Global Nitrogen Generators Market Size study & Forecast, by Type (PSA Nitrogen Generator, Membrane Nitrogen Generator, Cryogenic Nitrogen Generator), by End User (Food and Beverage, Transportation, Medical and Pharmaceuticals, Electrical and Electronics,

Global Nitrogen Generators Market Size study & Forecast, by Type (PSA Nitrogen Generator, Membrane Nitrogen Generator, Cryogenic Nitrogen Generator), by End User (Food and Beverage, Transportation, Medical and Pharmaceuticals, Electrical and Electronics, Chemicals, Others) and Regional Analysis, 2023-2030

Global Nitrogen Generators Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. A nitrogen generator is a device that produces nitrogen gas from ambient air, typically by utilizing either membrane technology or Pressure Swing Adsorption (PSA). Nitrogen generators are used to generate high-purity nitrogen gas on-site, eliminating the need for traditional methods of obtaining nitrogen, such as cylinder delivery or liquid nitrogen tanks. The key factors driving the market growth are growing environmental and safety concerns, a rise in oil and gas exploration and production, and a rise in industrialization that is anticipated to create the lucrative demand for the market during the forecast period 2023-2030.

Additionally, the oil and gas industry's growing need for nitrogen in well drilling, enhanced oil recovery, and other processes is a significant driver for nitrogen generator adoption. As oil and gas exploration activities increase, so does the demand for on-site nitrogen generation. According to Statista, in 2020, the oil production in the United States was 713.3 million metric tons and the oil exploration activities increased significantly and the oil production reached 759.5 million metric tons in 2022. As a result, the rising oil exploration activities are anticipated to create a lucrative demand for the market over the forecast period. Moreover, ongoing advancements in nitrogen generator technologies, such as improvements in membrane systems, PSA systems, and energy efficiency and growth in the popularity of sustainable development are anticipated to create lucrative opportunities for the market. However, the high initial investment stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Nitrogen Generators Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing industrial activities across various sectors, the growing oil and gas industry, and the presence of key market players. Whereas, the Asia Pacific is expected to grow with the fastest growth rate over the forecast period, owing to factors such as the rising awareness of on-site gas generation, increasing focus on food packaging and processing, growing demand in healthcare & research, and supportive government initiatives and investments.

Major market player included in this report are:
Parker-Hannifin Corporation
NOVAIR SAS
Linde plc
Air Products and Chemicals, Inc.
Atlas Copco AB
On Site Gas Systems, Inc.
Peak Scientific Instruments
Hitachi Ltd. (Hitachi Industrial Equipment Systems Co., Ltd.)
Air Liquide
PCI Gases

Recent Developments in the Market:
 In March 2020, Gardner Denver Holdings Inc. has successfully finalized the merger with the Ingersoll Rand Industrial segment, strategically enhancing its portfolio to deliver a more robust range of mission-critical products and services across industrial, energy, medical, and specialty vehicle sectors.

Global Nitrogen Generators Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Type, End User, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
PSA Nitrogen Generator
Membrane Nitrogen Generator
Cryogenic Nitrogen Generator

By End User:
Food and Beverage
Transportation
Medical and Pharmaceuticals
Electrical and Electronics
Chemicals
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Parker-Hannifin Corporation
NOVAIR SAS
Linde plc
Air Products and Chemicals, Inc.
Atlas Copco AB
On Site Gas Systems, Inc.
Peak Scientific Instruments
Hitachi Ltd. (Hitachi Industrial Equipment Systems Co., Ltd.)
Air Liquide
PCI Gases

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.