Laboratory Gas Generator Market is On Rise Due To the Increasing Demand from the Chemical and Pharmaceutical Industry

 

Laboratory Gas Generator Market

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.


Location: India

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