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North America Wet Marine Scrubber Systems Market Size

Report ID: GMI8889
Published Date: Apr 2024
Report Format: PDF

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North America Wet Marine Scrubber Systems Market Size

North America Wet Marine Scrubber Systems Market size was valued USD 1.2 Billion in 2023 and is anticipated to grow at a CAGR of 11% from 2024 and 2032. These are pollution control devices installed on ships to reduce emissions of harmful substances, primarily sulfur oxides (SOx) and particulate matter, from exhaust gases produced by marine engines. These systems work by directing the exhaust gas through a liquid, typically seawater or freshwater mixed with alkali chemicals, in a scrubbing tower or chamber.

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Stringent environmental regulations imposed by governing bodies including the U.S. Environmental Protection Agency (EPA), mandate the reduction of sulfur oxide (SOx) emissions from marine vessels thereby augmenting the industry landscape. Abundant availability of suitable scrubbing mediums, including seawater and freshwater sources, across the region will enhance product penetration. Further, rising awareness and adoption of sustainable practices among shipping companies and fleet operators will contribute to the business growth.

North America Wet Marine Scrubber Systems Market Report Attributes
Report Attribute	Details
Base Year:	2023
North America Wet Marine Scrubber Systems Market Size in 2023:	USD 1.2 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	11%
2032 Value Projection:	USD 3 Billion
Historical Data for:	2019 - 2022
No. of Pages:	300
Tables, Charts & Figures:	450
Segments covered:	Type, Fuel, Application and Country
Growth Drivers:	Growing seaborne trade activities Stringent emission regulations Technological product advancements
Pitfalls & Challenges:	High installation cost

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Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

North America wet marine scrubber systems industry size was worth USD 1.2 billion in 2023 and will grow at a 11% CAGR between 2024 and 2032, driven by region's extensive maritime trade activities, particularly in oil and gas, shipping, and transportation sectors and the stringent environmental regulations.

Offshore segment will record more than 11.5% of industry share in 2032, primarily due to the region's extensive offshore oil and gas exploration activities and the stringent environmental regulations governing maritime emissions.

The hybrid loop type wet marine scrubber systems will secure USD 1.7 billion by 2032, propelled by segment's dual capability to handle both open-loop and closed-loop operations, providing flexibility to vessels operating in various marine environments.

Major leaders including Alfa Laval AB, ANDRITZ, Clean Marine, Duconenv, DuPont Clean Technologies, Ecospray Technologies S.r.l, Elessent Clean Technologies Inc, Exxon Mobil Corporation, FLSmidth, Mitsubishi Heavy Industries, Ltd., Panasia Co, Ltd., Solvay, Valmet Corporation, Wärtsilä Corporation are operating in the North America wet marine scrubber systems industry.