Global PET Keg Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global PET Keg Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Nitrogen Generator is a device that uses air and nitrogen as raw materials to separate oxygen and nitrogen by physical methods. According to the principle of nitrogen production, it can be divided into three types of nitrogen generators: PSA, Membrane and Cryogenic Air.

Market Overview:

The latest research study on the global PET Keg market finds that the global PET Keg market reached a value of USD 1923.39 million in 2022. It’s expected that the market will achieve USD 2362.51 million by 2028, exhibiting a CAGR of 3.49% during the forecast period.

Influence of COVID-19 Outbreak on Nitrogen Generator Industry Development

The production process of Nitrogen Generator is complex and requires many parts, including pneumatic valves, filters, storage tanks, and purity analyzers. The outbreak of the new crown epidemic has an impact on the production of Nitrogen Generators around the world. On the one hand, due to the severe impact of the new crown pneumonia epidemic on the manufacturing industry, the production and sales of raw material manufacturers on Nitrogen Generator, including manufacturers of valves, filters, storage tanks, etc., have been affected, resulting in parts and components in the Nitrogen Generator industry. Supply problems have made it difficult for the company to find parts suppliers, so it has had to cut production. On the other hand, due to the outbreak of the new crown pneumonia epidemic, in order to prevent the further spread of the epidemic, the government has imposed restrictions on people's travel and related isolation policies, the management efficiency of industry companies has declined, and the company's production plans have been affected.
From the downstream point of view of the industry, the food industry and semiconductor and other manufacturing industries have also suffered a major impact from the epidemic. The production plan has been delayed, and the demand for Nitrogen Generator has decreased. Industry companies have made production adjustments to reduce the production of Nitrogen Generator.
Affected by the epidemic, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This resulted in varying degrees of logistical disruption, cargo accumulation and shipping delays for Nitrogen Generator during the sales process. At present, the logistics industry in various countries is gradually resuming operations according to different national policies.

Opportunities

As of January 2022, the current world population is 7.9 billion, according to the latest United Nations estimates. The 2020 world population data table shows that the world population is expected to increase from 7.8 billion in 2020 to 9.9 billion in 2050. The world population is currently (2020) growing at an annual rate of about 1.05%. The growing population has increased the demand for a range of processed foods. According to Statista data, in 2020, the global food market revenue will exceed 8 trillion US dollars, an increase of more than 1 trillion US dollars over the previous year. The Statista Consumer Outlook estimates that global food revenues will continue to grow in the coming years, reaching approximately $9.1 trillion by 2025. In the food processing and manufacturing industry, nitrogen is used as a food processing aid. For example, in milk powder, puffed food, beverages, bottled water, cakes, etc. The vigorous development of the Nitrogen Generator food industry has increased the demand for Nitrogen Generator, which is an opportunity for the development of the industry.
Semiconductors are important components of electronic equipment, and with the development of technologies such as 5G wireless, artificial intelligence, Internet of Things, cloud computing and machine learning, the long-term demand of the chip industry is driven. In today's Internet era, the market size of mobile phones, notebook computers, servers, and automobiles are constantly expanding, and the demand for semiconductors by these manufacturing companies is also increasing. In the manufacturing process of semiconductors, nitrogen is a very important gas. With the ever-expanding market size of the semiconductor industry, semiconductor manufacturing companies have increased the demand for nitrogen, thereby increasing the demand for Nitrogen Generators. The continuous expansion of the semiconductor industry is an opportunity for the development of the Nitrogen Generator industry.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Atlas Copco, Parker Hannifin, Linde plc with the revenue market share of 7.49%, 6.17%, 5.52% in 2021.

Atlas Copco USA is an industry-leader in compressed air technology and service. Nowhere is this more evident than in the company's extensive range of compressed air products and service plans. From oil-free & oil-injected compressors, to quality air products, to the company's nationwide parts & service network, the company take them role as a reliable provider of all things air extremely seriously.

Parker, is an American corporation specializing in motion and control technologies. Its corporate headquarters are in Mayfield Heights, Ohio, in Greater Cleveland. The company was founded in 1917 and has been publicly traded on the NYSE since December 9, 1964. The firm is one of the largest companies in the world in motion control technologies, including aerospace, climate control, electromechanical, filtration, fluid and gas handling, hydraulics, pneumatics, process control, and sealing and shielding. Parker employs about 58,000 people globally.

Segmentation Overview:

Among different product types, PSA segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Food Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global PET Keg market covered in Chapter 3:

Linde plc
Air Water Inc.
Proton On-Site
On Site Gas Systems
SAM GAS Projects
Oxymat
Compressed Gas Technologies
PCI
Atlas Copco
NOXERIOR S.r.l.
Air Liquide
South-Tek Systems
Air Products and Chemical, Inc.
Generon
Holtec Gas Systems
Parker Hannifin

In Chapter 4 and Chapter 14.2, on the basis of types, the PET Keg market from 2018 to 2029 is primarily split into:

PSA
Membrane
Cryogenic Air

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the PET Keg market from 2018 to 2029 covers:

Food Industry
Chemical Industry
Electronics
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)