The Future of Industrial Gas Supply: Trends and Innovations in Nitrogen Generation
Posted by Jack Martin on September 19th, 2023
The global industrial nitrogen generator market is witnessing significant growth as industries across the spectrum increasingly recognize the importance of reliable and cost-effective on-site nitrogen generation. A new market research report highlights the key trends, drivers, and opportunities in this rapidly evolving sector. The industrial nitrogen generator market, valued at .5 billion in 2026, is expected to expand at a 54% CAGR.
Key Market Drivers:
Growing Industrial Applications: Industries such as oil and gas, food and beverage, chemicals, and electronics have witnessed a surge in demand for high-purity nitrogen. Industrial nitrogen generators offer a cost-effective and efficient solution for meeting this requirement.
Advancements in Technology: Ongoing technological advancements have led to the development of energy-efficient and compact nitrogen generator systems, making them more accessible to a wider range of industries.
Environmental Concerns: As environmental regulations become more stringent, industries are shifting towards on-site nitrogen generation to reduce greenhouse gas emissions associated with the transportation and storage of nitrogen cylinders.
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Cost Savings: Industrial nitrogen generators offer significant cost savings compared to traditional nitrogen supply methods. Companies can produce nitrogen on-demand, eliminating the need for continuous cylinder replacements.
Safety and Reliability: On-site nitrogen generation enhances safety by reducing the risks associated with handling high-pressure nitrogen cylinders and ensures a constant nitrogen supply, critical for various industrial processes.
Furthermore, it profiles key players in the market, including 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) among others, and examines their strategies such as mergers, acquisitions, partnerships, and product innovations.
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About the AuthorJack Martin
Joined: August 7th, 2017
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