Global Inert Gas Generator System (IGGS) Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. Inert gas generator (IGG) refers to a device on board marine product tankers. Inert gas generators consist of a gas producer and a scrubbing system. The working process of IGGS includes burning of diesel in atmospheric air in a combustion chamber and the exhausted gas produced and collected which contains less than 5 percent oxygen, thereby creating inert gas mainly Nitrogen and partly Carbon dioxide.
Key factors driving the growth of the global inert gas generator system market include compulsory installation of IGGS in cargo ships, growing commercial and military aircraft fleet, and growing application of IGGS in industries like oil & gas, pharmaceuticals, electronics, and food & beverages. On the flip side, present long-term contracts with nitrogen gas suppliers may hamper the growth of the inert gas generator system market. Moreover, growing IGGS adoption in the industrial sector would create new opportunities for players in this market.
The inert gas generator system market has been categorized on the basis of type, component, fit, end user, and geography. Type includes aviation IGGS type, mMarine IGGS type, and industrial IGGS type. By component, market is categorized into Marine IGGS Component, Aviation IGGS Component, and Industrial IGSS Component. Fit includes OEM fit and Retrofit. Further, by end user, the market is bifurcated into Marine, Aviation, and Industrial.
Global inert gas generator system market, on the basis of geography, is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consists of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
Major companies operating in the global Inert gas generator system (IGGS)market areAir Liquide, CobhamPlc, Alfa Laval, Parker Hannifin Corporation, Eaton Corporation, On Site Gas Systems, Wartsila, Novair Industries, Coldharbour Marine, and Honeywell International, among others.
The key takeaways from the report
Scope of the Global Inert Gas Generator System Market
End User Segments