Huge Demand of Global Marine Scrubber Systems Market during 2021-2030
According to Persistence Market Research, the global marine scrubber systems market is expected to register a CAGR of over 20% between 2021 and 2030.
The basic objective of marine scrubber systems is that of treating engines’ exhaust stream with either fresh water or sea water through hydrated granules (lime-treated), so that the exhaust stream of SOx could be cleansed and non-toxic exhaust in line with emission regulation norms could be released in open environment either on land or later or in the sea.
The IMO (International Maritime Organization) states that ships need to reduce SOx outside as well as inside SECAAs (Sulfur Emission Control Areas). Also, norms have been introduced by MARPOL with the objective of preventing pollution in the sea by toxic constituents. This stringency is expected to witness EGC (Exhaust Gas Cleaning) technology being installed, thereby driving the marine scrubber systems market from 2020 to 2030.
The marine scrubber systems are reported to eliminate SO2 by 90% and particulate matters by 70%. The business outlook is expected to be complemented further by awareness regarding health hazards caused by SO2 emission. In 2016, the Marine Environment Protection Committee (MEPC) did pass an order limiting sulphur fuel content to 0.5%. It came into effect from Jan 1, 2020.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Mitsubishi Heavy Industries, Ltd., CR Ocean Engineering, LLC, Feen Marine Scrubbers Inc., VDL AEC Maritime, Valmet Corporation, Fuji Electric Co. Ltd., Yara International, Clean Marine, SAACKE, Damen Shipyards Group N.V., Alfa Laval, and Kwangsung Co and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Marine Scrubber Systems.
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Something More about Marine Scrubber Systems Market to Look into
The marine scrubber systems market is witnessing growth in demand for MGO (Marine Gas Oil) due to the ability of emitting sulphur in lower concentrations. This fuel is penetrating across various locations like the Caribbean Sea, the North Sea, the North American Waters, and the Baltic Sea. This has expanded the industry landscape further. The SECAs are increasingly adopting the oil.
Moreover, the commercial applications hold a significant market share. They are inclusive of bulk carriers, tankers, roll off/roll on ships, and container vessels. Plus, retrofit existing vessels are creating ripples. However, they being costlier than their counterparts could limit their usage, still, retrofit vessels will find their way as 2020 regulations need to be adhered to.
Coming to technology, wet technology is expected to rule the marine scrubber systems market. Furthermore, closed loop, open loop, hybrid technologies, out of which open loop technology is the most preferred one.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Marine Scrubber Systems Market Manufacturers
Marine Scrubber Systems Market Distributors/Traders/Wholesalers
Marine Scrubber Systems Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Marine Scrubber Systems Market Report:
- The Marine Scrubber Systems Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Marine Scrubber Systems Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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