Nitrogen Purge Equipment Market
Nitrogen Purge Equipment Market Global Industry Assessment & Forecast
#
Pages:
145
2021
Nov - 2021
VMR-2021-0287
Segments Covered
By
Type Dilution nitrogen purge systems, Displacement nitrogen purge systems
-
By
Application Oil and gas sector, Pharmaceutical and chemicals sector, Mining sector, Food and beverages sector, Discrete industries
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
561.25 Million |
 Revenue 2028:
|
901.3 Million |
 Revenue CAGR
(2021 - 2028): |
6.1 |
Fastest Growing Region (2022 -
2028)
|
Asia-Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Type Analysis: Preview On the basis of Type,
the market is segmented into Dilution nitrogen purge systems, Displacement nitrogen purge systems. Epoxy held the highest
share in the global Nitrogen Purge Equipment market and
is projected to witness the same trend during the forecast period. Application Analysis:
Preview Based on Application,
the market is segmented into Oil and gas sector, Pharmaceutical and chemicals sector, Mining sector, Food and beverages sector, Discrete industries. Energy & Power accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028. Analysis:
Preview
Based
on , the market is segmented into .
dominates the global Nitrogen Purge Equipment
market and is expected to continue the same trend from 2021 to 2028.
Global Nitrogen Purge Equipment Market: Type Segment Analysis
-
- Dilution nitrogen purge systems
- Displacement nitrogen purge systems
Global Nitrogen Purge Equipment Market: Application Segment Analysis
-
- Oil and gas sector
- Pharmaceutical and chemicals sector
- Mining sector
- Food and beverages sector
- Discrete industries
FAQ
Frequently Asked Question
What is the global demand for Nitrogen Purge Equipment in terms of revenue?
-
The global Nitrogen Purge Equipment valued at 561.25 Million in 2020 and is expected to reach 901.3 Million in 2028 growing at a CAGR of 6.1%.
Which are the prominent players in the market?
-
The prominent players in the market are Vadilal Chemicals,Aquila Engineers, Praxair Technology, Airgas, Halliburton, Liquid Packaging Solutions (LPS), Pepperl+Fuchs, Expo Technologies, IKM Testing UK, Epoxy Oilserv, Air Products and Chemicals, GTS..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.1% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Nitrogen Purge Equipment include
- The industrial gases production offers support in the purging method by employing contractual services which is expected to drive the growth of the nitrogen purge equipment market in the years to come.
- The use of nitrogen blanketing techniques for explosion prevention while working with potentially dangerous bulk chemical in pharmaceutical industry is further expected to support the growth of the nitrogen purge equipment market in near future.
Which region accounted for the largest share in the market?
-
Asia-Pacific was the leading regional segment of the Nitrogen Purge Equipment in 2020.
