Dublin, Jan. 26, 2022 (GLOBE NEWSWIRE) -- The "Industrial Nitrogen Generator Market by Technology Type (PSA, Membrane-based, Cryogenic based), Size and Design, End-use Industry (F&B, Medical & Pharmaceutical, Transportation, C&P, E&E, Manufacturing) and Region - Global Forecast till 2026" report has been added to ResearchAndMarkets.com's offering.
The global industrial nitrogen generator market size is projected to reach USD 5.5 billion by 2026 from USD 4.2 billion in 2021, at a CAGR of 5.4% during the forecast period.
The growing demand for industrial nitrogen generator from the processed food sector is driving the market. In addition, increasing awareness around reducing food wastage due to unhygienic and improper packaging are also driving the industrial nitrogen generator market. Moreover, growing demand from end-use industries such as transportation, medical & pharmaceutical, chemical, and manufacturing as well as increasing demand due to growing consumer electronics sector is also driving the industrial nitrogen generator market. Increase in urbanization in the developing economies, such as Asia Pacific, Middle East & Africa, and South America are also driving the market.
PSA industrial nitrogen generator accounted for the largest share amongst other types in the industrial nitrogen generator market
PSA-based industrial nitrogen generators produce a continuous stream of nitrogen gas through the principle of pressure swing adsorption from compressed and purified air. PSA nitrogen generators are also used in automotive electronics, consumer electronic product manufacturing, and metal processing, and so on. These are most commercially used industrial nitrogen generators owing to ease of use, efficient operations, and low cost. PSA technology can produce the highest purity level of nitrogen for use in food processing, providing inert atmosphere in electronics manufacturing, in transportation of perishable food products, and so on.
Stationary industrial nitrogen generators is estimated to be the largest market in the overall industrial nitrogen generator market
Stationary industrial nitrogen generators are widely used in food and beverage processing applications. The key growth driver of the high consumption of these industrial nitrogen generators is their use in various industries. Stationary industrial nitrogen generators are self-contained and fully integrated and do not require separate air. This also eliminates the requirement of handling high-pressure cylinders. These systems are highly durable and stable under normal operating conditions.
Plug & play based industrial nitrogen generators is estimated to be the largest market in the overall industrial nitrogen generator market
Plug & play industrial nitrogen generators are widely used in various industries. The major growth driver of the high consumption of these industrial nitrogen generators as they are compact in design and provide the operator with easy accessibility and autonomous function. These systems can be modular or stationary depending on the requirement, provide multistage filtration, are energy-efficient, and have optimum connectivity for real-time information gathering. Plug & play systems are also cost-effective, customizable, reliable, and safe to operate.
Food & beverage accounted for the largest market share amongst other end-use industry in the industrial nitrogen generator market
Food & beverage is the largest end-use industry for the industrial nitrogen generators market owing to the increased necessity for better quality packaged food items, growth in demand for convenient foods, increasing shelf life of food products, reducing wastage, and expanding urban population growth in the emerging economies. These equipments help in proper processing of food items and beverages and hence keep the processed foods fresh for a longer time and increase the shelf life of the products. Additionally, the rise in income levels and the growth of the middle-class population are also driving demand for industrial nitrogen generators in the food & beverage industry.
APAC is projected to grow the fastest in the industrial nitrogen generator market during the forecast period.
APAC is the fastest-growing market for industrial nitrogen generators. This growth is mainly owing to economic advancement of emerging economies, such as India, China, Indonesia, Malaysia, Singapore, Vietnam, and Thailand, in the region, where consumption for packed and accessible food products are growing annually. Furthermore, increase in population and growing urbanization rate are also driving the market for quality processed food products and boosting industrial nitrogen generator consumption. In addition, growth in industrialization, increasing demand due to changing demographics, such as improving living standards, rising disposable incomes, and government initiatives to attract business investments in industries such as automotive, marine, packaging, manufacturing, oil & gas, and chemical are also driving the market for industrial nitrogen generators in the region.
4 Premium Insights 4.1 Attractive Opportunities in the Industrial Nitrogen Generator Market 4.2 Industrial Nitrogen Generator Market, by Technology Type 4.3 Industrial Nitrogen Generator Market, by Size 4.4 Industrial Nitrogen Generator Market, by Design 4.5 Industrial Nitrogen Generator Market, by End-Use Industry 4.6 Asia-Pacific Industrial Nitrogen Generator Market, by End-Use Industry and Country, 2020 4.7 Industrial Nitrogen Generator Market, by Major Countries
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Demand from the Food & Beverage Industry 5.2.1.2 Growth of the Healthcare Industry in Emerging Economies 5.2.2 Restraints 5.2.2.1 Stringent Regulatory Restrictions and Measures 5.2.3 Opportunities 5.2.3.1 Growing Demand from the Chemical Industry 5.2.4 Challenges 5.2.4.1 High Cost of Production of Nitrogen Gas 5.3 Ecosystem 5.3.1 Industrial Nitrogen Generator Market: Ecosystem 5.4 Technology Analysis 5.4.1 Technologies - Industrial Nitrogen Generators 5.5 Impact of COVID-19 on Industrial Nitrogen Generator Market 5.5.1 COVID-19 5.5.2 Confirmed Cases and Deaths, by Geography 5.5.3 Impact on Industrial Nitrogen Generator Market 5.6 Raw Material/Component Analysis 5.6.1 Carbon Molecular Sieve (Cms) 5.6.2 Hollow Fiber Membrane 5.7 Average Selling Price Trend 5.8 Porter's Five Forces Analysis 5.9 Value Chain Analysis 5.9.1 Raw Material/Component Suppliers 5.9.2 Manufacturers 5.9.3 Distributors 5.9.4 End-users 5.10 Macroeconomic Indicators 5.10.1 Trends and Forecast of Gdp 5.10.2 Automotive Industry 5.11 Case Study Analysis 5.11.1 Advanced Engineering Improves Its Laser Cutting Operation 5.12 Trends/Disruptions Impacting Customers' Business 5.13 Trade Analysis 5.14 Operational Data 5.15 Regulatory Landscape 5.16 Patent Analysis
6 Industrial Nitrogen Generator Market, by Size 6.1 Introduction 6.2 Stationary Industrial Nitrogen Generator 6.2.1 Ensures Stable and Highly Efficient Operations 6.3 Portable Industrial Nitrogen Generator 6.3.1 Autonomous and Low Operating Costs Driving the Demand
7 Industrial Nitrogen Generator Market, by Design 7.1 Introduction 7.2 Cylinder Based 7.2.1 Costly and Inefficient Operations Limiting Their Use 7.3 Plug & Play 7.3.1 High Reliability and Low Operating Costs Driving the Market
8 Industrial Nitrogen Generator Market, by Technology Type 8.1 Introduction 8.2 Pressure Swing Adsorption (Psa)-Based Industrial Nitrogen Generator 8.2.1 The Most Commercially Used Industrial Nitrogen Generator 8.3 Membrane-Based Industrial Nitrogen Generator 8.3.1 Low System Complexity and Stable Operations Driving the Market 8.4 Cryogenic-Based Industrial Nitrogen Generator 8.4.1 High Purity Output Driving the Demand for These Systems
9 Industrial Nitrogen Generator Market, by End-Use Industry 9.1 Introduction 9.2 Food & Beverage 9.3 Medical & Pharmaceutical 9.4 Transportation 9.5 Electrical & Electronics 9.6 Chemical & Petrochemical 9.7 Manufacturing 9.8 Packaging 9.9 Others
10 Industrial Nitrogen Generator Market, by Region
11 Competitive Landscape 11.1 Overview 11.1.1 Industrial Nitrogen Generator Market, Key Developments 11.2 Revenue Analysis 11.2.1 Industrial Nitrogen Generator Market 11.3 Market Share Analysis 11.4 Ranking Analysis of Key Market Players, 2020 11.4.1 Parker Hannifin Corporation 11.4.2 Ingersoll Rand 11.4.3 Air Products and Chemicals, Inc. 11.4.4 Atlas Copco 11.4.5 Air Liquide 11.5 Competitive Evaluation Quadrant (Tier 1) 11.5.1 Star 11.5.2 Pervasive 11.5.3 Emerging Leader 11.6 Strength of Product Portfolio 11.7 Business Strategy Excellence 11.8 Competitive Evaluation Quadrant (Other Key Players) 11.8.1 Progressive Companies 11.8.2 Responsive Companies 11.8.3 Dynamic Companies 11.9 Strength of Product Portfolio (Other Key Players) 11.10 Business Strategy Excellence (Other Key Players) 11.10.1 Company Footprint 11.10.2 Company Technology Type Footprint 11.10.3 Company Region Footprint 11.11 Competitive Scenario and Trends 11.11.1 Industrial Nitrogen Generator Market 11.11.1.1 Product Launches 11.11.1.2 Deals 11.11.1.3 Others
12 Company Profiles 12.1 Major Players 12.1.1 Parker Hannifin Corporation 12.1.2 Ingersoll Rand 12.1.3 Air Products and Chemicals, Inc. 12.1.4 Atlas Copco 12.1.5 Air Liquide 12.1.6 Hitachi Industrial Equipment System Company 12.1.7 Inmatec 12.1.8 Linde plc 12.1.9 Novair Sas 12.1.10 Oxymat A/S 12.2 Other Key Companies 12.2.1 Airpack 12.2.2 Claind 12.2.3 Compressed Gas Technologies, Inc. 12.2.4 Erredue S.P.A. 12.2.5 Foxolution 12.2.6 Generon 12.2.7 Gaztron Engineering Pvt. Ltd. 12.2.8 Isolcell S.P.A. 12.2.9 Noblegen Gas Generators 12.2.10 Oxywise 12.2.11 Omega Air 12.2.12 Oxair 12.2.13 on Site Gas Systems, Inc. 12.2.14 Peak Gas Generation 12.2.15 Werther International
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