Enhancement in Cost and Energy Efficiency Drives the Global Nitrogen Generators Market Growth

Inkwood Research estimated that the Global Nitrogen Generators Market is projected to record a CAGR of 4.42% during the forecasting years of 2019-2028.

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Nitrogen is a colorless odorless gas, and the largest element of the earth's atmosphere. It makes up 78% of the air we breathe. It forms an important part of the manufacturing process across various industries, such as food packaging, electronics, mining, and others, which require a continuous supply of nitrogen gas. Nitrogen generators are extensively used by these industries to obtain an adequate amount of quality nitrogen for the required production. They are utilized in the generation of on-site nitrogen gas. Nitrogen generators help in efficiently forming an additional amount of nitrogen from the compressed air.

Modification in Cost and Energy Efficiency Boosts Market Growth

Nitrogen generator acts as improved energy-saving technology, with a design such that it requires less compressed air to create excess nitrogen gas. It is one of the most cost-effective nitrogen supplying methods in terms of significantly reduced downtime, less servicing costs, and long service life. Furthermore, an on-the-spot nitrogen gas generator offers increased profitability, reliability, and sustainability as compared to traditional nitrogen generation methods such as nitrogen cylinders, which stimulate their adoption, in turn, boosting the market growth. In addition, enhanced dependability is achieved using nitrogen generators as gas is available on-demand and as needed. So the end-user has to pay only for the amount of gas produced. Moreover, nitrogen generators help to accomplish sustainability by offering low-energy use, extended operating life, and reduced CO2 residue.

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Food and Beverage - End-User Segment Dominating the Market Share in 2019

Food & beverage manufacturing depends largely on nitrogen gas to preserve freshness and prevent decaying of products. Nitrogen generators find various applications in the food & beverage industry, including transport, storage, and packaging. Nitrogen gas is one of the main methods of food preservation as it displays oxygen, which is the main cause of the harmful growth of bacteria and food spoilage. Nitrogen food packaging is utilized for preservation and storage as it is non-reactive, non-toxic, non-odorous, and widely available. These factors make nitrogen food storage affordable and safe. The development of the sector is steered mainly by a rise in the number of food & beverage industries worldwide.

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Asia Pacific Region is assessed to Record Highest Growth Rate by 2028

The Asia Pacific nitrogen generators market entails the presence of emerging economies. Nitrogen generators are used in several end-user industries such as food & beverage, electronics, automotive, and oil & gas. The development in aviation, electronics, packaging, and storage industries are contributing to the growth of the market.
The competitive rivalry among manufacturers is high in the market. The players try to sustain the price-based competition by offering value-added services that offer them a competitive advantage and better profitability. Some of the companies trying to dominate market share globally are Parker-Hannifin Corporation, Hitachi Ltd, NOVAIR S.A.S, Linde Plc, Oxymat A/S, etc.

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