Laboratory Gas Generators Market Size Worth USD 686 million by 2026| MarketsandMarkets™
According to the new market research report "Laboratory Gas Generators Market by type (Nitrogen, Hydrogen, Zero Air, Purge Gas, ToC), Application (Gas Chromatography, LC-MS), End user (Life Science Industry, Chemical & Petrochemical Industry, Food & Beverage Industry) - Global Forecast to 2026", published by MarketsandMarkets™, the global Lab Gas Generators Market is projected to reach USD 686 million by 2026 from USD 353 million in 2021, at a CAGR of 14.2% during the forecast period.
Laboratory Gas GeneratorsBrowse in-depth TOC on "Laboratory Gas Generators
Market"
147 – Tables
36 – Figures
189 – Pages
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The growth of the laboratory gas generators industry is
driven by the growing importance of analytical techniques in drug and food
approval processes, rising food safety concerns, increasing adoption of
laboratory gas generators owing to their various advantages over conventional
gas cylinders, growing demand for hydrogen gas as an alternative to helium, and
the increasing R&D spending in target industries.
Nitrogen gas generators accounted for the larger share of
the share of global laboratory gas generators market in 2020
The market has been segmented on the basis of type,
application, end user, and region. Based on type, the market is segmented into
nitrogen gas generators, hydrogen gas generators, zero air generators, purge
gas generators, TOC gas generators, and other gas generators. The nitrogen gas
generators segment accounted for the largest share of global lab gas generators
market. This can be attributed to factors such as cost-efficiency, increased
safety, reduced downtime and supply issues, environmental benefits, and its
wide usage among end users.
By application, the liquid chromatography-mass
spectrometry (LC-MS) segment accounted for the largest market share in 2020
Based on application, the laboratory gas generators market
is segmented into gas chromatography (GC), liquid chromatography-mass
spectrometry (LC-MS), gas analyzers, and other applications. The liquid
chromatography-mass spectrometry (LC-MS) accounted for the largest share of the
global market. The large share of this segment can be attributed to the high
efficiency and the expandable and scalable nitrogen generation capacity of
generators in LC-MS applications.
Life science industry is the largest end-users of the
laboratory gas generators market
Based on end-user, the market is segmented into the life
science industry, chemical and petrochemical industry, food and beverage
industry, and other end users (environmental companies and research &
academic institutes). The life science industry accounted for the largest share
of the global market. The major factors driving the growth of this segment are
the rising demand for laboratory analytical instruments, increase in drug
research activities, and stringent regulations relating to the drug discovery
process.
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North America dominates the global laboratory gas
generators market
The market is divided into five regions, namely, North
America, Europe, Asia Pacific, and Rest of the World. North America dominated
the global lab gas generators market. The large share of the North American region
is mainly attributed to the high investments in R&D in the US and Canada,
which has led to a higher demand for efficient and advanced laboratory
equipment.
The major players in the laboratory gas generators
market are Parker Hannifin Corporation (US), PeakGas (UK), Linde plc (Ireland),
Nel ASA (Norway), PerkinElmer Inc. (US), VICI DBS (US), Angstrom Advanced Inc.
(US), DĂĽrr Group (Germany), ErreDue spa (Italy), F-DGSi (France), LabTech
S.r.l. (Italy), CLAIND S.r.l. (Italy).
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