Latest news with #PressureSwingAdsorption
IOL News
30-07-2025
- Business
- IOL News
IDT officials implicated in alleged tender fraud
Public Works and Infrastructure Minister Dean Macpherson briefs the media on the outcomes of the final forensic investigation conducted by PricewaterhouseCoopers (PwC) into the over R800 million Pressure Swing Adsorption (PSA) Oxygen Plant tender awarded by the Independent Development Trust (IDT). Image: Oupa Mokoena / Independent Newspapers A forensic investigation into the R836 million Pressure Swing Adsorption (PSA) Oxygen Plant project tender has exposed widespread procurement irregularities, fraud, and governance failures within the Independent Development Trust (IDT). The project aimed to install oxygen plants at 60 state hospitals nationwide. Minister of Public Works and Infrastructure Dean Macpherson on Tuesday released the findings and recommended disciplinary action against IDT chief executive officer Tebogo Malaka, general manager for supply chain management Dr Molebedi Sisi, and other officials. He has also taken steps to implement consequence management, including referring the matter to the Hawks and meeting with the newly appointed IDT board. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. 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The investigation by PricewaterhouseCoopers (PwC) revealed that several companies, including Bulkeng (Pty) Ltd, were awarded contracts without valid South African Health Products Regulatory Authority (SAHPRA) licences. Macpherson stated that Bulkeng submitted a SAHPRA licence belonging to Atlas Copco Industrial SA without their knowledge or consent, constituting "clear misrepresentation" and "fraud". Furthermore, Bulkeng planned to subcontract over 25% of its responsibilities without disclosure, violating procurement regulations. The investigation also found significant flaws in the bid evaluation process, including the deliberate removal of SAHPRA compliance requirements, allowing ineligible bidders to participate and win contracts. Macpherson expressed shock at the missing or incomplete meeting minutes. The investigation report also revealed multiple irregularities in the tender process, including improperly constituted committees, undocumented bid scores, and non-transparent price negotiations. The report noted that the project's costs escalated significantly, from an initial estimate of R216.9m to R253.3m at the design stage, and eventually to R592.5m for implementation. Bulkeng was awarded contracts worth R428m, despite its CIDB grading limiting it to contracts up to R200m. The report found that Malaka failed to exercise adequate oversight, ignoring red flags raised by the Department of Health, and failing to convene necessary risk committees. Dr Sisi was also implicated for misleading stakeholders and failing to fulfill his responsibilities. The report stated that Dr Sisi advised against cancelling the RFQ process despite warnings from the Department of Health, assuring Malaka and the evaluation committees that the procurement process was compliant. However, key regulatory requirements, such as valid SAHPRA licences, were not enforced. Both Malaka and Sisi approved contracts based on flawed internal assurances, according to the report. The report recommended disciplinary action against officials involved in the tender, particularly Malaka, for endorsing the RFQ process despite irregularities and incorrectly appointing Health Department officials. Malaka also faces criticism for improperly establishing and managing the bid specification committee (BSC) and bid evaluation committee (BEC), appointing National Department of Health officials as members instead of observers, and violating procurement protocols. Dr Sisi is also implicated for failing to handle procurement issues in a fair, transparent, and equitable manner, as required by the IDT's supply chain management policy and the Constitution. Additionally, the report criticises the BEC secretariat for failing to maintain accurate records of meetings and proceedings. Cape Times
IOL News
30-07-2025
- Business
- IOL News
Disciplinary actions announced after R800 million PSA Oxygen Plant tender investigation
Forensic investigation into R800 million PSA oxygen plant tender to be disclosed by Minister Macpherson. Image: Picture: File Public Works Minister Dean Macpherson announced a series of disciplinary and criminal actions following the shocking findings of a forensic investigation into the controversial R800 million Pressure Swing Adsorption (PSA) Oxygen Plant tender. During a media briefing on Tuesday, Macpherson revealed the final results of a forensic investigation into the controversial R800 million Pressure Swing Adsorption tender awarded by the Independent Development Trust (IDT). The investigation was conducted by global consultancy firm PricewaterhouseCoopers (PwC), following months of scrutiny and allegations of procurement irregularities by the entity's officials. The report exposes systemic governance failures, procedural breaches, and outright fraud that have plagued the IST for years and threaten South Africa's public health infrastructure and integrity. "From the moment I stepped into this role, I was already aware of long-standing allegations of maladministration, financial misconduct, and corruption at the IDT," Macpherson declared during a briefing in Pretoria. The latest scandal, which came to light in October 2024, revealed alarming details about the procurement process for the PSA Oxygen Plant project. With a budget of R836 million, this crucial initiative was to supply oxygen systems to 60 hospitals nationwide. Of this, R528 million was allocated directly to the IDT. According to the report, one company, associated with a 'ghost' entity, submitted questionable documentation and appeared to have no physical presence or regulatory approval, raising clear suspicions of fraud. "This was a clear misrepresentation. It was fraud," Macpherson stated. 'This critical omission allowed ineligible bidders to participate and secure contracts worth over R428 million—more than double Bulkeng's CIDB grading limit of R200 million.' The report highlights a litany of procedural breaches, including missing meeting minutes or incomplete procurement committees that were improperly constituted; bid evaluation scores were inadequately documented; and price negotiations lacked transparency. 'For instance, the project's initial budget of R216 million ballooned to over R590 million—without documented approvals or value-for-money assessments.' Macpherson stated that the governance failure extended to the very top. Forensic report reveals fraud in R800 million oxygen plant procurement process. Image: Thabo Makwakwa 'The IDT's board lacked quota membership for months, internal audit functions were absent, and record-keeping was poor. 'Most critically, CEO Tebogo Malaka failed to exercise oversight, relying solely on internal SCM staff and ignoring red flags the Department of Health raised. Macpherson stated that despite urgent warnings from the Department of Health, he advised against canceling the RFQ, falsely asserting that procurement was compliant when key regulatory requirements, like valid SAHPRA licenses - had not been enforced. Macpherson announced that disciplinary proceedings are already underway against Malaka, Sisi, and other implicated officials, with referrals to the Hawks for criminal investigations, aimed at ensuring accountability and justice. 'Disciplinary measures against Ms Malaka for confirming the procurement process despite irregularities, and for appointing Department of Health officials as members rather than observers, as prescribed. Accountability for Sisi, who advised stakeholders to proceed despite warnings and regulatory breaches. Review of procurement processes, including proper documentation, committee composition, and adherence to regulations. He also reaffirmed the appointment of a new full-term IDT board, led by Chairwoman Zimbini Hill and Deputy Chair Professor Raymond Nkado, tasked with turning the agency around. Get your news on the go, click here to join the Cape Argus News WhatsApp channel. Cape Argus
IOL News
29-07-2025
- Business
- IOL News
Fraud revealed in R800 million oxygen plant tender, Macpherson announces disciplinary action against IDT CEO
Forensic report reveals fraud in R800 million oxygen plant procurement process. Image: Thabo Makwakwa Public Works Minister Dean Macpherson announced a series of disciplinary and criminal actions following the shocking findings of a forensic investigation into the controversial R800 million Pressure Swing Adsorption (PSA) Oxygen Plant tender. During a media briefing on Tuesday afternoon, Macpherson revealed the final results of a forensic investigation into the controversial R800 million Pressure Swing Adsorption tender awarded by the Independent Development Trust (IDT) The investigation was conducted by global consultancy firm PricewaterhouseCoopers (PwC), following months of scrutiny and allegations of procurement irregularities by the entity's officials. The report exposes systemic governance failures, procedural breaches, and outright fraud that have plagued the IST for years and threaten South Africa's public health infrastructure and integrity. "From the moment I stepped into this role, I was already aware of long-standing allegations of maladministration, financial misconduct, and corruption at the IDT," Macpherson declared during a briefing in Pretoria. "These concerns have haunted the agency for years; unfinished projects, irregular tenders, and audit disclaimers have severely damaged its credibility." The latest scandal, which came to light in October 2024, revealed alarming details about the procurement process for the PSA Oxygen Plant project. With a budget of R836 million, this crucial initiative was to supply oxygen systems to 60 hospitals nationwide. Of this, R528 million was allocated directly to the IDT. The forensic report, which Macpherson presented publicly, indicates that multiple companies awarded contracts lacked proper certification, verifiable contact details, or legitimate operational capacity. Video Player is loading. 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Next Stay Close ✕ According to the report, one company, associated with a 'ghost' entity, submitted questionable documentation and appeared to have no physical presence or regulatory approval, raising clear suspicions of fraud. "This was a clear misrepresentation. It was fraud," Macpherson stated. 'The investigation further revealed that one company, Bulkeng (Pty) Ltd, submitted a SAHPRA license belonging to Atlas Copco Industrial SA without authorisation - a blatant act of fraud. Additionally, Bulkeng planned to subcontract over 25% of its responsibilities to Brutes Air Solutions but failed to disclose this, violating the Preferential Procurement Regulations.' The procurement process itself was severely flawed. The report confirmed that the SAHPRA compliance requirement - initially included in the Project Execution Plan and the Department of Health's Memorandum of Agreement, was deliberately removed from the final Request for Proposals (RFP). 'This critical omission allowed ineligible bidders to participate and secure contracts worth over R428 million—more than double Bulkeng's CIDB grading limit of R200 million.' The report highlights a litany of procedural breaches, including missing meeting minutes or incomplete procurement committees that were improperly constituted; bid evaluation scores were inadequately documented; and price negotiations lacked transparency. 'For instance, the project's initial budget of R216 million ballooned to over R590 million—without documented approvals or value-for-money assessments.' Macpherson stated that the governance failure extended to the very top. 'The IDT's board lacked quota membership for months, internal audit functions were absent, and record-keeping was poor. 'Most critically, CEO Tebogo Malaka failed to exercise oversight, relying solely on internal SCM staff and ignoring red flags the Department of Health raised. 'She did not verify documentation or convene necessary risk committees, instead endorsing flawed processes.' The report also criticises Dr Molebedi Sisi, the IDT's General Manager for Supply Chain Management, for misleading internal stakeholders. Macpherson stated that despite urgent warnings from the Department of Health, he advised against canceling the RFQ, falsely asserting that procurement was compliant when key regulatory requirements, like valid SAHPRA licenses - had not been enforced. 'It is important to note that no Global Fund resources were involved in this project. This justified swift government intervention to safeguard donor funds. 'The procurement has now been redirected through the Development Bank of Southern Africa (DBSA), ensuring the oxygen systems are acquired without further delay.' Macpherson announced that disciplinary proceedings are already underway against Malaka, Sisi, and other implicated officials, with referrals to the Hawks for criminal investigations, aimed at ensuring accountability and justice. Macpherson outlined specific areas for immediate action. 'Disciplinary measures against Ms Malaka for confirming the procurement process despite irregularities, and for appointing Department of Health officials as members rather than observers, as prescribed. Accountability for Sisi, who advised stakeholders to proceed despite warnings and regulatory breaches. Review of procurement processes, including proper documentation, committee composition, and adherence to regulations. He suggested Training and capacity building for SCM officials to prevent future irregularities and strengthen governance frameworks across the IDT and related entities. "This is not just about one tender," Macpherson asserted. "It's about the kind of state we are building - an ethical, capable, and developmental one." He said the government will leave no stone unturned in rooting out corruption and restoring public trust. He also reaffirmed the appointment of a new full-term IDT board, led by Chairwoman Zimbini Hill and Deputy Chair Professor Raymond Nkado, tasked with turning the agency around. Macpherson praised Hill's resilience amid attacks rooted in sexism and racism, and expressed confidence in the board's ability to implement the report's recommendations. "This is about the kind of state we are building. Today's actions demonstrate our unwavering commitment to building an ethical, capable, and developmental state. Anyone who opposes transparency and accountability opposes the principles our democracy was built upon." He warned that tolerating corruption undermines the very fabric of South Africa's democracy, erodes public trust, and betrays the people who rely on these vital services. IOL Politics
Yahoo
12-06-2025
- Business
- Yahoo
Air Separation Unit Market is expected to reach USD 7 billion by 2034, growing at a 5.5% CAGR
Air Separation Unit (ASU) Market Outlook 2025-2034 Luton, Bedfordshire, United Kingdom, June 12, 2025 (GLOBE NEWSWIRE) -- The global Air Separation Unit (ASU) market, valued at approximately USD 4.5 billion in 2024, is poised for consistent growth and is projected to reach USD 7 billion by 2034, expanding at a Compound Annual Growth Rate (CAGR) of 5.5%. ASUs play a critical role in producing industrial gases such as oxygen, nitrogen, and argon—essential components for numerous industries including chemicals, healthcare, food and beverage, and electronics manufacturing. Download PDF Brochure: The ongoing industrialization across emerging economies, the rising demand for high-purity gases, and innovations in energy-efficient separation technologies are driving forces behind this upward trajectory. Additionally, the increasing relevance of ASUs in renewable energy applications, particularly hydrogen production and carbon capture, is opening new avenues for market expansion. Market Segmentation Overview The ASU market is segmented across several axes, including technology type, product, configuration, operation mode, end-use industry, scale of operation, and geography. These segments highlight the diverse applications and operational models associated with ASUs. By Technology Type Cryogenic Air Separation Units dominate the market, owing to their capability to produce high-purity gases in large volumes, especially for chemical and metallurgical processes. Non-Cryogenic Air Separation Units, such as Pressure Swing Adsorption (PSA) and Membrane Separation systems, serve sectors that require lower gas volumes and purity—like healthcare and food processing. By End-Use Industry The Chemical Industry leads the market, driven by vast demand for oxygen and nitrogen in manufacturing fertilizers, ammonia, and other industrial chemicals. Electronics Manufacturing is rapidly emerging, due to the requirement for ultra-high purity gases in semiconductor fabrication. The Oil & Gas Sector utilizes nitrogen for processes like enhanced oil recovery and pipeline purging. The Healthcare Sector has seen increasing demand, especially with the growing need for medical oxygen in hospitals and home care setups. By Configuration and Operation Mode Large-Scale ASUs are vital for servicing major industrial clients with high-volume needs. Small and Medium ASUs offer localized, flexible, and cost-effective solutions for smaller manufacturers. Continuous Operation Mode is preferred for stable, uninterrupted production, while Batch Mode is suitable for applications with intermittent or variable demand. By Product Type Nitrogen holds the largest share due to its extensive use across industries like food preservation and electronics. Oxygen is indispensable in healthcare and metal processing. Argon, although a smaller segment, serves important niche roles in welding and semiconductor applications. By Scale of Operation On-Site ASUs provide direct, uninterrupted supply to end-users, improving reliability and reducing logistics costs. Off-Site Units, though smaller in market share, are gaining traction for decentralized and flexible production models. Browse full Report - Regional Market Landscape North America North America commands the largest share, contributing nearly 40% of global revenue in 2024. The region's advanced manufacturing infrastructure, high demand from the healthcare and electronics sectors, and strong adherence to energy-efficient practices support its dominance. The regulatory environment, which increasingly favors cleaner industrial technologies, further incentivizes investment in ASU infrastructure. Asia-Pacific The Asia-Pacific region is projected to grow at a CAGR of 6.5%, driven by rapid industrial development, particularly in countries like China, India, and South Korea. The chemical and electronics industries are booming in this region, supported by a large consumer base, improving healthcare systems, and substantial government investments in infrastructure and industrialization. Europe Europe holds a 25% market share, supported by its established industrial base and stringent environmental regulations that encourage the use of energy-efficient and low-emission technologies. However, market growth here is slightly restrained due to economic fluctuations and rising energy prices. Emerging Markets Regions such as Southeast Asia and Latin America offer high growth potential. Government policies favoring industrial expansion, increasing foreign direct investment, and an expanding manufacturing base drive growth. Yet, these regions also face challenges such as inadequate infrastructure, political uncertainty, and evolving regulatory frameworks. Key Market Drivers Several pivotal factors are accelerating the adoption and growth of ASUs globally: Rising Demand for Industrial Gases: Increasing applications across chemical, healthcare, and electronics industries have led to a surge in demand for high-purity oxygen and nitrogen. Technological Advancements: Innovations in cryogenic processes and membrane separation techniques are enhancing efficiency and reducing energy consumption. Sustainability Goals: Global environmental initiatives are pushing industries to adopt cleaner, more efficient technologies, with ASUs playing a central role in hydrogen and carbon capture projects. Industrial Expansion: Developing economies are investing heavily in manufacturing, thereby increasing the need for ASUs in sectors such as food, metal processing, and petrochemicals. Market Segmentation Technology Type - Cryogenic Air Separation Units - Non-Cryogenic Air Separation Units (Pressure Swing Adsorption, Membrane Separation) End-Use Industry - Chemical - Electronics - Oil & Gas - Metallurgical - Healthcare - Others Configuration Type - Large-scale Air Separation Units - Small and Medium-sized Air Separation Units Operation Mode - Continuous - Batch Product Type - Nitrogen - Oxygen - Argon - Others Scale of Operation - On-site - Off-site Region - North America - Latin America - Europe - Asia-Pacific - Middle East & Africa Market Challenges and Constraints Despite robust growth prospects, the ASU market faces several barriers: High Capital Requirements: The installation and maintenance of ASUs require significant financial investment, particularly for cryogenic systems. Supply Chain Vulnerabilities: Disruptions in raw material supply, geopolitical conflicts, and fluctuating costs can impact production and profitability. Complex Regulatory Landscape: Complying with diverse regional standards often necessitates additional R&D and administrative investments. Geopolitical Risks: Political instability in key manufacturing hubs could affect trade routes, production schedules, and overall market stability. Emerging Trends and Future Opportunities The evolving energy and industrial landscape presents multiple growth opportunities for ASU manufacturers and suppliers: Hydrogen Economy: ASUs are increasingly integral to green hydrogen production, positioning them as key components in the global energy transition. Digitalization: The incorporation of IoT and predictive analytics into ASU operations is improving efficiency, uptime, and real-time performance monitoring. Flexible Business Models: Models like ASU leasing and shared ownership are enabling smaller firms to access advanced gas separation capabilities without incurring heavy capital expenditures. Specialized Applications: High-growth potential is emerging in the agricultural sector, where nitrogen is used in fertilizers, and in pharmaceuticals, where high-purity gases are essential for safe and sterile operations. Key Competitors Air Products and Chemicals, Inc. Linde plc Praxair Technology, Inc. Air Liquide S.A. Messer Group GmbH Taiyo Nippon Sanso Corporation AGA Gas AB Universal Industrial Gases, Inc. Southern Industrial Gas Sdn Bhd INOXCVA BOC Group (a member of Linde plc) National Oxygen Limited Iwatani Corporation WillScot Mobile Mini Holdings Corp. Airgas, Inc. Buy Now: Recent Market Developments Company Name: Air Products and Chemicals, Inc. Month & Year: October 2023 Type of Development: Partnership Detailed Analysis: Air Products entered into a strategic partnership with a significant renewable energy company to develop hydrogen production technologies. This collaboration is aimed at advancing sustainable practices in energy sectors and reducing carbon footprints. The partnership will leverage Air Products' leading position in industrial gas production and the partner's expertise in renewable energy technology. This development signifies a vital shift in the industry as it moves toward sustainable solutions, particularly with increasing global focus on hydrogen as a clean energy source. As competitors observe Air Products' commitment to sustainability, it might encourage similar initiatives, thus potentially reshaping the market in favor of greener technologies and renewable resources. Companies may pursue similar alliances, indicating a trend toward sustainability in industrial practices. Company Name: Linde plc Month & Year: September 2023 Type of Development: Acquisition Detailed Analysis: Linde plc announced the acquisition of a smaller but innovative manufacturer of air separation plant technologies in an effort to enhance its service portfolio and technological edge. This strategic decision not only fortifies Linde's market position but enables the integration of advanced technologies into their existing operations. This acquisition may lead to accelerated growth opportunities, considering Linde will have access to cutting-edge technologies and proprietary systems. The competitive landscape could see a shift as Linde gains an enhanced service offering and improved product delivery times. This reinforces a broader industry trend where larger players are consolidating to acquire technological advancements from niche players, thus leading to a more concentrated market structure. Company Name: INOXCVA Month & Year: August 2023 Type of Development: Expansion Detailed Analysis: INOXCVA announced plans to expand its air separation unit (ASU) manufacturing facility in India. This expansion aims to meet the growing demand for industrial gases across sectors such as healthcare, metal fabrication, and chemicals. This strategic move is significant for INOXCVA as it strengthens its domestic manufacturing capabilities while reducing lead times for clients. The expansion might induce competitive pressures, compelling other players to ramp up their own capacities or enhance service offerings. Additionally, the localized production could lead to reduced costs, promoting further industrial growth in India. This development aligns with the larger trend of companies seeking to localize production facilities to better serve regional markets. Company Name: Praxair Technology, Inc. Month & Year: July 2023 Type of Development: Technological Advancement Detailed Analysis: Praxair Technology announced the launch of a next-generation air separation technology that provides higher efficiency and lower energy consumption. This technological breakthrough is crucial as it aligns with global demands for more energy-efficient solutions amidst rising energy costs. The new system is expected to reduce operational costs significantly while emitting less greenhouse gas. Praxair's innovation could set new industry standards, prompting competitors to invest in similar technological advancements. This aligns with an increasing industry trend toward integrating more sustainable and energy-efficient solutions into industrial gas production. Company Name: Airgas, Inc. Month & Year: June 2023 Type of Development: Product Launch Detailed Analysis: Airgas, Inc. announced the launch of a new line of specialty gases designed specifically for the pharmaceutical and biotechnology industries. This product launch is significant as it addresses the increasing demand for high-purity gases essential for research and production in these critical sectors. By catering to specialized industry requirements, Airgas positions itself as a leader in providing reliable supply solutions tailored to the needs of high-stakes industries. This development could trigger a competitive shift, leading other companies to innovate and diversify their product lines. The focus on specialized gases indicates a broader trend within the air separation market to develop customized solutions that enhance operational efficiencies for users in regulated industries. This report is also available in the following languages : Japanese (空気分離ユニット市場), Korean (공기 분리 장치 시장), Chinese (空气分离装置市场), French (Marché des unités de séparation d'air), German (Markt für Luftzerlegungsanlagen), and Italian (Mercato delle unità di separazione dell'aria), etc. Request Sample Pages: More Research Finding – Non Cryogenic Air Separation Unit Market The non-cryogenic air separation unit (ASU) market is positioned at an estimated value of USD 4.8 billion in 2024, expected to grow substantially over the next decade. By 2034, the market is projected to reach approximately USD 6.9 billion, reflecting a Compound Annual Growth Rate (CAGR) of around 4.7% during the 2025-2034 forecast period. Cement Separators Market The global cement separators market is valued at approximately $1.8 billion in 2024, with a projected growth to around $3.1 billion by 2034. This growth trajectory represents a compound annual growth rate (CAGR) of about 6.2% during the forecast period of 2025 to 2034. Air Separation Plant Market The global Air Separation Plant market is valued at approximately $5.5 billion in 2024, with an anticipated increase to around $9.1 billion by 2034. This growth trajectory represents a Compound Annual Growth Rate (CAGR) of approximately 5.2% over the forecast period from 2025 to 2034. Mineral Adsorbent Market The global Mineral adsorbents market is expected to grow at 6 % CAGR from 2020 to 2029. It is expected to reach above USD 6.59 billion by 2029 from USD 3.9 billion in 2020. Cryogenic Equipments Market The cryogenic equipment market is poised for significant growth, with a current market value estimated at approximately $20.5 billion in 2024. Projections indicate this market will reach nearly $32.7 billion by 2034, reflecting a robust Compound Annual Growth Rate (CAGR) of around 4.6% during the forecast period from 2025 to 2034. Cryocoolers Market The global cryocooler market is valued at approximately $3.5 billion, driven by advancements in aerospace, healthcare, and electronics. The market is projected to reach around $5.8 billion by 2034, reflecting a robust growth trajectory. The Compound Annual Growth Rate (CAGR) for the period from 2025 to 2034 is estimated at 5.4%, highlighting significant investment and technological innovation. Superconducting Wire Market The global superconducting wire market is valued at approximately $1.9 billion, driven by applications across energy, transportation, and healthcare sectors. This market is expected to grow significantly, projecting a market value of around $4.5 billion by 2034. This represents a robust Compound Annual Growth Rate (CAGR) of approximately 9.2% during the forecast period from 2025 to 2034. Superconducting Magnetic Resonance Cold Head Market The Superconducting Magnetic Resonance (SMR) Cold Head market is anticipated to reach a value of approximately $1.2 billion in 2024, with expectations for significant growth to about $2.3 billion by 2034. This indicates a Compound Annual Growth Rate (CAGR) of around 7.1% for the period from 2025 to 2034. Medical Gas Making Equipment Market The global medical gas making equipment market is valued at approximately $1.2 billion, driven by the rising demand for medical gases in hospitals and the growth of home healthcare services. The projected market value is expected to reach around $2.3 billion by 2034, reflecting robust growth opportunities in emerging markets and innovations in technology. Hospital Centralized Oxygen Supply System Market The global market for Hospital Centralized Oxygen Supply Systems is valued at approximately $2.5 billion, with expectations to reach about $4.8 billion by 2034. This growth trajectory indicates a strong Compound Annual Growth Rate (CAGR) of around 7.2% during the forecast period of 2025–2034. Hydrogen Refueling Station Chiller Market The global market for hydrogen refueling station chillers is poised for significant growth, valued at approximately $250 million in 2024. Projections indicate a robust rise, with an expected market value reaching around $1 billion by 2034. This reflects a compound annual growth rate (CAGR) of about 15% during the forecast period from 2025 to 2034. Vegan Frozen Food Market The global vegan frozen food market is valued at approximately $5 billion in 2024, with a robust growth trajectory anticipated over the next decade. By 2034, the market is projected to reach around $12 billion, representing a significant increase fueled by changing consumer preferences and health awareness. This growth corresponds to a compound annual growth rate (CAGR) of approximately 8.4% from 2025 to 2034. Industrial Helium Purification Market The global industrial helium purification market is valued at approximately $5.2 billion in 2024. Projections indicate significant growth, with an expected market value reaching about $9.4 billion by 2034. This trajectory results in a compound annual growth rate (CAGR) of around 6.2% during the forecast period from 2025 to 2034. LNG Cryogenic Equipment Market The global Liquefied Natural Gas (LNG) cryogenic equipment market is projected to reach a value of approximately $12 billion in 2024, driven by increasing demand for cleaner energy sources and rapid industrialization. The market is anticipated to grow at a compound annual growth rate (CAGR) of 8% from 2025 to 2034, potentially valuing the market at around $28 billion by 2034. Cryogenic Submerged Electric Motor Pump Market The global market for cryogenic submerged electric motor pump systems is projected to be valued at approximately $2.1 billion in 2024, with expectations of reaching around $3.9 billion by 2034. This growth represents a Compound Annual Growth Rate (CAGR) of about 6.5% during the forecast period of 2025 to 2034. Cryogenic Liquids Market The global cryogenic liquids market is valued at approximately $16.5 billion in 2024 and is projected to reach around $28.4 billion by 2034. This growth represents a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period from 2025 to 2034. The market dynamics are primarily influenced by the rising demand for liquefied natural gas (LNG), increasing applications in industrial processes, and advancements in transportation technologies. Dilution Refrigerators Market The global dilution refrigerator market is valued at approximately $385 million in 2024, driven by advancements in cryogenic technology and increased demand in quantum computing and low-temperature physics. The market is projected to reach around $600 million by 2034, indicating significant growth potential. Cryo Bio Freezer Market The global cryo bio freezer market is valued at approximately $1.2 billion, driven by advancements in biopharmaceuticals and biotechnology. The market is projected to reach around $2.5 billion by 2034, translating to a robust Compound Annual Growth Rate (CAGR) of about 7.7% during the forecast period of 2025–2034. High Purity Industrial Helium Gases Market The global high purity industrial helium gas market is valued at approximately $3.7 billion in 2024, and it is projected to reach around $6.2 billion by 2034. This growth trajectory indicates a robust Compound Annual Growth Rate (CAGR) of 5.3% over the forecast period from 2025 to 2034. CONTACT: Irfan Tamboli (Head of Sales) Phone: + 1704 266 3234 Email: sales@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News18
05-06-2025
- Health
- News18
Centre To Conduct Nationwide Covid Mock Drill Today As Active Cases Breach 4000-Mark
Last Updated: The upcoming drill will evaluate preparedness in critical areas such as isolation wards, oxygen supply, ventilator availability, and essential medicines. In response to a recent uptick in Covid-19 infections, the Ministry of Health and Family Welfare will conduct a nationwide facility-level mock drill on June 5 to assess hospital readiness across the country, official sources confirmed. The exercise comes as India reported an increase of 276 active Covid cases on Wednesday, bringing the total number of active cases to 4,302, according to data released by the Ministry. Seven deaths were recorded in the past 24 hours, with Maharashtra accounting for four, and Tamil Nadu, Delhi, and Gujarat reporting one fatality each. The cumulative death toll now stands at 44. The upcoming drill will evaluate preparedness in critical areas such as isolation wards, oxygen supply, ventilator availability, and essential medicines. It aims to ensure that hospitals are equipped to respond effectively in the event of another surge in cases. The decision to conduct the drill follows a series of technical review meetings chaired this week by Director General of Health Services (DGHS), Dr. Sunita Sharma, amid growing concern over the rise in infections. States have been instructed to ensure the availability and functionality of vital medical infrastructure. As part of these preparations, a preliminary mock drill was held on June 2, specifically assessing oxygen supply systems including Pressure Swing Adsorption (PSA) plants, Liquid Medical Oxygen (LMO) tanks, and Medical Gas Pipeline Systems (MGPS). The June 5 mock drill is part of a broader strategy to proactively reinforce the country's Covid response mechanism and maintain robust healthcare readiness across all states and union territories. First Published: June 05, 2025, 07:20 IST
