Inert Gas Generator System (IGGS) Market - Introduction

Inert gas generator system reduces oil consumption providing cost efficiency, as well as an environmental benefit. Oil tankers carry oil of different quality and grades, having property to produce gases and flammable vapors when loaded for transportation. Vessel transporting cargos that produce hydrocarbon vapors need an inerting systems to eliminate the risk of fire hazard and explosions in the cargo tanks. Thus, inert gas generator system is one of the most vital integrated system for oil tankers for safe operation of the marine cargo ships. Inert gas generator systems consists of a combined scrubber & burner, which are both seawater-cooled. Across the globe, the increasing demand for new defense cargo aircraft and commercial fleet and retrofitting of IGGS on present aircraft are one of the major driving factors for the growth of the global inert gas generator system (IGCS) market in next few years. However, the growth of the inert gas generator system market can also be attributed to factors including the growing fleet size of marine cargo ships.  Additionally, the length and size of cargo ship is growing day to day. This is mainly due to the growing trade via different marine routes, which in turn is anticipated to pull the adoption of inert gas generator system (IGGS) for different types of oil vessel transporting cargos. The growth witnessed in the demand for inert gas generator systems in different types of industries including oil & gas, metallurgy, food & beverages and chemical among others is expected to positively influence the demand for inert gas generator system (IGGS) during the forecast period from 2019-2027.

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Inert Gas Generator System (IGGS) Market – Competitive Landscape

  • In March 2017, Alfa Laval, a leading provider of Integrated Gas Generator System, announced that they have modified their Automatic Fuel Efficiency Module (AFEM), in order to reduce the fuel consumption of their existing SMIT Combustion inert gas generator systems.
  • In March 2019, Kidde Fire Protection, a unit of United Technologies Corporation, a leading designer and manufacturers of advanced fire detection and suppression systems announced that they have the launch of a new Inert Gas System to support different types of industrial application.  

Honeywell Corporation

Founded in 1906, Honeywell Corporation is headquartered in ‎Morris Plains, New Jersey, United States. The American multinational conglomerate company is involved in the designing and manufacturing of specialized product for different end use industry such as in aerospace, home and building technologies, performance materials and technologies, and safety and productivity solutions. It has more than 130,000 employees across the globe and the company has dedicated customer operations and service centers around the world.

Parker-Hannifin Corporation  

Parker-Hannifin Corporation, Headquartered in Etoy, Switzerland is one of the leading in the designer, manufacturers and suppliers of diversified industrial and aerospace systems across the globe. The company is operating their sales & distribution network across the different part of the globe.

Cobham plc.  

Established in 1934, Cobham plc, provides wide range of technologies, solution and services to different types of end use industry which includes commercial, aerospace & defense and security markets worldwide. Moreover, the company has more than 10,000 people across five continents and have customers and partners in over 100 countries across the globe

Eaton Corporation

Founded in 1911, one of the leading manufacturer of engineering solutions for the industrial, automotive, construction, commercial, and aerospace markets. Eaton is dedicated to improving the quality of life and the environment through the use of power management technologies and services. Moreover, it has more than 99,000 employees and presence over 175 countries across the globe.

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Some of the significant players in the inert gas generator system (IGGS) market are Coldharbour Marine, Air Liquide, Onsite Gas Systems, Wartsila, Marine & Industrial Systems Ltd. and Novair among others.

Inert Gas Generator System (IGGS) Market - Dynamics

Rising Awareness and Growing Adoption of Inert Gas Generator Systems in Industrial Application is expected to Fuel the Market Growth

The growing installation of on-site inert gas generator systems (IGGS) for different types of industrial N2 gas requirements, along with retrofitting of industrial IGGS, is motivating the growth of the global inert gas generator systems (IGGS) market in coming years. The increasing concerns related to aircraft inspection attributed to the growth of Inert Gas Generator System (IGGS) market in coming years. Across the globe, Asia Pacific is expected to create good opportunity for the inert gas generator system (IGGS) manufacturers in next few years. This is mainly due to increasing development in industrial sector along with the increasing demand for aircraft and shipping cargo vessels across Asia Pacific, is projected to pull the market demand during the forecast period. Moreover, the growth of the inert gas generator system market can be attributed to the increasing demand for new military cargo aircraft and commercial aircraft as well as retrofitting of inert gas generator system on existing aircraft across the world. On the flip side, requirement for long-term agreements with nitrogen gas suppliers is one of the major factor is likely to hinder the growth of this product market during the forecast period form 2019-2027.

Inert Gas Generator System (IGGS) Market – Segmentation

The Inert Gas Generator System (IGGS) market can be segmented based on:

  • Type
  • Component
  • End use Industry
  • Geography

Inert Gas Generator System (IGGS) Market Segmentation – By Type

Based on the type, the Inert Gas Generator System (IGGS) market can be fragmented into:

  • Industrial IGGS
  • Marine IGGS
  • Aviation IGGS

Inert Gas Generator System (IGGS) Market Segmentation – By Component

Based on the Component, the Inert Gas Generator System (IGGS) market can be fragmented into:

  • Air Separation Module (ASM)
  • After Cooler
  • Pressure & Temperature Controller
  • Scrubber
  • Combustion Chamber
  • Monitoring Device
  • Sensors
  • Others

Inert Gas Generator System (IGGS) Market Segmentation – By End use Industry

Based on the End use Industry, the Inert Gas Generator System (IGGS) market can be bifurcated into:

  • Industrial
    • Oil & Gas
    • Chemical
    • Food & Beverages
    • Metal & Mining
    • Aviation
  • Aviation
    • Commercial Aircraft
    • Military Aircraft
  • Marine
    • Oil/Chemical Tankers
    • LNG/ LPG Tankers
    • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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