Global Nitrogen Purge Systems Market 2017-2021
About Nitrogen Purge Systems
Nitrogen purge systems are mainly used to remove the presence of oxygen, hydrocarbons, and moisture from the inner surface of any equipment, pipeline or storage tank. These systems eliminate the chance of any explosion that may occur when hydrocarbons come in contact with oxygen. Nitrogen purge systems used in oil and gas, pharmaceutical and chemicals, mining, food and beverages, metal, and automotive industries are only considered for revenue calculation.Technavio’s analysts forecast the global nitrogen purge systems market to grow at a CAGR of 8.09% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global nitrogen purge systems market for 2017-2021. To calculate the market size, the report considers new installations, retrofit, replacement, and services, including system integration, engineering, and installation and commissioning.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Nitrogen Purge Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global nitrogen purge systems market: Air Products and Chemicals, AQUILA ENGINEERS, GTS, Liquid Packaging Solutions (LPS), and Pepperl+Fuchs.
Other Prominent Vendors in the market are: Airgas, Epoxy Oilserv, Expo Technologies, Halliburton, IKM Testing UK, Vadilal Chemicals, and Praxair Technology.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising adoption rate of smart systems. With the growing awareness about the explosive incidents in the hazardous industrial environments, the OEMs are adopting new technologies, such as purge systems to increase the efficiency of their operations, reduce their maintenance cost, and commit to environmental and employee safety.”
According to the report, one driver in the market is ensure safety of equipment. The entry of air in any equipment already containing hydrocarbon particles or the entry of hydrocarbon materials in any equipment containing air can result in fire or explosion. This raises the major need for purging any equipment before implementing it in a process. Nitrogen purge systems provided with analog pressure gauges help to maintain the safety of the equipment that needs to be purged. The screen fixed on the system display provides all information related to the flow rate of the liquid, pressure exerted by it, and the status of the systems.
Further, the report states that one challenge in the market is need for clean and moisture-free air. The main function of the nitrogen purge systems is to eliminate the presence of harmful gases and moisture from the inner surface of the equipment thus the gas used by the purge system must be clean and moisture free. Thus, the presence of moisture and other gases would add up to more challenges for the process. Instead of removing the gases, they may end up adding more moisture content and other flammable materials. The gas used in the system must be non-flammable, clean, and should be aligned with a non-hazardous plant area.
Air Products and Chemicals, AQUILA ENGINEERS, GTS, Liquid Packaging Solutions (LPS), Pepperl+Fuchs, Airgas, Epoxy Oilserv, Expo Technologies, Halliburton, IKM Testing UK, Vadilal Chemicals, and Praxair Technology.
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