iCrowdNewswire Mar 4, 2021 12:00 AM ET
Inert gas encompasses insufficient oxygen for suppressing the combustion of the flammable hydrocarbon gases. The inert gas generator system helps in spreading the inert gas over the mixture of oil cargo hydrocarbon which increases the lower explosion limit & simultaneously reduce the higher explosion limit.
The increase in commercial and military aircraft fleet is a major driving factor which expected to boost the global inert gas generator system market growth over the forecast period. Furthermore, this system reduces oil consumption providing cost efficiency and environmental benefits will significantly fuel the global inert gas generator system market growth. Also, the increase in adoption of inert gas generator system in the industrial sector will positively influence the market growth. Moreover, Mandatory Installation of IGGS in Cargo Ships will positively influence the market growth. Vessel transporting cargos which produce hydrocarbon vapors need inert gas generator systems to eliminate the risk of fire hazard and explosions in the cargo tanks. Thus, these are most important integrated system for oil tankers for safe operation of the marine cargo ships.
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Ongoing long term contacts with the nitrogen gas suppliers is anticipated to hamper the global inert gas generator market growth during this forecast timeline.
The Global Inert Gas Generator System Market is segmented into type such as Industrial IGGS, Aviation IGGS, and Marine IGGS, by component such as Air Separation Module, Scrubber, Pressure & Temperature Controller, After Cooler, Combustion Chamber, Sensors, and Others. Further, market is segmented into end user such as Food & Beverages, Oil & Gas, Chemical, Metal & Mining, Commercial Aircraft, Military Aircraft, LNG/ LPG Tankers, and Others.
The Global Inert Gas Generator System Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Honeywell International, Air Liquide, Cobham, Eaton Corporation, Onsite Gas Systems, Parker Hannifin Corporation, Wartsila, Coldharbour Marine, Novair, Alfa Laval, etc.
- Industrial IGGS
- Aviation IGGS
- Marine IGGS
- Air Separation Module
- Pressure & Temperature Controller
- After Cooler
- Combustion Chamber
By End User
- Food & Beverages
- Oil & Gas
- Metal & Mining
- Commercial Aircraft
- Military Aircraft
- LNG/ LPG Tankers
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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