Inert Gas Generator System (IGGS) Market – Introduction
Inert gas generator system reduces oil consumption providing cost efficiency, as well as an environmental benefit. Oil tankers carry oil of different quality and grades, having property to produce gases and flammable vapors when loaded for transportation. Vessel transporting cargos that produce hydrocarbon vapors need an inerting systems to eliminate the risk of fire hazard and explosions in the cargo tanks. Thus, inert gas generator system is one of the most vital integrated system for oil tankers for safe operation of the marine cargo ships. Inert gas generator systems consists of a combined scrubber & burner, which are both seawater-cooled. Across the globe, the increasing demand for new defense cargo aircraft and commercial fleet and retrofitting of IGGS on present aircraft are one of the major driving factors for the growth of the global inert gas generator system (IGCS) market in next few years. However, the growth of the inert gas generator system market can also be attributed to factors including the growing fleet size of marine cargo ships. Additionally, the length and size of cargo ship is growing day to day. This is mainly due to the growing trade via different marine routes, which in turn is anticipated to pull the adoption of inert gas generator system (IGGS) for different types of oil vessel transporting cargos. The growth witnessed in the demand for inert gas generator systems in different types of industries including oil & gas, metallurgy, food & beverages and chemical among others is expected to positively influence the demand for inert gas generator system (IGGS) during the forecast period from 2019-2027.
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Inert Gas Generator System (IGGS) Market – Competitive Landscape
- In March 2017, Alfa Laval, a leading provider of Integrated Gas Generator System, announced that they have modified their Automatic Fuel Efficiency Module (AFEM), in order to reduce the fuel consumption of their existing SMIT Combustion inert gas generator systems.
- In March 2019, Kidde Fire Protection, a unit of United Technologies Corporation, a leading designer and manufacturers of advanced fire detection and suppression systems announced that they have the launch of a new Inert Gas System to support different types of industrial application.
Honeywell Corporation
Founded in 1906, Honeywell Corporation is headquartered in Morris Plains, New Jersey, United States. The American multinational conglomerate company is involved in the designing and manufacturing of specialized product for different end use industry such as in aerospace, home and building technologies, performance materials and technologies, and safety and productivity solutions. It has more than 130,000 employees across the globe and the company has dedicated customer operations and service centers around the world.
Parker-Hannifin Corporation
Parker-Hannifin Corporation, Headquartered in Etoy, Switzerland is one of the leading in the designer, manufacturers and suppliers of diversified industrial and aerospace systems across the globe. The company is operating their sales & distribution network across the different part of the globe.
Cobham plc.
Established in 1934, Cobham plc, provides wide range of technologies, solution and services to different types of end use industry which includes commercial, aerospace & defense and security markets worldwide. Moreover, the company has more than 10,000 people across five continents and have customers and partners in over 100 countries across the globe
Eaton Corporation
Founded in 1911, one of the leading manufacturer of engineering solutions for the industrial, automotive, construction, commercial, and aerospace markets. Eaton is dedicated to improving the quality of life and the environment through the use of power management technologies and services. Moreover, it has more than 99,000 employees and presence over 175 countries across the globe.
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Some of the significant players in the inert gas generator system (IGGS) market are Coldharbour Marine, Air Liquide, Onsite Gas Systems, Wartsila, Marine & Industrial Systems Ltd. and Novair among others.
Inert Gas Generator System (IGGS) Market – Dynamics
Rising Awareness and Growing Adoption of Inert Gas Generator Systems in Industrial Application is expected to Fuel the Market Growth
The growing installation of on-site inert gas generator systems (IGGS) for different types of industrial N2 gas requirements, along with retrofitting of industrial IGGS, is motivating the growth of the global inert gas generator systems (IGGS) market in coming years. The increasing concerns related to aircraft inspection attributed to the growth of Inert Gas Generator System (IGGS) market in coming years. Across the globe, Asia Pacific is expected to create good opportunity for the inert gas generator system (IGGS) manufacturers in next few years. This is mainly due to increasing development in industrial sector along with the increasing demand for aircraft and shipping cargo vessels across Asia Pacific, is projected to pull the market demand during the forecast period. Moreover, the growth of the inert gas generator system market can be attributed to the increasing demand for new military cargo aircraft and commercial aircraft as well as retrofitting of inert gas generator system on existing aircraft across the world. On the flip side, requirement for long-term agreements with nitrogen gas suppliers is one of the major factor is likely to hinder the growth of this product market during the forecast period form 2019-2027.
Inert Gas Generator System (IGGS) Market – Segmentation
The Inert Gas Generator System (IGGS) market can be segmented based on:
- Type
- Component
- End use Industry
- Geography
Inert Gas Generator System (IGGS) Market Segmentation – By Type
Based on the type, the Inert Gas Generator System (IGGS) market can be fragmented into:
- Industrial IGGS
- Marine IGGS
- Aviation IGGS
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