Global Laboratory Gas Generators Industry

Global Laboratory Gas Generators Industry

  • April 2021 •
  • 280 pages •
  • Report ID: 6032019 •
  • Format: PDF
Abstract:
- Global Laboratory Gas Generators Market to Reach $649.3 Million by 2027
- Amid the COVID-19 crisis, the global market for Laboratory Gas Generators estimated at US$306.2 Million in the year 2020, is projected to reach a revised size of US$649.3 Million by 2027, growing at a CAGR of 11.3% over the analysis period 2020-2027. Nitrogen, one of the segments analyzed in the report, is projected to record a 10.5% CAGR and reach US$217 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hydrogen segment is readjusted to a revised 12.4% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $82.7 Million, While China is Forecast to Grow at 14.9% CAGR
- The Laboratory Gas Generators market in the U.S. is estimated at US$82.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$139.1 Million by the year 2027 trailing a CAGR of 14.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 9.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.9% CAGR.
- Zero Air Segment to Record 11.7% CAGR
- In the global Zero Air segment, USA, Canada, Japan, China and Europe will drive the 11% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$43.7 Million in the year 2020 will reach a projected size of US$90.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$95.2 Million by the year 2027, while Latin America will expand at a 13.3% CAGR through the analysis period.

- Select Competitors (Total 34 Featured) -
  • Claind S.r.l.
  • ErreDue spa
  • F-Dgsi
  • Labtech S.R.L.
  • LNI Swissgas
  • Nel ASA
  • Parker-Hannifin Corporation
  • Peak Scientific Instruments, Ltd.
  • Praxair Technology, Inc.
  • VICI DBS S.r.l.