According to a new report published by Allied Market Research, titled, ” The Nitrogen Generators Market Size was valued at $8.1 billion in 2020, and is estimated to reach $14.6 billion by 2032, growing at a CAGR of 4.8% from 2023 to 2032.
The nitrogen generatorsmarket is mainly driven by growth of global manufacturing industry and increase in investment in food & beverage, pharmaceutical and chemical processing industry. However, requirement of frequent maintenance of nitrogen generators has the potential to limit growth of the market. Contrarily, growth in electronics industry is anticipated to be a major nitrogen generators market opportunity.
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Nitrogen Generators Market Dynamics
The nitrogen generators market is significantly driven by growth in the industrial sector, a key contributor to national GDP. Governments worldwide support industrial expansion through favorable policies and financial incentives, accelerating industrialization in various economies. Nitrogen is extensively utilized in industries such as pharmaceuticals, food and beverages, medical laboratories, oil and gas refineries, and more. Consequently, policies promoting industrialization have boosted nitrogen demand, fueling the growth of the nitrogen generators market.
The market is analysed among the three types of nitrogen generators, including PSA nitrogen generator, membrane nitrogen generator, and cryogenic nitrogen generator. Among these technologies, the PSA nitrogen generator segment accounted for the highest nitrogen generators market share in 2020. A lot of manufacturers buy nitrogen generators to produce nitrogen at their facility. PSA nitrogen generators being more easy to operate and also having high purity rate are bought more than any other generators.
Furthermore, small and large scale industries utilize nitrogen generators. Food & beverage industry uses nitrogen to fill inside their packaged foods to prevent them from foiling. On the other hand, the transportation industry requires nitrogen for filling in tires to improve the performance of tires. The transportation industry also uses nitrogen during the transportation of hazardous goods. Nitrogen helps in modifying the environment surrounding the hazardous material. Moreover, medical and pharmaceutical industries are among the major users of nitrogen, as this gas is useful during the laboratory tests, and to prevent the organs and other biologics from getting foiled.
The electrical & electronics industry utilize nitrogen gas to prevent oxidation during semiconductor manufcaturing. Furthermore, chemicals industry uses nitrogen to modify the environment surrounding hazardous oil and gas. In 2020, the chemicals segment dominated the nitrogen generators market, in terms of revenue. Chemical industry is known for handling very hazardous process which is not properly handled can lead to a catastrophe. Nitrogen gas is one of the ways to prevent any mishap including reaction with oxygen in the process.
Key Benefits for Stakeholders
- The report offers a detailed analysis of current and emerging trends in the nitrogen generators market.
- In-depth market estimations are provided for key segments from 2020 to 2032.
- Comprehensive analysis includes product positioning and monitoring of top competitors within the nitrogen generators market framework.
- Regional analysis highlights prevailing opportunities across all regions.
- Revenue and volume forecasts for the nitrogen generators market from 2023 to 2032 are included.
- Key market players are profiled, with their strategies thoroughly analyzed to provide insights into the competitive landscape of the nitrogen generators industry.
By Type
- PSA Nitrogen Generator
- Membrane Nitrogen Generator
- Cryogenic Nitrogen Generator
By End User
- Food and Beverage
- Transportation
- Medical and Pharmaceuticals
- Electrical and Electronics
- Chemicals
- Others
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
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Key Market Players
- Parker-Hannifin Corporation
- Linde plc
- Atlas Copco AB
- Peak Scientific Instruments
- Hitachi Ltd. (Hitachi Industrial Equipment Systems Co., Ltd.)
- PCI
- NOVAIR SAS
- Air Liquide
- Air Products and Chemicals, Inc.
- On Site Gas Systems, Inc.
About Us:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
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