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3. Inert Gas Generator System Companies - Honeywell (US) and Parker Hannifin (US) are the Key Players

The Inert Gas Generator Systems (IGGS) market is estimated to grow from USD 746.7 Million in 2017 to USD 2,121.0 Million by 2022, at a CAGR of 23.22% during the forecast period. The IGGS market is a technologically advanced and very product-specific market with a good number of players. Factors such as growing demand for onsite IGGS in industries, increasing number of commercial & military cargo aircraft procurement and retrofitting programs worldwide, and increasing marine cargo ship fleet size are expected to drive the IGGS market in the coming years.

Major Inert Gas Generator System Companies Include:

• Honeywell (US)
• Parker Hannifin (US)
• Air Liquide (France)
• Cobham (UK)

The industry players concentrate on providing IGGS systems which provide high purity N2 and are easy to handle systems to grow in the IGGS market. They also focus on long-term opportunities from emerging economies. Their core competency is their wide geographical presence. Key players in the IGGS market have been identified through the annual revenue generated by them from various business segments. Europe and Asia Pacific are the leading markets for IGGS.

Honeywell is a leading manufacturer and service provider for electronic and electro-pneumatic systems for air & thermal management, turbocharging, sensing & security technologies, and advanced materials, globally. The company has been investing in emerging markets, such as China, India, Latin America, and the Middle East. Its reportable segments include aerospace, automation & control solutions, and performance materials & technologies. Under the aerospace segment, the company provide aircraft engines, On-board Inert Gas Generation Systems (OBIGGS), integrated avionics, systems & service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense & space contractors. Its products and services include auxiliary power units, propulsion engines, environmental control systems, and electric power, among others. Its core competencies include improved operational efficiency and strong distribution network across the globe. The company has around 41 subsidiaries worldwide.

Parker Hannifin Corporation was founded in 1918 and is headquartered in Ohio, US. It is an American corporation engaged in motion and control technologies. The company provides precision-engineered solutions for a wide spectrum of applications, which includes aerospace, climate control, electromechanical, filtration, fluid and gas handling, hydraulics, pneumatics, process control, and sealing and shielding.

Related Reports:

Inert Gas Generator System (IGGS) Market by Type (Marine, Aviation, Industrial), Component (Aviation IGGS Component, Marine IGGS Component, Industrial IGGS component), End User (Aviation, Marine, Industrial), Fit (OEM Fit, Retrofit), and Region - Global Forecast to 2022

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