Press release
Inert Gas Generator System Market by Type, Component Pressure and Temperature Controller, Industry Forecast, 2021-2031
The global inert gas generator system (IGGS) market is experiencing a significant growth due to increasing global aircraft fleet size. Inert gas generator system is a gas generator system that produces gases having less than 5 % oxygen in it. IGGS burns fuel to create exhaust gas, which in turn passes through scrubbers to pass cleaning. Inert gas has very low concentration of oxygen making it ideal for suppressing combustion of flammable hydrocarbon gases or fuels. Inert gas system spreads the inert gas over the mixture of oil cargo hydrocarbon creating a barrier between oxygen rich air and fuel to prevent explosion.
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Top impacting factors: market scenario analysis, trends, drivers and impact analysis
Surge in procurement of military & commercial aircrafts, increase in demand for industrial based on-site IGGS, and rise in adoption of retrofitting of IGGS on existing aircrafts are the factors that drive the global inert gas generator system market. However, high cost of maintenance process and requirement for continuous testing & inspection processes hinder the market growth. On the contrary, surge in utilization of inert gases in metallurgy, pharmaceuticals, and oil & gas ventures, increase in marine cargo vessel fleet, and harsh safety regulations favoring usage of inert gases present new pathways in the industry.
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The global inert gas generator system market trends are as follows:
Surge in procurement of military & commercial aircrafts
Inert gas generator system is used for tire inflation as well as fuel tank in commercial & military aircrafts. For instance, till April 2020, Boeing & Airbus has delivered 56 & 136 commercial aircrafts respectively. Moreover, in 2019, Boeing delivered 380 new aircrafts whereas Airbus set all-time annual record of handing over of 863 aircrafts. In addition, growing economies such as India, is investing heavily in procurement of new fighter aircrafts to replace aging fighter jets. Recently, in 2020, Indian Air Force announced to invest 6 billion USD in induction of Tejas, an indigenous light combat aircraft. Similarly, US Air Force awarded a contract worth 1.1 billion USD to Boeing (defense & aerospace company based in Illinois, US) for delivery of F-15EX aircraft. F-15EX or F-15 strike eagle is an all-weather multi-role fourth generation plus strike aircraft upgraded from older F-15 aircrafts. Such investment in production of military & commercial aircrafts is expected to boost the global inert gas generator system market.
Key benefits of the report:
This study presents the analytical depiction of the global inert gas generator system industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global inert gas generator system market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global inert gas generator system market growth scenario.
Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global inert gas generator system market analysis based on competitive intensity and how the competition will take shape in coming years.
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