Global Inert Gas Generator System Market: Key Highlights
Global Inert Gas Generator System Market: Key Market Dynamics
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Global Inert Gas Generator System Market: Regional Overview
The inert gas generator system market in Asia-Pacific is projected to witness high demand owing to increasing industrialization in emerging nations such as China, India, and others. This has increased the demand for aircrafts and shipping cargo vessels. Countries in these regions are engaged in exports of various goods such as agricultural goods, and amongst others to different countries. For instance, according to United Nation ESCAP, merchandise trade accounted for 68.9% of India’s total trade in 2017.
The inert gas generator system market in the North America region is projected to witness demand due to the high production of aircraft in the region. The US aerospace industry is the largest across the globe and contributed to around USD 374 billion of the country’s GDP in 2018. Moreover, extensive R&D spending in the aerospace & defense industry is likely to propel the demand for inert gas generator system in the coming years.
Global Inert Gas Generator System Market: Key Players Overview
Alfa Laval AB is one of leader in key technology areas of heat transfer, separation, and fluid handling. It has strong geographical presence with customers in more than 100 countries and 42 major production units. The company offers its products various industries like biotech & pharmaceutical, energy, chemical, HVAC, marine & Transportation, and others. In March 2017, the company modified their automatic fuel efficiency module (AFEM), in order to reduce the fuel consumption of their SMIT combustion inert gas system.
Honeywell International Inc. is a US-based company engaged in the invention and commercialization of technologies for overcoming the challenges across energy, safety, security, productivity, and global urbanization. It operates through major business segments, i.e., aerospace, Honeywell building technologies, performance materials and technologies, and safety and productivity solutions.
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