Industrial Nitrogen Generator Market| Latest Industry Demands and Top Manufacturers Analysis Report 2021-2026- MarketsandMarkets™ Study
Verfasser: ashwani_kailiya on Friday, 28 January 2022The report "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", 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 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.
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Based on technology type, PSA industrial nitrogen generators is estimated to be the largest market in the overall industrial nitrogen generator market in 2021.