Home > Energy & Power > Marine Scrubber Systems Market
Global Marine Scrubber Systems Market size valued at USD 5 billion in 2021 and is projected to grow at over 10% CAGR from 2022 to 2030. Growing demand for low-emission marine transportation solutions will spur the industry growth.
To understand key trends  
Download Free Sample
The expansion of advanced maritime systems complying with stricter standards and regulations will augment the market statistics. A significant surge in marine transportation has resulted in government bodies focusing on reducing the emission levels of ships. For instance, in July 2021, the European Commission adopted new legislative proposals to reduce net emissions by 55% by 2030. This initiative will extend the EU Emissions Trading System (ETS) to maritime transportation which will cap their emissions under the overall ETS threshold.
Report Attribute | Details |
---|---|
Base Year: | 2021 |
Marine Scrubber Systems Market Size in 2021: | 5.3 Billion (USD) |
Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 10.4% |
2030 Value Projection: | 14.0 Billion (USD) |
Historical Data for: | 2018 to 2021 |
No. of Pages: | 800 |
Tables, Charts & Figures: | 1,583 |
Segments covered: | Technology, Fuel, Application |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
To understand market opportunities  
Download Free Sample
To understand key market trends  
Download Free Sample
The marine scrubber systems market from the wet technology segment is estimated to attain a growth rate of more than 10% through 2030 driven by rising usage of sustainable scrubbing technologies. The inclination toward sustainable wet scrubbing systems is further attributed to advantageous characteristics such as design simplicity, operational flexibility, and adaptability in environments with varying rates of water alkalinity.
Organizations such as the Exhaust Gas Cleaning Systems Association (EGCSA) are involved in the development, design, and finalization of deployed configuration, design approval, and approval of turnkey exhaust gas cleaning systems to cater to the existing and future emissions standards of the International Maritime Organization (IMO).
The hybrid fuel segment is anticipated to reach USD 1 billion revenue by 2030. Surging advancements in energy storage technology will primarily drive revenue growth for this segment. Citing an instance, in September 2022, Freudenberg e-Power Systems received type-approval from the Italian classification society RINA for the world’s first fuel cell system powered by methanol. This system utilizes fuel reforming technology combined with long-life PEM (proton-exchange membrane) fuel-cell units that make up a scalable, modular system. Such developments, alongside the use of the technology in mitigating local emissions in populated regions and maneuvering port operations in deep vessels, may proliferate the industry growth from the hybrid fuel segment.
To understand key market trends  
Download Free Sample
The commercial marine scrubber systems market revenue is expected to register 9% gains by 2030 owing to rising adoption of commercial vehicles such as bulk carriers, tankers, and container vessels in the UK. Increased expansion of sea routes and retrofitting of existing vessels with marine scrubber systems may bolster the market demand.
The market size in Asia Pacific is poised to record nearly USD 7 billion valuation by 2030 on account of rising investments in developing advanced scrubber technology. Consistent financial assistance across key economies in addition to extensive ship construction projects, mainly across Japan, China, and South Korea will also encourage regional demand for these systems.
Some of the key marine scrubber systems market participants include:
These leaders are focusing on strategic partnerships to expand their business footprint across the globe and setup operations in untapped markets.
For instance, in September 2022, CR Ocean Engineering LLC formed a partnership with filtration system provider Oberlin Filter Company to provide a cost-effective and automated washwater filtration system for hybrid & closed loop scrubbers. This partnership will enable the companies to reinforce mutual businesses and deliver the best services to the industry, in turn expediting business growth.
The global outbreak of COVID-19 pandemic majorly impacted outdoor activities and businesses, particularly the maritime and shipping sector. According to the Review of Maritime Transport 2021 published by UNCTAD, maritime trade reduced by around 3.8% in 2020, creating initial shockwaves in the industry. All major trade, including key export and import trade, faced a severe downfall during this time.
In the United Arab Emirates (UAE), The Federal Transport Authority (FTA) issued circulars that mandated precautionary measures to be implemented for vessels and containers entering through various waterways in the UAE. However, with maritime trade gradually returning to normalcy, the demand for scrubber systems and other technologies may witness a rise as well, which is anticipated to benefit the marine scrubber systems industry over the forthcoming years.
Click here to Buy Section of this Report
Market Insights, By Fuel
Market Insights, By Application
The above information has been provided for the following regions and countries: