Inert Gas Generator System Market Size, Share, Analysis 2030

Segments - Inert Gas Generator System Market by Types (Aviation IGGS, Marine IGGS, and Industrial IGGS), Applications (Marine, Aviation, and Industrial), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Swapnil Hedau

Report Description

The global inert gas generator system (IGGS) market was valued at 2606 Million USD in 2020 and is projected to expand at a CAGR of 3.1% during the forecast period, 2021- 2028. The growth of the market is attributed to increasing military & commercial aircraft procurement by emerging economies.

Inert Gas Generator System Market Key Takeaways

Inert gas generator system is a device that burns fuel to create exhaust gases, which contain less than 5% oxygen. The system consists of a combined burner and scrubber, which are seawater-cooled. Marine diesel or heavy fuel oil is burnt using inert gas generator to produce flue gas with oxygen content of 2-4%.

Market Drivers, Restraints, Trends, and Opportunities

Increasing fleet size of marine cargo ships and rising demand for commercial & military cargo aircraft are expected to spur the market growth.
Growing number of applications of IGGS in industries such as oil & gas, pharmaceuticals, electronics, and food & beverages are anticipated to foster the growth of the market.
Long-term contracts with nitrogen gas suppliers may restrain the growth of the inert gas generator system market.
Rising adoption of IGGS in the industrial sector can create lucrative opportunities for industry players in the market.

Scope of the Report

The report on the global inert gas generator system (IGGS) includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Inert Gas Generator System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Types (Aviation IGGS, Marine IGGS, and Industrial IGGS) and Applications (Marine, Aviation, Industrial)
Regional Scope	North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Honeywell International, Alfa Laval, Air Liquide, Cobham Plc, Eaton Corporation, Coldharbour Marine, On Site Gas Systems, Wartsila, Novair Industries, and Parker Hannifin Corporation

Global Inert Gas Generator System Segment Insights

Aviation IGGS segment to account a large market share
Based on types, the market is segmented into aviation IGGS, marine IGGS, and industrial IGGS. The aviation IGGS segment is anticipated to account for a large market share during the forecast period. It is one of the crucial and mandatory parts of any commercial or military aircraft. Increasing aircraft fleet size is driving the segment growth.

The industrial IGGS segment is speculated to grow at a robust rate in the coming years. IGGS are installed in industries such as oil & gas, food & beverages, chemicals, electronics, and metallurgical. Rapid industrialization, especially in emerging economies, is increasing the demand for industrial-based IGGS.

Inert Gas Generator System Market By Types

Marine segment to account a significant market share
In terms of applications, the market is divided into marine, aviation, industrial. The marine segment is anticipated to account for a significant market share during the forecast period. Ships carrying inflammable cargo such as crude oil, crude products, or flammable chemicals are required to have IGGS systems installed as per the SOLEX Convention.

Inert Gas Generator System Market By Applications

Asia Pacific to account a large market share
On the basis of regions, the market is categorized as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific accounted for large market share during the forecast period. This is attributed to the rapid industrialization coupled with the increasing procurement of military cargo & commercial aircraft as well as cargo ships. China is one of the leading inert gas generation system market. The is due to the country`s increasing development in the industrial sector and increasing demand for shipping cargo vessels.

The market in North America is expected to grow at a steady rate owing to increasing investment in the military sector, which in turn, is expected to increase the number of marine ships. Moreover, rising dependence of shipping vessels for the transportation of petroleum-based products is driving the growth of the market in the region.

Segments

Segments Covered in the Report
The global inert gas generator system (IGGS) has been segmented on the basis of

Types

Aviation IGGS
Marine IGGS
Industrial IGGS

Applications

Marine
Aviation
Industrial

Regions

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Key players

Honeywell International
Alfa Laval
Air Liquide
Cobham Plc,
Eaton Corporation
Coldharbour Marine
On Site Gas Systems
Wartsila
Novair Industries
Parker Hannifin Corporation

Competitive Landscape

Some of the leading manufacturers in the global inert gas generator system are Honeywell International, Alfa Laval, Air Liquide, Cobham Plc, Eaton Corporation, Coldharbour Marine, On Site Gas Systems, Wartsila, Novair Industries, and Parker Hannifin Corporation.

These manufacturers are mostly focused on providing easy installable IGGS systems with high purity N2 generation to expand their market share.

Inert Gas Generator System Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Inert Gas Generator System Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Inert Gas Generator System Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Inert Gas Generator System Market - Supply Chain
  4.5. Global Inert Gas Generator System Market Forecast
     4.5.1. Inert Gas Generator System Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Inert Gas Generator System Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Inert Gas Generator System Market Absolute $ Opportunity
5. Global Inert Gas Generator System Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Inert Gas Generator System Market Size and Volume Forecast by Types
     5.3.1. Aviation IGGS
     5.3.2. Marine IGGS
     5.3.3. Industrial IGGS
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Inert Gas Generator System Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Inert Gas Generator System Market Size and Volume Forecast by Applications
     6.3.1. Marine
     6.3.2. Aviation
     6.3.3. Industrial
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Inert Gas Generator System Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Inert Gas Generator System Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Inert Gas Generator System Demand Share Forecast, 2019-2026
8. North America Inert Gas Generator System Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Inert Gas Generator System Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Inert Gas Generator System Market Size and Volume Forecast by Types
     8.4.1. Aviation IGGS
     8.4.2. Marine IGGS
     8.4.3. Industrial IGGS
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Inert Gas Generator System Market Size and Volume Forecast by Applications
     8.7.1. Marine
     8.7.2. Aviation
     8.7.3. Industrial
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Inert Gas Generator System Demand Share Forecast, 2019-2026
9. Latin America Inert Gas Generator System Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Inert Gas Generator System Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Inert Gas Generator System Market Size and Volume Forecast by Types
     9.4.1. Aviation IGGS
     9.4.2. Marine IGGS
     9.4.3. Industrial IGGS
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Inert Gas Generator System Market Size and Volume Forecast by Applications
     9.7.1. Marine
     9.7.2. Aviation
     9.7.3. Industrial
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Inert Gas Generator System Demand Share Forecast, 2019-2026
10. Europe Inert Gas Generator System Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Inert Gas Generator System Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Inert Gas Generator System Market Size and Volume Forecast by Types
     10.4.1. Aviation IGGS
     10.4.2. Marine IGGS
     10.4.3. Industrial IGGS
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Inert Gas Generator System Market Size and Volume Forecast by Applications
     10.7.1. Marine
     10.7.2. Aviation
     10.7.3. Industrial
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Inert Gas Generator System Demand Share Forecast, 2019-2026
11. Asia Pacific Inert Gas Generator System Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Inert Gas Generator System Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Inert Gas Generator System Market Size and Volume Forecast by Types
     11.4.1. Aviation IGGS
     11.4.2. Marine IGGS
     11.4.3. Industrial IGGS
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Inert Gas Generator System Market Size and Volume Forecast by Applications
     11.7.1. Marine
     11.7.2. Aviation
     11.7.3. Industrial
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Inert Gas Generator System Demand Share Forecast, 2019-2026
12. Middle East & Africa Inert Gas Generator System Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Inert Gas Generator System Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Inert Gas Generator System Market Size and Volume Forecast by Types
     12.4.1. Aviation IGGS
     12.4.2. Marine IGGS
     12.4.3. Industrial IGGS
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Inert Gas Generator System Market Size and Volume Forecast by Applications
     12.7.1. Marine
     12.7.2. Aviation
     12.7.3. Industrial
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Inert Gas Generator System Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Inert Gas Generator System Market: Market Share Analysis
  13.2. Inert Gas Generator System Distributors and Customers
  13.3. Inert Gas Generator System Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Honeywell International
     13.4.2. Alfa Laval
     13.4.3. Air Liquide
     13.4.4. Cobham Plc,
     13.4.5. Eaton Corporation
     13.4.6. Coldharbour Marine
     13.4.7. On Site Gas Systems
     13.4.8. Wartsila
     13.4.9. Novair Industries
     13.4.10. Parker Hannifin Corporation