Market Overview:
The global nitrogen pump market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for nitrogen pumps in various applications, such as land, offshore and others. Additionally, the growing demand for nitrogen pumps from emerging economies is also contributing to the growth of this market. Based on type, triplex pumps are expected to account for a major share of the global nitrogen pump market during the forecast period. This can be attributed to their high efficiency and low maintenance requirements as compared with other types of pumps available in this market.
Product Definition:
A nitrogen pump is a device used to create a vacuum by extracting gas molecules from a sealed container. This device is often used in scientific and laboratory settings to evacuate sample tubes or test tubes prior to analysis or experimentation. The importance of nitrogen pumps lies in the fact that they can create a vacuum without the use of heat, which can damage delicate samples.
Triplex Pump:
Triplex pump is a mechanical device used to move liquid three different ways simultaneously. It consists of impeller, check valve and piping. The triplex pump can be used for both liquids as well as gases. Triplex pumps are widely utilized in the food & beverage industry for various applications such as handling wastewater, milk processing, fruit juice extraction and water treatment among others.
Quintuplex Pump:
Quintuplex pump is a positive displacement nitrogen pump which can produce both, compressed and expanded gas forms. It has two independent outlets from where the gas can be taken out. These are connected by a flexible hose to an air compressor or an oxygen tank for further usage.
It’s working principle is very simple that it uses the pressure difference between two outlets to generate power which drives the movement of fluid throughtout system resulting in pumping action.
Application Insights:
The land application segment led the market and accounted for more than 60% of the global revenue share in 2017. The growing demand for agricultural products, such as sugarcane, corn, soybean and cottonseed across the globe is expected to drive product demand in this segment over the forecast period.
Nitrogen is an essential element required for plant growth. It helps plants develop strong stems and roots to absorb nutrients from soil. Nitrogen-fixing crops such as alfalfa are majorly grown in North America while rice is majorly produced in Asia Pacific region owing to a high level of N fertilizer consumption there.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to witness significant growth over the forecast period. The region has a large number of fertilizer plants, which use nitrogenous compounds as raw material for manufacturing fertilizers. Fertilizer manufacturers are anticipated to increase their demand for nitrogenous compounds owing to increasing demand from end-use industries such as agriculture and chemical processing. This will drive the Asia Pacific market over the forecast period.
The North America region accounted for 20% of global revenue in 2017 on account of high oil & gas production coupled with stringent environmental regulations by U.S., Canada, and Mexico governments regarding emission control standards that affect pump performance characteristics such as flow rate, head pressure, power consumption etcetera (i) affecting product adoption (ii).
Growth Factors:
- Increasing demand for nitrogen in agriculture and food industry
- Growing population and their need for food security
- Rising awareness about the benefits of nitrogen fertilizers among farmers
- Technological advancements in nitrogen pumps that improve their efficiency
- Government initiatives to promote the use of nitrogen fertilizers
Scope Of The Report
Report Attributes
Report Details
Report Title
Nitrogen Pump Market Research Report
By Type
Triplex Pump, Quintuplex Pump
By Application
Land, Offshore, Others
By Companies
NOV, IKM Testing, Excellence Logging, Schlumberger, Halliburton, Smape, Big Red Engineering, HPT, Suretank
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Nitrogen Pump Market Report Segments:
The global Nitrogen Pump market is segmented on the basis of:
Types
Triplex Pump, Quintuplex Pump
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Land, Offshore, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NOV
- IKM Testing
- Excellence Logging
- Schlumberger
- Halliburton
- Smape
- Big Red Engineering
- HPT
- Suretank
Highlights of The Nitrogen Pump Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Triplex Pump
- Quintuplex Pump
- By Application:
- Land
- Offshore
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nitrogen Pump Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A nitrogen pump is a device that uses the pressure of nitrogen gas to move liquid or gas. Nitrogen pumps are used in industrial and commercial applications, such as agriculture, chemical manufacturing, and oil refining.
Some of the major companies in the nitrogen pump market are NOV, IKM Testing, Excellence Logging, Schlumberger, Halliburton, Smape, Big Red Engineering, HPT, Suretank.
The nitrogen pump market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nitrogen Pump Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Nitrogen Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nitrogen Pump Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Nitrogen Pump Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Nitrogen Pump Market Size & Forecast, 2020-2028
4.5.1 Nitrogen Pump Market Size and Y-o-Y Growth
4.5.2 Nitrogen Pump Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Triplex Pump
5.2.2 Quintuplex Pump
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Land
6.2.2 Offshore
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nitrogen Pump Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Nitrogen Pump Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Triplex Pump
9.6.2 Quintuplex Pump
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Land
9.10.2 Offshore
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Triplex Pump
10.6.2 Quintuplex Pump
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Land
10.10.2 Offshore
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Triplex Pump
11.6.2 Quintuplex Pump
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Land
11.10.2 Offshore
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Triplex Pump
12.6.2 Quintuplex Pump
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Land
12.10.2 Offshore
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Triplex Pump
13.6.2 Quintuplex Pump
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Land
13.10.2 Offshore
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Nitrogen Pump Market: Competitive Dashboard
14.2 Global Nitrogen Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NOV
14.3.2 IKM Testing
14.3.3 Excellence Logging
14.3.4 Schlumberger
14.3.5 Halliburton
14.3.6 Smape
14.3.7 Big Red Engineering
14.3.8 HPT
14.3.9 Suretank
