Marine Emission Control Systems Market Size By Technology [SCR, Scrubber {Wet (Open Loop, Closed Loop, Hybrid), Dry}, ESP {Wet, Dry}], By Fuel [MDO, MGO, Hybrid], By Application [Commercial, Offshore, Recreational, Navy], ), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024

Published Date: Nov 2018  |  Report ID: GMI2542  |  Authors: Ankit Gupta, Aditya Singh Bais

Report Format: PDF   |   Pages: 480   |   Base Year: 2017




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Marine Emission Control Systems Market size in 2017 was valued over USD 5 billion and the annual installation will surpass 6,000 units by 2024.
 

Europe Marine Emission Control Systems Market Size, By Application, 2017 & 2024 (USD Million)

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Global marine emission control systems market will grow on account of stringent government norms and increasing maritime pollution. The IMO has introduced a norm with an aim to limit NOx emissions by diesel engines installed or built on & after 1st January 2016. The directive is applicable on all the vessels with a power output of > 130 kW. In addition, IMO in 2016, revised global limit on sulfur fuel content to 0.5% on the vessels built or installed on & after 1st January 2020. Strict norms under the MARPOL 73/78 Annex VI were introduced on the 1st of July 2010, leading to an increase in the adoption of Electrostatic Precipitators (ESPs).
 

Rising environment and health concerns coupled with stringent norms in the ECAs will positively impact the product demand. Introduction of monetary penalties in case of non-compliance to the regulations is projected to boost the marine emission control systems market growth. Healthy orderbook, restructuring of the older vessels with an aim to build sustainable solutions and positive outlook toward the shipbuilding industry are few parameters propelling the product penetration.
 

Marine Emission Control Systems Market Report Coverage
Report Coverage Details
Base Year: 2017 Market Size in 2017: 5 Billion (USD)
Historical Data for: 2013 to 2017 Forecast Period: 2018 to 2024
Forecast Period 2018 to 2024 CAGR: 15% 2024 Value Projection: 14 Billion (USD)
Pages: 480 Tables, Charts & Figures: 914
Geographies covered (24): U.S., Canada, Germany, UK, Italy, Norway, France, Russia, Denmark, Netherlands, China, Japan, India, South Korea, Australia, Vietnam, Indonesia, Saudi Arabia, UAE, South Africa, Angola, Brazil, Argentina, Mexico
Segments covered: Technology, Fuel, Application, and Region
Companies covered (34): Kwang sung Co. Ltd, Yara International ASA, Mitsubishi Heavy Industries, Hyundai Heavy Industries, Wärtsilä, Caterpillar, MAN Energy Solutions, Hug Engineering, Agriemach Ltd, Johnson Matthey, DCL International Inc, Niigata Power System Co. Ltd., Tenneco Inc, ECOUREA, Hitachi Zosen Corporation, Ecospray Technologies Srl, Panasia Co. Ltd., Ecospec, Danish Technology, ME Production A/S, DEC Marine, H+H Engineering & Service, Alfa Laval, Damen Shipyards Group N.V., Hamon Research-Cottrell, Inc., CR Ocean Engineering, VDL AEC Maritime B.V., Langh Tech Oy Ab, DuPont, Clean Marine AS, Shanghai Bluesoul, Fuji Electric Co. Ltd., SAACKE GmbH, Valmet Oyj
Growth Drivers:
  • Growing seaborne trade activities
  • Stringent government regulations toward emissions
  • Technological advancements
Pitfalls & Challenges:
  • High installation cost
  • Availability of alternate fuel

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Marine Emission Control Systems Market, By Technology
 

China Marine Emission Control System Industry Size, By Technology, 2017 & 2024 (USD Million)
 China Marine Emission Control System Industry Size, By Technology, 2017 & 2024 (USD Million)

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Scrubber marine emission control systems market will witness growth owing to less payback period along with long-term operational flexibility. Rising demand for hybrid systems owing to their greater flexibility and adjustability in varying water alkalinity will further drive the product adoption.
 

ESP segment will grow owing to low energy consumption and cost efficiency. Recent improvements in the product features coupled with increasing R&D activities will positively impact the industry landscape.
 

Marine Emission Control Systems Market, By Fuel

MDO marine emission control systems market in 2017 was valued over USD 4 billion. High sulfur content in heavy fuel along with stringent regulatory norms with an aim to limit PMs, nitrogen and sulfur emissions by marine industry will boost the product penetration. In addition, allowance of low cost fuel along with emission control systems to comply with the norms will complement the industry outlook.
 

Hybrid fuel segment is set to grow owing to stringency in government norms and rising awareness toward advancement in emission control technology. In addition, growing global merchandise trade coupled with rising demand for bulk carriers and container vessels will complement the product deployment.
 

Marine Emission Control Systems Market, By Application

Recreational marine emission control systems market is anticipated to grow owing to rising disposable income along with increasing demand for luxury & comfort. Ongoing R&D activities and rapid technology innovations to combat the cost pressure will propel the product deployment.
 

Commercial applications accounted for over 45% of the global market share. Increasing cross border trade, long international voyage, and introduction of standards pertaining system construction, inspection, and operation will boost the product demand. In addition, rising health & environmental concerns coupled with increasing demand for sustainable systems will drive the business growth.
 

Marine Emission Control Systems Market, By Region
 

Europe Scrubber Marine Emission Control System Industry Size, By Country, 2017 (USD Million)
Europe Scrubber Marine Emission Control System Industry Size, By Country, 2017 (USD Million)

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The U.S. marine emission control systems market is set to grow owing to stringency in emission control norms coupled with ongoing innovations and investments to manufacture sustainable systems. Implementation of strict government protocols and rise in shipbuilding activities pertaining to the growing demand for commercial vessels and battle forces will complement the industry outlook. MEPC in 2018, strategized to limit the emissions from the marine industry and reduce the levels by 50% by 2050.
 

China market will grow over 10% by 2024. Increasing PMs, NOx and SOx emissions from marine industry & its effect on the environment coupled with stringency in legislations to combat the pollution will boost the product demand. Ongoing FDI flow owing to cross-border mergers, tax inversions and acquisitions will further encourage the product penetration.
 

Competitive Market Share

Major industry players across the marine emission control systems market includes Kwang sung, Yara, Mitsubishi, Wärtsilä, Hyundai Heavy Industries, Caterpillar, Hug Engineering, MAN Energy Solutions, Agriemach, Johnson Matthey, DCL International, Niigata Power System, Tenneco, ECOUREA, Hitachi Zosen, Ecospray, PANASIA, Ecospec, Danish Technology, ME Production, DEC Marine, H+H Engineering, Alfa Laval, Damen Shipyards, Hamon Research-Cottrell, CR Ocean Engineering, VDL AEC Maritime, Langh Tech, DuPont, Clean Marine, Shanghai Bluesoul, Fuji Electric, SAACKE GmbH, and Valmet.
 

Product development, innovations R&D and collaborations to comply with the globally accepted norms and mandates is driving the market growth. The manufacturers are actively participating in partnerships and M&As with regional & global vendors to generate the opportunities.
 

Marine Emission Control Systems Industry Background  

Emission control systems including SCR, scrubber and ESP are nitrogen, sulfur & particulate matter abatement technologies, respectively, deployed across engines & boilers to curtail the emissions. Growing demand for sustainable systems coupled with government initiatives will positively impact the industry growth.


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