Dublin, Aug. 22, 2023 (GLOBE NEWSWIRE) -- The "Laboratory Gas Generators Market - Global Outlook & Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global laboratory gas generator market is forecast to witness strong growth, with at a CAGR of 7.27% from 2022 to 2028.
The laboratory gas generator market is witnessing significant trends and drivers, including the emerging pharmaceutical industry and the increasing demand for packaged food. As manufacturers focus on innovative product development to meet specific utilization requirements, the demand for laboratory gas generators is expected to rise with the surge in drug product demand, requiring analysis post-production. The technique of gas chromatography, essential for sample differentiation and component identification, will play a vital role in driving the market growth during the forecast period.
Segmentation Insights:
- Nitrogen gas generators dominated the market in 2022, with widespread adoption in various industries such as food, semiconductors, petroleum, chemistry, and research institutes. The growth is driven by increasing analytical techniques' importance in drug and food approval processes, rising concerns about food safety, and enhanced R&D spending in multiple sectors.
- Gas chromatography held the largest market share among applications in 2022. The technique is extensively used to separate, detect, and quantify the components of a sample mixture, making it a crucial tool in various fields, including pharmaceuticals, environmental analysis, and drug development.
- North America is expected to be the dominant region in the global laboratory gas generator market due to its well-established infrastructure and high R&D spending in the pharmaceutical industry. The US, in particular, showcases substantial investment in R&D by pharmaceutical companies, creating a positive impact on the demand for laboratory gas generators.
Competitive Landscape:
The laboratory gas generator market is characterized by major players such as PerkinElmer Inc., Parker Hannifin, Peak Scientific Instruments, and Claind, alongside other domestic and global competitors. The competition is expected to revolve around factors like durability, tool performance, lifespan, price, and customization as international players expand their presence in the industry. The report profiles other players including:
- Linde plc
- Valco Instruments Company, Inc
- ErreDue s.p.a
- F-DGSi
- LabTech
- Atlas Copco
- Gardner Denver
- Sullair, LLC
- LNI Swissgas
- On Site Gas Systems
- Isolcell S.P.A.
- Mvs Engineering PVT. Ltd
- Omega Air
- Compressed Air Systems
- Ingersoll-Rand
- GENERON
- Air & Gas Technologies
- Nel Hydrogen
- MATHESON
- A One Engineering Works
SEGMENTATION INSIGHTS
Segmentation by Product Type
- Nitrogen
- Pharmaceutical & Biotechnology
- Chemical & Petrochemical
- Food & Beverages
- Electronics Manufacturing
- Others
- Hydrogen
- Oil & Gas
- Chemical & Petrochemical
- Pharmaceutical
- Others
- Oxygen
- Hospitals & Clinics
- Chemical & Petrochemical
- Pharmaceutical & Biotechnology
- Food & Beverages
- Others
- Zero Air
- Others
Segmentation by Application
- Gas Chromatography
- Liquid Chromatography
- Gas Analysis
Segmentation by Sales Channel
- Direct Sales
- Indirect Sales
Segmentation by Geography
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- APAC
- China
- Japan
- India
- Australia
- Singapore
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 278 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $415 Million |
| Forecasted Market Value (USD) by 2028 | $632.22 Million |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/4f0jle
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