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Laboratory Gas Generators are the combination of equipment, which is used to help supply adequate amount purified gas to equipment, which needs it for its functioning. This system provides the flow of the particular gas as required for the process to be carried out such as GC-MS, FTIR, gas chromatograph, gas analyzer, and environment chamber. The other application also involves the need for clean and dry gas, can also be supplied using laboratory gas generators. This allows in reducing the safety hazard, which otherwise may have risen in the use of high-pressure gas cylinders. The laboratory gas generator can be used for the gases such as, hydrogen, nitrogen, compressed gas, calibration gas, purge gas, zero hydrogen and zero nitrogen.
COVID-19 scenario analysis:
The outbreak of the current pandemic led to the increase in need for R&D of the drugs, which in turn brings the company to adapt easier and simpler methods for the analysis and approval of the chemical components having medicinal applications. The demand in the research has led to the growth in the laboratory gas generators in the current scenario. The developed drugs need appropriate analytical techniques and quicker response time so that the pandemic is brought under control. The laboratory gas generators are safer to use and are having improved response time which is the need of the hour and hence is demanded across the globe, which would help the market grow in the near future. This industry is demanded across the pharmaceutical companies for the analysis to be carried out and is growing in the current situation, and would be gaining higher revenues during the pandemic.
The major factor anticipated to propel the growth of the industry includes the rise in the demand for automation in the laboratory equipment. The surge in demand for hydrogen gas as alternative to helium is anticipated to help the market in the next few years. Furthermore, the major concern of the population being food and drug analytics, the growth in the industry is expected to rise at a higher pace. There is a steep increase in the investment on the R&D of the technologies which can be used in various industries for analytical purposes, which is anticipated to boost the industry in the coming years. Additionally, there is a growth in the concerns for safe use of the gas generators and hence the replacement of conventional gas cylinders is expected to help the market grow. However, the lack of trained professionals and hesitancy to shift from the conventional methods may hinder the growth in the industry in the forecast period.
The global laboratory gas generators market trends are as follows:
The key market players are bringing up advancements in the product according to the need which would boost the market in the coming years. The new products are designed in such a way that it can replace the conventional gas cylinders and promote safer use. For instance, in June 2018, Peak Scientific launched more compact and less noisy range of gas generators. The product is called as Multi Stage Purification and has introduced additional benefits, which include hydrocarbon removal technology, is able to produce nitrogen having a purity range of 99.5%, and has capability to be in an ECO mode which helps save power consumption.
The market leaders are focusing on the investments on the R&D of the equipment which are used mainly for the analysis of the food and drugs. The rise in the concern for these sectors is anticipated to boost the market in the coming years. Furthermore, the broadening of the applications of the laboratory generators to other sectors is also expected to grab the attention of key market players to widen the arena for R&D in the apparatus in the near future.
Manufacturers are now focusing on bringing up innovations in their products based on the utilization. Â Furthermore, there is an increase in demand for the production of drugs, due to the rise in incidences of the diseases. The drugs after production needs analysis to be carried out and hence the demand for the laboratory gas generators are anticipated to boost in the coming years. The gas chromatography an effective technique is used for the differentiation in the samples of the drugs, and is used in identifying the components in a particular sample. As there is a steep surge in the demand for R&D of the drugs, the laboratory gas generators market is anticipated to flourish during the forecast period.
Furthermore, the rise in need for the automation of the laboratories for safer use of the analytical techniques is also expected to propel the market. The drug research activities are increasing at a higher pace, posing the laboratory gas generators market to surge in the near future. The conventional gas cylinders are used to cause safety hazards and hence, in a pharmaceutical industry the advancement of the gas generators were the need of the hour, which would help the industry grow in the forecast period.
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