Nitrogen Generators Market to Soar at 4.9% CAGR from 2018 to 2026

PORTLAND, Oregon, Jan. 22, 2020 /PRNewswire/ -- Big Market Research has added a report on global nitrogen generators market. According to the report, the global nitrogen generators market is projected to reach $17,435.5 million in 2026 and register a CAGR of 4.9% from 2018 to 2026.

The study provides a brief introduction of the nitrogen generators market, which contains its market definition and scope. Moreover, it provides insights on key segments, regions, and top manufacturers in the market. The study highlights recent developments in the industry. Moreover, it offers insights on current market scenario and helps to develop plans for growth in the future. Additionally, it provides a detailed analysis of the key factors responsible for the rise in demand for nitrogen generators during the forecast period. The report is a helpful source of information for new entrants, investors, and market players to formulate strategies for development and obtain competitive advantage.

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The report provides a complete analysis of drivers, challenges, and opportunities in the global nitrogen generators market. The factors driving the growth of nitrogen generators market are growth of end-user companies such as chemicals, food & beverages, and pharmaceuticals. Furthermore, surge in application of nitrogen in fire & corrosion control and as dielectric gas in high voltage equipment is expected to propel the acceptance of nitrogen generators worldwide. Moreover, the high purity of nitrogen of level 99.995% produced using nitrogen generators continues to encourage the expansion of the market during the forecast period. In addition, cost-effectiveness and sustainability of nitrogen have altered the preference of the industrial sectors from traditional nitrogen cylinders to nitrogen generators. Additionally, the global nitrogen generators market is observing substantial growth, due to rapid rise in investment in the industrial sector and high demand for nitrogen generators in the medical & healthcare sectors.

In addition, the research offers an overview of the global nitrogen generators market with a brief outline of key segments. The market is segmented based on generator type, end-user industry, and region. Based on generator type, the report bifurcates the market into PSA nitrogen generator, membrane nitrogen generator, and cryogenic nitrogen generator. The PSA nitrogen generator segment is expected to lead the global nitrogen generators market during the estimated period. By end-user industry, the report classifies the market into food & beverage, medical & pharmaceuticals, transportation, electrical & electronics, chemical, and others. The food & beverage segment is likely to rule the market throughout the study period.

Based on the geographical distribution, the market is studied across Asia-Pacific, Europe, North America, and LAMEA. Additionally, the report offers a detailed analysis of countries from each region. Furthermore, it presents the performance of each segment in these regions for the forecast period. The research offers a detailed evaluation of major market players in the market. The key players explored in the industry include Linde, Air Products and Chemicals, Inc., Hitachi Industrial Equipment Systems Co., Ltd., Atlas Copco AB, L'Air Liquide S.A., NOVAIR S.A.S, On Site Gas Systems, Inc., Oxymat A/S, Parker-Hannifin Corporation, and Peak Gas Generation. These insights help investors in determining investment suitability and market players to grab opportunities for partnerships, collaborations, and agreements.  

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The report offers a quantitative and qualitative analysis of the market for the forecast period, which enables investors to capitalize on the prevailing market opportunities. These analyses help in understanding the competitive scenario and take necessary actions to obtain major market share in the industry.

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