Micro Gas Cylinder Market

Micro Gas Cylinder Market Outlook (2023-2033)

The global micro gas cylinder market registered a CAGR of 3.2% from 2018 to 2022. The market is set to reach a valuation of US$ 876.4 million in 2023 and expand at a CAGR of 6.2% to end up at US$ 1.6 billion by 2033. Sales of micro gas cylinders currently account for around 12% share of the global gas cylinder market.

A micro gas cylinder is a miniature version of a gas cylinder used for storing gas at above atmospheric pressure (approximately 200 bar filling pressure). Common gases that are stored in micro gas cylinders are nitrogen, oxygen, carbon dioxide, and argon. These cylinders find application in the beverage, healthcare, marine, military, aviation, and other sectors.

Owing to large-scale adoption across prominent end-use industries, demand for micro gas cylinders is expected to witness a significant surge in unit sales over the years ahead.

• Enhanced solutions provided for life safety jackets can positively impact market growth.
• The United States and China are projected to witness comparatively high demand for micro gas cylinders, especially from the healthcare sector and aviation industry.
• Rapidly expanding healthcare and beverage industry will drive the demand for micro gas cylinders.

Report Attributes	Details
Market Size (2022A)	US$ 822.1 Million
Estimated Market Value (2023E)	US$ 876.4 Million
Forecasted Market Value (2033F)	US$ 1.6 Billion
Global Market Growth Rate (2023-2033)	6.2% CAGR
North America Market Value (2023)	US$ 257 Million
North America Market Share (2023)	29.3%
Europe Market Value (2023)	US$ 238.4 Million
Europe Market Share (2023)	27.2%
China Market Value (2023)	US$ 104.1 Million
China Market Share (2023)	61%
Market Share of Top 3 Countries	40.7%
Key Companies Profiled	iSi Components GmbH Gas Cylinder Technologies PICOCYL NTG Leland

Why is the Need for Micro Gas Cylinders Rising at a Fast Pace?

“Growing Beverage industry to Drive Demand for Micro Gas Cylinders”

High disposable income, rapid urbanization, and changing lifestyles have led the beverage industry to expand rapidly. Further classified, there are two main beverage industries - alcoholic and non-alcoholic. The leading segment in the beverage industry is non-alcoholic drinks, which include cold drinks, energy drinks, coffee, tea, etc.

The Asia Pacific region is expected to dominate the market for non-alcoholic drinks. High consumption of non-alcoholic drinks in China and India has led the market to grow rapidly in the Asia Pacific region. Micro gas cylinders use food-grade carbon dioxide (CO2) and nitrogen gas, which are used to dispense beer and other carbonated drinks with designed safety-sealed caps. Thus, the increasing use of micro gas cylinders in the beverage industry is poised to accelerate market expansion over the forecast period.

“Increased Government Spending on Fire & Rescue Operations”

Immediate response to fire accidents has always remained a top priority for public as well as private emergency services. Governments are now taking more initiatives to strengthen their fire and rescue departments by investing in them. Not only governments but private funding is also being provided to strengthen the facilities of rescue operations. Governments are hiring more people to be trained as firefighters.

• In 2020, in Europe, approximately 262,200 persons were employed as firefighters. In 2019, the European government spent US$ 35.1 billion on fire protection services. The Department of Interior provides funding for wildland fire management, which was approximately US$ 1.5 billion in 2022.

Considering all the initiatives taken by governments, there will be exponential demand growth for micro gas cylinders over the coming years.

What Do Micro Gas Cylinder Manufacturers Fear?

“Issues May Arise in the Shipping of Micro Gas Cylinders Due to Increase in Raw Material Cost”

The COVID pandemic, Russia-Ukraine war, and rising inflation are causing a rise in raw material costs, which has a direct effect on manufacturing and production. The prices of aluminium and stainless steel as raw materials are skyrocketing. The reason behind the increasing price for raw materials is the scarcity of these resources.

The supply of raw materials is becoming hard to secure and the price is volatile. Therefore, it is up to manufacturers to either absorb the additional cost or find new ways to mitigate these expenses.

Thus, the rising cost of raw materials in the metal industry can complicate the process to manufacture micro gas cylinders, which will adversely affect the sales of the product.

Market share analysis of micro gas cylinders based on gas type and region. Under the gas type segment, nitrogen dominates with 28.6% market share in 2023.

Country-wise Insights

Why is the United States Micro Gas Cylinder Market So Lucrative?

The use of micro gas cylinders in the United States will see a positive growth outlook in the food & beverage industry. Amid the COVID-19 pandemic, 90% of consumers preferred cooking at home rather than ordering from outside. More than 70% of the population takes the time out to prepare meals at home, but with a busy lifestyle, it becomes tough to manage cooking. This will create an opportunity for frozen foods in the United States.

In 2020, 86% of households purchased frozen food items such as frozen pizzas, corn, peas, meat, poultry, etc. The reasons for the inclination towards frozen foods were shelf life, consumer desire to stock up, reduce the number of trips to grocery stores, ease of preparation, etc. This trend has been continuing and rising frozen food demand will increase the need for cold storage facilities, which can create more demand for micro gas cylinders in the future.

Owing to the increasing penetration of cold storage facilities, the United States micro gas cylinder market is expected to reach a valuation of US$ 222 million by 2023.

Will Increasing Healthcare Services in China Drive Micro Gas Cylinder Demand?

• According to the World Bank, China’s per capita healthcare spending in 2019 was US$ 535.13 and the total value was around US$ 936.7 billion in the same year.

In 2021, the Chinese government announced the 14th five-year plan to develop the healthcare sector, and also promote traditional Chinese medicine and deepen the reforms of the medical & healthcare sector. Increasing experiments performed in the healthcare and medicine industry will require modular cleanrooms. Since micro gas cylinders are used in modular cleanrooms, their demand will go up.

The market in China is predicted to expand at a CAGR of 6.9% over the assessment period.

Category-wise Insights

Why is There High Demand for Carbon Dioxide Micro Gas Cylinders?

According to this Fact.MR study, there is high demand for carbon dioxide micro gas cylinders, which will capture 32.3% market share in 2023.

Carbon dioxide has many use cases; for instance, it can be useful in carbonated drinks, cosmetics, fire extinguishers, etc. Every year, the use of carbon dioxide (CO2) is 230 million tonnes globally. North America demands one-third of current global CO2 production at 33%. China is in 2nd position with a share of 21%. The carbon in CO2 enables the conversion of hydrogen into a fuel that is easier to handle.

Carbon dioxide micro gas cylinders systems have high market availability and can be used in the construction of roads, tractors, mining, agriculture, food & beverages, etc.

How Will the Sports Equipment Space Drive the Sales of Micro Gas Cylinders?

CO2 is the least expensive non-combustible pressurized gas and is widely used in bicycle tyre inflation, airsoft guns, and paintball games. Smaller CO2 tanks for paintballs are frequently loaded from bigger CO2 tanks. One can fill the paintball CO2 tank at a sports store as well, which is handled by experts.

Owing to lucrative opportunities offered by the sports industry, wherein, the use case of CO2 gas is high for paintball, airsoft guns, bicycles, etc. the sports equipment segment is expected to reach US$ 355.1 million by 2033-end.

Competitive Landscape

Prominent micro gas cylinder manufacturers are iSi Components GmbH, Gas Cylinder Technologies, PICOCYL, NTG, and Leland.

Leading market players are continually allocating resources for the development of micro gas cylinders to open up new markets for increased sales in various end-use industries. To do this, businesses that make micro gas cylinders are shifting their focus to creating customized solutions. To gain larger profits, businesses are adopting integrated sales channels to reduce the number of stakeholders in the supply chain.

Fact.MR has provided detailed information about the price points of key manufacturers of micro gas cylinders positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Micro Gas Cylinder Industry Research

• By Gas Type :

  • Carbon Dioxide (CO2)
  • Nitrogen (N2)
  • Nitrous Oxide (N2O)
  • Argon (Ar)
  • Gas Mixture
  • Others

• By Volume :

  • Up to 10 ml
  • 11 - 20 ml
  • 21 - 40 ml
  • 41 - 70 ml
  • 71 - 100 ml
  • Above 100 ml

• By Length :

  • Up to 50 mm
  • 50 - 80 mm
  • 80 - 100 mm
  • 100 - 120 mm
  • 120 - 140 mm
  • Above 140 mm

• By Diameter :

  • Up to 10 mm
  • 11 - 20 mm
  • 21 - 30 mm
  • Above 30 mm

• By Usability :

  • Reusable
  • Disposable

• By Application :

  • Fire Protection Equipment
  • Life Saving Equipment (Life Jackets, Life Buoys, Avalanche Airbags, etc.)
  • Evacuation Equipment
  • Medical Devices
  • Sports Equipment
  • Entertainment & Media
  • Research & Analytics
  • Beverage Carbonation
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia &Oceania
  • Middle East & Africa