CHICAGO, January 11, 2022 / PRNewswire / – According to New Market Research Report “Industrial Nitrogen Generator Market by Technology Type (PSA, Membrane, Cryogenic), Size and Design, End Use Industry (F&B, Medical & Pharmaceutical, Transportation, C&P, E&E, Manufacturing) and Region – Global Forecast to 2026 “ , published by MarketsandMarkets ™, the market size is expected to reach $ 5.5 billion by 2026 from $ 4.2 billion in 2021, at a CAGR of 5.4% over the forecast period.
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The growing demand for industrial nitrogen generators from the processed food sector is driving the market. In addition, the growing demand from end-use industries such as transportation, medicine and pharmacy, chemicals and manufacturing, as well as the growing demand due to the growth of the consumer electronics sector, is also driving the market. market for industrial nitrogen generators. The growth of urbanization in emerging economies, such as APAC, Middle East & Africa, and South America are also driving the market.
Based on the type of technology, PSA industrial nitrogen generators are estimated to be the largest market in the overall industrial nitrogen generator market in 2021.
PSA industrial nitrogen generators are widely used in various industries. The segment of PSA industrial nitrogen generators is the largest and is expected to continue until 2026. The main growth driver of the high consumption of these industrial nitrogen generators is their use by the food industry in the applications of processing and packaging to achieve better quality and longer shelf life. PSA nitrogen generators are also used in automotive electronics, consumer electronics manufacturing and metal processing, etc. They are the most widely used industrial nitrogen generators in commerce due to their ease of use, efficient operations and low cost.
On the basis of size, stationary industrial nitrogen generators are estimated to be the largest market in the overall industrial nitrogen generator market in 2021.
Stationary industrial nitrogen generators are widely used in the food industry. The segment of stationary industrial nitrogen generators is the largest and is expected to continue until 2026. The main growth driver of the high consumption of these industrial nitrogen generators is their use in various industries. Stationary industrial nitrogen generators are self-contained and fully integrated and do not require separate air. It also eliminates the need to handle high pressure cylinders. These systems are very durable and stable under normal operating conditions.
Based on their design, plug & play industrial nitrogen generators are estimated to be the largest market in the overall industrial nitrogen generator market in 2021.
Plug & play industrial nitrogen generators are widely used. The industrial plug & play nitrogen generator segment is the largest and is expected to continue during the forecast period. The main growth driver of the high consumption of these industrial nitrogen generators as they are compact in design and offer the operator easy accessibility and autonomous function. These systems can be modular or stationary as needed, provide multi-stage filtration, are energy efficient and have optimal connectivity for real-time information collection. Plug & Play systems are also economical, customizable, reliable and safe to use.
Based on the end-use industry, food and beverage is expected to be the largest industrial nitrogen generator segment in 2021.
Food and beverage is the largest end-use industry in the industrial nitrogen generator market due to the increased demand for better quality packaged foods, growing demand for convenient foods, reduction of food waste and increasing urbanization in emerging economies. These equipments keep processed foods fresher longer, absorb moisture and increase the shelf life of products. In addition, rising income levels and growing middle class population are also driving the demand for industrial nitrogen generators in the food industry.
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Based on the region, APAC is expected to experience the fastest growing industrial nitrogen generator market during the forecast period.
APAC is the fastest growing market for industrial nitrogen generators. This is mainly attributed to emerging economies, such as India, China, Indonesia, Malaysia, Singapore, Vietnam, and Thailand, in the region, where the consumption of packaged and convenient food products is increasing every year. In addition, the increase in population and the increasing rate of urbanization are also stimulating the market for quality processed food products and stimulating the consumption of industrial nitrogen generators. In addition, the progress of industrialization, the increase in demand due to demographic changes, such as the improvement of the standard of living, the increase in disposable income and the government initiatives aimed at attracting business investment. in sectors such as automotive, marine, petrochemicals, electronics, oil & gas and chemicals are also driving the industrial nitrogen generator market in the region.
The main players in the industrial nitrogen generator market are Parker Hannifin Corporation (USA), Ingersoll Rand (United States), Air Products and Chemicals, Inc. (United States), Atlas Copco (Sweden), Liquid air (France), Hitachi Industrial Equipment System Company (Japan), Inmatec (Germany), Linde Plc (United Kingdom), Novair SAS (France) and Oxymat A / S (Denmark). These players have established themselves firmly in the market by adopting strategies such as new product launches, investment and expansion, agreements and collaboration, and mergers and acquisitions.
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