Global Nitrogen Purging System Sales Market Report 2023

Market Analysis and Insights: Global Nitrogen Purging System Market

Nitrogen purging is an air-cleansing method used to ensure that no trace of harmful contaminants or gases is left in the atmosphere. The ultimate goal here is to re-stabilize the environment to prevent an explosion.

That is why the industrial use of nitrogen in the oil and gas industry is so common. When aiming to purge pipelines, for instance, dry nitrogen gas can be run through the lines to eliminate any remaining water. In addition, the nitrogen prepares pipelines or vessels that will later be exposed to flammable or explosive gases.

Due to the COVID-19 pandemic, the global Nitrogen Purging System market size is estimated to be worth US$ 315.6 million in 2022 and is forecast to a readjusted size of US$ 394.5 million by 2029 with a CAGR of 3.2% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Dilution Nitrogen Purging accounting for % of the Nitrogen Purging System global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Oil & Gas segment is altered to an % CAGR throughout this forecast period.

Global Nitrogen Purging System main players are Praxair Technology, Air Products and Chemicals, IKM Testing, Linde, Schlumberger, Airgas, etc. Global top five manufacturers hold a share over 40%. North America is the largest market, with a share nealy 30%.

Global Nitrogen Purging System Scope and Market Size

The global Nitrogen Purging System market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Nitrogen Purging System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.



Segment by Type


Dilution Nitrogen Purging

Displacement Nitrogen Purging



Segment by Application


Oil & Gas

Chemical Industry

Metal Processing

Others


By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions



By Company


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