Press Release / Business / Global Inert Gas Generator System (IGGS) Market is Estimated to Reach $2 Billion by 2025

Global Inert Gas Generator System (IGGS) Market is Estimated to Reach $2 Billion by 2025

Global Inert Gas Generator System (IGGS) Market report published by Accurize Market Research forecast that the global market is expected to reach $2 billion by 2025; growing at a CAGR of 23.4% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Essential installation of IGGS in cargo ships, rising commercial and military aircraft fleet, and growing application of IGGS in industries like oil & gas, electronics, pharmaceuticals, and food & beverages to drive the growth of the market

Essential installation of IGGS in cargo ships, rising commercial and military aircraft fleet, and growing application of IGGS in industries like oil & gas, electronics, pharmaceuticals, and food & beverages fuel the demand for the global inert gas generator system (IGGS) market. Furthermore, growing IGGS implementation in the industrial sector also boosts the growth of the market.

Market Segmentation

The global inert gas generator system (IGGS) market has been bifurcated on the basis of type, component, fit, end user, and geography. Type includes aviation IGGS type, marine IGGS type, and industrial IGGS type. By component, market is categorized into Marine IGGS Component, Aviation IGGS Component, and Industrial IGSS Component. Fit includes OEM fit and Retrofit. Further, by end user, the market is bifurcated into Marine, Aviation, and Industrial.

By geography the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consists of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.

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Top players in the market

The key players operational in the market includes Air Liquid, Cobham Plc, Alfa Laval, Parker Hannifin Corporation, Eaton Corporation, On Site Gas Systems, Wartsila, Novair Industries, Coldharbour Marine, and Honeywell International among others.