Inert Gas Generator System Market 2023-2032 With Strategic Trends Growth, Revenue, Demand & Future Potential Of Industry


Posted June 12, 2023 by Rajeevthakur

The global inert gas generator system (IGGS) market is experiencing a significant growth due to increasing global aircraft fleet size.

 
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.

COVID-19 scenario analysis:
Inert gas generator system manufacturers are forced to shut down production operations due to government-imposed lockdown to slow the spread of COVID-19.

Aircraft manufacturers are facing operational issues due to supply chain disruption caused by the government initiatives to control the COVID-19 outbreak.

Installation & upgradation of inert gas generator systems are hindered due to lockdown imposed by nations globally in the wake of COVID-19 pandemic.

Marine cargo vessels are facing short term operational issues due to lack of inert gas supply caused by the transport restrictions imposed by authorities to control the COVID-19 outbreak.

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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.

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.

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Issued By Rajeev Thakur
Country United States
Categories Aerospace , Defense
Tags inert gas generator system market demand , inert gas generator system market share , inert gas generator system market size
Last Updated June 12, 2023