A prominent research firm, Cognizance Market Research added a cutting-edge industry report on ” Global Laboratory Gas Generators Market”. The report studies the current as well as past growth trends and opportunities for the market to gain valuable insights during the forecast period from 2023 to 2030.
Global Laboratory Gas Generators Market Analysis
According to cognizance market research, the Global Laboratory Gas Generators Market was valued at US$ 412.9 Million in 2022 and is anticipated to reach US$ 814.1 Million by the end of 2030 with a CAGR of 8.9% from 2023 to 2030.
What are Laboratory Gas Generators?
For equipment like gas chromatography, ion mobility spectrometers, gas analysers, GC-MS, FTIR, environmental chambers or clean, dry gas devices, a laboratory gas generator provides a continuous supply of purified gas. By using laboratory gas generators, the dangers of handling high-pressure cylinders are eliminated. Fully automated laboratory gas generators are common. A spark plug that ignites the fuel, a piston that is pushed down, and a rotating crankshaft make up the basic operating principle. The crankshaft spins the generator’s rotor in an electromagnetic field, producing an electric current.
Compared to bulk gas storage facilities and compressed gas cylinders, laboratory gas generators are seen as being more effective and cost-effective. These gas generators are an efficient and dependable solution. Despite being secure, robust, and able to be used continuously, they are also thought of as a long-term replacement. The pharmaceutical and chemical industries, among others, use laboratory gas generators for a variety of purposes, including chromatography and mass spectroscopy. In addition, these generators have several uses in the industrial, electrical, and electronic industries as well as the food and beverage industry.
Global Laboratory Gas Generators Market Outlook
In the Global Laboratory gas generators report, the market outlook segment mainly includes important dynamics of the market which include drivers, restraints, opportunities and challenges tackled by the industry. Opportunities and challenges are extrinsic factors whereas, drivers and restraints are intrinsic factors of the market.
The desire for on-site gas generation, which has advantages including lower operational costs, increased safety, and convenience, is what primarily fuels the market for laboratory gas generators. Other factors influencing the market include the requirement for a steady supply of gas, the increasing emphasis on environmentally friendly laboratory procedures, and the expanding use of gas chromatography and mass spectrometry in a variety of applications. The market still has to contend with issues like expensive installation and maintenance costs, onerous regulatory restrictions, and the availability of alternative gas supply choices.
Rising gas generator use in emerging economies and the creation of modern gas generators with better features and functionalities are opportunities for market expansion.
The less use of laboratory gas generators in developing countries compared to developed countries and high costs for the premium service capabilities of these generators are restraining the laboratory gas generators market growth.
The Global laboratory gas generators market has been segmented into type, application, end-user and geography.
Based on type, the laboratory gas generators market has been segmented into nitrogen gas generators, hydrogen gas generators, zero-air gas generators, purge gas generators, TOC gas generators, compressed air gas generators and others. The category of hydrogen gas generators has the fastest pace of growth in the market for laboratory gas generators. This is due to the fact that it enables quicker analysis and better discovery as hydrogen becomes a more affordable substitute for helium.
Based on application, the Global market for laboratory gas generators has been further classifies into gas chromatography, flame photometric detectors, flame ionization detectors, liquid chromatography-mass spectrometry, gas analysers and others. Due to its dependability, safety, extended interval, and elimination of dangerous conventional cylinders, gas chromatography is anticipated to have the biggest market share. Since gas chromatography is limited and expensive, the utilisation of helium hydrogen is the driving force behind this advancement.
Based on end-user, the Global laboratory gas generators market has been segmented into life science industry, chemical & petrochemical industry, food & beverage industry and others. The market share of the chemical and petrochemical industry is substantial. This is brought on by the expansion of new oil and gas fields. The greatest and most significant share of the overall market was likewise accounted for by the life science sector. The main factors influencing the growth of this industry are the rising need for laboratory analytical equipment, an increase in drug research activities, and strict legislation governing the process of developing new drugs.
Based on geography the Global laboratory gas generators market has been segmented into five main regions namely, North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
Due to the increase in R&D activity across several pharmaceutical and other companies in the region, North America currently controls the majority of the market. The established infrastructure and growing R&D investment for the pharmaceutical industry are the main drivers propelling the laboratory gas generators market in the North American region.
Various pharmaceutical businesses and governmental agencies in the area have been increasing their R&D expenditures, which is predicted to fuel market expansion throughout the course of the projection year. Therefore, there is a need for additional hydrogen to be available in the area as a result of rising R&D costs in the pharmaceutical business. This is anticipated to increase demand for hydrogen generators, which would propel the market’s overall growth in North America.
There are also 4,944 FDA-Registered Facilities for the development of biologics and 6,799 for the development of human pharmaceuticals, according to data updated by the Food and Drug Administration (FDA) and published in “Fact Sheet: FDA at a Glance” in November 2021. The pharmaceutical and biopharmaceutical business segment is projected to have chances for adopting laboratory gas generators as a result of the large number of drug manufacturing facilities. As a result, it is anticipated to fuel market expansion in the area.
On the other hand, Asia-Pacific is anticipated to experience the highest growth rate over the projection period because of the region’s growing number of clinical trials, more spending on healthcare infrastructure, and rising personal disposable income.
The report offers the revenue of the Global laboratory gas generators market for the period 2020-2030, considering 2020 & 2021 as a historical year, 2022 as the base year and 2023 to 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the laboratory gas generators market for the forecast period. The Global laboratory gas generators market report provides insights and in-depth analysis into developments impacting enterprises and businesses on a regional and global level. The report covers the Global laboratory gas generators market performance in terms of revenue contribution from several segments and comprises a detailed analysis of key drivers, trends, restraints, and opportunities prompting revenue growth of the Global laboratory gas generators market.
The report has been prepared after wide-ranging secondary and primary research. Secondary research included internet sources, numerical data from government organizations, trade associations, and websites. Analysts have also employed an amalgamation of bottom-up and top-down approaches to study numerous phenomena in the laboratory gas generators market. Secondary research involved a detailed analysis of significant players’ product portfolios. Literature reviews, press releases, annual reports, white papers, and relevant documents have been also studied to understand the laboratory gas generators market. Primary research involved a great extent of research efforts, wherein experts carried out interviews telephonic as well as questioner-based with industry experts and opinion-makers.
The report includes an executive summary, along with a growth pattern of different segmented included in the scope of the study. The Y-o-Y analysis with elaborate market insights has been provided in the report to comprehend the Y-o-Y trends in the laboratory gas generators market. Additionally, the report focuses on altering competitive dynamics in the global market. These indices serve as valued tools for present market players as well as for companies interested in participating in the laboratory gas generators market. The subsequent section of the laboratory gas generators report highlights the USPs, which include key industry events (Product launch, research partnership, acquisition, etc.), technology advancements, pipeline analysis, prevalence data, and regulatory scenario.
Global Laboratory Gas Generators Market Competitive Landscape
Some of the prominent players operating in the laboratory gas generators market are as follows-
Key developments in the Global laboratory gas generators market-
The report explores the competitive scenario of the laboratory gas generators market. Major players operating in the laboratory gas generators market have been identified and profiled for unique commercial attributes. Company overview (company description, Type portfolio, geographic presence, employee strength, Key management, etc.), financials, SWOT analysis, recent developments, and key strategies are some of the features of companies profiled in the laboratory gas generators market report.
Global Laboratory Gas Generators Market, by Type
Global Laboratory Gas Generators Market, by Application
Global Laboratory Gas Generators Market, by End-User
Global Laboratory gas generators Market, by Region
The major players operating in the market are Parker Hannifin Corporation, PeakGas, Linde plc , Nel ASA, PerkinElmer Inc., VICI DBS, Angstrom Advanced Inc., Durr Group, ErreDue spa, F-DGSi, LabTech S.r.l. , CLAIND S.r.l. , On Site Gas Systems, Inc., WIRAC Automation Ltd., Isolcell S.p.A., PCI Analytics Private Limited, INMATEC GaseTechnologie GmbH & Co. KG, Oxymat A/S, Nitrogenium Innovations & Filtration India Pvt. Ltd., Analab Scientific Instruments Private Limited, LNI Swissgas Srl, Asynt Ltd., Apex Gasgen, Leman Instruments, and Laboratory Gas Africa.
The market’s top regions are North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa, with North America holding the largest market share.
The sector is primarily driven by factors such as rising disposable incomes, expanding populations, quickly evolving technology, rising efficiency and safety demands, and the product’s affordable and compact form.
Rising R&D spending for target industries is anticipated to be a major trend driving the industry’s expansion.
Chemical and petrochemical, life science, food and beverage, and other industries are some of the key end-users of the product on the market.
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