Laboratory Gas Generators Market Size, Share, Industry Trends and Forecast to 2030

Laboratory Gas Generators Market Size & CAGR in 2021

The global laboratory gas generators market is expected to witness a significant growth rate with a CAGR of 5.2% from 2021 to 2026. In 2021, the market size was estimated to be USD 123.6 million and it is projected to reach USD 169.4 million by 2026. The increasing demand for laboratory gas generators from various end-user industries such as healthcare, research laboratories, pharmaceuticals, and chemical processing facilities is driving the market growth.

COVID-19 Impact on the Laboratory Gas Generators Market

The COVID-19 pandemic had a mixed impact on the laboratory gas generators market. The initial lockdowns and restrictions disrupted the supply chain, leading to delays in manufacturing and distribution. However, the increased focus on research and diagnostic activities related to the virus resulted in a higher demand for laboratory gas generators. The market witnessed a surge in sales as laboratories scrambled to equip themselves with the necessary equipment to conduct testing and research related to COVID-19.

Laboratory Gas Generators Dynamics

The laboratory gas generators market is driven by factors such as the increasing need for reliable gas supply in laboratories, technological advancements in gas generator systems, and the growing demand for environmentally friendly alternatives to traditional gas supply methods. Additionally, the rising investments in research and development activities across various industries are further fueling the market growth.

Segments and Related Analysis

The laboratory gas generators market can be segmented based on the type of gas generated, application, end-user, and region. The key gas types include nitrogen generators, hydrogen generators, zero air generators, and others. Applications of laboratory gas generators include chromatography, spectroscopy, gas storage, and others. The end-user industries for these generators include healthcare, research laboratories, pharmaceuticals, chemical processing facilities, and others.

By Region Analysis

The laboratory gas generators market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America holds the largest market share due to the presence of a well-established healthcare infrastructure, extensive research and development activities, and high adoption rates of advanced technologies. The market in Asia Pacific is expected to witness significant growth during the forecast period, driven by increasing investments in research and development and a growing demand for laboratory gas generators in emerging economies.

Key Market Players and Competitive Landscape

Some of the key players in the laboratory gas generators market include Peak Scientific, Parker Hannifin Corp, Linde, LNI Swissgas, Erredue SpA, Claind, Proton OnSite, VICI AG International, On Site Gas Systems, and APRIL International. These companies are focusing on product innovations, strategic partnerships, and mergers and acquisitions to strengthen their market position and expand their product offerings.

Recent Happenings in the Laboratory Gas Generators Market

In recent developments, Peak Scientific, a leading player in the laboratory gas generators market, announced the launch of a new series of nitrogen generators designed for use in analytical laboratories. The company aims to provide reliable and cost-effective gas supply solutions to meet the growing demand in the market. Additionally, Parker Hannifin Corp introduced a new line of hydrogen generators with advanced safety features and enhanced performance capabilities to cater to the increasing requirements of laboratories worldwide.