India Rare Gases Market is expected to grow at a robust CAGR
India
Rare Gases Market is expected to grow owing to development of new technologies,
such as quantum computing and quantum sensing throughout the forecast period.
According
to TechSci Research report, “India
Rare Gases Market – By Region,
Competition, Forecast and Opportunities, 2019-2029”, the India Rare
Gases Market is expected to register robust growth during the
forecast period.
The semiconductor industry
is a significant driver of the rare gases market. Argon, helium, and other rare
gases are essential in various semiconductor fabrication processes, cleanroom
environments, and electronics cooling systems.
Increasing
awareness of environmental issues and sustainability is driving research into
greener alternatives and technologies. This presents opportunities for the
development of more environmentally friendly rare gas production and usage
processes.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "India
Rare Gases Market."
Based
on function, the
Illumination segment is expected to dominate the market during the forecast
period. Government regulations and initiatives aimed at improving energy
efficiency are influencing the lighting market. These standards encourage the
use of high-efficiency lighting technologies, indirectly affecting the demand
for rare gases. Environmental Concerns: The environmental impact of certain
rare gases, such as xenon and krypton, is a growing concern. Efforts are being
made to reduce the use of these gases and find more environmentally friendly
alternatives. The India Rare Gases market in the illumination segment is
expected to grow steadily as the country continues its economic development and
urbanization. Energy-efficient lighting, especially LED technology, is expected
to witness strong growth, impacting the demand for rare gases positively.
Research and development efforts are ongoing to find more efficient and
environmentally friendly alternatives to traditional rare gases, which could
shape the future of the market. As consumers become more environmentally
conscious, there is a growing interest in sustainable lighting solutions. This
shift can impact the demand for rare gases in lighting applications.
Based
on end-user, the Electronics segment is projected to dominate the market
throughout the forecast period. The Indian government has launched initiatives
to promote electronics manufacturing in the country. This, in turn, drives the
demand for rare gases used in semiconductor fabrication. With the continued
growth of the electronics and semiconductor manufacturing industry in India,
the demand for rare gases is expected to increase, particularly in the context
of semiconductor fabrication. Ongoing research and development efforts in the
electronics industry may lead to new applications for rare gases, as well as
the development of more efficient and sustainable processes. As with any
industrial gases, environmental regulations and safety standards are essential
considerations for the electronics industry. Efforts are being made to minimize
the environmental impact of rare gases and enhance safety measures. As the
demand for consumer electronics, such as smartphones, laptops, and televisions,
continues to rise in India, this segment may also impact the rare gases market,
especially for applications like plasma display panels and gas lasers used in
the electronics of these devices. In summary, the electronics segment of the
India Rare Gases market is driven by the growth of the electronics and
semiconductor manufacturing industry. The continued expansion of these sectors,
along with technological advancements and government initiatives, is expected
to contribute to the increased demand for rare gases in various electronic
applications.
Key
market players in the India Rare Gases Market are:-
- Linde
India Limited
- Air
Liquide India
- INOX
Air Products
- Praxair
India
- Bombay
Oxygen Corporation Limited
- National
Oxygen Ltd
- Airox
Technologies
- Matheson
Tri-Gas India Pvt. Ltd.
- Bhuruka
Gases Limited
- Ellenbarrie
Industrial Gases Ltd.
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“The
India Rare Gases Market in South India is poised to be the dominant force in
the industry. South India houses several electronics and semiconductor
manufacturing units. The demand for rare gases in semiconductor fabrication
processes is substantial in this region. Welding and metal fabrication
industries use argon for shielding purposes, and this is a significant market
in South India.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“India
Rare Gases Market Segmented By Type (Neon, Krypton and Others), By Function
(Illumination, Insulation and Others), By End-User (Manufacturing &
Construction, Electronics and Others), By Region, and By Competition, 2019-2029,” has evaluated the future growth
potential of India Rare Gases 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 Rare Gases Market.
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