11/05/2021
Business opportunities in the oxygen industry in the next 5 years
The oxygen market has grown over the last few years. The global oxygen market currently stands at 386 billion. Oxygen accounted for the largest share (2.1%) of industrial gas revenue generation in 2020. Oxygen is used on polluted water and hazardous wastes and for the gasification process of coal. The use of large quantities of oxygen in various industries will increase the demand for industrial oxygen in the coming years.
The lifespan of a virus: The emergence of a life-threatening virus is not new to the world. But over time, that is likely to change. E.g. The polio virus was discovered in 1909. After 41 years, the vaccine was discovered. The HIV / AIDS virus was first detected in 1981. After many years, therapies and medicines became available. It takes 20-30 years to find a cure for any life threatening virus. Until then, the market for immediate therapies continues.
Covid-19: Every 100 years, a deadly virus is produced in the world. Like other viruses, the Covid-19 virus has spread. The first coronavirus was discovered in 1920. Later it’s SERS, MERS, COVID-19 types were developed. The Covid-19 virus has infected the entire world. Its spread is also growing rapidly. But the virus will stay with us until certain treatment is introduced, and the market for immediate therapies and treatment will continue.
Need for Oxygen Products and Services: The demand for medical oxygen has increased across India against the backdrop of rapid increase in the number of Covid patients suffering from respiratory problems. The demand and importance of Oxygen related products and services has increased. Industry is flowing like Ganga in the field of oxygen, take advantages before its late...
1) Oxygen Production Plant: Due to shortage of oxygen, the demand for oxygen plants is increasing across the country to meet the demand for oxygen in medical sector. This business can be started with a big investment and given the current demand, it is likely to generate a turnover of crores of rupees. The need for oxygen plants is high in the medical sector as well as in other industrial sectors.
2) Oxygen Cylinders Supply: Given the current demand for artificial oxygen and its importance, the supply of Oxygen Cylinders will grow rapidly. Oxygen delivery cylinders will be available in the future just like domestic LPG cylinders.
3) Portable Machines: Portable Oxygen Gas Machines are likely to be needed for outdoor use in future for those suffering from respiratory problems. Such as portable oxygen concentrators. These concentrators absorb oxygen from the air and help supply oxygen 24 hours a day. We can carry portable oxygen machines everywhere. The business of such machines will also increase a lot of opportunities.
4) Machine on Rent: The business of renting oxygen machines will also increase. At present, the rent for a normal oxygen machine is around Rs 3,000 to Rs 5,000 per month, while the rent for a portable oxygen machine is around Rs 6,500 per week. This business is included into essential services.
5) Oxygen Therapy: Oxygen therapy allows your lungs to receive oxygen and distribute it in your blood. When your oxygen level is too low, you need oxygen therapy. Supplemental oxygen therapy improves sleep, mood, mental awareness, stamina. The market for such therapies will grow and oxygen therapy businesses will have many opportunities.
6) Oxygen products: Oxygen is oxygen, it needs oxygen in the air we breathe to survive. Given the growing importance of current and future oxygen in the medical field alone, the demand for various oxygen-enhancing products in the diet will increase. Businesses and industries that make these products available in the form of liquid syrups, proteins, juices, and tablets will grow.
7) Oxygen Plants / trees: Plants / trees are natural sources of oxygen. Therefore, if there is a shortage of oxygen in the house, the demand for more oxygen-supplying plants will increase to keep it naturally balanced. Their market will also grow due to increasing demand. People will plant a large number of such plants in pots in the house to keep the oxygen level in the house good.
How we help: Looking at the current growing Oxygen market, do you need guidance on starting an Oxygen small business? We will definitely cooperate. We provide the following business related services.
Feasibility Report: We are one of the leading organizations in offering effective Feasibility report Services both for smaller businesses and medium industries. Our feasibility study is comprehensively designed to provide critical research to capitalize on the market opportunity and gain competitive advantage over others in the respective fields. Our research incorporates, current emerging industry trend, opportunities and threats as well as a thorough competitor analysis in the market.
Project setup Consulting: We are to help entrepreneurs to start, manage and grow their business at affordable price. We are specialized in setting up your business project and Making Your Business Grow. We Provide You Quality assistance in project set up, hiring skilled and unskilled manpower, machinery purchase, plant setup, management guidance, and many more. We are among top 10 business consulting firms in India.
Project Loan: We have assisted many businessmen and companies in preparing quality and in-depth feasibility reports/Business plans and getting project finance from banks, finance firms and investors by analyzing the financial aspects of the project. We are a reliable financial partner that helps entrepreneurs in getting business loan in Mumbai that caters all your business requirements.
Subsidy: We can also help in getting Govt. subsidies for various business. If your business needs funding to grow and we can help you get Govt Approved Loan under subsidy schemes for you easily.
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