The global laboratory gas generators market is projected to reach USD 686 million by 2026 from USD 353 million in 2021, at a CAGR of 14.2% during the forecast period.
The growth of the laboratory gas generators market is primarily driven by the growing importance of analytical techniques in drug and food approval processes, rising food safety concerns, increasing adoption of laboratory gas generators owing to their various advantages over conventional gas cylinders, growing demand for hydrogen gas as an alternative to helium, and the increasing R&D spending in target industries.
On the other hand, reluctance shown by lab users in terms of replacing conventional gas supply methods with modern laboratory gas generators and the availability of refurbished products are the major factors expected to hamper the growth of this market.
The hydrogen gas generators segment accounted for the highest growth rate in the Laboratory gas generators market, by type, during the forecast period
Based on type, the laboratory gas generators market is segmented into nitrogen gas generators, hydrogen gas generators, zero air generators, purge gas generators, TOC gas generators, and other gas generators. The hydrogen gas generators segment accounted for the highest growth rate in the Laboratory gas generators market in 2020. This can be attributed to the growing preference for hydrogen as a cost-effective alternative to helium, as it offers faster analysis and optimal results.
Gas chromatography segment accounted for the highest CAGR
Based on application, the laboratory gas generators market is segmented into gas chromatography (GC), liquid chromatography-mass spectrometry (LC-MS), gas analyzers, and other applications. In 2020, gas chromatography accounted for accounted for the highest growth rate. The major factors driving the growth of this is the adoption of hydrogen over helium due to the latter's high cost and scarcity in gas chromatography.
Chemical and Petrochemical industry segment accounted for the highest CAGR
Based on end-user, the laboratory gas generators market is segmented into the life science industry, chemical and petrochemical industry, food and beverage industry, and other end-users (environmental companies and research & academic institutes). In 2020, the chemical and petrochemical industry segment accounted for the highest growth rate. This can be attributed to the rising number of new oil & gas fields.
Asia-Pacific: The fastest-growing region in the Laboratory gas generators market
The Laboratory gas generators market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific is projected to register the highest CAGR during the forecast period. Factors such as rising foreign direct investments by North American and European pharmaceutical and biotechnology firms in the Asia-Pacific is expected to drive market in this region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Laboratory Gas Generators Market Overview 4.2 Asia-Pacific: Laboratory Gas Generators Market, by Application & Country (2020) 4.3 Laboratory Gas Generators: Geographic Growth Opportunities
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Market Drivers 18.104.22.168 Increasing R&D Spending in Target Industries 22.214.171.124 Growing Importance of Analytical Techniques in Drug Approval Processes 126.96.36.199 Rising Food Safety Concerns 188.8.131.52 Increasing Adoption of Laboratory Gas Generators Owing to Their Various Advantages Over Conventional Gas Cylinders 184.108.40.206 Growing Demand for Hydrogen Gas as an Alternative to Helium 5.2.2 Market Opportunities 220.127.116.11 Growing Demand for Laboratory Automation 18.104.22.168 Opportunities in the Life Sciences Industry 22.214.171.124.1 Cannabis Testing 126.96.36.199.2 Proteomics 5.2.3 Market Challenges 188.8.131.52 Reluctance to Replace Conventional Gas Supply Methods with Modern Laboratory Gas Generators 184.108.40.206 Availability of Refurbished Products 5.3 COVID-19 Impact on the Laboratory Gas Generators Market 5.4 Regulatory Landscape 5.4.1 North America 5.4.2 Europe 5.4.3 Emerging Markets 5.5 Technology Analysis 5.6 Pricing Analysis 5.6.1 Average Selling Price 5.6.2 Cost Analysis: Conventional Gas Cylinders vs. PeakGas Laboratory Gas Generators in Australia & New Zealand 5.6.3 Cost Analysis: Helium Gas Cylinders vs. PeakGas Hydrogen Gas Generators 5.7 Trade Analysis 5.7.1 Trade Analysis for Laboratory Gas Generators 5.8 Patent Analysis 5.9 Value Chain Analysis 5.10 Supply Chain Analysis 5.11 Ecosystem Analysis of the Laboratory Gas Generators Market 5.11.1 Role in the Ecosystem 5.12 Porter's Five Forces Analysis 5.12.1 Degree of Competition 5.12.2 Bargaining Power of Suppliers 5.12.3 Bargaining Power of Buyers 5.12.4 Threat of Substitutes 5.12.5 Threat of New Entrants 5.13 PESTLE Analysis
6 Laboratory Gas Generators Market, by Type 6.1 Introduction 6.2 Nitrogen Gas Generators 6.2.1 Nitrogen Gas Generators Will Dominate the Market During the Forecast Period 6.3 Hydrogen Gas Generators 6.3.1 Hydrogen Gas Generators Segment to Witness the Highest Growth During the Forecast Period 6.4 Zero Air Generators 6.4.1 Zero Air Generators are Ideal for Gas Chromatography Applications 6.5 Purge Gas Generators 6.5.1 Purge Gas Generators are Engineered Specifically for FT-IR Spectrometers 6.6 TOC Gas Generators 6.6.1 Wide Adoption of TOC Gas Generators in Pharmaceutical and Environmental Industries to Drive Market Growth 6.7 Other Gas Generators
7 Laboratory Gas Generators Market, by Application 7.1 Introduction 7.2 Liquid Chromatography-Mass Spectrometry 7.2.1 Convenience, High Efficacy, and Wide Adoption of LC-MS are Supporting the Growth of this Segment 7.3 Gas Chromatography 7.3.1 GC is the Fastest-Growing Application Segment 7.4 Gas Analyzers 7.4.1 Portability of Gas Analyzers and Ability to Simultaneously Measure Multiple Gases Have Driven Their Use 7.5 Other Applications
8 Laboratory Gas Generators Market, by End-user 8.1 Introduction 8.2 Life Science Industry 8.2.1 Rising Adoption of Laboratory Analytical Instruments for Drug Research is Driving the Growth of this Segment 8.3 Chemical & Petrochemical Industry 8.3.1 Application of Gases in the Analysis of Petroleum Products to Drive the Growth of this End-user Segment 8.4 Food & Beverage Industry 8.4.1 Growing Importance of Food Safety to Drive the Market Growth 8.5 Other End-users
9 Laboratory Gas Generators Market, by Region 9.1 Introduction 9.2 North America 9.3 Europe 9.4 Asia-Pacific 9.5 Rest of the World