According to the new research
report "Inert Gas Generator System (IGGS) Market by Type (Marine,
Aviation, Industrial), Component (Aviation IGGS Component, Marine IGGS
Component, Industrial IGGS component), End User (Aviation, Marine, Industrial),
Fit (OEM Fit, Retrofit), and Region - Global Forecast to 2022", The Inert
Gas Generator Systems (IGGS) market is projected to grow from an estimated USD
746.7 Million in 2017 to USD 2,121.0 Million by 2022, at a CAGR of 23.22%
during the forecast period.
Browse 91 tables and 45 figures spread through 129 pages and in-depth
TOC on "Inert Gas Generator System (IGGS) Market - Global Forecast to
2022"
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Aviation-based IGGS
are the most crucial and mandatory part of any commercial or military aircraft.
Based on type, the industrial
IGGS type segment is estimated to lead the IGGS market during the forecast
period.
Industrial IGGS are installed in
industries such as oil & gas, food & beverages, chemicals, electronics,
and metallurgical industries for inerting or blanketing operations by providing
a non-reactive inert atmosphere for various industrial process. With the
increasing industrialization, especially in emerging economies, the demand for
industry-based IGGS is also expected to increase. These factors are expected to
drive the market for IGGS during the forecast period.
Based on component, the industry
IGGS component segment is estimated to lead the IGGS
market during the forecast period.
Air separation units, air
compressors, after coolers, and other components such as monitoring devices,
oxygen analyzers, and valves are critically important components used for
filtration of atmospheric air to have nitrogen rich air. Asia Pacific is
estimated to be the largest market for IGGS during the forecast period.
The major players in the IGGS
market include Parker Hannifin (US), Honeywell (US), and Air Liquide (France).
These manufacturers are mostly focused on providing easy installable IGGS
systems with high purity N2 generation to grow in the market.
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