Nitrogen Generators Market Business Opportunities for Manufacturers Upsurge Significantly by 2030

The global nitrogen generators market size was valued at $ 11.2 billion in 2020, and is projected to reach $17.8 billion by 2030, registering a CAGR of 4.4% from 2020 to 2030.

The increase in demand for pharmaceutical products fueled by rise in global population has significantly increased the use of nitrogen in pharmaceutical industry as it reduces the presence of oxygen that may negatively affect product quality. Nitrogen is also used in food processing and packaging industry. Thus, growth of pharmaceutical and food & beverage industry positively influences the growth of nitrogen generators market. In addition, various government initiative and free trade agreements across the globe have increased manufacturing activities, thereby boosting the demand for nitrogen generators.

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On the basis of type the market is segmented into PSA nitrogen generator, membrane nitrogen generator, and cryogenic nitrogen generator. Among these, the PSA nitrogen generator segment accounted for the highest market share in 2020 and membrane nitrogen generator market growth during the forecast period, owing to increase in demand in demand from manufacturing and pharmaceutical sector.

The market is analyzed with respect to different applications in industrial verticals such as food & beverage, transportation, medical & pharmaceuticals, electrical & electronics, chemicals, and others. The market is mainly driven by growth of global manufacturing industry and increase in investment in food & beverage, pharmaceutical and chemical processing industry. However, requirement of frequent maintenance of nitrogen generators has the potential to limit growth of the market.

Furthermore, on the basis of end users, the chemicals is anticipated to grow rapidly during the forecast period, owing to growth of pharmaceutical industry and increase in demand for chemical processing.

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

Key Findings Of The Study:
• The report provides an extensive analysis of the current and emerging nitrogen generators market trends and dynamics.
• On the basis of type, the PSA nitrogen generator dominated the nitrogen generators market share, in terms of revenue in 2020 and the membrane nitrogen generator segment is projected to grow at a significant CAGR during the forecast period.
• On the basis of end user, the food & beverage segment registered highest revenue in 2020.
• Asia-Pacific is projected to register highest growth rate in the coming years.
• The key players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the nitrogen generators industry.
• The report provides an extensive analysis of the current trends and emerging opportunities of the market.
• In-depth nitrogen generators market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.

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