Switzerland Industrial Gases Market is expected to grow with the CAGR of 3.9% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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Switzerland industrial gases market is a consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in Switzerland industrial gases market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.
For instance,
- In June 2021, Burckhardt Compression AG received an order for a diaphragm compressor unit for Switzerland's new green hydrogen production plant. This compressor system is designed for hydrogen mobility applications and capable of discharging hydrogen at high pressure and high purity, suitable for fuel cells. This will help the company in the development of green hydrogen infrastructure in Switzerland.
PanGas AG is the dominating player in Switzerland industrial gases market. The other key players existing in the market includes Air Liquide, Air Products Inc. among others.
PanGas AG
PanGas AG is founded in 1898, and is headquartered in Switzerland. The company is engaged in producing and providing industrial gases to its customers. The product categories of the company include gases and mixtures, food gases, medical gases, speciality gases, balloon gases, pharmaceutical gases, and among others. The market focused category is gases and mixtures.
- In May 2011, PanGas AG (A Subsidiary of Linde plc) has opened a new air separation unit (ASU) at Muttenz in Basel with a total capital expenditure of 68 million Swiss francs. This new ASU produces high-purity air gases such as oxygen, nitrogen, and argon for customers in Switzerland, Southern Germany, and Northern France. This expansion has helped the company to enhance its presence in the market
Air Liquide
Air Liquide is founded in 1902 and headquartered in Paris, France. The company is engaged in producing and providing gases, technologies, and services for industry and health. The business categories of the company include healthcare, electronics, engineering and construction, industry, science and new energies. The market focused category is industry.
- In June 2021, Air Liquide entered into a partnership with Severstal CherMK to supply oxygen. Under this partnership, Air Liquide will invest around USD 71 million to construct a state-of-the-art Air Separation Unit (ASU) on the Severstal CherMK site in Russia. This new unit will produce 1,000 tons of oxygen per day. This partnership will help the company to enhance its customer base and to grow in the market.
The company has presence in Asia-Pacific, Europe, North America, Middle East and Africa, and South America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Airgas, Hydrogenics, Air Liquide Japan Ltd., and among others.
Air Products Inc.
Air Products Inc. is founded in 1940 and is headquartered in Pennsylvania, U.S. The company is engaged in producing and providing essential industrial gases, related equipment and applications expertise to refining, chemical, metals, electronics, manufacturing, and food and beverage industries. The product categories of the company include gases, modes of supply, equipment and services. The market focused category is gases.
- In March 2019, Air Products Inc. announced the acquisition of ACP Europe SA, which was the independent carbon dioxide (CO₂) business in Continental Europe. This acquisition enabled the company to serve its customers better and to gain new industrial gas growth opportunities. This acquisition has helped the company to enhance its position in the European market.
The company has presence in Asia-Pacific, Europe, North America, Middle East and Africa, and South America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Air Products Switzerland Sarl, Air Products South Africa Limited, Air Products and Chemicals de Mexico, and among others.
