Industrial Nitrogen Generator Market to Reach $5.5B by 2026

According to the latest report, the global Industrial Nitrogen Generator Market is set to grow from USD 4.2 billion in 2021 to USD 5.5 billion by 2026, reflecting a CAGR of 5.4%. This expansion is primarily driven by rising demand from the processed food sector along with increased requirements from end-use industries such as transportation, medical & pharmaceutical, chemical, manufacturing, and consumer electronics. Urbanization in emerging regions—especially in APAC, the Middle East & Africa, and South America—further bolsters market growth.

The report, titled "Industrial Nitrogen Generator Market by Technology Type (PSA, Membrane-based, Cryogenic based), Size and Design, End-use Industry (F&B, Medical & Pharmaceutical, Transportation, C&P, E&E, Manufacturing) and Region - Global Forecast till 2026," is extensive, featuring 209 market data tables, 46 figures, and 242 pages of in-depth analysis.

Key industry players include notable companies such as Parker Hannifin Corporation (US), Ingersoll Rand (US), Air Products and Chemicals, Inc. (US), Atlas Copco (Sweden), Air Liquide (France), and Hitachi Industrial Equipment System Company (Japan), among others.

Recent developments highlighted in the report include:

• In January 2021, Atlas Copco acquired Purification Solutions LLC, aiming to boost market share and expedite development in North America, Europe, and other strategic regions.
• In March 2020, Gardner Denver Holdings Inc. merged with the Ingersoll Rand Industrial segment, broadening its portfolio to include critical industrial, energy, medical, and specialty vehicle products.
• In January 2019, Air Products and Chemicals, Inc. secured an additional onsite nitrogen supply contract with a major electronics manufacturer in Binhai New Area, Tianjin, China, further strengthening its supply position in the Beijing-Tianjin-Hebei region.

Regionally, the APAC market is projected to experience the fastest growth. Emerging economies such as India, China, Indonesia, Malaysia, Singapore, Vietnam, and Thailand are witnessing increasing demand for packaged and convenience food products, which in turn drives the need for industrial nitrogen generators. Additionally, progress in industrialization, a shift in consumer demographics, improved living standards, rising disposable incomes, and proactive government initiatives in sectors like automotive, marine, petrochemical, electronics, oil & gas, and chemicals are further boosting the market.

For a comprehensive analysis, please refer to the attached PDF brochure.

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