Gas Scrubber Market size growth over 2021-2027 will be primarily driven by increasing concerns and tightening regulatory policies regarding the emission of toxic gases. In both developed and developing countries, strict air quality monitoring standards are in place across numerous industry verticals. Growing focus towards minimizing the operating expenditure (OPEX) in industrial operations will augment the market expansion.
Gas scrubber is a type of waste gas treatment devices used to remove pollutants from industrial exhaust gases. It is an efficient technology for reducing harmful gaseous emissions. Chemical, oil & gas, and marine sectors are among the major end-users of these systems.
The oil & gas sector is anticipated to hold a major revenue share of gas scrubber market by 2027. Improved efficiency in exploration and production is a major priority among oil and gas companies. As a result, these companies are constantly seeking new technologies that can help achieve higher efficiency while cutting down operating costs as well as carbon emissions. The increasing number of offshore as well as onshore projects globally will propel the industry forward.
In terms of the geographical outlook, North America is likely to be a major market for gas scrubbers during the forecast period 2021-2027. The region is implementing increasingly strict policies to improve air quality which is promoting the adoption of gas scrubber systems. Shipbuilders are also implementing these systems to reduce labor costs on clean-up and maintenance. The regional manufacturers are likely to witness tremendous opportunities in the years to come.
Dow Chemical Company, Babcock & Wilcox Enterprises, Fuji Electric (Furukawa Group), Johnson Matthey, Donaldson Company, Inc., Alstom, Mitsubishi Hitachi Power Systems, Wärtsilä, and Wahlco, Inc. are among the notable players in the gas scrubber market. Gas scrubbers are experiencing demand in numerous end-use verticals due to the introduction of tighter air quality and emission norms. Manufacturers are continuously innovating to bring novel technologies to the market and capitalize on the increasing demand.
In March 2021, for instance, Finnish maritime tech firm Wärtsilä said it is experimenting with carbon capture and storage (CCS) technology to advance current scrubber technologies as a way to tackle marine emissions. The company has been conducting extensive research and development to explore how CCS technology can be developed and scaled for marine scrubber systems. Reportedly, Wärtsilä is also building a 1 MW pilot plant at its Moss, Norway based test facility.
Temporary suspension of manufacturing activities in chemical, oil & gas, and maritime sectors has impacted gas scrubber demand globally to some extent. Owing to various restrictions enforced by governments to curb the spread of the coronavirus, marine activities witnessed a significant decline, particularly during the first few months of the pandemic. Other impacts include logistics and supply chain concerns and shortage of workforce.
However, despite these impacts, gas scrubber systems are experiencing strong demand, particularly across the marine sector. Scrubber systems will continue to be important components for newbuild vessels, chemical facilities, and oil & gas plants. Growing implementation of these systems in will propel the gas scrubber industry forward over 2021-2027.