From GlobeNewswire: 2024-11-21 08:14:00

The Industrial Nitrogen Generator Market is expected to reach a valuation of USD 7.2 billion by 2032, growing at a CAGR of 5.4% from 2024. Key trends include increased adoption of PSA nitrogen generators and a focus on energy efficiency. The market is driven by demand for high-purity nitrogen in critical applications like electronics and healthcare.

In 2023, PSA technology dominated the market, accounting for over 54% of the share. The food & beverage industry held the largest end-use segment share, leveraging nitrogen for packaging and preservation. North America led the market with over 46% of global demand, driven by industries like healthcare, electronics, and chemicals.

Recent developments include Parker Hannifin Corporation’s compact nitrogen generators and Air Products and Chemicals, Inc.’s new manufacturing facility in Asia. The market’s growth is fueled by demand from various industries and the shift towards on-site nitrogen generation for efficiency and sustainability.

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