Global Industrial nitrogen generator Market is valued at approximately USD 12983.15 million in 2020 and is anticipated to grow with a healthy growth rate of more than 5.00 % over the forecast period 2021-2027. Industrial nitrogen is one of the most highly sought-after chemical molecules in many industrial manufacturing processes. Due to its inert nature, nitrogen gas can be optimized for use in food processing, beverage and brewery industries, and oil and gas recovery. Cost savings and sustainability offered, growth in the manufacturing sector has led to the adoption of Industrial nitrogen generators across the forecast period. For Instance: As per the IBEF, the Indian chemicals industry stood at US$ 178 billion in 2019 and is expected to reach US$ 304 billion by 2025 registering a CAGR of 9.3%. The demand for chemicals is expected to expand by 9% per annum by 2025. The chemical industry is expected to contribute US$ 300 billion to India's GDP by 2025. Also, with the technological advancements, the adoption & demand for Industrial nitrogen generator is likely to increase the market growth during the forecast period. However, competitiveness with substitutes impedes the growth of the market over the forecast period of 2021-2027.

The key regions considered for the global Industrial nitrogen generator market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the significant region across the world in terms of market share owing to the adoption of technologically advanced nitrogen generators to strengthen their foothold in the market Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as rising industrialization, growing consumption in end-use industries would create lucrative growth prospects for the Industrial nitrogen generator market across Asia-Pacific region.

Major market players included in this report are:
Peak Gas Generation
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
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Generator Type:
PSA Nitrogen Generator
Membrane Nitrogen Generator
Cryogenic Nitrogen Generator
By End-Use:
Food & Beverage
Transportation
Medical & Pharmaceuticals
Electrical & Electronics
Chemicals
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Industrial Nitrogen Generator Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Peak Gas Generation
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