Global Gas Scrubber Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3496
Global Gas Scrubber Market will witness growth on account of rapid industrialization and rising focus toward reduction of emissions. Gas scrubbers are waste gas treatment devices that use liquid to remove pollutants from industrial exhaust air. Strict air quality monitoring standards and policies by respective government will positively influence the industry outlook. Moreover, focus toward reducing OPEX in industrial sector is bolstering the product adoption.
High disposal output, easy maintenance and compact installation are some of the prime factors driving the product demand. Governments across the globe are determined to limit environment damages by introducing policy frameworks that will motivate the implementation of numerous pollution control technologies. In addition, collaboration with various environmental organizations with an aim to develop standards to control excessive emissions will stimulate the vent gas scrubber market growth.
Marine gas scrubber market is anticipated to grow on account of rising sulfur emission from ships along with increasing concern toward maritime pollution. Slowdown in the marine activities may pose a challenge to the business scenario. However, growing concerns pertaining environment and health effects of SOx coupled with ongoing R&D initiatives toward green shipping is set to stimulate the product demand. In addition, acceptance of low-cost fuel with these systems to comply with SOx norms will complement the industry scenario.
Europe gas scrubber market will witness growth owing to significant industrial development specifically in Italy, France and Spain. Increasing FDI investments on account of cross-border mergers, tax inversions and acquisitions will stimulate the product penetration. Moreover, introduction of large industrial power projects, presence of numerous international players and increasing demand to manufacture sustainable systems will complement the business landscape.
Implementation of stringent government conventions along with ongoing retrofitting activities will strengthen the industrial gas scrubber market growth. Increasing technological advancements to enhance product features and combat cost pressure coupled with rising standards toward equipment operation, inspection, and construction is projected to drive the product deployment.
Asia Pacific gas scrubber market will grow on account of rising industrial growth coupled with increasing seaborne trade activities. Growing awareness toward sulfur emissions and its impact on health along with stringent norms to curb pollution will stimulate the industry landscape. The Chinese Transport Ministry, in 2015, introduced an implementation plan to control the ship air pollution levels by establishing new emission control areas in China including the Bohai Bay, Yangtze River Delta and Pearl River Delta.
The key manufacturers operating in global gas scrubber market includes Babcock & Wilcox Enterprises, Mitsubishi Hitachi Power Systems, Wahlco, Inc., Wärtsilä, Johnson Matthey, Alstom, Dow Chemical Company, Fuji Electric, and Donaldson Company, Inc. among others.
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