Press release
Global Nitrogen Purging System Market SWOT Analysis by Key Players: Praxair Technology, Air Products and Chemicals, IKM Testing, Linde, Schlumberger, Airgas, CS&P Technologies, Halliburton, NPS Group, A.Hak Industrial Services BV
This report presents the worldwide Nitrogen Purging System market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Nitrogen purging is an air-cleansing method used to ensure that no trace of harmful contaminants or gases is left in the atmosphere. The ultimate goal here is to re-stabilize the environment to prevent an explosion.
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That is why the industrial use of nitrogen in the oil and gas industry is so common. When aiming to purge pipelines, for instance, dry nitrogen gas can be run through the lines to eliminate any remaining water. In addition, the nitrogen prepares pipelines or vessels that will later be exposed to flammable or explosive gases.
In the coming years there is an increasing demand for Nitrogen Purging System in the regions of North America and Europe that is expected to drive the market for more advanced Nitrogen Purging System. Growth in government budgets in the principal countries, increasing of oil and gas fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Nitrogen Purging System will drive growth in North America and Europe markets.
The Nitrogen Purging System market was valued at 280 Million US$ in 2017 and is projected to reach 360 Million US$ by 2025, at a CAGR of 3.2% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Nitrogen Purging System.
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The following manufacturers are covered in this report:
Praxair Technology
Air Products and Chemicals
IKM Testing
Linde
Schlumberger
Airgas
CS&P Technologies
Halliburton
BHGE
CNPC
NOV
NPS Group
CNOOC
Tang Seng
Smape Srl
A.Hak Industrial Services BV
Dajan
Kerui
DSV Pipetronix
Nitrogen Purging System Breakdown Data by Type
Dilution Nitrogen Purging
Displacement Nitrogen Purging
Others
Nitrogen Purging System Breakdown Data by Application
Oil & Gas
Chemical Industry
Metal Processing
Others
Nitrogen Purging System Production by Region
United States
Europe
China
Japan
Other Regions
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