Stratview Research has published a new report titled “Aircraft Fuel Tank Inerting System Market” which is segmented By Platform Type (Commercial Aircraft and Military Aircraft), By Stage Type (Aircraft-based System and Ground-based System), By Method Type (Inert Gas Supply, Ullage Washing, and Fuel Scrubbing), By Technology Type (ASM-based System, Pressure Swing Adsorption, and Others), By End-User Type (OE and Aftermarket), and By Region (North America, Europe, Asia-Pacific, and Rest of The World).
As per the study, the market is forecasted to grow at an impressive rate over the next five years to reach an estimated value of US$ 493.6 million in 2024.
A fuel tank inerting system, also known as a flammability reduction system, is a component in the fuel system that protects against fire and explosion in the fuel tank by developing an inert condition within the ullage space of the fuel tank. It is achieved by supplying inert gas, mostly nitrogen, to displace the oxygen in that ullage space of the tank.
The odds of fuel tank fire or explosion are high during aircraft refueling on the ground and in flight. In the case of aircraft refueling, ground-based systems are used for the supply of inert gas to the aircraft when an aircraft is in inactive mode. During the flight, fuel is continuously consumed creating the space for the flammable gases where the fuel tank inerting system converts the bleed air to nitrogen-enriched air (NEA), replacing the flammable gases in the fuel tank.
This reduction of oxygen in the fuel tank prevents combustion, even if a spark is present. The oxygen concentration inside the fuel tank of an aircraft should be less than 11.9% but can vary in the range of 9%-12%. In such types of systems, nitrogen-enriched air (NEA) is supplied at a concentration of 10%-12%.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Platform Type
Based on the platform type, the market is segmented into commercial aircraft and military aircraft. Commercial aircraft are expected to remain the larger segment of the market during the forecast period. Increasing deliveries of commercial and regional aircraft owing to rising air passenger traffic, growing demand for fuel-efficient aircraft, and expanding aircraft fleet size are the key growth drivers of the segment’s market. Boeing anticipated that approximately 44,040 commercial and regional aircraft will be delivered from 2019 to 2038. A320 family, B737, B787, and A350XWB would remain the growth engines of the market.
By Method Type
Based on the method type, the market is segmented into inert gas supply, ullage washing, and fuel scrubbing. Inert gas supply is expected to remain the most preferred choice in the market during the forecast period, driven by its higher penetration in commercial and regional aircraft. Since the development of hollow-fiber membrane air separation technology, an onboard inert gas generating system (OBIGGS) is widely used in the aerospace industry as it eliminates the usage of an inert gas storage system in aircraft.
Which Region is expected to remain the largest market?
In terms of regions, North America is projected to remain the largest market for aerospace fuel tank inerting systems during the forecast period. The USA is the growth engine of the region’s market and has the largest fleet of military aircraft and one of the largest fleets of commercial aircraft in the world. The presence of all major aircraft OEMs, tier players, fuel tank inerting system suppliers, and raw material suppliers is primarily driving the aircraft fuel tank inerting system market in the country.
Asia-Pacific is likely to witness the highest growth during the same period, driven by a host of factors including increasing demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China, and upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi MRJ).
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market.
The following are the key players active in the Aircraft Fuel Tank Inerting System Market:
Air Liquide S.A.
Collins Aerospace (UTC)
Eaton Corporation Inc.
ESCO Technologies Inc.
Honeywell International Inc.
Valcor Engineering Corporation
Zodiac Aerospace (Safran S.A.).
Key questions answered by the report.
What is the projected CAGR for revenue from the Aircraft Fuel Tank Inerting System Market during the forecast period?
What would the market be valued at by 2024?
What is a major driving factor for the growth of the market?
Which region accounted for the largest revenue share in the Aircraft Fuel Tank Inerting System Market?
Which are the major market players?