Market Size of Europe Air Separation Unit Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Air Separation Unit Market Analysis
The Europe air separation unit market is expected to register a CAGR of 3% during the forecast period.
The market studied was negatively impacted by COVID-19 in 2020. However, it has been recovering and now reached pre-pandemic levels.
Factors such as increasing demand for industrial gases, spurred by the growth in steel and process industries, are expected to drive the growth of the market studied during the forecast period.
However, high energy consumption and high capital costs are expected to hamper the growth of the European air separation unit market during the forecast period.
Growth in the infrastructure sector may increase the demand for steel and other materials, which is expected to create lucrative growth opportunities for the Europe air separation unit market during the forecast period.
Germany dominates the market and may witness the highest CAGR during the forecast period. This growth is attributed to the increasing investments and rising demand for industrial gases in different end-user industries.
