India Bulk Oxygen Market Size, Industry Share, Forecast 2030

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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 MarketBy 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.

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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.

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.

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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.

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“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.

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