The global demand for Inert Gas Generator System (IGGS) Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
An inert gas generator system (IGGS)is a safety system used in cargo tanks. It produces exhaust gas with an oxygen content of less than 5%, which is fed to the cargo tank of a vessel. The gas is produced by burning heavy fuel oil or marine diesel. It treats harmful exhaust gases containing a high amount of sulfur dioxide and soot and converts that into inert gas. The system basically consists of two units, a burner and a scrubbing tower. The main purpose of Iggs is to prevent the combustion of inflammable hydrocarbon gases and conduct the operation of a ship safely. Inert gas generator system finds usage in almost all vessels that carry chemicals, oil and liquefied natural gas (LNG) and in aircraft.
Market Dynamics
The global inert gas generator systems market is anticipated to exhibit significant growth during the forecast period. The market is primarily driven by a rise in the number of cargo ship fleets due to a surge in trade activities through the sea. The fact that demand for onsite industrial Iggs has surged will favour market growth. In addition, the growing number of military as well as commercial aircraft, particularly in emerging economies, is likely to contribute towards market growth. On the other hand, high maintenance costs, the need for testing and monitoring at regular intervals and high safety standards for Iggs may restrict the growth of the inert gas generator system market during the evaluation period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Inert Gas Generator System (IGGS). The growth and trends of Inert Gas Generator System (IGGS) industry provide a holistic approach to this study.
Market Segmentation
This section of the Inert Gas Generator System (IGGS) market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Marine Iggs Type
- Aviation Iggs Type
- Industrial Iggs Type
By Component
- Aviation Iggs Component
- Marine Iggs Component
- Industrial Igss Component
By Fit
By End User
- Aviation
- Marine
- Industria
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Inert Gas Generator System (IGGS) market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Inert Gas Generator System (IGGS) Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Inert Gas Generator System (IGGS) market include Hannifin (US), Honeywell (US), and Air Liquide (France). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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