The global industrial nitrogen generator market size is projected to reach USD 5.5 billion by 2026 from USD 4.2 billion in 2021, at a CAGR of 5.4% during the forecast period. The increasing demand for industrial nitrogen generator from the packaged and convenient food sector is driving the market. In addition, increasing demand from end-use industries such as food & beverage, transportation, medical & pharmaceutical, chemical, and manufacturing as well as increasing demand due to growing consumer electronics sector is also driving the industrial nitrogen generator market.
The growing demand for industrial nitrogen generator from the processed food sector is driving the market. In addition, increasing demand from end-use industries such as transportation, medical & pharmaceutical, chemical, and manufacturing as well as increasing demand due to growing consumer electronics sector is also driving the industrial nitrogen generator market. Growth in urbanization in the emerging economies, such as APAC, Middle East & Africa, and South America are also driving the market.
Growth in the demand for nitrogen gas used in various industries and growth in urbanization in the emerging economies, such as APAC, Middle East & Africa, and South America, are also driving the market. The key players in the industrial nitrogen generator market include Parker Hannifin Corporation (US), Ingersoll Rand (US), Air Products and Chemicals, Inc. (US), Atlas Copco (Sweden), Air Liquide (France), Hitachi Industrial Equipment System Company (Japan), Inmatec (Germany), Linde Plc (UK), Novair SAS (France), and Oxymat A/S (Denmark).
