Global Laboratory Gas Generators Market to Reach $1.4 Billion by 2030
The global market for Laboratory Gas Generators estimated at US$583.1 Million in the year 2023, is expected to reach US$1.4 Billion by 2030, growing at a CAGR of 12.9% over the analysis period 2023-2030. Nitrogen Gas Generators, one of the segments analyzed in the report, is expected to record a 11.8% CAGR and reach US$435.7 Million by the end of the analysis period. Growth in the Hydrogen Gas Generators segment is estimated at 14.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $151.4 Million, While China is Forecast to Grow at 16.8% CAGR
The Laboratory Gas Generators market in the U.S. is estimated at US$151.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$330 Million by the year 2030 trailing a CAGR of 16.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.7% and 10.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$222.6 Million by the year 2030.
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