Transparency Market Research recently published a report on the laboratory gas generators market, which provides readers with a market overview through extensive analysis. The report outlines the key trends and their impact on the business strategies adopted by prominent players in the laboratory gas generators market. Further, it offers actionable insights on the drivers, restraints, new opportunities, and challenges in the laboratory gas generators market for the forecast period of 2019 to 2027.
The information provided in the study on the laboratory gas generators market will help readers identify the key opportunities in regional markets. Moreover, it offers a detailed assessment of the dynamics in the laboratory gas generators market. Insights provided in the laboratory gas generators market report will not only help stakeholders devise robust business strategies but also help them tap into the potential of key revenue pockets.
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Laboratory Gas Generators Market: Innovation-driven Growth
The emergence of the life science industry and increasing healthcare facilities have accelerated the adoption of analytical instruments and methods in research activities. This has strengthened innovations related to laboratory gas generators since compressed gases are an essential part of research experiments.
Safety concerns and the need for on-demand supply are further prompting researchers to move away from traditional tanks and adopt laboratory gas generators. Moreover, the spiraling demand for highly pure gases and soaring costs of cylinder gases are encouraging laboratories to embrace this technology. These strides towards ‘safety coupled with efficiency’ and need for ‘application-specific purity level of gases’ have significantly expanded the confines of the laboratory gas generators market.
Innovation spawned in the landscape of laboratory gas generators such as enhanced compressor designs and electronic controls has opened the doors for a lucrative future. Gauging the potential of future developments and transition, Transparency Market Research (TMR) conducted an incisive analysis on the laboratory gas generators market. In its latest offering, TMR divulges insights on the evolving trends and the impact of the emergence of new technologies on stakeholders.
The pharmaceutical and biotechnology industries, in particular, act as a harbinger for the growth of the laboratory gas generators landscape with the use of gas generators in the prevention of viral contamination in the packaging of drugs. The pharmaceutical & biotechnology companies segment was valued at ~ US$ 200 Mn in 2018, and is anticipated to reach ~ US$ 330 Mn by 2027.
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Regional Segmentation: Global Laboratory Gas Generators Market
- In terms of region, the global laboratory gas generators market has been segmented into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
- The region of North America dominated the global laboratory gas generators market in the year 2018, due to the rise in research and development activities among numerous pharmaceutical and other industries in the region.
- The laboratory gas generators market in Asia Pacific is projected to expand at a high CAGR during the forecast period, due to the presence of developing countries, government funding for research, improving healthcare infrastructure, and increase in presence of major global players in the region.
Major Players: Global Laboratory Gas Generators Market
Some of the key players that are operating in the global laboratory gas generators market include
- Parker Hannifin Corp
- Angstrom Advanced, Inc.
- PerkinElemer, Inc.
- Peak Scientific Instruments Ltd.
- Nel ASA
- Erre Due s.p.a.
- Airgas, Inc.
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