Global Laboratory Gas Generators Market Analysis to 2029
DUBLIN–(BUSINESS WIRE)–The “Laboratory Gas Generators Market Analysis by Type, by Application by End user, and by Region – Global Forecast to 2029” report has been added to ResearchAndMarkets.com’s offering.
The laboratory gas generators market size is estimated to be USD 467 million in 2021 and is expected to witness a CAGR of 16.24% during the forecast period 2022-2029.
The increased significance of analytical techniques in drug and food approval processes, higher food safety concerns, widespread application of laboratory gas generators, and increasing R&D spending in target industries factors contributing to the market growth. However, lab customers’ resistance to replace traditional gas supply methods with modern laboratory gas generators is expected to hinder the growth.
By Type
Based on type, the market is segregated into hydrogen gas generators, nitrogen gas generators, TOC gas generators, purge gas generators, zero air generators, and other gas generators. In 2021, the hydrogen gas generators segment accounted for the highest revenue share owing to the rising preference for hydrogen as a less expensive option than helium since it provides quicker analysis and the better findings.
By Application
On the basis of application, the market is categorized into gas analyzers, gas chromatography, liquid chromatography-mass spectrometry, and other applications. In 2021, the gas chromatography segment accounted for the highest revenue share owing to the increasing adoption of hydrogen over helium due to the latter’s high cost and scarcity in gas chromatography.
By End user
Based on end user, the market is segregated into food & beverage industry, life science industry, chemical & petrochemical industry, and other end users. In 2021, the life science industry segment accounted for the highest revenue share owing to the increased need for laboratory analytical equipment, the expansion of drug research, and the strict rules governing the drug development process.
Regional Markets
In 2021, North America region accounted for the highest revenue in the laboratory gas generators market and is expected to maintain its dominance during the forecast period. This is attributed to the S and Canada’s high R&D investments, which has resulted in a larger demand for efficient and modern laboratory equipment.
Competitor Insights
Some of the key players operating 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), Durr Group (Germany), ErreDue spa (Italy), F-DGSi (France), LabTech S.r.l. (Italy), CLAIND S.r.l. (Italy), On Site Gas Systems, Inc. (US), WIRAC Automation Ltd. (UK), Isolcell S.p.A.(Italy), PCI Analytics Private Limited (India), INMATEC GaseTechnologie GmbH & Co. KG (Germany), Oxymat A/S (Denmark), Nitrogenium Innovations & Filteration India Pvt. Ltd. (India), Analab Scientific Instruments Private Limited (India), LNI Swissgas Srl (Italy), Asynt Ltd. (UK), Apex Gasgen (Scotland), Leman Instruments (France), and Laboratory Gas Africa (South Africa).
For more information about this report visit https://www.researchandmarkets.com/r/ksj3fs
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