A recent report published by Infinium Global Research on laboratory gas generators market provides an in-depth analysis of segments and sub-segments in the global as well as regional laboratory gas generators market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional laboratory gas generators market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global laboratory gas generators market. According to the report, the global laboratory gas generators market is projected to grow at a CAGR of 12.6% over the forecast period of 2019-2025.
Laboratory gas generators provide easy to use on-demand gas solution. It is a cost-effective alternative for pressurized gas cylinders. Laboratory gas generators are better than conventional gas cylinders in terms of safety. Companies operating in global laboratory gas generators market are adopting strategies such as mergers, acquisitions, and new product launches that maximize the market share. The leading players are focusing on research and innovations.
The increasing demand for hydrogen gas as an alternative to helium drives the growth of laboratory gas generators market. The growing adoption of analytical techniques in the drug and food approval process contributes to the growth of the laboratory gas generators market. The rising research and development spending stimulates the growth of laboratory gas generators market. The surge in safety concerns with the use of conventional gas cylinders fuels the growth of laboratory gas generators market. The growth of laboratory automation and several opportunities in the life science industry promotes the growth of laboratory gas generators market. On the other hand, resistance to replacing conventional gas supply methods with laboratory gas generators restraints the growth of laboratory gas generators market. Moreover, research promotes innovations and creates numerous opportunities for the growth of the laboratory gas generators market.
Based on geography, the global laboratory gas generators market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to have a dominant share in the global laboratory gas generators market. The rising research and development expenditure in North America drives the growth of laboratory gas generators market in North America. Europe is expected to be growing with a significant CAGR in the global laboratory gas generators market. Asia-Pacific is anticipated to grow in the global laboratory gas generators market with a healthy CAGR over the forecast period. The rising outsourcing of clinical trials to the Asia-Pacific region stimulates the growth of the laboratory gas generators market.
The report on global laboratory gas generators market covers segments such as type, application, and end-user. On the basis of type, the sub-markets include nitrogen, hydrogen, zero air, and other gas generators. On the basis of application, the sub-markets include gas chromatography, liquid chromatography-mass spectrometry, gas analyzers, and other applications. On the basis of end-user, the sub-markets include pharmaceutical & biotechnology companies, chemical & petrochemical companies, and other end-users.
The report provides profiles of the companies in the market such as Peak Scientific Instruments Ltd., Parker Hannifin Corporation, Praxair Technology, Inc., NEL ASA, LNI Swissgas Srl, LabTech S.R.L., Angstrom Advanced, Inc., PerkinElmer, Inc., Airgas, Inc., Claind S.r.l, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of laboratory gas generators market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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