Adoption of Nitrogen Generators in Food and Beverage Industry to Complement Market Growth
Global nitrogen generators market is expected to reflect stable growth on account of increasing adoption of various types of generates across industrial applications. Growth of the market is largely influenced by the food and beverage industry. Nitrogen is used in food packaging and processing and in alcoholic beverages to get top quality brew. Moreover, presence of oxygen and moisture has adverse effect on food quality, and structure. However, nitrogen produces an inert atmosphere that helps in preserving perishable food products and increases their shelf life. In this backdrop, nitrogen is widely used in production of beverages such as beer, juices, and wine. That said, increasing adoption of nitrogen in food and beverage industry is expected to influence growth of the nitrogen generators market on the global front.
Plug and Play Nitrogen Generators to Witness High Demand
The demand for plug and play nitrogen generators is expected to increase at a momentous rate in the following years. Several structural and functional benefits of plug and play nitrogen generators such as compact design, autonomous functioning, and easy accessibility for operators have pushed their adoption across industries. In addition, these systems can be stationary or modular depending on job requirement and provide high energy efficiency, multistage filtration and cost effective. Moreover, plug and play nitrogen generators feature optimum connectivity to gather information on real time basis and are safe to operate. Their increasing demand, given this background, is expected to augur well for the nitrogen generators market.
PSA Nitrogen Generators to Largely Contribute towards Value Growth
Sales of PSA (Pressure Swing Adsorption) based nitrogen generators are anticipated to increase significantly in the years to follow. This can be attributed towards growing demand and use of PSA nitrogen generators across industries such as transportation and logistics, food and beverages, electronics, pharmaceuticals and manufacturing. PSA based nitrogen generators generate continuous flow of nitrogen gas using pressure swing adsorption from purified and compressed air. This has resulted in a growing demand for PSA nitrogen generators owing to their benefits such as ease of use, low cost, efficient operations, providing high purity nitrogen, flexible nitrogen supply and reliable service life. These factors are expected to push use of PSA generators, consequently complementing value growth of the nitrogen generators market.
Asia Pacific Poised to Remain an Optimistic Lucrative Region for Nitrogen Generators Market
The demand for nitrogen generators in Asia Pacific is expected to increase at a significant rate. Although developed nations in North America are likely to hold a significant share in the nitrogen generators market, emerging economies in Asia Pacific are poised to be the next go-to-nations owing to higher market attractiveness. Growth in Asia Pacific can be contributed towards macro factors such as economic advancement of countries such as China, India, Singapore, Thailand, and Malaysia. Moreover, growing urbanisation and population has further pushed demand for various consumables, particularly packaged and convenience food products.
In addition, rise in urbanisation coupled with improving standards of living and favourable government initiatives have attracted several companies ranging across industries such as packaging, automotive, food and beverages, and oil and gas. Moreover, government efforts such as “Made in China 2025” and “Make in India” have given an impetus to the manufacturing industry in the region. This aspect has further propelled the use of nitrogen for various critical applications such as removal of VOCs (Volatile Organic Compounds), enhancing freshness of food products in modified atmosphere packaging, and prevention of oxidation during development of new metals. In this backdrop, emerging economies in Asia Pacific are expected to reflect high growth lucrativeness for the market in the coming years.
Nitrogen Generators Market: Competitive Landscape
Major players in the nitrogen generators market are involved in growth strategies such as collaborations, mergers, acquisitions, and alliances to strengthen their position. For instance, in 2021, Atlas Copco completed the acquisition of Purification Solutions LLC, a leading manufacturer of nitrogen generators. With this acquisition, Atlas looks forward to improving its market share and fuel business across North America, and Europe. Likewise, in March 2020, Ingersoll Rand and Gardner Denver Holdings concluded their merger in a bid to offer broader and stronger portfolio of energy, specialty vehicle and medical products and services.
A few of the major players in the market include Parker Hannifin Corporation, Atlas Copco, Linde Plc, Ingersol Rand, Air Liquide, Novair SAS, Hitachi Industrial Equipment System, On Site Gas Systems Inc., and Air Products and Chemicals Inc.
The Global Nitrogen Generators Market Is Segmented As Below:
By End User
Key Elements Included In The Study: Global Nitrogen Generators Market
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