Charging Nitrogen Gas Systems: Introduction
- Charging nitrogen gas systems is the most effective means of filling hydraulic accumulators since the nitrogen charging system can be powered directly from the nitrogen bottle supply. It does not require additional energy, and may also be mobile.
Key Drivers of the Global Charging Nitrogen Gas Systems Market
- The topping up of gas pre-charge pressure in the diaphragm, piston accumulators, and bladders in charging nitrogen gas systems is quick and cost-effective. Nitrogen is the cheapest and most readily available gas in the market when compared to other gases such as hydrogen, oxygen, and other inert gases, making charging nitrogen gas systems beneficial for charging accumulations with nitrogen gas and thus acting as one of the major factors fueling the charging nitrogen gas systems market growth.
Demand in Power Generation to Create New Market Opportunities
- Demand for charging nitrogen gas systems in the power generation industry is expected to create new opportunities. Over the past few years, investment in power generation industry has increased heavily, and thus it is projected to create new opportunities in the coming years.
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Inablility to provide adequate nitrogen gas charging pressure restricts market growth
- The brake callipers on the power turbines are actuated using hydraulic accumulators as energy sources. All of the accumulators have a persistent problem in that they do not have adequate nitrogen gas charging pressure at all times. One of the biggest obstacles for charging nitrogen gas systems is the aforementioned factor and is expected to restrict the market growth.
Asia Pacific the Dominant Market for Charging Nitrogen Gas Systems
- North America and Europe account for the largest share of charging nitrogen gas systems sales. However, due to a significant drop in demand, the growth rate is likely to slow down in the near future. Chargers for nitrogen gas systems are in high demand. In Asia Pacific and the Middle East, the market is expected to expand at a higher CAGR in the coming years.
- North America is one of the key healthcare markets globally. Rising demand for charging nitrogen gas systems in the healthcare market is projected to have a significant impact in the coming years.
Key Players Operating in the Global Charging Nitrogen Gas Systems Market
The global charging nitrogen gas systems market is fragmented in nature. Large number of small and medium size companies are present in developing countries including China, India, Brazil, and South Africa. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the key players operating in the global charging nitrogen gas systems market are listed below:
- Hale Hamilton
- Maximator GmbH
- Hydrotechnik UK Ltd
- Hydraulics International, Inc
- Accudyne Industries
- Semmco Limited
Global Charging Nitrogen Gas Systems Market: Research Scope
Global Charging Nitrogen Gas Systems Market, by Application
- Aerospace & Defense
- Power Generation
Global Charging Nitrogen Gas Systems Market, by Price
Global Charging Nitrogen Gas Systems Market, by Distribution Channel
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