Nitrogen generators can supply nitrogen of varying purity levels from 90% to 99.999%, depending on type of generator and end user requirement. On site nitrogen generators offer higher profitability and reliability as compared to nitrogen cylinders. Nitrogen generators are also capable of generating oxygen based on end user pressure requirement.
The development of food & beverage, chemical, and oil & gas industries fuels the demand for nitrogen generators, as nitrogen in extensively used in various processes. In addition, rapid growth of pharmaceutical industry drives the growth of the market. However, decrease in durability and performance of nitrogen generators overtime constraints the growth of the market. Furthermore, supportive government initiatives and various free trade agreement across the globe are anticipated to boost the manufacturing industry in developing counties and boost the use of nitrogen generators in the coming years.
The nitrogen generators market is segmented on the basis of type, end user, and region. On the basis of type, the market is classified into PSA nitrogen generator, membrane nitrogen generator, and cryogenic nitrogen generator. On the basis of end user, it is categorized into food & beverage, transportation, medical & pharmaceuticals, electrical & electronics, chemicals, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market
COMPETITION ANALYSIS
The major market participants profiled in this 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 BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging nitrogen generators market trends and dynamics
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030
- Extensive analysis of the nitrogen generators market is conducted by following key product positioning and monitoring of the top competitors within the market framework
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities
- The global nitrogen generators market forecast analysis from 2021 to 2030 is included in the report
- The key market players within nitrogen generators market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the Nitrogen generators industry
KEY SEGMENTS
By Type
- PSA Nitrogen Generator
- Membrane Nitrogen Generator
- Cryogenic Nitrogen Generator
By End User
- Food & Beverage,
- Transportation,
- Medical & Pharmaceuticals,
- Electrical & Electronics,
- Chemicals
- Others
By Region
By Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Air Liquide
- Air Products and Chemicals, Inc
- Atlas Copco AB
- Hitachi Industrial Equipment Systems Co, Ltd
- Linde
- NOVAIR SAS
- On Site Gas Systems, Inc
- Oxymat A/S
- Parker-Hannifin Corporation
- Peak Gas Generation
What is the estimated value of the Global Nitrogen Generator Market?
What is the growth rate of the Global Nitrogen Generator Market?
What is the forecasted size of the Global Nitrogen Generator Market?
Who are the key companies in the Global Nitrogen Generator Market?
Report Attribute | Details |
---|---|
No. of Pages | 235 |
Published | February 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 11234.6 million |
Forecasted Market Value ( USD | $ 17762.3 million |
Compound Annual Growth Rate | 4.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |
Table of Contents
Executive Summary
According to a new report titled, “Nitrogen Generators Market by Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,”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.
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.
In 2020, North America dominated the global market, in terms of revenue, followed by Asia-Pacific and Europe. Moreover, the market in Asia Pacific region is growing with high CAGR of 5.1%, owing to growth of manufacturing industry and economic development in developing countries.
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.
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.
For instance, according to India Brand Equity Foundation, the value of Indian drug and pharma exports reached $ 5.78 billion between April 2021 and June 2021, and Indian pharmaceutical industry received FDI of $130 million during the same period. In November 2020, 15 countries from the Asia-Pacific signed the Regional Comprehensive Economic Partnership (RCEP), which is a free trade agreement that is anticipated to boost various manufacturing industries including food & beverage in the region.
However, during the pandemic lockdown, various manufacturers in the market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of nitrogen generator manufacturing companies. In addition, lack of manpower and raw materials constricted supply nitrogen generator components, and has negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of nitrogen generator companies.
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
Companies Mentioned
- 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
- Peak Gas Generation.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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