Press release
Industrial Nitrogen Generator Market Size To Surpass Around USD 18.4 Billion By 2032 | Inmatec, Linde , Novair Sas
Industrial nitrogen generators are devices that produce nitrogen gas from the air. The gas is then used in various industrial processes, such as welding, cutting, and packaging. Nitrogen generators can be either portable or stationary.Download Sample PDF Of This Report: https://www.globalinsightservices.com/request-sample/GIS20957?utm_source=%2F%3Futm_source%3Dpranalipawar%26utm_medium%3DOpenpr%26utm_campaign%3D07122023
The Industrial Nitrogen Generator Market size was USD 14.6 Billion in 2022 and is anticipated to reach USD 18.4 Billion in 2032, growing at a rate of 2.4% from 2023 to 2032.
Key Trends
The key trends in industrial nitrogen generator technology are:
Increased Efficiency: Newer models of nitrogen generators are more efficient than ever before, meaning that they require less energy to operate and produce nitrogen more quickly.
Enhanced Safety: The latest nitrogen generators are designed with safety in mind, incorporating features such as pressure relief valves and automatic shut-off mechanisms to prevent accidents.
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Key Drivers
The key drivers of the industrial nitrogen generator market are the increasing demand for nitrogen in various industries and the need for a cost-effective and efficient nitrogen generation system. Nitrogen is used in a variety of industries, such as food and beverage, oil and gas, chemical, and pharmaceuticals.
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The industrial nitrogen generator market is also driven by the need for a cost-effective and efficient nitrogen generation system. Nitrogen generators are more efficient than traditional nitrogen generation methods, such as air separation units (ASUs) and liquid nitrogen plants.
Market Segments
The industrial nitrogen generator market is segmented by technology, size, end-use, and region. By technology, the market is segmented into membrane-based, cryogenic-based, and others. Based on size, it is bifurcated into stationary, and portable. On the basis of end-use, it is divided into food, medical, transportation, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global industrial nitrogen generator market includes players such as Parker Hannifin Corporation, Ingersoll Rand, Air Products and Chemicals Inc, Atlas Copco, Air Liquide, Hitachi Industrial Equipment System Company, Inmatec, Linde Plc, Novair SAS, Oxymat A/S, and others.
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