Nitrogen Generators Market 2020 Application and Future Forecast by 2026 - Allied Market Research

Allied Market Research recently published a report, titled, "Nitrogen Generators Market Analysis by Type (PSA Nitrogen Generator, Membrane Nitrogen Generator, and Cryogenic Nitrogen Generator) and End-use Industry (Food & Beverage, Transportation, Medical & Pharmaceuticals, Electrical & Electronics, Chemicals, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026".

According to the report, the global nitrogen generators industry accounted for $11.77 billion in 2018, and is projected to reach $17.43 billion by 2026, registering a CAGR of 4.9% from 2019 to 2026.

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North America accounted for the highest revenue in 2018 compared to other regions, due to upsurge in adoption of nitrogen generators in major sectors such as food & beverage and medical & pharmaceuticals. In Asia-Pacific and Europe, nitrogen generator acre majorly applicable across industries such as transportation, electrical & electronics, and military.

PSA nitrogen generator dominated the market

By generation type, the PSA nitrogen generator segment held the largest share in 2018, contributing to around half of the global nitrogen generators market, owing to increase use of PSA nitrogen generators across plastic molding industry and food & beverage industry and advantages offered by this generator such as convenience, consistency & reliability, and low operating costs.

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Chemicals segment to manifest the fastest growth

By end users, the chemical segment is projected to portray the fastest CAGR of 6.0% during the forecast period, owing to increase in applications of nitrogen generators in the chemical industry such as purging and blanketing. However, the food & beverage segment dominated the global nitrogen generators market in 2018, contributing to nearly one-fourth of the market, due to rise in number of food & beverage plants globally and dependency of the industry on nitrogen gas to preserve freshness and prevent spoilage of products.

Industry Money Makers
o Air Products and Chemicals, Inc.
o Hitachi Industrial Equipment Systems Co., Ltd.
o Atlas Copco AB
o Linde
o L'Air Liquide S.A.
o Oxymat A/S
o NOVAIR S.A.S
o On Site Gas Systems, Inc.
o Peak Gas Generation
o Parker-Hannifin Corporation

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