Home > Energy & Power > Emerging Energy Technologies > Environmental Control Solutions > Europe Marine Scrubber Systems Market
Europe Marine Scrubber Systems Market Size
- Report ID: GMI8658
- Published Date: Mar 2024
- Report Format: PDF
Europe Marine Scrubber Systems Market Size
Europe Marine Scrubber Systems Market was valued USD 1.3 billion in 2023 and is anticipated to grow at a CAGR of 10.7% during 2024 to 2032. It is a pollution control device installed on ships to reduce emissions of harmful pollutants, including sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter, from exhaust gases generated by the ship's engines. These systems work by spraying alkaline solutions, comprising seawater or alkaline chemicals, onto the exhaust gases to neutralize and remove pollutants before they are released into the atmosphere.
Stringent environmental regulations aimed at reducing emissions from ships operating in coastal and inland waters will augment the industry landscape. Growing public awareness and concern about the environmental impact of shipping activities to mitigate pollution and safeguard marine ecosystems will sway the business trends. Furthermore, the economic benefits associated with the system, consisting of compliance with regulations, fuel cost savings, and potential operational advantages, incentivize shipowners and operators to invest in these technologies leading to a positive industry outlook.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Marine Scrubber Systems Market Size in 2023: | USD 1.3 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 10.7% |
| 2032 Value Projection: | USD 3.5 Billion |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 450 |
| Segments covered: | Technology, Fuel, Application and Country |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Europe Marine Scrubber Systems Market Scope
