The Laboratory Gas Generators Market was valued at USD 239.9 million in 2018 and is anticipated to reach USD 596.3 million in 2026 with a CAGR of 11.9%. The Laboratory gas generators are a better alternative to conventional cylinders. Being a more useful source of gas from a cost perspective, these generators are safe, better in terms of design and infrastructure, takes up minimum space, and no labor required to move bulky cylinders around the laboratory. There is no requirement of switching mechanisms or long runs of tubing to or through exterior walls. The gas generators are more appropriate and reliable. The Hydrogen Gas Generators (Parker PEM and ChromGas Hydrogen Generators) use a Proton Exchange Membrane to produce fuel-grade hydrogen. The Nitrox UHP Hydrogen Generator uses an ion-exchange membrane to produce ultra-high pure hydrogen from laboratory-grade deionized water. The Nitrogen Gas Generator employs pressure swing technology, which yields a continuous supply of nitrogen. Most of the products include an integral oil-free air compressor, which delivers filtered compressed air (101 psi / 7 bar) to a bed of carbon molecular sieve, which removes oxygen, water vapor, carbon dioxide, and hydrocarbons. The OXYMAT on-site Nitrogen systems use to increase the shelf life, preservation of freshness, taste, and texture, delay the rancidity, and bring improvement in product quality.
The advent of Life Sciences and Biotechnology in the healthcare facilities and infrastructure, importance of analytical techniques in food and drug approval, increased expenses by research and development team in target industries, safety issues regarding the use of Conventional Cylinders, and rise in call for hydrogen being an alternative to helium are the drivers responsible for the growth in the market.
Top Companies Profiled in the Report Include:
Parker Hannifin Corporation (US)
Peak Scientific Instruments Ltd. (UK)
Praxair Technology, Inc. (UK)
VICI DBS (US)
LNI Swissgas Srl (Switzerland)
LabTech S.r.l. (Italy)
Claind S.r.l. (Italy)
ErreDue s.p.a. (Italy)
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The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.
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The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, R&D activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.
The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Laboratory Gas Generators market in these key regions.
Country-wise regional analysis covers:
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Additionally, the report consists a detailed analysis of the segmentation of the Laboratory Gas Generators market based on product types and end-use/application offered in the Laboratory.
Product Outlook (Revenue in Million USD; 2016–2026)
Application Outlook (Revenue in Million USD; 2016–2026)
End Use Outlook (Revenue in Million USD; 2016–2026)
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