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Nitrogen is a naturally occurring element that is essential for the growth of plants and animals. It is the seventh most abundant element in the universe. Elemental nitrogen is colorless, odorless, tasteless, and mostly inert gas at standard conditions. It has a variety of applications in several industry verticals such as replacement of air where oxidation is undesirable, filling automotive and aircraft tires due to its inertness, and production of electronic parts such transistors, diodes, and integrated circuits. High-pressure nitrogen is used in enhanced oil recovery by forcing crude oil that would otherwise not be recovered out of oil wells. Apart from this in several different applications, nitrogen is being used, such as packaging food, manufacturing steel, cheaper alternative to argon, and as a propellant in jet fuel.
The nitrogen generator market is classified into a generator type and application. Generator type is further segmented into pressure swing adsorption, membrane nitrogen generator, and cryogenic nitrogen generator. Pressure swing adsorption is projected to dominate the market, owing to its simplicity and low operating cost. The major application is to recover highly pure hydrogen, methane, and carbon dioxide, as well as the generation of nitrogen and oxygen. Based on the application, nitrogen generator is used, which mainly includes food & beverages, chemical processing, metal processing, power generation, and others.
The exponential manufacturing activities across the world to meet the consumer goods demand is projected to drive the market. In addition, evolving electronics, chemicals, refineries, and food & beverage production is anticipated to boost the growth of the nitrogen generator market.
The nitrogen generator is equipped with a compressor, which might increase the cost associated with electricity and equipment. Furthermore, frequent maintenance requires for smooth operation likely to inhibit the growth of the market.
Key Market Driver -
Versatile applications in several industry verticals
Key Market Restraint -
Frequent maintenance and high cost
Some of the leading nitrogen generator companies in the world are Linde, Parker Hannifin, Atlas Copco, Generon, Inc., Air Products, Airpack Nederland BV, INMATEC GaseTechnologie GmbH & Co. KG, Compressed Gas Technologies Inc., Oxymat A/S, South-Tek Systems, and NOXERIOR s.r.l.
The nitrogen generator market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is consistently investing in exploration and production activities to meet the rising demand for hydrocarbons. The recent shale gas revolution has increased the country’s share in the production of natural gas. In addition, tremendous development in manufacturing, chemicals, and other industries likely to drive the nitrogen generator market. Europe is projected to offer a profitable market for the growth of the nitrogen generator owing to a growing demand for electric vehicles and the expansion of renewable energy, which needs several metal processing operations. The Asia Pacific is one of the fastest developing regions in the world and massively investing in infrastructure and energy & power industry. China is home to some of the most significant chemicals and electronic companies that would upsurge the demand for nitrogen generator.
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