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Offshore Marine Scrubber Systems Market Size

  • Report ID: GMI8879
  • Published Date: Apr 2024
  • Report Format: PDF

Offshore Marine Scrubber Systems Market Size

Offshore Marine Scrubber Systems Market size was valued at USD 1.4 billion in 2023 and is anticipated to grow at a CAGR of 9.8% between 2024 and 2032. These are emission control devices installed on marine vessels operating in offshore environments including oil rigs, drilling platforms, support vessels, and offshore wind farms. These systems are designed to reduce harmful pollutants, and particulate matter, from the exhaust gases generated by ship engines.

 

Stringent environmental regulations imposed by international bodies to reduce harmful emissions from marine vessels, will boost the product penetration. Growing awareness about the adverse health effects of air pollution, both on crew members and coastal communities will incentivize shipowners to invest in scrubber technologies to reduce emissions of pollutants. Further, the cost-effectiveness of scrubber systems in comparison to alternative compliance methods, including switching to low-sulfur fuel, will enhance the business landscape.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of offshore marine scrubber systems recorded USD 1.4 billion in 2023 and is set to witness 9.8% CAGR from 2024 to 2032, due to the rising awareness about the adverse health effects of air pollution and strict regulations imposed by international bodies to reduce harmful emissions from marine vessels.

The wet technology segment will account for over USD 2.9 billion by 2032, owing to their high effectiveness in removing sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter from exhaust gases.

Asia Pacific market size is projected to be worth more than USD 1.7 billion by 2032, accrued to the thriving maritime industry, increasing seaborne transportation, and growing offshore energy exploration and production activities.

ABB, ANDRITZ, ALEC Energy, Damen Shipyards Group, Eaton, Fuji Electric Co., Ltd., General Electric, Hitachi Energy Ltd., Keppel Offshore & Marine Ltd, KwangSung, MITSUBISHI HEAVY INDUSTRIES, LTD., Schneider Electric, SAACKE GmbH, VDL AEC Maritime B.V., Wartsila are some of the major offshore marine scrubber systems companies worldwide.

Offshore Marine Scrubber Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 670
  • Countries covered: 12
  • Pages: 410
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