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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Market Share by Application
Food and beverage applications account for a significant share of the nitrogen generator market owing to the benefits associated with the usage of nitrogen gas in the preservation of food. Nitrogen helps preserve food for a longer period of time as the chemical properties of nitrogen such as inertness and ability to slow down oxidative processes prevents the food from getting spoiled. Moreover, applications of nitrogen generators in food processing, food packaging, and beverage processing is further increasing the demand for nitrogen generators in the market.
Market Share by Region
At a regional level, North America is expected to occupy a sizeable share of the global nitrogen generator market, fuelled by the high demand for nitrogen generators in countries such as the United States. Nitrogen generators are highly in demand among end users such as food and beverage manufacturers, laboratories, and transportation as on-site nitrogen generators offer numerous advantages when compared to nitrogen cylinders. Presence of key players in the region is also bolstering the market for nitrogen generators in North America.
Meanwhile, the Asia Pacific is anticipated to witness rapid growth in the nitrogen generator market, driven by expansion of end use industries such as food and beverage, pharmaceuticals, and aviation. Countries such as India and China are contributing to the demand for nitrogen generators in the Asia Pacific region, due to their expanding industrial and manufacturing base.
Nitrogen Generator Market Report Snapshots
Nitrogen Generator Market Size
Nitrogen Generator Market Analysis
Nitrogen Generator Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is expected to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 17.91 billion by 2032.
The major drivers of the market are rising applications in chemical industries, increasing demand from food and beverage industry, and rising popularity owing to its reliability.
The key nitrogen generator market trends include technological advancements, cost-effective nature, and rising awareness regarding environmental friendliness of nitrogen generators.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The different types of nitrogen generators in the market are cryogenic nitrogen generator, membrane nitrogen generator, and pressure swing adsorption (PSA) nitrogen generator.
The various applications of nitrogen generators in the market include chemicals, transportation, food and beverages, electrical and electronics, and medical and pharmaceuticals, among others.
The key players in the market, according to the report, are Hitachi, Ltd., Generon, LLC, Airpack Nederland B.V., Linde plc, On Site Gas Systems, Inc., NOXERIOR s.r.l., and Atlas Copco AB, among others.
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