Press release
Laboratory Gas Generators Market to Expand at CAGR of 11.0% during Forecast Period 2022-2031: Reveals TMR Study
The global ๐ฅ๐๐๐จ๐ซ๐๐ญ๐จ๐ซ๐ฒ ๐ ๐๐ฌ ๐ ๐๐ง๐๐ซ๐๐ญ๐จ๐ซ๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ, valued at US$ 449.3 Mn in 2021, is projected to grow at a CAGR of 11.0% from 2022 to 2031, reaching over US$ 1.27 Bn by 2031. Increasing demand for automation in laboratory equipment is a key driver for this growth. Laboratory gas generators offer advantages over conventional gas cylinders, leading to their increased usage.Factors such as rising food safety concerns, demand for hydrogen gas as a helium substitute, and growth in R&D spending contribute to market expansion. Additionally, developments in life sciences, infrastructure, and healthcare facilities drive market growth. Companies are focusing on acquisitions to expand revenue streams. The shift from conventional gas cylinders to laboratory gas generators, driven by safety concerns, is expected to further boost the market in the coming years.
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A laboratory gas generator supplies purified gas continuously to equipment like gas chromatography, ion mobility spectrometers, and gas analyzers, eliminating the need for high-pressure cylinders. Most are fully automated, utilizing a spark plug, piston, and crankshaft to generate electricity. They're efficient, cost-effective, and safer than compressed gas cylinders. Trusted and easy-to-use, they serve as long-term replacements, suitable for various industries including pharmaceuticals, chemicals, food & beverages, and industrial sectors.
๐๐ง๐๐ซ๐๐๐ฌ๐ ๐ข๐ง ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐๐๐จ๐ซ๐๐ญ๐จ๐ซ๐ฒ ๐๐๐ฌ ๐๐๐ง๐๐ซ๐๐ญ๐จ๐ซ๐ฌ ๐ข๐ง ๐๐๐๐ข๐๐๐ฅ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐ซ๐จ๐ฉ๐๐ฅ๐ฅ๐ข๐ง๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ
In the global laboratory gas generators market, companies are focusing on acquisitions to expand their operations. For instance, Messer Group GmbH formed a joint venture, Messer Industries GmbH, to acquire Linde AG's gases business in North America and certain Linde and Praxair activities in South America. This trend highlights companies' increasing adoption of acquisition and joint venture strategies to bolster their market share in laboratory gas generators.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Parker Hannifin Corp, Angstrom Advanced, Inc., PerkinElemer, Inc., Peak Scientific Instruments Ltd., Nel ASA, Erre Due s.p.a., Nitrogenium, F-DGSi, and Airgas, Inc.ย
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
Product
Hydrogen Gas Generators
Nitrogen Gas Generators
Oxygen Gas Generators
Zero Air Gas Generators
Purge Gas Generators
Others
Application
Gas Chromatography
Liquid Chromatography-Mass Spectrometry (LC-MS)
Gas Analyzers
Spectroscopy
Others
End-user
Chem / Petrochemical Companies
Pharmaceutical & Biotechnology Companies
Environmental Companies
Food & Beverage Companies
Others
๐๐๐ญ ๐๐ก๐ข๐ฌ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ, ๐๐ง๐ฌ๐ญ๐๐ง๐ญ๐ฅ๐ฒ:
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๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
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