The Langmuir equation describes the relationship between the amount of gas adsorbed on a solid surface and the pressure of the gas at constant temperature. It is based on the assumption that adsorption occurs at specific homogeneous sites on the adsorbent surface, and that once a site is filled, no further adsorption can occur at that site. This model is significant in understanding how molecules interact with surfaces and is foundational in the study of adsorption isotherms.