Laboratory Gas Generators Market worth $686 million by 2026

 The Global Laboratory 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. The growth of the laboratory gas generators market is primarily 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. On the other hand, reluctance shown by lab users in terms of replacing conventional gas supply methods with modern laboratory gas generators and the availability of refurbished products are the major factors expected to hamper the growth of this market.

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Global Nitrogen gas generators Market Dynamics

Market Growth Drivers

  • Increasing R&D spending in target industries
  • Growing importance of analytical techniques in drug 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

Market Growth Opportunities

  • Growing demand for laboratory automation
  • Opportunities in the life sciences industry
  • Cannabis testing
  • Proteomics

Market Challenges

  • Reluctance to replace conventional gas supply methods with modern laboratory gas generators
  • Availability of refurbished products

The hydrogen gas generators segment accounted for the highest growth rate in the Labortaory gas generators market, by type, during the forecast period

Based on type, the laboratory gas generators market is segmented into nitrogen gas generators, hydrogen gas generators, zero air generators, purge gas generators, TOC gas generators, and other gas generators. The hydrogen gas generators segment accounted for the highest growth rate in the Labortaory gas generators market in 2020. This can be attributed to the growing preference for hydrogen as a cost-effective alternative to helium, as it offers faster analysis and optimal results.

Gas chromatography segment accounted for the highest CAGR

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. In 2020, gas chromatography accounted for accounted for the highest growth rate. The major factors driving the growth of this is the adoption of hydrogen over helium due to the latter’s high cost and scarcity in gas chromatography.

Life science industry accounted for the largest share of the laboratory gas generators market in 2020

Based on end user, the laboratory gas generators 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 laboratory gas generators 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.

North America accounted for the largest share of the hydrogen gas generators market in 2020

The laboratory gas generators market is divided into five regions, namely, North America, Europe, Asia Pacific, and Rest of the World. North America dominated the global laboratory 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.

Recent Developments:

  • In 2020, PeakGas launched various laboratory gas generators such as Genius XE SCI 2, MS Bench (G) SCI 2, MS Bench SCI 2, and i-Flow O2 oxygen gas generator.
  • In 2019, Laboratory Supplies Ltd. (Ireland), a supplier of scientific, industrial, and laboratory apparatus, joined the distributor network of the Asynt Ltd.

Report Highlights

  • To define, describe, and forecast the laboratory gas generators market by type, application, end user, and region
  • To provide detailed information regarding the factors influencing the market growth (such as drivers, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the laboratory gas generators market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of the market segments in North America, Europe, Asia Pacific, and the Rest of the World (RoW)
  • To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
  • To track and analyze competitive developments, such as product launches, expansions, agreements, and acquisitions in the laboratory gas generators market

Key Players:

Hannifin Corporation (US), PeakGas (UK), Linde plc (Ireland), Nel ASA (Norway), PerkinElmer Inc. (US), VICI DBS (US), Angstrom Advanced Inc. (US), Dürr Group (Germany), ErreDue spa (Italy), F-DGSi (France), LabTech S.r.l. (Italy), CLAIND S.r.l. (Italy).

Frequently Asked Questions (FAQ):

What is the projected market revenue value of the global laboratory gas generators market?

The global laboratory gas generators market boasts a total revenue value of $686 million by 2026.

What is the estimated growth rate (CAGR) of the global laboratory gas generators market?

The global laboratory gas generators market has an estimated compound annual growth rate (CAGR) of 14.2% and a revenue size in the region of $353 million in 2021.

Report Link: ( Laboratory Gas Generators Market )

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