Nitrogen Generators Market Worth $17,435.5 Million by 2026 | Key Drivers, Restraints & Opportunity

According to a new report published by Allied Market Research, titled, " Nitrogen Generators Market by Generator Type and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global nitrogen generators market size was $11,776.1 million in 2018, and is projected to reach $17,435.5 million in 2026, growing at a CAGR of 4.9%. The PSA nitrogen generator segment accounted for over two-fifths of the market share in 2018, and is expected to witness significant growth during the nitrogen generators market forecast period.

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Nitrogen generators are used to generate high purity nitrogen gas of 99.995%. The demand for nitrogen generators has been witnessed to increase across the globe, as they serve as an economical method, prevent gas wastage, and offer enhanced safety. Furthermore, development of the medical industry in economies such as the U.S., China, and India drive the growth of the nitrogen generators industry.

Nitrogen generators find their major application in aviation, electronics, and chemical industries. Hence, the escalating adoption of nitrogen generators is expected to boost the development of the industry. However, traditional nitrogen supply methods such as nitrogen cylinders and newer substitutes such as nitrogen tire inflation equipment are anticipated to hinder the growth of the industry. On the contrary, technological advances such as combining wireless technology in the generators are anticipated to generate lucrative opportunities for the nitrogen generators market growth.

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Key Market Segments

The global nitrogen generators market is segmented into generator type, end-user industry, and region. Depending on generator type, the market is divided into PSA nitrogen generator, membrane nitrogen generator, and cryogenic nitrogen generator. The PSA nitrogen generator segment is anticipated to dominate the global market throughout the study period. By end-user industry, the market is divided into food & beverage, medical & pharmaceuticals, transportation, electrical & electronics, chemical, and others. The food & beverage segment is anticipated to hold majority of the nitrogen generators market share.

Geographic Review

Region wise, the nitrogen generators market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America is expected to dominate the nitrogen generators market during the forecast period.

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Key Players

The key players profiled in the nitrogen generators market report include Air Products and Chemicals, Inc., Atlas Copco AB, Hitachi Industrial Equipment Systems Co., Ltd., L’Air Liquide S.A., Linde, NOVAIR S.A.S, On Site Gas Systems, Inc., Oxymat A/S, Parker-Hannifin Corporation, and Peak Gas Generation.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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