The Global Nitrogen Gas Booster Market report includes a global opportunity analysis and industry forecasts for the period 2023-2032. The global market was valued at USD 610.56 Million in 2022 , registering a CAGR of 6.34% from 2023 to 2032. The base year considered for the study is 2022, and the forecast has been provided for the period, 2023 to 2032.
The nitrogen gas boosters market growth is expected to gain high momentum during the forecast period due to it is widely available and economical.
Nitrogen gas boosters are used in various applications such as pressure tests, charging of gas springs, leak testing, charging of nitrogen accumulators, gas transfer, and cylinder charging, and scavenging. The nitrogen gas booster is segmented by drive, by type by installation and by stage. Nitrogen gas booster caters to a cost-effective and economical way to extend the life of nitrogen supply tanks.
Segment Analysis:
The global nitrogen gas boosters market is segmented on the basis of drive, type, installations, and stage.
On the basis of drive, it is segmented into pneumatic, hydraulic, and electrical. Of these, the pneumatic drive is majorly used as it is best suited for gas pressure increases, high-pressure gas transference, cylinder charging, and scavenging.
By type, it is divided into single and double-acting. the double-acting type is widely used in applications that require very low gas pressures such as bottle scavenging, bottle filling from the sources such as nitrogen generators and etc.
On the basis of installation, it is segmented into stationary and mobile. The stationary installation type is more preferred as it is more economical than a mobile installation.
By stage, it is segmented into single and multi-stage. Traditionally single stage was widely used but now the multi-stage is being more commonly used as they provide better and constant outputs
Key Factors Impacting Market Growth:
- Nitrogen is widely available and economical
- The most widely used technique for producing high-purity industrial gases such as oxygen
- It is corrosion-free, and heavy-duty makes it a suitable component
Regional Analysis:
By region, North America, Western Europe, and Asia Pacific are estimated to dominate the nitrogen gas boosters market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with many global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the nitrogen gas boosters market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the nitrogen gas boosters market in the region.
Asia Pacific is estimated to be the fastest-growing region for the nitrogen gas boosters market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the nitrogen gas boosters market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.
Companies Covered:
Stromsholmen AB, Accudyne Industries LLC, High-Pressure Technologies LLC, Hydration Pressure Technologies Ltd., Maximator GmbH, DADCO. Inc., Parker Hannifin, Hydraulics International, Inc., Midwest Pressure System, and Staffordshire Hydraulic Services Ltd…
Years Covered in the Study:
Historical Year: 2019, 2020, 2021
Base Year: 2022
Estimated Year: 2023
Forecast Year: 2023-2032
Market Segmentation:
By Drive:
- Pneumatic
- Hydraulic
- Electrical
By Type:
- Single Acting
- Double Acting
By Installation:
- Stationary
- Mobile
By Stage:
- Single-Stage
- Multi-Stage
By Region:
- North America
- By Country (US, Canada, Mexico)
- By Drive
- By Type
- By Installation
- By Stage
- Western Europe
- By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- By Drive
- By Type
- By Installation
- By Stage
- Eastern Europe
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Drive
- By Type
- By Installation
- By Stage
- Asia Pacific
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Drive
- By Type
- By Installation
- By Stage
- Middle East
- By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
- By Drive
- By Type
- By Installation
- By Stage
- Rest of the World
- By Region (South America, Africa)
- By Drive
- By Type
- By Installation
- By Stage
Reasons To Buy This Report:
- Market size estimation of the nitrogen gas booster market on a regional and global basis
- The unique research design for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
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