Global Nitrogen Purging System Sales Market Report 2020
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.
In the coming years there is an increasing demand for Nitrogen Purging System in the regions of North America and Europe that is expected to drive the market for more advanced Nitrogen Purging System. Growth in government budgets in the principal countries, increasing of oil and gas fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Nitrogen Purging System will drive growth in North America and Europe markets.
Market Analysis and Insights: Global Nitrogen Purging System Market
The global Nitrogen Purging System market size is projected to reach US$ 369.4 million by 2026, from US$ 305.8 million in 2020, at a CAGR of 3.2% during 2021-2026.
Global Nitrogen Purging System Scope and Market Size
The global Nitrogen Purging System market is segmented by company, region (country), by Type, and by 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), by Type and by Application for the period 2015-2026.
Segment by Type, the Nitrogen Purging System market is segmented into
Dilution Nitrogen Purging
Displacement Nitrogen Purging
Others
Segment by Application, the Nitrogen Purging System market is segmented into
Oil & Gas
Chemical Industry
Metal Processing
Others
The Nitrogen Purging System market is analysed and market size information is provided by regions (countries). Segment by Application, the Nitrogen Purging System market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Nitrogen Purging System market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Nitrogen Purging System business, the date to enter into the Nitrogen Purging System market, Nitrogen Purging System product introduction, recent developments, etc.
The major vendors covered:
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
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.
In the coming years there is an increasing demand for Nitrogen Purging System in the regions of North America and Europe that is expected to drive the market for more advanced Nitrogen Purging System. Growth in government budgets in the principal countries, increasing of oil and gas fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, increasing adoption of Nitrogen Purging System will drive growth in North America and Europe markets.
Market Analysis and Insights: Global Nitrogen Purging System Market
The global Nitrogen Purging System market size is projected to reach US$ 369.4 million by 2026, from US$ 305.8 million in 2020, at a CAGR of 3.2% during 2021-2026.
Global Nitrogen Purging System Scope and Market Size
The global Nitrogen Purging System market is segmented by company, region (country), by Type, and by 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), by Type and by Application for the period 2015-2026.
Segment by Type, the Nitrogen Purging System market is segmented into
Dilution Nitrogen Purging
Displacement Nitrogen Purging
Others
Segment by Application, the Nitrogen Purging System market is segmented into
Oil & Gas
Chemical Industry
Metal Processing
Others
The Nitrogen Purging System market is analysed and market size information is provided by regions (countries). Segment by Application, the Nitrogen Purging System market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.
Competitive Landscape
and Nitrogen Purging System Market Share AnalysisNitrogen Purging System market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Nitrogen Purging System business, the date to enter into the Nitrogen Purging System market, Nitrogen Purging System product introduction, recent developments, etc.
The major vendors covered:
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
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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