The global industrial nitrogen generator market is projected to grow from USD 4.2 billion in 2021 to USD 5.5 billion by 2026, recording a CAGR of 5.4%. The surge in demand is largely attributed to the processed food industry, along with expanding applications in medical, pharmaceutical, transportation, chemical, manufacturing, and electronics sectors.
According to the report titled “Industrial Nitrogen Generator Market by Technology Type, Size, End-use Industry, and Region – Global Forecast till 2026”, rapid urbanization and industrialization in emerging economies such as those in Asia Pacific (APAC), Middle East & Africa, and South America are expected to significantly boost market growth.
Key technologies include Pressure Swing Adsorption (PSA), membrane-based systems, and cryogenic nitrogen generators, with adoption varying by industry. APAC stands out as the fastest-growing regional market, driven by increasing consumption of packaged foods, rising disposable incomes, and government-led industrial development.
Major players in the 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)
Recent Highlights:
- Atlas Copco (Jan 2021): Acquired Purification Solutions LLC to enhance its nitrogen generator portfolio.
- Gardner Denver & Ingersoll Rand (Mar 2020): Merged to offer a broader portfolio in industrial and medical markets.
- Air Products (Jan 2019): Secured an expanded nitrogen supply contract with a major electronics manufacturer in Tianjin, China.
The market outlook remains strong as demand continues to rise for convenient, high-quality food and reliable industrial gas solutions across diverse industries.