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2022
Nitrogen Generators Market

Nitrogen Generators Market

by Type (PSA Nitrogen Generator, Membrane Nitrogen Generator, and Cryogenic Nitrogen Generator) and End User (Food & Beverage, Transportation, Medical & Pharmaceuticals, Electrical & Electronics, Chemicals, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

✷  Report Code: A04118
Pages: 235
Feb 2022 | 10238 Views
Author(s) : Priyanka K , Onkar S
Tables: 117
Charts: 37
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The global nitrogen generators market size was valued at $ 11,234.6 million in 2020, and is projected to reach $17,762.3 million by 2030, registering a CAGR of 4.4% from 2020 to 2030. Nitrogen generation system or nitrogen generator is a machine that separate nitrogen molecules from compressed air. Nitrogen gas generators can offer purity of up to 99.999%. Nitrogen generators are one of the most efficient tool of supplying nitrogen as they can provide a consistent supply of high purity of gas.

The nitrogen generator market was hampered during the outbreak of COVID-19 pandemic, owing to restrictions on manufacturing activities, which also affected sales sector.

Rise in global population has significantly increased the demand for products such as processed food & beverages, medicines, and electronic. This has fueled the use of nitrogen as it is extensively used in food processing, chemical processing, and electronic manufacturing industry, thereby boosting the demand for nitrogen generators. Furthermore, nitrogen generators market growth in the operational efficiency of manufacturing & processing facilities owing to its advanced energy saving technologies, reduced downtime, and extended operating life. Nitrogen generators provide increased reliability, profitability, and sustainability as compared to nitrogen cylinders. In addition, the availability of nitrogen cylinders in a wide range of capacities increases its applicability. 

Nitrogen-Generator-Market

Major developing countries across the global focus on boosting the manufacturing sector for development of the economy. For instance, Government initiative such as ”Make in India” and ”Made in China 2025” have positively influenced the manufacturing sector in the Asia-Pacific. Thus, India and China have emerged as major manufacturing hubs Other countries in the Asia Pacific such Vietnam and Bangladesh experience rapid growth of manufacturing sector. The rapid growth of manufacturing sector increases the use of nitrogen generators as nitrogen is extensively used in various manufacturing processes. Rise in global population has in addition led to increase in the consumption of pharmaceutical products. According to The Congressional Budget Office, of the U.S., in 2019, the pharmaceutical industry invested $83 billion on R&D of new pharmaceutical products and between the years 2010 and 2019, the total number of new drugs that were approved for sale increased by 60% compared to the previous decade, and reached a peak of 59 new drugs approved in 2018. This fuels the use of nitrogen as it is used to preserve pharmaceutical ingredients and products. However, requirement of frequent maintenance to prevent wear and tear of air compresses and decreased performance of generators over time is a major restraint in the growth of the nitrogen generators  market. 

Nitrogen Generators Market
By End-user Industry

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Food and Beverage is expected to hold a majority share of the market

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The novel coronavirus has rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and has now become a significant threat to global trade, economy, and finance., The COVID-19 pandemic has halted the production of many components in the nitrogen generator business due to the lockdown. Furthermore, the number of COVID-19 cases are expected to reduce in the near future as the vaccine for COVID-19 is introduced in the nitrogen generators market. This has led to the reopening of nitrogen generator manufacturing companies at their full-scale capacities. This will help the market to recover by the start of 2022. After COVID-19 infection cases will start declining, nitrogen generator manufacturers must focus on protecting their staff, operations, and supply networks to respond to urgent emergencies and establish new methods of working.

Furthermore, increase in demand for electronics and other products fueled by rise in population and increase in purchasing capacity of masses in anticipated to boost the global manufacturing industry. In addition, increase in use of nitrogen in shipping industry for preserving flammable chemicals has fueled the demand for nitrogen generators. These factors are anticipated to positively influence the market throughout the forecast period. 

Nitrogen Generators Market
By Generator Type

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Membrane nitrogen generator is projected to grow at a significant CAGR

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The nitrogen generators market is segmented on the basis of type, end user, and region. On the basis of type, the market is categorized 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, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in 2020, accounting for the highest share, and is anticipated to maintain this trend throughout the forecast period. This is attributed to increase in population, and industries.

Competition Analysis

Key companies 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.

Nitrogen Generators Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

North America held a dominant position in 2020 and would continue to grow at a significant CAGR during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging Nitrogen generators market trends and dynamics.  
  • In-depth nitrogen generators market analysis is conducted by constructing market estimations for key market segments between 2021 and 2030. 
  • Extensive analysis of the nitrogen generators market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of all the 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 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. 

Nitrogen Generators Market Report Highlights

Aspects Details
BY TYPE
  • PSA Nitrogen Generator
  • Membrane Nitrogen Generator
  • Cryogenic Nitrogen Generator
BY END USER
  • Food & Beverage
  • Transportation
  • Medical & Pharmaceuticals
  • Electrical & Electronics
  • Chemicals
  • OthersBY REGION
By Region
  • North America
    • U.S.
    • 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
 

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The nitrogen generators market has witnessed significant growth in past few years, owing to growth of manufacturing industry in developing countries and increase in productivity requirements in manufacturing sector.

Rise in demand for pharmaceutical products fueled by increase in global population and surge in number of lifestyle diseases has boosted the demand for nitrogen generators in the pharmaceutical industry. Furthermore, development of food & beverage and oil & gas processing industries has increased the use of nitrogen, thereby propelling the nitrogen generators market. Industries such as electronic manufacturing and chemical use nitrogen generators owing to the requirement of high purity nitrogen. In addition, integration of advanced technologies has enabled energy saving operations of the generators and helps in reducing CO2 footprint.

Moreover, supportive government initiatives and increase in number of free trade agreements across the globe have propelled the manufacturing industry providing lucrative opportunities for the growth of the nitrogen generators market

 

 

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FREQUENTLY ASKED QUESTIONS?

A. The global nitrogen generators equipment market size was $11.2 billion in 2020 and is projected to reach $17.8 billion in 2030, growing at a CAGR of 4.4% from 2021 to 2030.

A. The forecast period considered for the nitrogen generators equipment market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.

A. The base year considered in the nitrogen generators equipment market is 2020.

A. The report for global nitrogen generators equipment market doesn’t provides Value Chain Analysis, but if there is a requirement for the same, it could be added as an additional customization.

A. On the basis of type, the PSA nitrogen generator segment is expected to be the most influencing segment.

A. Based on the end user industry, in 2020, the food and beverage segment generated the highest revenue, accounting for over half of the market, and is projected to grow at a CAGR of 3.9% from 2021 to 2030.

A. The report contains an exclusive company profile section, where leading 25 companies in the market are profiled. These profiles typically cover company overview, geographical presence, and market dominance (in terms of revenue).

A. The market value of global nitrogen generators equipment market is $11.2 billion in 2021.

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