Industrial Nitrogen Generator Market will Register at a CAGR of 5.4% From 2021 to 2026- Exclusive Report by MarketsandMarkets™
Verfasser: ashwani_kailiya on Monday, 11 April 2022The 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 generators 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.
PSA industrial nitrogen generators are widely used in various industries. The PSA industrial nitrogen generators segment is the largest, which is projected to continue till 2026. The key growth driver of the high consumption of these industrial nitrogen generators is their use by the food & beverage industry in processing and packaging applications to achieve better quality and longer shelf life. PSA nitrogen generators are also used in automotive electronics, consumer electronic product manufacturing, and metal processing, and so on. These are most commercially used industrial nitrogen generators owing to ease of use, efficient operations, and low cost.
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