Inert Gas Generator Systems (IGGS)

Global Inert Gas Generator Systems (IGGS) Market to Reach US$11.1 Billion by 2030

The global market for Inert Gas Generator Systems (IGGS) estimated at US$4.4 Billion in the year 2024, is expected to reach US$11.1 Billion by 2030, growing at a CAGR of 16.9% over the analysis period 2024-2030. Industrial IGSS, one of the segments analyzed in the report, is expected to record a 17.1% CAGR and reach US$6.6 Billion by the end of the analysis period. Growth in the Aviation IGGS segment is estimated at 15.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.1 Billion While China is Forecast to Grow at 22.0% CAGR

The Inert Gas Generator Systems (IGGS) market in the U.S. is estimated at US$1.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 22.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 12.5% and 14.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR.

Global Inert Gas Generator Systems (IGGS) Market - Key Trends & Drivers Summarized

What Is an Inert Gas Generator System (IGGS) and Its Significance in Safety?

An Inert Gas Generator System (IGGS) is a critical safety component in various industries, particularly in marine and oil and gas sectors. These systems generate inert gas—mostly nitrogen—which is used to displace oxygen and prevent the combustion of flammable materials. IGGS are essential in ensuring the safety of oil tankers and chemical carriers by preventing explosions in cargo holds or tanks. The demand for IGGS is driven by the stringent international safety standards mandating their use in environments with high explosion risks, emphasizing their importance in protecting assets and human lives.

How Are Technological Developments Enhancing IGGS Efficiency?

Technological advancements in IGGS focus on improving the efficiency and reliability of these systems. Innovations include better control systems, more efficient gas separation technologies, and improvements in the operational longevity of the equipment. Developments in membrane technology, for example, allow for more compact and energy-efficient systems that can be installed in space-constrained environments. Additionally, the integration of automation in IGGS has improved the precision of gas flow rates and purity levels, enhancing overall safety performance.

What Market Trends Are Impacting the IGGS Industry?

The market for IGGS is influenced by several trends, primarily the global increase in safety regulations across the maritime and oil and gas industries. The expansion of the global commercial fleet due to increased maritime trade activities necessitates a higher deployment of IGGS, especially in new ships. Additionally, the retrofitting of older vessels with modern IGGS to comply with current international safety standards is a significant market driver. Another trend is the growing demand for IGGS in onshore applications, such as in data centers and server rooms, where fire suppression without residue is crucial.

The Growth in the Inert Gas Generator System Market Is Driven by Several Factors

The growth in the inert gas generator system market is driven by several factors, including technological innovations that increase system efficiency and adaptability to different operational settings. The enforcement of stringent safety regulations worldwide necessitates the installation of IGGS in both new and existing infrastructure, boosting demand. Additionally, the rising awareness of the need for enhanced safety measures in industries vulnerable to fire and explosion hazards directly contributes to the expansion of this market. The increasing exploration activities in the oil and gas sector also spur the need for reliable safety systems, further propelling the growth of the IGGS market.

SCOPE OF STUDY:

The report analyzes the Inert Gas Generator Systems (IGGS) market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Component (Industrial IGSS, Aviation IGGS, Marine IGGS); Fit (OEM Fit, Retrofit); End-Use (Industrial, Aviation, Marine)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 46 Featured) -

• Air Liquide SA
• Alfa Laval AB
• Cobham PLC
• Coldharbour Marine Ltd.
• Eaton Corporation PLC
• Honeywell International, Inc.
• Novair SAS
• On Site Gas Systems
• Parker Hannifin Corporation
• Wartsila Corporation

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