The Research Report on “Laboratory Gas Generators Market by type (Nitrogen, Hydrogen, Zero Air, Purge Gas, ToC), Application (Gas Chromatography, LC-MS), End user (Life Science Industry, Chemical & Petrochemical Industry, Food & Beverage Industry) – Global Forecast to 2026″, 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.
Growth Driver: Opportunities in the life sciences industry;
The demand for the analytical testing of cannabis for ensuring its safety before human consumption has increased in recent years, as medical cannabis is being legalized in a number of countries/states across the globe. Medical cannabis has proven effective in various medical applications, such as reducing nausea caused due to chemotherapy, stimulating appetite in AIDS patients, controlling muscular spasms in multiple sclerosis patients, and reducing intraocular pressure in patients with glaucoma. Owing to their health benefits, governments in various countries are legalizing the use of medical cannabis. Australia (2016), Canada (2015), South Korea (2018), Portugal (2001), the UK (2006), Germany (2017), Italy (2013), the Netherlands (2003), and Brazil (2017) have all legalized the use of medical cannabis in recent years.
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=133302129
Industry Segmentation In Detailed:
Nitrogen gas generators accounted for the larger share of the share of global laboratory gas generators market in 2020
Based on type, 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.
The liquid chromatography-mass spectrometry (LC-MS) segment accounted for the largest market share in 2020
Based on application, 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 laboratory gas generators 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.
Request Sample Pages:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=133302129
Leading Key Players and Analysis:
The major players in the laboratory gas generators market are Parker Hannifin Corporation (US), PeakGas (UK), Linde plc (Ireland), Nel ASA (Norway), PerkinElmer Inc. (US), VICI DBS (US), Angstrom Advanced Inc. (US), Dürr Group (Germany), ErreDue spa (Italy), F-DGSi (France), LabTech S.r.l. (Italy), CLAIND S.r.l. (Italy).
PeakGas is one of the prominent players in the laboratory gas generators market. The leading position of the company can be attributed to its strong brand recognition and extensive product portfolio in this market. Peak’s two decades of experience in manufacturing laboratory gas generators gives it a cutting edge over other players operating in this market.
The company majorly focuses on organic growth strategies to maintain its foothold in the market. For instance, the company launched a range of gas generators in 2020, such as Genius XE SCI 2, MS Bench (G) SCI 2, MS Bench SCI 2, and i-Flow O2 oxygen gas generator. In order to increase its geographic presence and meet the growing customer demand, the company expanded its presence in the European and Asian markets.
Geographical Analysis in Detailed:
The laboratory gas generators market is divided into five regions, namely, North America, Europe, Asia Pacific, and Rest of the World. North America dominated the global lab gas generators market. The large share of the North American region is mainly attributed to the high investments in R&D in the US and Canada, which has led to a higher demand for efficient and advanced laboratory equipment.
Speak to Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=133302129
