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Marine Emission Control Systems Market Size By Technology (SCR, Scrubber Systems {Wet Technology [Open Loop Technology, Closed Loop Technology, Hybrid Technology], Dry Technology}), ESP), By Fuel (MDO, MGO, Hybrid), Application, & Forecast, 2023 - 2032

  • Report ID: GMI2542
  • Published Date: Feb 2023
  • Report Format: PDF

Industry Statistics

Marine Emission Control Systems Market size valued at USD 11 billion in 2022 and is projected to expand at more than 8.5% CAGR from 2023 to 2032.

Growing concerns associated with large volumes of carbon and greenhouse gas emissions from maritime activities will foster demand for marine emission control systems. As per the International Energy Agency (IEA), international shipping accounted for approximately 2% of the global energy-related carbon emissions in 2021. Over the last decade, the popularity of cruise travel and cargo shipping has increased dramatically driven by a robust global trade. Hence, several government organizations worldwide have implemented ambitious initiatives for the reduction of environmental impact. For instance, the United Nation’s International Maritime Organization (IMO) aims to cut down ocean-vessel emissions to 50% by 2050. 

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Rising use of low-carbon fuels may impede product demand

The paradigm shift towards clean fuel alternatives and zero-emission energy systems for maritime applications could restrain the marine emission control systems market outlook to some extent. Moreover, the high installation costs associated with marine emission control systems along with the increasing intervention of several government for the adoption of low-carbon fuels may also obstruct business growth. For instance, according to IEA, by 2030, low-carbon fuels will account for 15% of the global energy demand in the Net Zero Scenario. However, the surging number of seaborne trade activities and favorable replacement and retrofitting services for marine vessels will fuel the adoption of novel emission control technologies, adding a positive edge to the business progression.

Increasing consumption of MGO across marine applications

Marine emission control systems market revenue from the MGO fuel segment is estimated to reach around USD 4 billion by 2032. The surging demand for MGO (marine gas oil) can be attributed to its high compatibility with diesel engines, enhanced efficiency across marine engines, and easy availability. Additionally, several governments worldwide have introduced strict norms, thus driving the inclination of marine operators toward the installation of emission control systems. Furthermore, extensive innovation and developments in the field of biofuel production to provide sustainable fuel for marine applications will spur industry progression.

Surging adoption of SCR systems to curb nitrogen oxide-based marine emissions to anchor industry growth

Marine Emission Control Systems Market Share, By Technology

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Marine emission control systems market valuation from SCR technology segment is poised to surpass USD 10 billion by 2032. The rising adoption of SCR (selective catalytic reduction) systems can be attributed to the deployment of stringent norms and mandates to reduce nitrogen oxide emissions in the marine ecosystem. This technology provides an advanced approach to active emissions control as it reduces the tailpipe emissions of nitrogen oxides to near-zero levels in modern diesel-powered vehicles. Furthermore, the ongoing advancements in marine engines are also fostering the demand for suitable emission control systems.

Rising offshore infrastructure developments to boost demand for marine emission control systems

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of marine emission control systems crossed USD 11 billion in 2022 and is anticipated to record 8.5% gains through 2032.

The SCR technology segment is poised to surpass USD 10 billion by 2032 due to increasing nitrogen oxide emissions in the marine ecosystem.

The Asia Pacific market is slated to expand at over 7% CAGR between 2023-2032 driven by a surge in maritime transportation activities.

IHI Corporation, Tenneco Inc., Ecospec, ME Production, ALFA LAVAL, HAMON, CR Ocean Engineering, and DuPont are some of the major companies in the global market.

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  • Base Year: 2022
  • Companies covered: 34
  • Tables & Figures: 791
  • Countries covered: 24
  • Pages: 450
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