Nitrogen Generators Market Worth $17,435.5 Million by 2026, Key Drivers, Restraints & Opportunity
Nitrogen Generators Market Analysis by Type (PSA Nitrogen Generator, Membrane Nitrogen Generator, and Cryogenic Nitrogen Generator) and End-use Industry (Food & Beverage, Transportation, Medical & Pharmaceuticals, Electrical & Electronics, Chemicals, and Others)
According to a new report published by Allied Market Research, titled, ” Nitrogen Generators Market by Generator Type and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global nitrogen generators market size was $11,776.1 million in 2018, and is projected to reach $17,435.5 million in 2026, growing at a CAGR of 4.9%.
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Nitrogen generators are used to generate high purity nitrogen gas of 99.995%. The demand for nitrogen generators has been witnessed to increase across the globe, as they serve as an economical method, prevent gas wastage, and offer enhanced safety. Furthermore, the development of the medical industry in economies such as the U.S., China, and India drive the growth of the nitrogen generators industry.
Nitrogen generators find their major application in the aviation, electronics, and chemical industries. Hence, the escalating adoption of nitrogen generators is expected to boost the development of the industry. However, traditional nitrogen supply methods such as nitrogen cylinders and newer substitutes such as nitrogen tire inflation equipment are anticipated to hinder the growth of the industry. On the contrary, technological advances such as combining wireless technology in the generators are anticipated to generate lucrative opportunities for the nitrogen generators market growth.
The key players profiled in this report include Air Products and Chemicals, Inc., Atlas Copco AB, Hitachi Industrial Equipment Systems Co., Ltd., L’Air Liquide S.A., Linde, NOVAIR S.A.S, On Site Gas Systems, Inc., Oxymat A/S, Parker-Hannifin Corporation, and Peak Gas Generation.
The report provides an extensive analysis of the current and emerging global nitrogen generators market trends and dynamics.
An in-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2018 and 2026.
Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
Global nitrogen generators market forecast analysis from 2019 to 2026 is included in the report.
Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps to understand the competitive outlook of the industry.
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