Global Oxygen Market Size & Outlook, 2022-2030
Global oxygen market, 2018-2030 (US$M)
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Global oxygen market highlights
- The global oxygen market generated a revenue of USD 49,470.6 million in 2022 and is expected to reach USD 87,246.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 7.3% by 2030.
- In terms of segment, medical accounted for a revenue of USD 22,068.2 million in 2022.
- Medical is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 49,470.6 million |
| Market revenue in 2030 | USD 87,246.8 million |
| Growth rate | 7.3% (CAGR from 2022 to 2030) |
| Largest segment | Medical |
| Fastest growing segment | Medical |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical, Metals & Mining, Water Treatment |
Other key industry trends
- In terms of revenue, the North America accounted for 24.2% of the global oxygen market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 1,704.9 million by 2030.
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Oxygen Market Scope
Oxygen Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global oxygen market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oxygen market will help companies and investors design strategic landscapes.
Medical was the largest segment with a revenue share of 44.61% in 2022. Horizon Databook has segmented the Global oxygen market based on medical, metals & mining, water treatment covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Oxygen Application Outlook (Revenue, USD Million, 2018-2030)
- Food & Beverages
- Chemicals
- Pharmaceuticals
- Electronics
- Oil Refining
- Ammonia
- Transportation
- Oil & Gas
- Medical
- Fire Suppressant
- Metals & Mining
- Water Treatment
- Healthcare
- Manufacturing
- Metal working
- Lamps
- Others
- Methanol
- Steel
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Target buyers of Global oxygen market databook
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Our clientele includes a mix of oxygen market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global oxygen market , including forecasts for subscribers. This global databook contains high-level insights into Global oxygen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global oxygen market size, by region, 2018-2030 (US$M)
Top 10 countries: Oxygen market size, 2022 (US$M)
Global oxygen market share, by application, 2022 & 2030 (%, US$M)
Oxygen market: Opportunity assessment by country
Global oxygen market, by region, 2022 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 3,211.6 | 3,739.9 | 3,518.2 | 3,933.0 | 4,754.1 | 5,002.5 | 5,278.5 | 5,585.3 | 5,926.7 | 6,307.4 | 6,732.7 | 7,209.2 | 7,756.2 | 5.6% |
| Europe | 6,941.9 | 8,138.4 | 7,708.4 | 8,677.0 | 10,562.0 | 11,192.5 | 11,894.9 | 12,677.6 | 13,551.4 | 14,529.0 | 15,625.5 | 16,858.9 | 18,278.2 | 6.3% |
| North America | 7,800.4 | 9,164.3 | 8,698.4 | 9,812.3 | 11,969.4 | 12,711.1 | 13,537.8 | 14,459.6 | 15,489.6 | 16,642.9 | 17,937.8 | 19,395.8 | 21,074.5 | 6.5% |
| MEA | 2,385.4 | 2,759.5 | 2,578.5 | 2,862.6 | 3,435.7 | 3,588.9 | 3,758.8 | 3,946.8 | 4,155.1 | 4,386.2 | 4,643.1 | 4,929.2 | 5,256.6 | 4.8% |
| Asia Pacific | 11,873.7 | 14,051.1 | 13,433.1 | 15,261.8 | 18,749.4 | 20,051.9 | 21,506.0 | 23,130.6 | 24,949.9 | 26,992.2 | 29,291.3 | 31,887.5 | 34,881.3 | 7.3% |
| Overall | 32,212.9 | 37,853.2 | 35,936.5 | 40,546.7 | 49,470.6 | 52,546.8 | 55,976.0 | 59,799.9 | 64,072.7 | 68,857.6 | 74,230.3 | 80,280.6 | 87,246.8 | 7.4% |
Related regional statistics
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