Marine Emission Control System Market Size worth $14bn by 2024

Marine Emission Control System Market size will surpass USD 14 billion by 2024, as reported in the latest study by Global Market Insights, Inc.
 

Stringency in the government mandates pertaining maritime pollution coupled with rising environment & health concerns will drive the marine emission control system market growth. The IMO has launched a directive with an aim to reduce nitrogen oxide emissions by diesel engine vessels, built or installed on and after 1st January 2016. In addition, the IMO further declared global sulfur limit in 2016, reducing the sulfur content in fuel to 0.5%, that will go into effect from 1st January 2020.

 

Request Sample Buy NowInquiry Before Buying


 

Growing trade activities along with advancements in emission control technology will propel the product installation. Restructuring of the old vessels to build sustainable systems coupled with healthy orderbook & growing ship building industry will positively impact the business landscape. Imposition of monetary penalties in the instance of non-compliance to directives will further complement the marine emission control system market outlook.
 

China marine emission control system market is set to grow on account of increasing FDI flow coupled with cross-border mergers, acquisitions and tax inversions. The Chinese Ministry of Transport, on 3rd July 2018, published requirements with an aim to limit NOx emissions. The norms are applicable on engines imported and converted for domestic trade on & after 1st September 2018.
 

Marine Emission Control System Market

Get more details on this report by requesting a free sample copy
 

Installation of scrubber systems will witness an upsurge in demand owing to long term operational flexibility and less payback period. Hybrid scrubber system’ ability to treat high temperature and gas streams will positively impact the marine emission control system market share. In addition, increasing IMO directives to combat SOx emissions from marine industry along with R&D initiatives toward green shipping will complement the business outlook.
 

Browse key industry insights spread across 480 pages with 904 market data tables & 10 figures & charts from the report, “Marine Emission Control Systems Market Size By Technology [SCR, Scrubber {Wet (Open Loop, Closed Loop, Hybrid), Dry}, ESP {Wet, Dry}], By Fuel [MDO, MGO, Hybrid], By Application [Commercial, Offshore, Recreational, Navy],), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, Norway, France, Russia, Denmark, Netherlands, China, Japan, India, South Korea, Australia, Vietnam, Indonesia, Saudi Arabia, UAE, South Africa, Angola, Brazil, Argentina, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/marine-emissions-control-systems-market

 

Recreational applications are anticipated to grow on account of rising disposable income and improvement in living standards. Ongoing investments in the development of tourism sector along with increasing demand for comfort and luxury will positively impact the marine emission control system market size.
 

Commercial applications will witness growth owing to stringent government mandates coupled with rising cross-border trade and long international voyage. Ongoing replacement and upgradation of old vessels with an aim to adopt sustainable systems is further projected to drive the marine emission control system market growth.
 

The U.S. marine emission control system market will grow on account of ongoing R&D activities coupled with introduction of standards toward system operation, construction and inspection. Growing demand for commercial and navy vessels along with implementation of strict IMO protocols will foster the industry growth. MEPC strategy to limit the marine emissions and reduce the pollution by 50% by 2050 will further accelerate the product demand.
 

Some of the major marine emission control system market participants include Wärtsilä, Yara, Alfa Laval, DEC Maritime, Clean Marine, DuPont, Shanghai Bluesoul, Niigata Power System, Mitsubishi, Fuji Electric, Johnson Matthey, Kwangsung, Tenneco, Damen Shipyards, Ecospray Technologies and H+H Engineering.
 

Marine emission control system market research report includes in-depth coverage of the industry with estimates & forecast in terms USD & units from 2013 to 2024, for the following segments:

Marine Emission Control System Market, By Technology

  • SCR
  • Scrubber
    • Wet
      • Open loop
      • Closed loop
      • Hybrid
      • Others
    • Dry
  • ESP
    • Wet
    • Dry
  • Others

Marine Emission Control System Market, By Fuel

  • MDO
  • MGO
  • Hybrid
  • Others

Marine Emission Control System Market, By Application

  • Commercial
  • Offshore
  • Recreational
  • Navy
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • Italy
    • Norway
    • France
    • Russia
    • Denmark
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Vietnam
    • Indonesia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Angola
  • Latin America
    • Brazil
    • Argentina
    • Mexico

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info. I Agree