Industrial Nitrogen Generator Market Trends Analysis (2023-2028)

Market Insights

"The global industrial nitrogen generator market is likely to grow at a promising CAGR of 4.8% in the long run to reach US$ 6.1 Billion in 2028."

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Nitrogen generators are devices or systems designed to produce high-purity nitrogen gas from the surrounding air, eliminating the need for traditional nitrogen supply methods like nitrogen cylinders or liquid nitrogen. An industrial nitrogen generator is a system that utilizes various technologies, such as pressure swing adsorption (PSA) or membrane separation, to extract and separate nitrogen gas from the air. These generators deliver a continuous and reliable supply of nitrogen with adjustable purity levels, depending on the specific application requirements.

Market Dynamics

Market Drivers

On-site nitrogen generation provides a reliable and continuous source of nitrogen, eliminating the need to depend on external suppliers and ensuring a steady supply for critical industrial processes. The growth of industrial sectors in emerging economies and the expansion of existing industries in developed regions lead to a higher demand for nitrogen gas, thereby driving the market for industrial nitrogen generators. Advancements in nitrogen generation technologies have improved efficiency and reduced operational costs, making on-site nitrogen generation more attractive to a wider range of industries. The industrial nitrogen generator market has grown significantly over the years as industries increasingly recognize the benefits of on-site nitrogen generation, such as cost-effectiveness, convenience, and reduced environmental impact compared to traditional nitrogen supply methods. As technology continues to advance, nitrogen generators are becoming more efficient and adaptable, catering to a wide range of industrial needs.

Segment Analysis

Size Trends

"The stationary industrial nitrogen generator segment accounted for the largest market share."

The industrial nitrogen generator market is segmented into stationary industrial nitrogen generator and portable industrial nitrogen generator. The stationary industrial nitrogen generator is anticipated to remain the biggest demand generator in the years to come. These generators can produce nitrogen in large volumes. Industries with high nitrogen consumption rates find these systems more practical and cost-effective than portable or mobile nitrogen generators.

Design Trends

"The plug & play segment accounted for the largest market share."

The market is segmented into cylinder based and plug & play. Plug & play is likely to account for the majority market share as well as remain the fastest-growing segment in the coming years. Plug & play nitrogen generators are designed for quick and straightforward installation. They come pre-assembled and pre-tested, requiring minimal setup and technical expertise. This ease of installation appeals to a wide range of industries, as it reduces downtime and operational complexities.

Technology Trends

"The pressure swing adsorption segment accounted for the largest market share."

The industrial nitrogen generator market is segmented into pressure swing adsorption (PSA)-based, membrane-based, and cryogenic-based. The adoption of pressure swing adsorption (PSA) technology in the industrial nitrogen generator market is projected to increase at a faster pace, contributing to higher CAGR growth compared to other nitrogen generation methods. PSA technology is known for its energy-efficient nature compared to other nitrogen generation methods. It utilizes the differences in adsorption characteristics of gases to separate nitrogen from the air, reducing the overall energy consumption during the nitrogen production process.

End-Use Industry Trends

"The food & beverage segment accounted for the largest market share."

The industrial nitrogen generator market is segmented into food & beverage, medical & pharmaceutical, transportation, electrical & electronics, chemical & petrochemical, manufacturing, packaging, and others. Food & Beverage accounted for the highest CAGR during the forecast period. The market experiences significant demand from the food & beverage industry due to the rising need for enhanced quality in packaged food items, increasing consumer preference for convenient foods, a surge in demand for the prolonged shelf life of food products, waste reduction efforts, and rapid urban population growth.

Regional Insights

"Asia-Pacific accounted for the largest market share."

Asia-Pacific is expected to remain the largest market for industrial nitrogen generators during the forecast period. This region is a major hub for electronics manufacturing. Nitrogen plays a crucial role in preventing oxidation and improving the quality of electronic components, driving the need for industrial nitrogen generators in this sector.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Key Players

The following are the key players in the industrial nitrogen generator market (alphabetically arranged):

• Air Liquide
• Air Products And Chemicals, Inc.
• Atlas Copco
• Hitachi Industrial Equipment System Company
• Ingersoll Rand
• Inmatec
• Linde PLC
• Novair SAS
• Oxymat A/S
• Parker Hannifin Corporation

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s industrial nitrogen generator market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

The industrial nitrogen generator market is segmented into the following categories:

By Size

• Stationary Industrial Nitrogen Generator
• Portable Industrial Nitrogen Generator

By Design

• Cylinder Based
• Plug & Play

By Technology Type

• Pressure Swing Adsorption (Psa)-based
• Membrane-based
• Cryogenic-based

By End-Use Industry

• Food & Beverage
• Medical & Pharmaceutical
• Transportation
• Electrical & Electronics
• Manufacturing
• Packaging
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

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Company Profiling

• Detailed profiling of additional market players (up to three players)
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Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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