Inert Gas Generator System (IGGS) Market to Grow with a CAGR of 12.8% through 2030
The
IGGS market is expected to witness robust growth driven by safety regulations,
technological advancements, and the increasing focus on sustainable solutions.
According to
TechSci Research report, “Inert Gas Generator System (IGGS) Market - Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”,
the global inert gas
generator system (IGGS) market was valued at USD 3.34
Billion in 2024 and is expected to reach USD 6.89 Billion by 2030 with a CAGR
of 12.8% during the forecast period. The Inert Gas
Generator System (IGGS) market is witnessing significant growth due to evolving
safety regulations and increased awareness of fire and explosion prevention
across key industries. As industries globally adopt more stringent safety
protocols, IGGS has emerged as a critical solution for mitigating risks in
environments such as aviation, maritime, and industrial sectors. The market is
expected to expand over the next decade, driven by the need for reliable and
efficient fire prevention systems, especially in high-risk environments. Key
factors such as increasing global trade, air travel, and industrialization
contribute to the rising demand for IGGS, as these industries face heightened
pressure to comply with safety regulations. Simultaneously, the market is
grappling with certain challenges, notably the high initial installation costs
and the complexity of integrating advanced IGGS technologies into existing
infrastructure. While IGGS systems are designed to enhance safety and operational
efficiency, their cost can be a barrier for smaller enterprises or industries
with limited budgets for capital expenditures. Additionally, the complexity of
retrofitting older systems with new IGGS solutions can result in downtime,
leading to operational disruptions and additional costs. Furthermore, despite
the growing awareness about the importance of IGGS, there remains a knowledge
gap in emerging markets, where industries are still adapting to the concept of
inert gas generation and fire prevention technologies.
Technological
advancements in IGGS systems are helping to mitigate some of these challenges
by driving efficiencies, reducing energy consumption, and offering more
compact, user-friendly solutions. These advancements make it easier for
industries to adopt IGGS without significant overhauls to existing
infrastructure. Moreover, growing demand for environmentally friendly solutions
is prompting innovation in energy-efficient systems that utilize renewable
energy sources, further boosting market potential. As industries increasingly
prioritize sustainability and safety, IGGS continues to be a key solution in
mitigating fire and explosion risks, while also contributing to the broader
trend of enhancing industrial safety standards globally.
Browse over xx
market data Figures spread through xx Pages and an in-depth TOC on
"Global Inert Gas Generator System (IGGS) Market.”
Global Inert Gas
Generator System (IGGS) Market is segmented into type, component, end user, and region.
Based on the end
user, the fastest growing segment in the IGGS market was the aviation sector. This
growth is primarily driven by the rising number of air travel passengers,
increasing global air traffic, and stringent safety regulations in aviation. As
airlines and aircraft manufacturers focus on meeting global safety standards
and reducing fire risks, the demand for advanced inert gas generation systems
is accelerating. Moreover, with the expansion of international air travel, the
need for efficient and reliable IGGS solutions is increasing rapidly to ensure
the safe transportation of goods and passengers. The demand for IGGS in
aviation is further fueled by advancements in technology, including the
development of smaller, more energy-efficient systems that can be seamlessly
integrated into modern aircraft designs. Additionally, regulatory requirements,
such as those set by the Federal Aviation Administration (FAA) and
International Civil Aviation Organization (ICAO), which mandate the use of IGGS
for cargo holds and fuel tanks, continue to drive adoption in this sector.
Based
on region, the Asia-Pacific (APAC) region is projected to be the
fastest-growing market for Inert Gas Generator Systems (IGGS) from 2020 to
2030. This growth is fueled by several key factors, including rapid
industrialization, the rise in air traffic, and expanding maritime trade,
particularly in China and India. These countries, alongside other regional
players, are seeing significant developments in infrastructure, which
contribute to the increasing demand for safety systems such as IGGS. Asia-Pacific is one of the
fastest-developing regions globally, with countries like China, India, and Southeast
Asian nations experiencing accelerated industrialization and urbanization. The
industrial sector in this region spans various high-risk industries, including
chemicals, oil & gas, petrochemicals, and pharmaceuticals, which often
require fire prevention systems due to the volatile nature of their operations.
As these industries grow, the demand for IGGS systems that can prevent
explosions and ensure safety within factories and manufacturing facilities is
increasing.
Major companies
operating in the global inert gas generator system (IGGS) market are:
- Honeywell International Inc.
- Cobham Limited
- Eaton Corporation plc
- Parker-Hannifin Corporation
- L'Air Liquide S.A.
- On Site Gas Systems, Inc.
- Wärtsilä Corporation
- Coldharbour Marine Limited
- Novair SAS
- Alfa Laval AB
Download Free Sample Report
Customers can
also request 10% free customization in this report.
“With many ships, aircraft, and
industrial facilities already in operation, there is an increasing focus on
retrofitting existing systems with advanced IGGS technology. Companies are
looking for cost-effective solutions that can be easily integrated into existing
infrastructure. As the demand for retrofitting increases, manufacturers of IGGS
are developing modular systems that can be adapted to various vessels,
aircraft, and industrial applications, allowing for smoother implementation and
upgrades. “Said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
"Inert Gas Generator
System (IGGS) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Marine IGGS
Type, Aviation IGGS Type, Industrial IGGS Type), By Component (Aviation IGGS
Component, Marine IGGS Component, Industrial IGSS Component), By End User (Aviation,
Marine, Industrial), By Region, & Competition, 2020-2030F”,
has evaluated the future growth potential of global inert gas generator system
(IGGS)market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global inert gas
generator system (IGGS)market.
Contact Us-
TechSci Research LLC
420 Lexington
Avenue, Suite 300,
New York, United
States- 10170
M: +13322586602
Email: sales@techsciresearch.com
Website: www.techsciresearch.com