Report Code: A09054 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Inert Gas Generator System Market
Request Now !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.
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.
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:
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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Inert Gas Generator System Market Report Highlights
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Key Market Players | Parker Hannifin Corporation, Honeywell International, On Site Gas Systems, Wartsila., Coldharbour Marine, Eaton Corporation, Air Liquide, Alfa Laval, Novair Industries, Cobham plc |
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