Global Inert Gas Generator System (Iggs) Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Aviation, Maine, and Industrial.

By Component;

Air Separation Module, Air Compressor, Surge Tank, Filtration Chain, Scrubber, Monitoring Devices, Pumps, and Others.

By End-user;

Aviation, Maine, and Industrial.

By Sales Channel;

OEM and Retrofit.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn533691528 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Inert Gas Generator System (Iggs) Market (USD Million), 2020 - 2030

In the year 2023, the Global Inert Gas Generator System (Iggs) Market was valued at USD 3,710.05 million. The size of this market is expected to increase to USD 11,453.72 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 17.5%.

The Inert Gas Generator System (IGGS) is a crucial component aboard vessels, particularly in maritime and offshore industries. Its primary function is to produce inert gas, typically nitrogen, to maintain a safe and non-flammable atmosphere within cargo tanks and other enclosed spaces. This system plays a critical role in fire prevention and safety during various onboard operations, such as cargo handling, tank cleaning, and maintenance activities.

IGGS is a combustion process that utilizes a fuel source to generate hot gases, which are then cooled and purified to produce inert gas. This combustion process typically involves burning fuel oil or natural gas in a dedicated burner unit. The hot exhaust gases produced during combustion are passed through a series of heat exchangers and scrubbers to remove impurities and reduce the temperature of the gas to a level suitable for inerting purposes.

One of the key applications of the IGGS is in the prevention of explosions and fires in cargo tanks, especially in vessels carrying flammable or volatile cargoes such as crude oil, petroleum products, and chemicals. By displacing oxygen with inert gas, the IGGS reduces the risk of combustion by creating an atmosphere where fires cannot ignite or sustain themselves. Additionally, the use of inert gas during cargo discharge operations helps to minimize the formation of explosive gas mixtures in cargo tanks, enhancing safety for both crew members and the environment.

Beyond its role in fire prevention, the IGGS also contributes to environmental protection by reducing the release of harmful emissions into the atmosphere. By utilizing the exhaust gases from the combustion process to produce inert gas, the system helps to minimize the environmental impact associated with the operation of marine vessels. This aspect aligns with the growing focus on sustainability and emissions reduction within the maritime industry, making the IGGS an essential component for modern ships striving to meet stringent environmental regulations.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Component
    3. Market Snapshot, By End User
    4. Market Snapshot, By Sales Channel
    5. Market Snapshot, By Region
  4. Global Inert Gas Generator System (Iggs) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Demand for On-Site Installation of Nitrogen Generators
        2. Growing Fleet Size of Marine Cargo Ships
        3. Investments in Defense Modernization
        4. Increasing Commercial and Military Aircraft Procurement
      2. Restraints
        1. High Initial Investment and Operational Costs
        2. Technological Complexity and Integration Issues
        3. Limited Awareness and Understanding of IGGS Benefits
        4. Environmental Concerns and Emissions Regulations
      3. Opportunities
        1. Increasing Demand from Marine Cargo Shipping Industry
        2. Technological Advancements in Inert Gas Generation Systems
        3. Growing Focus on Safety and Regulatory Compliance
        4. Adoption of Aviation-Based IGGS for Enhanced Aircraft Safety
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Inert Gas Generator System (Iggs) Market,By Type , 2020 - 2030 (USD Million)
      1. Aviation
      2. Maine
      3. Industrial
    2. Global Inert Gas Generator System (Iggs) Market,By Component , 2020 - 2030 (USD Million)
      1. Air Separation Module
      2. Air Compressor
      3. Surge Tank
      4. Filtration Chain
      5. Scrubber
      6. Monitoring Devices
      7. Pumps
      8. Others
    3. Global Inert Gas Generator System (Iggs) Market, By End User , 2022 - 2032 (USD Million)
      1. Aviation
      2. Maine
      3. Industrial
    4. Global Inert Gas Generator System (Iggs) Market,By Sales Channel, 2020 - 2030 (USD Million)
      1. OEM
      2. Retrofit
    5. Global Inert Gas Generator System (Iggs) Market, By Geography, 2022 - 2032 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Eaton Corporation
      2. Parker Hannifin Corporation
      3. Air Liquide
      4. Onsite Gas Systems
      5. Wartsila
  7. Analyst Views
  8. Future Outlook of the Market

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