Scienza e Tecnologia
Nitrogen Generators Market to Reach $17.43 Bn, Globally, by 2026 at 4.9% CAGR, Says Allied Market Research
Cost-saving and sustainability offered by nitrogen, development of the manufacturing sector, and increase in employee safety have boosted the growth of the global nitrogen generators market. However, threat of substitutes hampers the market growth. On the contrary, technological advancements are expected to create lucrative opportunities in the near future.
By generation type, the PSA nitrogen generator segment held the largest share in 2018, contributing to around half of the global nitrogen generators market, owing to increase use of PSA nitrogen generators across plastic molding industry and food & beverage industry and advantages offered by this generator such as convenience, consistency & reliability, and low operating costs. However, the membrane nitrogen generator segment is projected to register the fastest CAGR of 5.1% during the forecast period, owing to rise in the adoption of these generators in healthcare and chemical industries.
By end users, the chemical segment is projected to portray the fastest CAGR of 6.0% during the forecast period, owing to increase in applications of nitrogen generators in the chemical industry such as purging and blanketing. However, the food & beverage segment dominated the global nitrogen generators market in 2018, contributing to nearly one-fourth of the market, due to rise in number of food & beverage plants globally and dependency of the industry on nitrogen gas to preserve freshness and prevent spoilage of products.
The global nitrogen generators market across in 2018, accounting for nearly two-fifths of the market, owing to huge demand for nitrogen generators in the food & beverage, laboratories, and aviation industries. However, the market across Asia-Pacific is expected to manifest the fastest CAGR of 5.8% during the study period, owing to the presence of emerging economies and several end-use industries such as automotive, food & beverage, electronics, and oil & gas that demand nitrogen generators.
https://www.alliedmarketresearch.com/knowledgetree
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free ( USA / Canada ):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong : +852-301-84916
India ( Pune ): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg