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Marine Scrubber Systems Market Trends

Report ID: GMI2759
Published Date: Feb 2024
Report Format: PDF

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Marine Scrubber Systems Market Trends

Several international and regional regulations aim to reduce the environmental impact of shipping emissions, particularly sulfur oxide (SOx) emissions. Growing requirement to use low-sulfur fuels (compliant fuels with sulfur content not exceeding 0.5%) along with designation of Emission Control Areas (ECAs) with even stricter sulfur emission limits can impact the product demand. Additionally, ongoing research and development focuses on developing materials that can withstand the corrosive nature of exhaust gases and the scrubbing process, leading to improved durability and longer lifespan for scrubber systems, thereby contributing to product penetration.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of marine scrubber systems was reached USD 7.2 billion in 2023 and is anticipated to witness around 9.6% CAGR up to 2032, due to the growing requirement to reduce the impact of shipping emissions.

The marine scrubber systems market from the hybrid fuel segment is slated to observe over 9.5% CAGR from 2024 to 2032, owing to the rising need of ship operators to meet and exceed increasingly stringent environmental regulations.

Demand for marine scrubber systems in the commercial applications may surpass USD 5 billion by 2032, driven by the rising number of newbuild installations.

Asia Pacific marine scrubber systems market size will attain more than 8.5% CAGR from 2024 to 2032, due to the growing operational needs of vessels, including considerations for compliance with emission regulations.