Laboratory Gas Generators Market Size Worth USD 686 million by 2026| MarketsandMarkets™

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Laboratory Gas Generators Market
MARKET OPPORTUNITY OVER NEXT 5 YEARS
by type
KEY MARKET PLAYERS
CAGR of
2021 2026

• Parker Hannifin Corporation (US)
• PeakGas (UK)
• Linde plc (Ireland)
• Nel ASA (Norway)
• PerkinElmer Inc. (US)
• VICI DBS (US)

CAGR

• Nitrogen
• Hydrogen
• Zero Air
• Purge Gas
• ToC

By Application
North America Europe Asia Pacific Rest of the
World

• Gas Chromatography
• LC-MS
• Gas Analyzers

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The Global Lab 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. Browse in-depth TOC on
"Laboratory Gas Generators Market" 147
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The growth of the laboratory gas generators
industry is 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 RD spending in target
industries. Nitrogen gas generators accounted
for the larger share of the share of global
laboratory gas generators market in 2020 The
market has been segmented on the basis of type,
application, end user, and region. Based on type,
the market is segmented into nitrogen gas
generators, hydrogen gas generators, zero air
generators, purge gas generators, TOC gas
generators, and other gas generators. The
nitrogen gas generators segment accounted for the
largest share of global lab gas generators
market. This can be attributed to factors such as
cost-efficiency, increased safety, reduced
downtime and supply issues, environmental
benefits, and its wide usage among end users.
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By application, the liquid chromatography-mass
spectrometry (LC-MS) segment accounted for the
largest market share in 2020 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. The liquid
chromatography-mass spectrometry (LC-MS)
accounted for the largest share of the global
market. The large share of this segment can be
attributed to the high efficiency and the
expandable and scalable nitrogen generation
capacity of generators in LC-MS
applications. Life science industry is the
largest end-users of the laboratory gas
generators market Based on end-user, the 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). The life science industry accounted
for the largest share of the global market. The
major factors driving the growth of this segment
are the rising demand for laboratory analytical
instruments, increase in drug research
activities, and stringent regulations relating to
the drug discovery process.
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