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Asia Pacific Wet Marine Scrubber Systems Market Size

  • Report ID: GMI9463
  • Published Date: May 2024
  • Report Format: PDF

Asia Pacific Wet Marine Scrubber Systems Market Size

Asia Pacific Wet Marine Scrubber Systems Market was valued USD 3.3 billion in 2023 and is anticipated to grow at a CAGR of over 8.5% from 2024 to 2032. It is a pollution control device installed on marine vessels to reduce the emissions of sulfur oxides (SOx), particulate matter, and other pollutants from the vessel's engine exhaust gases. The system works by passing the exhaust gases through a liquid solution to remove harmful pollutants before they are released into the atmosphere and is designed to comply with international regulations governing air pollution from ships.

 

Increasing environmental pollution and its impact on marine ecosystems and human health has led governments and industry stakeholders in maritime transportation to prioritize cleaner, more sustainable practices thereby fueling the scrubbers adoption. Rising shift of vessel operators towards fuel efficient solutions to reduce operational costs is set to augment the product penetration, enabling ships to continue using cheaper, high-sulfur fuels while still meeting emission regulations. Additionally, continuous technological advancement to develop more efficient and reliable scrubber systems will create ample business opportunities.

 

Increasing shipbuilding and repair activities in China, South Korea, and Japan are increasing the shipbuilders focus on integrating emission control technologies into new vessel designs to comply with regulatory requirements thereby driving the product integration.  Rising technological advancements including improvements in scrubber design, materials, and automation uplifting the system performance, reliability, and ease of operation, will drive the industry outlook.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of Asia Pacific wet marine scrubber systems was reached USD 3.3 billion in 2023 and is anticipated to grow at 8.5% CAGR between 2024 and 2032, driven by increasing shipbuilding activities.

The hybrid segment in the Asia Pacific wet marine scrubber systems market is anticipated to reach more than USD 4.3 billion by 2032, due to the rising demand for scrubbers which can enable ships to use a wide range of fuel types, including high sulfur fuels.

Japan wet marine scrubber systems market is anticipated to cross USD 2.3 billion by 2032, attributed to rising stringent regulations in the maritime sector coupled with the dominance of renowned companies with the strong hold on technological innovation.

Alfa Laval AB, ANDRITZ, Duconenv, DNV GL AS, Damen Shipyards Group, Elessent Clean Technologies Inc, Exxon Mobil Corporation, Fuji Electric Co., Ltd., Kawasaki Heavy Industries, Ltd, LiqTech Holding A/S, MITSUBISHI HEAVY INDUSTRIES, LTD., PANASIA CO, LTD., Solvay, Valmet Corporation and Wärtsilä Corporation

Asia Pacific Wet Marine Scrubber Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 61
  • Countries covered: 11
  • Pages: 120
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