Industrial Project Report of Oxygen Plant
If you are thinking of starting business of supplying oxygen to the industrial sector companies, it becomes imperative to know the demand of oxygen in the industrial sector. There is no denying the fact that having actionable information of the industry helps in establishing the business quickly. And, the best way you can get this information is by getting an oxygen project report from a reputed business consultancy. The report provides you with details about the industry which you cannot find anywhere else.
Advantage of Getting Oxygen Plant Project Report
Understandably, you cannot just start any business as there are certain conditions and obligation you must comply with. It is particularly so in the manufacturing sector. Plus, starting a business in the manufacturing sector costs you quite a good deal of money. Unquestionably, it is a capital-intensive business. Obviously, this means you have to arrange the finances for setting oxygen plant and running for at least one year.
The report will present to you the well-researched insider knowledge of the industry. For example, it will contain feasibility study which will help you assess how well it will work in your area. It is the most important thing to determine the likelihood of the oxygen business becoming a success in your area. Apart from the feasibility, the report will also have in-depth studies on market trends, technologies, components, oxygen plant manufacturers, quality control, etc.
No doubt, it is well neigh impossible to start the business without being equipped with specialized knowledge of the industry. Now the professionals preparing oxygen plant project report have deep knowledge of the oxygen industry since they have worked in it for years. And, through the report they equip you with forward and backward linkages of the industry.
Working of Oxygen Plants
Oxygen plant is industrial machinery which is designed and manufactured for producing high purity oxygen. However, there are several techniques available for oxygen production including cryogenic distillation, pressure swing adsorption (PSA), and membrane separation. And, our company specializes in manufacturing O2 plants using cryogenic distillation. Amongst the various production techniques, the cryogenic distillation is considered the most efficient as it can generate oxygen with purity up to 99.7% while other methods such PSA oxygen plants can only generate oxygen with purity 90–95%. Working of the plant starts with intake of atmospheric air which is then liquefied according to the different boiling points of the constituent gases present in the atmosphere. Afterwards, the chosen gas is liquefied to the desired level.
Market Potential of Oxygen Industry
Air separation industry had market valuation of around INR 33, 300.51 Cr in 2021 and it is expected to be worth INR 42, 700.27 Cr in the year 2026. It is self-evident that there is excellent scope for growth in the industry. Industrial growth is expected to see spurt in many regions including Asia-Pacific, South America and Africa. It goes without saying that entrepreneurs starting oxygen gas business will hugely benefit from the projected growth. Demand for oxygen gas will increase in the coming years both in medical and industrial sectors.
