Industrial Nitrogen Generator Market to Reach US$ 5.5 billion by 2026| MarketsandMarkets™

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 increasing demand for industrial nitrogen generators from the packaged and convenient food sector is driving the market. In addition, increasing demand from end-use industries such as food & beverage, transportation, medical & pharmaceutical, chemical, and manufacturing as well as increasing demand due to the growing consumer electronics sector is also driving the industrial nitrogen generator market. Growth in urbanization in emerging economies, such as APAC, Middle East & Africa, and South America, is also driving the market.

Industrial nitrogen generators are equipment, which separates nitrogen from purified compressed air and provide nitrogen for various industrial purposes, such as beverage processing, electronics manufacturing, pharmaceutical drug production and others. Parker Hannifin Corporation (US), Ingersoll Rand (US), Air Products and Chemicals, Inc. (US), Atlas Copco (Sweden), Air Liquide (France), Hitachi Industrial Equipment System Company (Japan), Inmatec (Germany), Linde Plc (UK), Novair SAS (France), and Oxymat A/S (Denmark) are the major players in the market.

Based on the end-use industry, the industrial nitrogen generator market is segmented into food & beverage, medical & pharmaceutical, transportation, electrical & electronics, chemical & petrochemical, manufacturing, packaging, and others. Food & beverage is the largest end-use industry of the industrial nitrogen generators market owing to the increased demand for better quality packaged food items, growth in demand for convenient foods, reduction in food wastage, and increasing urbanization in emerging economies. In addition, 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 the largest market for industrial nitrogen generators. This large market share is primarily attributed to emerging economies, such as India, China, Indonesia, Malaysia, Singapore, Vietnam, and Thailand, in the region, where demand for packaged and convenient food products are increasing annually. Moreover, growth in population and increasing 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, oil & gas, and chemical are also driving the market for industrial nitrogen generators in the region.

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