According to the business intelligence report titled ‘Global Laboratory Gas Generators Market by type (Nitrogen, Hydrogen, Zero Air, Purge Gas, ToC), Application (Gas Chromatography, Liquid Chromatography-Mass Spectrometry, Gas Analyzers, Other Applications), End user (Life Science Industry, Chemical & Petrochemical Industry, Food & Beverage Industry) Regional Forecasting 2020-2027’, available with Market Study Report, global laboratory gas generators market was evaluated at USD 270.7 million in 2019 and is speculated to reach USD 783.1 million by 2027, growing at an annual rate of 14.2% between 2020-2027.
 

Higher stability, less space consumption, better structure, and no need for labor to transport heavy cylinders are key benefits driving global laboratory gas generators market growth. Moreover, these gas generators do not need tubing or switching mechanisms which makes them more convenient for use.
 

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Rising importance of analytical techniques in drug approval processes, and growing expenditure on R&D will also aid market proliferation over the analysis period. According to the European Commission’s Horizon 2020 funding program, USD 110.99 billion was allocated for R&D. Likewise, Pharmaceutical Research and Manufacturers of America spent USD 83 billion for R&D activities in 2019.
 

While rising food safety concerns will aid industry growth over the analysis period, reluctance to replace traditional methods with new ones will hamper global laboratory gas generators market expansion.
 

Based on type, worldwide laboratory gas generators industry is bifurcated into nitrogen, hydrogen, purge, TOC, zero air generators, and others. Speaking of application scope, the industry is divided into gas analyzers, gas chromatography, and liquid chromatography-mass spectrometry among others. Moving on to end user gamut, the market space is segregated into life science industry, food & beverage industry, chemical & petrochemical industry, and others.
 

Regionally speaking, North America captured majority of the worldwide laboratory gas generators industry share in the recent past, due to high investments in research & development in Canada and USA which has proliferated the demand for modern and efficient laboratory equipment.
 

Leading companies profiled in the report are Parker-Hannifin Corporation, Linde plc, PerkinElmer Inc., Nel ASA, F-DGSi, VICI DBS S.r.l., ErreDue S.p.A, Peak Gas Generation, and Angstrom Advanced Inc.