing demand for advanced
electronics, especially in AI and IoT devices, the semiconductor sector is
rapidly evolving. A significant challenge is maintaining stringent purity
standards for oxygen to ensure optimal performance and yield in chip
production. As India seeks to position itself as a global leader in
semiconductor manufacturing, local bulk oxygen suppliers must innovate to meet
these specific requirements. This creates an opportunity for market expansion
and investment in advanced purification technologies, ultimately enhancing
competitiveness in this burgeoning industry,” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
“India Bulk Oxygen Market By Delivery Mode
(Tanks/Pipeline, Cylinder, Others), By Form (Liquid Oxygen, Compressed Oxygen,
Oxygen Gas Mixture), By Type (Industrial, Medical), By End User (Chemical,
Aerospace, Submarine, Oil & Gas, Medical and Others), By Region,
Competition, Forecast and Opportunities, 2020-2030”, has evaluated
the future growth potential of India Bulk Oxygen Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Bulk Oxygen Market.
Contact
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com