Gas Scrubber Market size is slated to showcase substantial growth trajectory over 2023-2032 led by the rollout of stringent regulatory norms and policies pertaining to the emission of toxic gases.
In November 2021, the Biden Harris Administration released the U.S. Methane Emissions Reduction Action Plan to curb greenhouse gas (GHG) emissions across oil & gas, agriculture, abandoned mines, landfills & food waste, and building & industrial sectors. Similar initiatives worldwide have spurred the adoption of gas scrubbers across waste-to-energy plants, driving the industry growth.
Over the past few years, scrubbers are extensively deployed in marine vessels as exhaust gas cleaning systems (EGCS) to eliminate harmful components and curb sulfur oxide emissions. With the growing emphasis on the reduction of sulfur emissions and creating healthier and safer environments, the adoption of marine scrubber systems is expected to rise significantly. Hence sulfur emissions are elevating the risk of respiratory illnesses, thus necessitating sophisticated technologies.
Gas scrubber market from the oil and gas sector is projected to report significant growth through 2032 owing to the surging number of oil & gas exploration activities worldwide. Lately, several rig operators are widely using advanced scrubbing technologies to enhance the efficiency of their exploration and production activities while reducing operational costs. Also, due to the imposition of stringent carbon emission norms, government bodies worldwide are encouraging oil & gas companies to adopt energy-efficient technologies for offshore and onshore applications.
North America gas scrubber market is poised to amass sizeable growth over 2032 on account of the rapid integration of strict environmental policies and norms associated with the improvement of air quality. The U.S. and Canada are ramping up efforts to curb industrial emissions whilst improving production output. Moreover, the region is home to a massive shipping sector, fostering the demand for gas scrubber systems to reduce expenditure on clean-up and maintenance.
The competitive landscape of the gas scrubber market includes players such as Wärtsilä, Dow Chemical Company, Fuji Electric (Furukawa Group), Babcock & Wilcox Enterprises, Johnson Matthey, Alstom, Donaldson Company, Inc., Mitsubishi Hitachi Power Systems, and Wahlco, Inc. These companies are boosting innovations through the development of novel technology systems for scaling their revenues. For instance, in March 2021, Wärtsilä announced developments in the field of carbon capture and storage (CCS) systems to amplify the capabilities of existing scrubber technologies for improved marine emission reduction.
The COVID-19 pandemic had a notable impact on the gas scrubber market with the sudden halt in manufacturing activities across the maritime, chemical, and oil & gas sectors. With the aim of curbing virus transmission and infection rates, several governments rolled out strict social distancing norms and lockdowns, leading to hampered operations and productivity. The temporary suspension of manufacturing and exploration activities has resulted in the dramatically reduce demand for gas scrubbers.
Additionally, the outbreak of the Russia-Ukraine war consolidated the supply chain disruptions caused by the COVID-19 pandemic. With Russia playing a pivotal role in the oil and gas sector, the war introduced new challenges for the manufacturers of gas scrubbers. Various countries opposed the invasion by implementing harsh sanctions on Russian oil, whereas several companies ended business with Russian counterparts, hindering the industry outlook.