Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 504.89 million | USD 809.13 million | 5.38% | 2023 |
The global Laboratory gas generators market size accrued earnings worth approximately USD 504.89 Million in 2023 and is predicted to gain revenue of about USD 809.13 Million by 2032, is set to record a CAGR of nearly 5.38% over the period from 2024 to 2032.
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Laboratory gas generators are kinds of equipment that are utilized in supplying an adequate amount of purified gas for the working of applications that require purified gases for its functioning. The laboratory gas generator set up also streamline the flow of specific gas required by the components like gas chromatography, environment chamber, gas analyzer, GC-MS, and FTIR for carrying out the various processes. Several other applications that utilize clean and dry gases are also supplied with the help of laboratory gas generators. These generators reduce the safety hazards that are caused due to the high-pressure cylinders.
One of the major factors driving the growth of the global laboratory gas generators market is the vigorously growing demand from automation sectors. The growing transformation in the utilization of hydrogen gas in place of helium is likely to significantly propel the growth of the global laboratory gas generators market during the forecast period. Moreover, the growing research and development activities to innovate distinct products that can replace the conventional gas cylinders are positively shaping the trajectory of the global laboratory gas generators market during the forecast period. Also, the broadening applications of laboratory generators in several other sectors are gaining immense popularity as it is safer than traditional methods. Furthermore, there is a significant spike in the demand for the production of drugs owing to the growing incidences of diseases. The post-drug production process requires a laboratory gas generator for analytic procedures. However, such emerging scenarios are bolstering the growth of the global laboratory gas generators market.
Report Attributes | Report Details |
---|---|
Report Name | Laboratory Gas Generators Market |
Market Size in 2023 | USD 504.89 Million |
Market Forecast in 2032 | USD 809.13 Million |
Growth Rate | CAGR of 5.38% |
Number of Pages | 204 |
Key Companies Covered | Laboratory Gas Africa, Leman Instruments, PerkinElmer Inc., Apex Gasgen, Asynt Ltd., LNI Swissgas Srl, Nel ASA, Analab Scientific Instruments Private Limited, Angstrom Advanced Inc., Nitrogenium Innovations & Filtration India Pvt. Ltd., Oxymat A/S, INMATEC GaseTechnologie GmbH & Co. KG, PCI Analytics Private Limited, Isolcell S.p.A., WIRAC Automation Ltd., On Site Gas Systems, Inc., CLAIND S.r.l., LabTech S.r.l., F-DGSi, ErreDue spa, Dürr Group, VICI DBS, Linde plc, PeakGas, and Parker Hannifin Corporation. |
Segments Covered | By Product Type, By Application, By Sales Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global laboratory gas generators market can be segmented into end-user, application, type, and region.
By end-user, the market can be segmented into food & beverage, chemical & petrochemical, life sciences, and others. The life sciences segment accounts for the largest share in the global laboratory gas generators market due to the growing demand for analytical instruments. Moreover, the growing drug research activities coupled with stringent rules associated with the drug discovery process are further propelling the growth of the segment.
By application, the market can be segmented into liquid chromatography-mass spectrometry, gas analyzers, gas chromatography, and other applications. The gas chromatography segment holds the largest share in the global laboratory gas generators market due to the high adoption rate of hydrogen gas over helium because of the replenishing sources of helium coupled with high processing costs.
By type, the market can be segmented into purge, zero, hydrogen, nitrogen, and TOC gas generators. The hydrogen gas segment dominates the global laboratory gas generators market due to the various benefits associated with it like low cost, fast analysis, and better results.
North America accounts for the largest share in the global laboratory gas generators market due to the growing investments from prominent market players in the region. Also, the presence of prominent pharmaceutical and biopharmaceutical companies in the region further boosts the growth of the regional market.
Asia Pacific is expected to witness huge growth during the forecast period due to the growing initiatives from the government to strengthen the healthcare infrastructure in the region. Moreover, increasing research and development activities to launch new products in the market with the advanced features will further propel the growth of the regional market during the forecast period.
Some of the significant players in the global laboratory gas generators market are
By Product Type
By Application
By Sales Channel
By Region
FrequentlyAsked Questions
One of the major factors driving the growth of the global laboratory gas generators market is the vigorously growing demand from automation sectors. The growing transformation in the utilization of hydrogen gas in place of helium is likely to significantly propel the growth of the global laboratory gas generators market during the forecast period.
Some of the significant players in the global laboratory gas generators market are Laboratory Gas Africa, Leman Instruments, PerkinElmer Inc., Apex Gasgen, Asynt Ltd., LNI Swissgas Srl, Nel ASA, Analab Scientific Instruments Private Limited, Angstrom Advanced Inc., and Nitrogenium Innovations & Filtration India Pvt. Ltd.
North America accounts for the largest share in the global laboratory gas generators market due to the growing investments from prominent market players in the region. Also, the presence of prominent pharmaceutical and biopharmaceutical companies in the region further boosts the growth of the regional market.
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