Laboratory Gas Generators Market Size, Share, Scope, Growth, Trends and Global Forecast to 2026

August, 2021

Laboratory Gas Generators Market by Type, Application, End-user, Region, Region, Trends, Competitive Analysis, and Growth Opportunities, Key Insights.

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Executive Summary

The global laboratory gas generators market size is expected to grow from USD 270.2 million in 2020 to USD 571.4 million by 2026 at a CAGR of 13.3%.

The growth of the laboratory gas generators market is largely due to the growing importance of analytical strategies in drug and food authorization processes, increased food safety concerns, increased acceptance of laboratory gas generators due to its various benefits over conventional gas cylinders, growing demand for hydrogen gas as an alternative to helium. R&D in targeted industries. On the other hand, the doubts expressed by lab users about replacing conventional gas supply systems with modern laboratory gas chemicals and the availability of renewable products are major factors expected to disrupt the growth of this market.

COVID-19 has had a negative impact on the market of laboratory gas generators. This could be due to disruptions in operations and procurement, declining consumer demand, and the global economic downturn.

Laboratory gas generators work to produce pure gas for testing lab and other analytics systems. The most widely used laboratory gas generators and analytical instruments. Companies such as Thermo Fisher Scientific, PerkinElmer, and Agilent Technologies have suffered huge losses in their analytical resources due to the closure of research institutes, academic institutions, and laboratories around the world. A 16% dip in end-users of education was seen by Agilent in the first quarter of 2020. Thermo Fisher Scientific revenue decreased by 16.79% in the first quarter of 2020 (January to March). The impact was due to a sharp blow to the end-user market, particularly in China, followed by other regions.

A study by the Scientific Advisory Board showed that COVID-19 limits the performance of scientific research laboratories worldwide.

With a growing focus on developing and delivering effective solutions, there has been a dramatic increase in all R&D activities in industries such as health sciences, chemicals and fuel, as well as food and beverages. In 2019, members of Pharmaceutical Research and Manufacturers of America (PhRMA) invested USD 83 billion in R&D, establishing the biopharmaceutical industry as the largest R&D industry in the US. Similarly, the new European Commission framework, Horizon 2020, has proposed a budget allocation of USD 110.99 billion (EUR 100 billion) for research activities for the period 2021 to 2027 (Source: European Commission).

The need for cannabis testing to ensure its safety before use has increased in recent years, as medical marijuana is legal in many countries around the world. Medical cannabis has been shown to be effective in a variety of medical applications, such as reducing nausea caused by chemotherapy, arousing appetite in AIDS patients, controlling muscle disorders in many sclerosis patients, and reducing intraocular pressure in patients with glaucoma. Because of their health benefits, governments in various lands have legalized the use of medical marijuana. Australia (2016), Canada (2015), South Korea (2018), Portugal (2001), UK (2006), Germany (2017), Italy (2013), Netherlands (2003), and Brazil ( 2017) all legal use of medical marijuana in recent years.

The availability of renewable gas generators is a major challenge in the growth of this market. KRSS Ltd. (US), SpectraLab Scientific Inc. (Canada), McKinley Scientific (US), and GenTech Scientific LLC (US) are some of the companies that provide renewable gas generators such as hydrogen gas generators, nitrogen gas generators, and zero generators. spiritual. Many end-user users, especially small and medium-sized laboratories, monitor cost efficiency and opt for renewable systems, especially in market-prone markets.

By type, the laboratory gas generators market is divided into nitrogen gas generators, hydrogen gas generators, zero air generators, purge gas generators, TOC gas generators, and other gas generators. The proportion of hydrogen gas generators has the highest growth rate in the Laboratory gas generator market by 2020. This may be due to the growing popularity of hydrogen as an inexpensive alternative to helium, as it provides faster analysis and better results.

By application, the laboratory gas generators market is divided into gas chromatography (GC), liquid chromatography-mass spectrometry (LC-MS), gas analyzers, and other applications. By 2020, gas chromatography segment had the highest growth rate. The main factors contributing to the growth of hydrogen over helium due to the latter’s high cost and lack of gas chromatography.

By end-user, the laboratory gas generators market is divided into the life science industry, chemical and petrochemical industry, food and beverage industry, and other end users (environmental companies and research & academic institutes). The life science industry segment is the largest contributor to the global laboratory gas generators market. The main factors contributing to the growth of this category are the growing need for laboratory analysis tools, the expansion of drug research activities, and the strict regulations pertaining to the drug discovery process.

The laboratory gas generators market is divided into five regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America dominated the global gas generator market. A major North American region’s focus is mainly on high R&D investment in the US and Canada, which has led to high demand for efficient and high-quality equipment.

Some of the major players operating in this market are Parker Hannifin Corporation (US), Peak Gas (UK), Linde plc (Ireland), Nel ASA (Norway), PerkinElmer, Inc. (US), and VICI DBS (US).

Global Laboratory Gas Generators Market Size, 2017-2026 (USD Million)
Global Laboratory Gas Generators Market Size, By Region, 2017-2026 (USD Million)
Global Laboratory Gas Generators Market Revenue Share (%), By Type (2020)
Global Laboratory Gas Generators Market Revenue Share (%), By Application (2020)
Global Laboratory Gas Generators Market Revenue Share (%), By End-user (2020)
Global Laboratory Gas Generators Market Revenue Share (%), By Region (2020)

Market Overview

Definition & Scope

A laboratory gas generator is a system that delivers continuous pure gas directly to a system that requires the use of a specific gas, such as a gas chromatograph, GC-MS, FTIR, ion flow spectrometer, gas analyzer, environmental chamber, or applications that require clean and dry gas.

Currency, Year & Forecasts Overview

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.
For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.
For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD.

Industry Analysis

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Market Analysis

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By Type

Global Laboratory Gas Generators Market Size, By Type, 2017-2026 (USD Million)
Nitrogen Gas Generators Market Size, 2017 vs 2020 vs 2026 (USD Million)
Hydrogen Gas Generators Market Size, 2017 vs 2020 vs 2026 (USD Million)
Zero Air Generators Market Size, 2017 vs 2020 vs 2026 (USD Million)
Purge Gas Generators Market Size, 2017 vs 2020 vs 2026 (USD Million)
TOC Gas Generators Market Size, 2017 vs 2020 vs 2026 (USD Million)
Other Gas Generators Market Size, 2017 vs 2020 vs 2026 (USD Million)

By Application

Global Laboratory Gas Generators Market Size, By Application, 2017-2026 (USD Million)
Liquid Chromatography-Mass Spectrometry Market Size, 2017 vs 2020 vs 2026 (USD Million)
Gas Chromatography Market Size, 2017 vs 2020 vs 2026 (USD Million)
Gas Analyzers Market Size, 2017 vs 2020 vs 2026 (USD Million)
Other Applications Market Size, 2017 vs 2020 vs 2026 (USD Million)

By End-user

Global Laboratory Gas Generators Market Size, By End-user, 2017-2026 (USD Million)
Life Science Industry Market Size, 2017 vs 2020 vs 2026 (USD Million)
Chemical & Petrochemical Industry Market Size, 2017 vs 2020 vs 2026 (USD Million)
Food & Beverage Industry Market Size, 2017 vs 2020 vs 2026 (USD Million)
Other End-users Market Size, 2017 vs 2020 vs 2026 (USD Million)

North America

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Europe

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Asia Pacific

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Middle East & Africa

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Latin America

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Company Analysis

Parker Hannifin Corporation

In 2019, Parker Hannifin Corporation holds the leading position in the gas generator market. The company has installed more than 40,000 units of gas generators worldwide. The company offers a wide range of products in the gas laboratory market. The company's power generators produce the highest levels of gas purity in the industry. PeakGas ranks second in the gas laboratory market in 2019.

Laboratory Gas Generator: High Purity Lab Gas Generators

Competitive Analysis

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Analyst Insights For Success

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Research Methodology

This research study involved the usage of extensive secondary sources, directories, and databases such a Hoovers, Bloomberg Business, Factiva, and Avention, in order to identify and collect information useful for this technical, market-oriented, and commercial study of the global laboratory gas generators market. The primary sources were mainly industry experts from the core and related industries. These include service providers, technology developers, standards and certification organizations, and organizations related to all segments of the value chain.

In-depth interviews were conducted with various primary respondents, which include key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as to assess future prospects.

Various secondary sources were referred to for the identification and collection of information for this study. Secondary sources include annual reports, press releases, and investor presentations of companies, white papers, medical journals, certified publications, articles from recognized authors, gold standard and silver standard websites, directories, and databases.

Secondary research was mainly used to obtain key information about the industry’s supply chain, market’s monetary chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, geographical markets, and key developments from both market-and technology-oriented perspectives.

After the market engineering process (which includes calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation) was completed, extensive primary research was conducted to verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types; industry trends; key players; the competitive landscape of global laboratory gas generators market; and key market dynamics such as drivers, restraints, opportunities, challenges, and key industry trends.

In the complete market engineering process, both top-down and bottom-up approaches were extensively used along with several data triangulation methods to perform market estimation and market forecasting for the overall market segments and sub segments listed in this report.

Appendix

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