Marine Scrubber Systems Market size to exceed $7bn by 2026

Marine Scrubber Systems Market is anticipated to surpass USD 7 Billion by 2026, as reported in the latest study by Global Market Insights, Inc.
 

Marine scrubber systems industry share is set to grow on account of rising consumer awareness toward environment sustainability along with introduction of strict government laws centered at limiting sulfur emissions. For instance, in January 2015, International Maritime Organization (IMO) introduced directive to reduce PM emissions and has cut the sulfur release limit to 0.10% across the ECAs. Furthermore, in 2016, the Marine Environment Protection Committee (MEPC) introduced a worldwide limit on sulfur fuel content to 0.5% which came into force on 1st January 2020.

 

Request Sample Buy NowInquiry Before Buying

 

Shifting consumer preference toward sustainable development and escalating health concerns on account of growing emissions is further set to propel the marine scrubber systems market growth. Increasing adoption of R&D projects focused on green shipping coupled with mandatory international directives to combat SOx release will complement the product adoption. Moreover, increasing frequency of ship voyage on account of surging trade along with growing implementation of stringent environment norms is projected to positively impact the business scenario.
 

Low utilization of external resources and cost efficiency is projected to fuel the dry marine scrubber systems market trends

Dry scrubber technology driven market size is set to boost on account of strict regional and international maritime regulations pertaining to the rising marine emissions. These units operate by using a dry chemical instead of any kind of liquid for removing sulphate from the gas and produce very less waste when compared to the available counterparts, in turn encouraging the product deployment.
 

Closed loop wet scrubbers market size is set to grow owing to ongoing upgradation in the product features driven by rising funds attributed to research and development activities. These units operate on re-circulated seawater to wash sulfur content thereby minimizing the total cost incurred. In addition, less payback period along with the ability to provide cost efficiency and facilitate low energy consumption is projected to encourage the business outlook.
 

Browse key industry insights spread across 610 pages with 1,071 market data tables & 39 figures & charts from the report, “Marine Scrubber Systems Market Analysis By Technology (Wet Technology {Open Loop, Closed Loop, Hybrid}, Dry Technology), By Fuel (MDO, MGO, Hybrid), By Application (Commercial {Container Vessels, Tankers, Bulk Carriers, RO-RO}, Offshore {AHTS, PSV, FSV, MPSV}, Recreational {Cruise Ships, Ferries, Yachts}, Navy), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026”in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/marine-scrubber-systems-market
 

Easy availability and economic viability of diesel will drive the market growth for MDO fueled units

High sulfur content in heavy fuel along with stringent regulatory norms with an aim to limit PMs and SOx by ships is projected to encourage the product installation. Rising focus toward emissions by ships along with mounting urgency to conform to the sulfur reduction norms may adversely impact the MDO units. However, allowance of MDO utilization along with scrubber technology in the ship is complementing the product penetration.
 

Increasing commercial activities following flourishing trade and tourism sector is anticipated to drive commercial marine scrubber systems market share

Intensifying government funding with an overarching aim of augmenting the national security coupled with the expansion of shipping line driven by booming cross-border trade is projected to stimulate the product deployment. Ongoing industrialization across the emerging economies coupled with rising long international voyage will drive the industry scenario. Further, increasing emissions on account of thriving maritime transportation sector coupled with rising health and environment protection concerns is set to stimulate the marine scrubber systems market statistics.
 

Growing shipbuilding activities and adoption of stringent government policies is projected to drive the business growth across European nations

Italy witnessed a CAGR of over 100% from 2015 to 2019 owing to the implementation of strict emission control norms coupled with ongoing investment & innovation focused toward producing sustainable units. Growing ship building activities following booming global maritime trade and escalated ship medical tourism is set to strengthen the business outlook. Shifting consumer preference pertaining to environment sustainability in line with growing retrofitting activities across the shipping yards for installation of marine scrubbers will further augment the industry demand.
 

Major players functioning across the marine scrubber systems market include Kwangsung, Alfa Laval, Hamon Research, Damen Shipyards, VDL AEC Maritime, CR Ocean Engineering, DuPont, Clean Marine, Yara, Shanghai Bluesoul, Mitsubishi, Wärtsilä, Fuji Electric, SAACKE, Ecospray Technologies and Valmet amongst others. Strategic alliance including joint ventures and M&A coupled with technical innovations are some key initiatives undertaken by the leading participants in order to sustain their market share.
 

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X