DUBLIN, Aug. 5, 2022 /PRNewswire/ — The “India Pressure Swing Adsorption (PSA) Nitrogen Generator Market Outlook (2021-2027): Market Forecast By Industrial and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
India Pressure Swing Adsorption (PSA) Nitrogen Generator Market revenue size is projected to grow at a CAGR of 6.4% during 2021-2027.
Nitrogen generator market witnessed significant growth in 2020 on the back of growth of mining sector such as steel, iron, and cement and growing investment in infrastructure along with favorable national policies by government of India such as Aatmanirbhar Bharat, Skill India, Make in IndiaNational Manufacturing Policy for various industries would be the key market driver for Pressure Swing Adsorption (PSA) Nitrogen generator market of India. In addition to that, rising demand for package food along with rise in demand for pharmaceuticals would encourage the requirement of Pressure Swing Adsorption (PSA) nitrogen generators in coming years.
Furthermore, on account of COVID 19 pandemic in 2020, resulted in turmoil Pressure Swing Adsorption (PSA) nitrogen generator growth due to the disrupted supply chain owing to lockdown measures adopted to curb the spread of the virus, which in turn led to a downfall in revenues during a pandemic.
Although, with the gradual…