The global industrial nitrogen generator market is expected to reach USD 5.5 billion by 2026, according to a new report by MarketsandMarkets™. It is expected to expand at a CAGR of 5.4% during the forecast period. Growing demand for industrial nitrogen generators in the food & beverage and chemical industries for applications such as packaging, chemical synthesis, and food preservation is expected to drive the market.
Based on technology type, PSA industrial nitrogen generators is estimated to be the largest market
PSA industrial nitrogen generators are becoming increasingly popular due to their low cost and high efficiency. They use pressure swing adsorption (PSA) technology to separate nitrogen molecules from other gases in the air, producing a high purity nitrogen stream. PSA industrial nitrogen generators are widely used in a variety of industries such as food and beverage, chemical, pharmaceutical, and electronics. They are also used in laboratory applications, where they provide high purity nitrogen for various analytical processes. In addition, they can be used in a variety of other applications, such as in welding and cutting, and for inerting or blanketing gas tanks. Due to its low cost and high efficiency, PSA industrial nitrogen generators are expected to remain the largest market in the overall industrial nitrogen generator market in 2021.
Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108687006
According to projections for market size, the stationary industrial nitrogen generators segment will dominate
This is due to the fact that stationary industrial nitrogen generators are usually installed in large industrial facilities, such as factories, power plants, and refineries, where high volumes of nitrogen are required for a variety of processes. Stationary industrial nitrogen generators are designed to provide a reliable supply of nitrogen for long periods of time, making them the ideal choice for these types of industrial facilities. Furthermore, the cost of operation for stationary industrial nitrogen generators is relatively low compared to other types of nitrogen generators.
Based on design, plug & play-based industrial nitrogen generators is estimated to be the largest market
This is due to the fact that plug & play-based industrial nitrogen generators are increasingly being adopted by companies as they are easy to install and require minimal installation time and effort. These systems are also cost-effective and provide a reliable source of nitrogen gas on-site. Furthermore, they are also considered to be a safe and efficient way to produce nitrogen gas as they have a built-in safety system that shuts off the system when the pressure exceeds the set limits. This helps prevent potential hazards that may be caused by high-pressure nitrogen gas. Additionally, these systems are also capable of producing nitrogen gas in a wide range of purity levels and flow rates which makes them suitable for various industrial applications.
Food & beverage is anticipated to be the largest end-use industry segment
The food & beverage industry is one of the largest consumers of industrial nitrogen generators. Nitrogen is widely used in the food & beverage sector for food preservation, storage and packaging, modifying the atmosphere in which food is stored, and for controlling the oxidation of food. The food & beverage sector is expected to continue to be the largest end-user of industrial nitrogen generators in 2021, as the sector is expected to witness steady growth in demand for nitrogen generators as a result of increasing awareness of food safety and quality standards.
Share Your Requirements & Get Customized Reports at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=108687006
The industrial nitrogen generator market is expected to grow most quickly in APAC during the forecast period.
The Asia Pacific industrial nitrogen generator market is expected to grow at the highest CAGR during the forecast period. The rising demand for nitrogen from various end-use industries such as oil & gas, food & beverages, chemicals, and pharmaceuticals is expected to drive the growth of the market in this region. Additionally, the presence of a large number of nitrogen generator manufacturers in the region is expected to fuel the market growth. Additionally, the rising demand for nitrogen from various end-use industries such as oil & gas, food & beverages, chemicals, and pharmaceuticals is expected to drive the growth of the market in this region. Furthermore, the presence of a large number of nitrogen generator manufacturers in the region is expected to fuel the market growth.
The key players in the industrial nitrogen generator market include Parker Hannifin Corporation (US), Ingersoll Rand (US), Air Products and Chemicals, Inc. (US), Atlas Copco (Sweden), Air Liquide (France), Hitachi Industrial Equipment System Company (Japan), Inmatec (Germany), Linde Plc (UK), Novair SAS (France), and Oxymat A/S (Denmark) and others.