Global Xenon Market is valued approximately USD 193.18 million in 2019 and is anticipated to grow with a growth rate of more than 5.43% over the forecast period 2020-2027. Xenon is a trace gas found in the earth’s atmosphere. It may also be developed commercially in air separation systems as a by-product through the separation of oxygen and nitrogen. Xenon is a colourless, odourless, tasteless, flammable, and non-reactive noble gas. The global market for xenon gas is driven by rise in demand from the lighting solutions and insulation industries. Xenon is heat-resistant which makes it an ideal gas to be used in lighting solutions. The rising demand for separated widows in commercial and industrial spaces is also triggering the market share of xenon gas over the forecast period (2020-2027). Apart from this, application of xenon in satellite industry along with the developments in research areas is expected to create significant growth opportunities in the market over the forecast period. The satellite uses xenon-based electric propulsion system. There are many satellite launches scheduled in various emerging as well as developed economies in the upcoming years which use xenon-based electric propulsion system. Some of the announced satellite and spacecraft to be launch over the forecast period are Hotbird 13F to be launch in 2021, Hotbird 13G to be launch in 2021, GSAT-20 and SEC-17 to be launch in 2020 and other. However, high cost associated with xenon gas production coupled with the availability of alternate solutions may hamper the market growth.
The regional analysis of global Xenon market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. With regional perspective, Asia Pacific region is expected to dominate the market share owing to the rising application of xenon in the satellite industry along with the developments in research areas. There are many satellites launches schedules in India in the upcoming year which use xenon-based electric propulsion system. Also, Japan and China are also major countries that use a significant amount of xenon for satellite applications.
Major market player included in this report are:
Air Liquide S.A.
Matheson Tri-Gas, Inc
American Gas Products
The Linde Group
Air Products & Chemicals
Air Water Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Mode of supply
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Xenon Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers