|
(Health-NewsWire.Net, April 07, 2023 ) The global industrial nitrogen generator market size is projected to reach USD 5.5 billion by 2026 from USD 4.2 billion in 2021, at a CAGR of 5.4% during the forecast period. The increasing demand for industrial nitrogen generator from the packaged and convenient food sector is driving the market. In addition, increasing demand from end-use industries such as food & beverage, transportation, medical & pharmaceutical, chemical, and manufacturing as well as increasing demand due to growing consumer electronics sector is also driving the industrial nitrogen generator market. Growth in urbanization in the emerging economies, such as APAC, Middle East & Africa, and South America, are also driving the market.
Industrial nitrogen generators are equipment, which separate nitrogen from purified compressed air and provide nitrogen for various industrial purposes, such as beverage processing, electronics manufacturing, pharmaceutical drug production and others. 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) are the major players in the market.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=108687006
Browse in-depth TOC on "Industrial Nitrogen Generator Market”
209 - Market Data Tables
46 - Figures
222 - Pages
Based on technology type, the industrial nitrogen generator market is segmented into PSA, membrane based, and cryogenic based. The PSA industrial nitrogen generators segment is the largest, which is projected to continue till 2026. The key growth driver of the high consumption of these industrial nitrogen generators is their use by the food & beverage industry in processing and packaging applications to achieve better quality and longer shelf life. PSA nitrogen generators are also used in automotive electronics, consumer electronic product manufacturing, and metal processing, and so on.
Based on size, the industrial nitrogen generator market is segmented into stationary and portable. The stationary industrial nitrogen generator segment is the largest, which is projected to continue till 2026. The key growth driver of the high consumption of these industrial nitrogen generators is their use in various industries. Stationary industrial nitrogen generators are self-contained and fully integrated and do not require separate air. This also eliminates the requirement of handling high-pressure cylinders. These systems are highly durable and stable under normal operating conditions.
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=108687006
Based on design, the industrial nitrogen generator market is segmented into cylinder based and plug & play based. The plug & play industrial nitrogen generators segment is the largest, which is projected to continue during the forecast period. The key growth driver of the high consumption of these industrial nitrogen generators as they are compact in design and provide the operator with easy accessibility and autonomous function. These systems can be modular or stationary depending on the requirement, provide multistage filtration, are energy-efficient, and have optimum connectivity for real-time information gathering. Plug & play systems are also cost-effective, customizable, reliable, and safe to operate.
Based on end-use industry, the industrial nitrogen generator market is segmented into food & beverage, medical & pharmaceutical, transportation, electrical & electronics, chemical & petrochemical, manufacturing, packaging, and others. Food & beverage is the largest end-use industry of the industrial nitrogen generators market owing to the increased demand for better quality packaged food items, growth in demand for convenient foods, reduction in food wastage, and increasing urbanization in the emerging economies. In addition, the rise in income levels and the growth of the middle-class population are also driving demand for industrial nitrogen generators in the food & beverage industry.
Don't miss out on business opportunities in Industrial Nitrogen Generator Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=108687006
APAC is the largest market for industrial nitrogen generators. This large market share is primarily attributed to emerging economies, such as India, China, Indonesia, Malaysia, Singapore, Vietnam, and Thailand, in the region, where demand for packaged and convenient food products are increasing annually. Moreover, growth in population and increasing urbanization rate are also driving the market for quality processed food products and boosting industrial nitrogen generator consumption. In addition, growth in industrialization, increasing demand due to changing demographics, such as improving living standards, rising disposable incomes, and government initiatives to attract business investments in industries such as automotive, marine, oil & gas, and chemical are also driving the market for industrial nitrogen generators in the region.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
|
