Expert Market Research’s new report titled “Global Laboratory Gas Generators Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026”, gives an in-depth analysis of the global Laboratory Gas Generators Market , assessing the market based on its segments such as product type, application, end-use and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026):-
• Forecast CAGR (2021-2026): 13%
The rapid expansion of technology, the growing need for efficiency and safety, and the need for expandable and scalable gas generating capacity generators are driving the global laboratory gas generator industry. Their appeal to consumers has also increased due to their economical and compact design. During the projected period, the gas chromatography segment is expected to grow at the fastest rate. The global laboratory gas generator market was dominated by pharmaceutical and biotechnology companies. The development of the life science sector and the growing need for laboratory automation is expected to drive the market growth, but a reluctance to replace existing gas generation systems with laboratory gas generators will be a major impediment to progress. industry over the projected period.
Industry definition and major segments
A laboratory gas generator is a device that provides a steady stream of purified gas to a device that needs it, such as a gas chromatograph, GC-MS, FTIR, ion mobility spectrometer, analyzer gas chamber, climatic chamber or clean, dry gas appliances. .
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The industry can be broadly categorized based on its product types into:
• Hydrogen gas generators
• Nitrogen gas generators
• Gaseous oxygen generators
• Airless gas generators
• Purge gas generators
The industry can be divided according to its applications as follows:
• Gas chromatography
• Liquid chromatography-mass spectrometry (LC-MS)
• Gas analyzers
The industry can be segmented on the basis of its end uses as follows:
• Chemical/petrochemical companies
• Pharmaceutical and biotechnology companies
• Environmental companies
• Food and beverage companies
Based on Region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Rising popularity of analytical techniques in food and drug approval processes, rising food safety concerns, growing adoption of laboratory gas generators due to their various advantages over conventional gas cylinders , growing demand for hydrogen gas as an alternative to helium, and increasing R&D expenditure in the laboratory gas generator market are all driving the market forward. On the other hand, the reluctance of laboratory customers to replace traditional gas supply methods with modern laboratory gas generators, as well as the availability of refurbished devices, is expected to limit the market growth. There has been significant growth in total R&D efforts in areas such as life sciences, chemicals and petrochemicals, food and beverages, due to a greater focus on discovery and supply effective solutions. Pharmaceutical Research and Manufacturers of America (PhRMA) members invested $83 billion in research and development in 2019, making the biopharmaceutical sector the most R&D-intensive sector in the United States. Similarly, the European Commission’s new Horizon 2020 framework recommended a budget allocation for research activities of $110.99 billion (€100 billion) over the forecast period. The laboratory gas generator market is dominated by North America. The large share of the North American region is mainly due to the high R&D expenditures in the United States and Canada, which has led to an increased demand for efficient and modern laboratory equipment.
Main market players
Major market players include Parker Hannifin Corporation, Angstrom Advanced Inc., PerkinElmer, Inc., Peak Scientific Instruments Ltd, Nel ASA (NLLSF), ErreDue spa, Nitrogenium Innovations & Technologies, F-DGSi, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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** At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.