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.

According to this study, over the next five years the Nitrogen Purging System market will register a 3.2% CAGR in terms of revenue, the global market size will reach USD 330 million by 2024, from USD 280 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Nitrogen Purging System business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Nitrogen Purging System market by product type, application, key manufacturers and key regions and countries.

This study considers the Nitrogen Purging System value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Dilution Nitrogen Purging
Displacement Nitrogen Purging
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Oil & Gas
Chemical Industry
Metal Processing
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Nitrogen Purging System consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Nitrogen Purging System market by identifying its various subsegments.
Focuses on the key global Nitrogen Purging System manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Nitrogen Purging System with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Nitrogen Purging System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.