The demand for nitrogen gas across a number of industries is one of the primary drivers of the nitrogen generator market's expansion. In addition, the usage of nitrogen generators is growing in acceptance, which raises demand.
COVID-19 Impact and Market Status
Global demand for nitrogen generators has decreased as a result of the COVID-19 outbreak because the majority of end-use sectors have either stopped operating completely or are operating at a very low capacity. Due to lockdowns imposed by many governments around the world, the food and beverage industry is one of the most hit. Since this industry is one of the main consumers of nitrogen generators, this has hindered the expansion of the nitrogen generator market. As everything returned to normal and businesses ramped up, the market is anticipated to have a significant recovery.
PSA Nitrogen Generator Expands due to Low Maintenance
The most popular kind of nitrogen generator, the PSA Nitrogen Generator, is anticipated to expand significantly throughout the course of the forecast year. This expansion can be due to PSA nitrogen generators' small size, low maintenance requirements, and energy efficiency. Since membrane nitrogen generators have various advantages over other types of nitrogen generators, such as being compact in size and having low power consumption, this market sector is also anticipated to expand significantly throughout the forecast period. Additionally, they require little upkeep and are simple to install.
Need in Food & Beverages Contributing for market Growth
During the projection period, the Food & Beverage application is anticipated to expand significantly. The rising need for nitrogen in food and beverage applications is a contributing factor in this market segment's expansion. Nitrogen is used in packaging, preservation, and shelf-life extension processes for food and beverages. Nitrogen is additionally employed in the carbonation of beverages. During the forecast period, the Chemical & Petrochemical application is anticipated to expand significantly as well. The rising need for nitrogen in chemical and petrochemical applications is to blame for this expansion. In chemical operations, nitrogen serves as an inert gas, and it is also employed in the petrochemical sector as a drying agent. It is also employed in the urea and ammonia synthesis processes.
North America to Influence the Market Size
North America is predicted to represent a sizeable portion of the global nitrogen generator market during the course of the forecast year. The United States is expected to have a considerable impact on the growth of this market in North America. The growing food and beverage industry in North America is one of the major drivers driving up demand for nitrogen generators in the continent. It is projected that the rapidly growing food and beverage industries in countries like China and India will considerably contribute to this market's expansion in the Asia Pacific region The expansion of this regional market can be due to elements like rising public awareness of fire safety and strict government fire safety laws. Additionally, the region's expanding construction sector is anticipated to support the market for smoke detectors.
Due to its characteristics, nitrogen, an inert gas, has many uses in numerous sectors. Nitrogen is a preservative and a packing gas used in the food and beverage sector. Additionally, it is employed in the chemical and petrochemical industries as an oxidising agent. Additionally, it is employed in the electronics sector for blanketing and purging. Additionally, it is employed in the general industrial sector for heat treating, metal cutting, and welding.
Utilizing a nitrogen generator can assist save money, which is one of its key benefits. This is due to the fact that nitrogen generators have relatively cheap operating costs and don't need any expensive gas cylinders or Dewars. Nitrogen generators can also be utilised in a wide range of applications and are relatively simple to use and maintain. Nitrogen generators are being employed more frequently in the medical industry for a variety of purposes.
Devices called nitrogen generators take nitrogen gas out of the atmosphere and store it under high pressure. Tire inflation, food preservation, and welding are just a few uses for the stored nitrogen. Pressure swing adsorption (PSA) or membrane separation are the two methods used by nitrogen producers to produce nitrogen gas. A bed of adsorbent material, such as carbon molecular sieves (CMS), is used in the PSA process to absorb nitrogen gas from the air. To remove nitrogen gas from the air, the CMS bed is inflated and depressurized in alternating cycles.
From a projected value of USD 10.04 billion in 2021, the global nitrogen generator market is anticipated to rise at a CAGR of 3.5% to reach USD 14.0 billion by 2031.
The expensive initial expenditure needed to start up a plant is one of the main issues manufacturers of nitrogen generators confront. These systems also need routine maintenance, which can raise their operating costs. Additionally, operating and maintaining these systems calls for expert staff, which can be difficult in some areas. But throughout the projection period, it is anticipated that these difficulties will be lessened due to technological improvement.
N2Gen LLC, Parker Hannifin Corporation, Air Products and Chemicals Inc., Atlas Copco AB, Generon IGS Holdings Inc., Nitrogen Systems Inc., and Peak Industrial LLC are the major companies in the nitrogen generator market. These businesses have a solid foundation in the market thanks to their diverse product line up and extensive geographic reach.
- In January 2021, As a leading manufacturer of nitrogen generators, Purification Solutions LLC is bought by Atlas Copco. With this acquisition, Atlas Copco hopes to grow its market share in Europe, North America, and other critical markets.
- In March 2020, After Gardner Denver Holdings Inc. and Ingersoll Rand amalgamated, the mission-critical industrial, as well as medical and speciality vehicle services and products, will benefit from a better and wider portfolio.
Nitrogen Generator Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 14.0 billion|
|Growth Rate||CAGR of 3.5 % during 2021-2031|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||N2Gen LLC, Parker Hannifin Corporation, Air Products and Chemicals Inc., Atlas Copco AB, Generon IGS Holdings Inc., Nitrogen Systems Inc., and Peak Industrial LLC|
Key Segments of the Global Wireless Door Window Sensor Market
Type Overview (USD Billion)
- PSA Nitrogen Generator
- Membrane Nitrogen Generator
Application Overview (USD Billion)
- Food & Beverage
- Chemical & Petrochemical
- General Industrial
Regional Overview (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa
- South Africa