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North America Wet Marine Scrubber Systems Market Trends

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

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North America Wet Marine Scrubber Systems Market Trends

Ongoing development of hybrid and closed-loop configurations along with improvements in system efficiency and reliability, will enhance the adoption of scrubber solutions among ship operators. Growing availability of abundant scrubbing mediums, across the region, reduction in operational costs associated with scrubber installations will ensure sustainable operations thereby propelling the product demand. Moreover, financial incentives and subsidies offered by governments and regulatory bodies to promote emission reduction technologies which will strengthen the business statistics.

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.