In the upcoming years, there will likely be a rise in the demand for industrial gases due to the expanding need for these gases in the food and healthcare sectors as well as the expanding usage of hydrogen fuel cells for transportation and energy production.
In order to create and store gases in novel ways, as well as to increase their efficiency and lower emissions, gas businesses are investing in research and development. In order to create innovative technologies for absorbing carbon dioxide emissions from power plants, Linde and BASF, for instance, have teamed up.
The COVID-19 pandemic has brought to light the crucial role that industrial gases play in the medical field, especially in the treatment of respiratory disorders. To fulfil demand, businesses like Air Liquide and Praxair have increased output.
The gas sector is changing as a result of the adoption of digital technology. Businesses are employing advanced analytics and automation to streamline their supply chains and increase operational effectiveness. To optimise the production and transport of industrial gases, for instance, Air Products has adopted an AI-based system.
The gas sector is also emphasising environmental impact reduction and sustainability. Businesses are making investments in clean energy sources including wind and solar energy and researching the use of green hydrogen as a fuel. In addition, strategies to lower greenhouse gas emissions from industrial processes are being developed, such as carbon capture and storage.
