Laboratory Gas Generators Market

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.

Segment Analysis:

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.

Geographical Analysis:

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.