Laboratory Gas Generators Market Size, Share, Growth Analysis, By Type(Nitrogen Generators, Hydrogen Generators, Oxygen Generators and Zero Air Generators), By Application(Pharmaceutical and Biotechnology, Chemical and Petrochemical, Food and Beverage, Environmental and Academic and Research Institutes), By Region - Industry Forecast 2024-2031

Laboratory Gas Generators Market size was valued at USD 0.35 billion in 2021 and is poised to grow from USD 0.4 billion in 2022 to USD 1.16 billion by 2030, growing at a CAGR of 14.2% in the forecast period (2023-2030).

The global laboratory gas generators market has been experiencing significant growth in recent years. One of the primary drivers of the global market is the increasing demand for cost-effective and efficient gas supply solutions in laboratories. Traditional methods of gas supply, such as gas cylinders and dewars, are not only expensive but also prone to issues like gas contamination and supply interruptions. Laboratory gas generators offer a reliable on-site gas generation solution, eliminating the need for expensive gas cylinders and ensuring a constant supply of high-purity gases. Another significant factor contributing to the market growth is the growing emphasis on laboratory safety and compliance. Laboratory gas generators enable laboratories to maintain a safe working environment by eliminating the risks associated with storing and handling large gas cylinders. Moreover, they provide a continuous supply of gases without the need for manual replacement or transport, minimizing the potential hazards associated with gas handling. The market can be segmented based on the type of gas generated, including nitrogen gas generators, hydrogen gas generators, oxygen gas generators, and others. Nitrogen gas generators are the most widely used, as nitrogen is a commonly required gas in various laboratory applications, such as sample preparation, chromatography, and mass spectrometry. Hydrogen gas generators are also gaining traction due to their applications in gas chromatography, fuel gas supply, and as a carrier gas.

US Laboratory Gas Generators Market is poised to grow at a sustainable CAGR for the next forecast year.