Industrial Dynamics: The growth in the industry has always been steady but incremental. Steel has been the largest consumer of the Industrial Gases in the country since these are the major input for processing the steel. The market is expected to grow at its normal pace for all the three gases, however, use of blended gases may increase over the years.
Impact of COVID-19: After the COVID-19 crisis in India most hospitals are willing to set up huge storage tanks to store supplies that can last at least 10 days, which means that there will be a larger demand from the healthcare sector.
Several civil hospitals have set up such jumbo tankers to avoid their daily wait for cylinders hence helping the transportation process. Ease in the transportation of the will enhance the connectivity between various regions and places. Industry experts in MP said they plan to use trains to transport oxygen faster instead of solely depending on traditional road transport. Maharashtra Chief Minister Udhav Thackeray has suggested airlift of oxygen supply from one state to another. Also, Automobile industry is anticipated to increase demand of steel, eventually supporting the growth of the global argon market. Plus, with the growth of the energy market it is likely that there will be an increase the demand of argon due to its application in insulated window and solar energy. This increase of demand is surrounded by the use of Argon as a specialty Gas.
Rise in Digitization Levels: There is a rise in the digitization of various industries across the country and this has not left Industrial Gases untouched. There has been extensive use of IoT integration has helped in monitoring level and pressure of Gases in the tanks. This will prevent unnecessary accidents in the Industry and avoids expensive wastage of input. It also helps in preventing the flowrate of the downstream vaporizers and avoids liquid breakthrough of Oxygen in the piping and to avoid reaching unsafe velocity of oxygen but this integration technique has been adopted by few big players in the industry.
Analysts at Ken Research in their latest publication “India Industrial Gases Outlook to 2026- By Sales Mode- on (Industrial and Merchant Liquid), By End User, By Region (North, East, West, South), By States, By Companies“ observed that the Indian Industrial Gases market has a great potential to grow supported by numerous government initiatives. Industrial gases play a quintessential role in the industrial and economic development of India. Their processes are constantly reviewed and updated to reduce the cost and make them more sustainable to consider the increasing damage to environment and ecology.
Key Segments Covered:-
By Sales Mode
By End Users
Industrial Gases Makers Covered:-
Air Water Inc.
Inox Air Products
HS Kanthi Industrial Gasses Ltd.
Shivam Industrial Gases Pvt. Ltd.
Phoenix Gases Ltd.
Bhorukpur Industrial Gases Pvt. Ltd.
Shri Sai Industrial Gases
Southern Gas Ltd.
Taiyo Nippon Sanso Ltd.
Universal Air & Gas Ltd.
Assam Air Product
Madhuraj Industrial Gas Ltd.
Pavan Industrial Gas Ltd.
Ultragases Pvt. Ltd.
Delux Gas Ltd.
Key Target Audience:-
Industrial Gases Manufacturing
Time Period Captured in the Report:-
Historical Period – 2016-2021
Forecast Period – 2021-2026
Key Topics Covered in the Report:-
India Industrial Gases Market Segmentation
India Industrial Gases Sales Mode
India Industrial Gases End User
India Industrial Gases by Capacity Manufacturing by Region
India Industrial Gases by State
India Industrial Gases Maker Market Share
India Industrial Gases Manufacturing Capacity
India Industrial Gases Dynamics
India Industrial Gases Market Size
India Industrial Gases Business Model Canvas
India Industrial Gases Future Forecasting
India Industrial Gases Maker Market Share
Future Market Size and Segmentations, 2020-2026F
For More Information on the research report, refer to below link:-
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