Laboratory Gas Generator Market is On Rise Due To the Increasing Demand from the Chemical and Pharmaceutical Industry
A laboratory gas generator delivers a continuous supply of
purified gas directly to a system that requires the use of a particular gas. Laboratory
gas generators are widely used in various end-use industries such as chemical,
pharmaceutical, etc. for different applications such as mass spectroscopy and chromatography
to identify different substances. Lab gas generators can generate many different
gases, such as purge gas, zero hydrogen, zero nitrogen, zero air, compressed
air, calibration gas, hydrogen, and nitrogen. The laboratory gas generator
market is witnessing a significant growth due to increasing utilization across
various industry verticals.
Factors such as the lab automation, stringent regulations
regarding drug discovery, rising drug research activities, and growing demand
for lab-based analytical instruments are contributing to the market growth.
Moreover, growth of the laboratory
gas generator market is mainly driven by the growing demand for
hydrogen as an alternative to helium, rising safety concerns related to the use
of conventional gas cylinders, increasing research and development spending in
target industries, and importance of analytical methods in food and drug
approval processes.
Market players are focused on launching new and innovative products
in the market to meet increasing demand, or focused on adopting various
inorganic strategies, such as merger and acquisition, partnership and
collaboration, etc., to strengthen their market position. For instance, in
August 2020, Peak Scientific introduced its latest nitrogen gas generator
innovations with the launch of a new suite of products engineered to support
SCIEX’s newly released mass spectrometry platforms. Peak Scientific also
launched the NEW Genius2 range consists of three cutting edge nitrogen gas
generators, such as the 3010, 3020, and 3030.
Moreover, in June 2018, Peak Scientific launched an
exceptional gas generator designed specifically to provide on-demand gas for
high performance analytical applications, such as triple-quadrupole LC-MS,
GENIUS XE offers variable flow of analytical grade nitrogen gas of up to 70
liters per minute, and at purities up to 99.5%. Thus, such innovations by
market players are expected to boost the laboratory gas generator market growth.
However, the reluctance to replace traditional gas generator systems with
modern laboratory gas generators is a major factor restraining growth of the laboratory
gas generator market.
Another major factor that may inhibit the growth of
laboratory gas generator market is the high cost associated with laboratory gas
generators due to their premium service capabilities. Cost of the high flow
nitrogen gas generator ranges between US$ 5,000 to US$10,000, while cost of the
mild flow nitrogen gas generator ranges between US$ 10,000 to US$ 30,000.
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