Laboratory Gas Generators Market Demand, Size, Share, Scope & Forecast To 2026 – Reports and Data - Digital Journal

2022-03-24 03:44:51 By : Mr. Jalan Zhang

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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.

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The global Laboratory Gas Generators market has significantly grown over the recent past and is expected to register rapid growth over the forecast period of 2021 to 2028. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Laboratory Gas Generators market is significantly driven by factors such as increasing prevalence of chronic diseases, rapid advancements in healthcare and medical sector, high adoption of latest tools and techniques and growing funds by several public and private sectors. In addition, rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.

The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.

Top Companies Profiled in the Report:

Parker Hannifin Corporation (US), Peak Scientific Instruments Ltd. (UK), Praxair Technology, Inc. (UK), Nel (Norway), F-DGSi (France), VICI DBS (US), LNI Swissgas Srl (Switzerland), LabTech S.r.l. (Italy), Claind S.r.l. (Italy), and ErreDue s.p.a. (Italy).

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The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.

Laboratory Gas Generators Market Segmentation:

For the purpose of this report, Reports and Data has segmented the Laboratory Gas Generators market on the basis of Product, Applications, End Use and Region wise segmentation.

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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Regional Outlook of the Global Laboratory Gas Generators Market

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