Nitrogen Purging System Market Size, Share, Growth, and Industry Analysis by Type (Dilution Nitrogen Purging, Displacement Nitrogen Purging) By Application (Oil & Gas, Chemical Industry, Metal Processing and Others), Regional Insights, and Forecast To 2031

Updated On: 20 November 2023

Nitrogen Purging System Market Report Overview

• 

• Request a Free sample to learn more about this report

The global nitrogen purging system market size was USD 315.6 million in 2021 and is expected to be USD 433.6 million in 2031, exhibiting a CAGR of 3.2% during the forecast period.

Numerous uses for nitrogen exist, depending on the sector. It is a dull, odourless gas that makes up around 78 percent of our atmosphere. However, nitrogen that is produced mechanically is used in a variety of industries, including the petrochemical industry and bigger fermentation industry. Purging is a process to remove some substances from pipelines, tubes, and holders used in various operating cycles, such as hydrocarbon compounds, gases, moisture content and others. The current best practise for eliminating any undesirable or dangerous air with an idle nitrogen environment is nitrogen purging. With nitrogen cleaning, there are several frameworks and methods, and each of them required a particular set of tools to function.

In addition, the market for Nitrogen Purge Systems is sharply segmented between those companies that sell equipment that benefits consumers and those who serve the smaller OEM market, which buys equipment in general. The Nitrogen Purge Systems Market is experiencing increased attention from a variety of businesses, including manufacturers, metal welders, petrochemical treatment facilities, parent oil and gas companies, and others. These days, Nitrogen Purge Systems also look for uses in the fields of avionics, healthcare, and electromaterial research.

COVID-19 Impact: Pandemic-related Disruptions Impacted Market Dynamics

The global COVID-19 pandemic has been unprecedented and staggering, with spherical silica market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.

The worldwide economy and all global industries have been greatly influenced by COVID-19. Global supply chain disruptions are the result of lockdowns being implemented and the temporary suspension of local and international travel. Due to the sharp drop in product demand, economies all around the world have suffered. The pandemic-related lack of raw materials has curtailed output across many industries. Many companies have been compelled to close their production facilities as a result. The main causes of the output reduction are the fall in shipments and the supply chain interruptions. Therefore, COVID-19 is having an impact on the encoder industry. As a result, the predicted annual nitrogen purging system market growth rate has decreased.

LATEST TRENDS

"Growing Technological Advancements to Boost Market Growth"

Manufacturers that sell the entire equipment assembly or have a focus on one or more types of equipment make up the liquid nitrogen purge systems market. These businesses provide the customer with full installation, monitoring, and maintenance services like leak testing, live simulations, and commissioning. In addition to equipment makers, businesses that produce industrial gases also aid in the purging process by using contracted services.

The market for liquid nitrogen purge systems is highly fragmented, with regional distributors providing the machinery as a whole or by component in addition to a smaller structured OEM market. The main user groups for liquid nitrogen purge systems are parent oil and gas companies, petrochemical refineries, metal welding & fabrications, and metal fabrications. Recently, various industry areas, including aviation, healthcare, electro physics, and other industrial processes, have begun to adopt the product.

Nitrogen Purging System Market Segmentation

• 

• Request a Free sample to learn more about this report

• By type

Depending on nitrogen purging system given are types: Dilution Nitrogen Purging, Displacement Nitrogen Purging. The Displacement Nitrogen Purging will capture the maximum market share through 2028.

• By Application

The market is divided into Oil & Gas, Chemical Industry, Metal Processing and Others based on application. The global nitrogen purging system market players in cover segment like Oil & Gas, Chemical Industry will dominate the market share during 2021-2028

DRIVING FACTORS

"Modified Atmosphere Packaging to Enhance the Market Share "

The requirement to preserve their products as fresh as possible for as long as feasible is a significant problem for the food producing businesses. Innovative food preservation techniques are now more important than ever for food producers if they want to compete in a market that is becoming more and more international and customers' demands for foods that last longer rise.

Using modified environment packaging to address food storage issues is becoming more and more common. The immediate environment inside food packaging may be changed, which can greatly extend shelf life, this has increased as a result of the nitrogen industry's expansion and increase in of nitrogen purging system market share the microelectronics sector's growth. As a result, the need for of nitrogen purging system has increased.

"Generators of Food Grade Nitrogen and Supply to Boost Market Growth "

Because of its distinct physical and chemical characteristics, gaseous nitrogen may be used to manufacture food and beverages. Since nitrogen gas is relatively inert, it may be used in food processing to eliminate oxygen and moisture, preventing simple oxidative damage and spoiling while also extending shelf life.

Given the significance of nitrogen in the production of food, manufacturers are required to adhere to stringent regulations for compressed air systems in order to provide their connected processes with high-grade nitrogen for food. Due to the overuse nitrogen purging system, it can be predicted that in the near future, there will be a rise of the same material, increasing the likelihood of expansion for nitrogen purging system market growth.

RESTRAINING FACTORS

"Prudent Safety Practices while Handling of Nitrogen "

Because of its distinct physical and chemical characteristics, gaseous nitrogen may be used to manufacture food and beverages. Since nitrogen gas is relatively inert, it may be used in food processing to eliminate oxygen and moisture, preventing simple oxidative damage and spoiling while also extending shelf life. Given the significance of nitrogen in the production of food, manufacturers are required to adhere to stringent regulations for compressed air systems in order to provide their connected processes with high-grade nitrogen for food.

Nitrogen Purging System Market Regional Insights

• 

• Request a Free sample to learn more about this report

"North America to Dominate Market Share through 2028"

Geographically, the industry for liquid nitrogen purge systems may be found in North America, Western and Eastern Europe, the Asia-Pacific area, Japan, the Middle East, and Africa. OEMs from North America and Europe are often found in the markets for liquid nitrogen purge systems, but the market in Asia Pacific is expanding significantly as a result of expansion in associated end-use sectors including oil and gas, heavy engineering, the automobile industry, and others.

As the liquid nitrogen purge systems are an essential part of their production process, it can be assumed that the nitrogen purging system market growth of these systems would be proportionate to the respective growth rates of end use industries. Market viability would be determined by value improvements made by suppliers and supported by maintenance and service.

KEY INDUSTRY PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.

List of Market Players Profiled

• Praxair Technology
• Air Products and Chemicals
• IKM Testing
• Linde
• Schlumberger
• Airgas
• CS&P Technologies
• Halliburton
• BHGE
• CNPC
• NOV
• NPS Group
• CNOOC
• Tang Seng
• Smape Srl
• A.Hak Industrial Services BV
• Dajan
• Kerui
• DSV Pipetronix

REPORT COVERAGE

Liquid nitrogen should only be kept in containers with loose-fitting lids (Never seal liquid nitrogen in a container). As the liquid boils, a container that is firmly sealed will create pressure and eventually risk exploding. Never handle uninsulated containers holding liquids in cryogenic temperatures. On materials that are really cold, flesh will adhere. At low temperatures, it is harmful to contact even nonmetallic things. Never tamper with or alter safety mechanisms like cylinder valves or tank regulators. Only well ventilated locations should be used to store liquid nitrous oxide (do not store in a confined space). Never keep liquid nitrous in an exposed container for an extended period of time. Dewars and cylinders shouldn't be filled more than 80% full since gas expansion during heat might result in excessive pressure buildup