Proficient Market has published a new report titled “Marine Scrubber Market”. According to the report, Global Marine Scrubber Market in 2016 stood at USD 582.99 million and is expected to reach USD 811.76 million by 2022 growing at a CAGR of 5.9% from 2017 to 2022.
The majority of ships worldwide operate by engines and boilers that is powered by heavy fuel oil. This results in combustion in which exhaust gases are emitted. While the exhaust gases contain soot and sulfur oxides that pollute the environment. The Ship Exhaust Gas Scrubber exhaust gas cleaning reduces Sulphur (SO and particulate emissions from ship engines, generators, and boilers. While, the Ship Exhaust Gas Scrubber should enable ships to meet Sulphur emission limits as needed by IMO MARPOL Annex VI regulations without switching to Low-Sulphur fuel.
Marine Scrubber Market: Key Players
The research study includes profiles of leading companies operating in the global marine scrubber market. Key players profiled in the report include: Wartsila, Alfa Laval, EcoSpray, Yara Marine Technologies, Belco Technologies, CR Ocean Engineering, AEC Maritime, Langh Tech, Valmet, Fuji Electric, Clean Marine, SAACKE, Puyier, Shanghai Bluesoul, Others.
Drivers for the Global Marine Scrubber Market:
The Marine Gas Oil (MGO) fuel is growing due to its ability to generate comparatively low concentrations of sulfur and particulates in the atmosphere. The increased penetration of the fuel across various locations including the polar regions have further enhanced the industry landscape. While the fuel is a blend of heavy gas oil, that is in a higher price range in comparison to its counterparts. The increased adoption of the fuel by ship owners, especially in SECAs, is stimulating the demand for scrubbers. Due to the rising concerns toward the environmental protection coupled with strict IMO norms. Further, the growing need to meet the new ECA regulations has encouraged the shipping companies to develop new technologies with an aim to combat pollution. Thus all these factors are stimulating the growth of this market.
Opportunities for the Global Marine Scrubber Market:
Global marine scrubber systems market share is set to witness growth due to increasing sulfur emission from ships along with rising concern toward pollution by ships during forecast period. According to the International Maritime Organization (IMO) directives, ships are needed to reduce Sox both inside & outside Sulfur Emission Control Areas (SECAs). Moreover, MARPOL has introduced norms with an aim for preventing pollution in sea by fuel & other toxic constituents. Stringency in the norms is anticipated to drive the installation of Exhaust Gas Cleaning (EGC) technology known as scrubbers. However, rising concerns related to environment sustainable development, adverse effects of SO2 emissions on human health and increasing R&D initiatives toward green shipping will complement the business outlook in forecast period.
Restrains for the Global Marine Scrubber Market:
The high installation cost & growing demand for clean fuel are the factors which can hamper the growth of the global scrubber market. While the changes in norms & rules & regulation such as by the International Maritime Organization (IMO) directives, ships are needed to reduce Sox both inside & outside Sulfur Emission Control Areas (SECAs) this norm can hamper the market. Thus all these factors are responsible for hampering the growth of the market.
region wise, global marine scrubber Market Analysis:
Report covers the region wise analysis, global marine scrubber can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia- Pacific leads the global marine scrubber market share which is followed by North-America & Europe. While the Asia- Pacific leads the global marine scrubber market share due to the Rapid industrialization along with a positive outlook toward commercial application is driving the Asia Pacific marine scrubber systems market size. Rapid rise in shipbuilding activities especially in China, South Korea, and Japan is stimulating the product demand. Additionally, demographic shifts in the urbanization along with the rising cross-border transport will enhance the industry landscape. Besides this, increasing emission of Sox, and PMs from marine industry along with its effect on the environment followed by stringency in legislations with an aim to combat the pollution is stimulating the product deployment. Furthermore, ongoing FDI flow on account of tax inversions, cross-border mergers, and M&A’s is complementing the business growth.
Global Marine Scrubber Market: Product analysis
- Open Loop Scrubbers
- Closed Loop Scrubbers
- Hybrid Scrubbers
Global Marine Scrubber Market: Application analysis
- Retrofit
- New Ships
- Others
Global Marine Scrubber Market: Region analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- ASEAN
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Colombia
- Rest of L.A.
- Middle East and Africa
- Turkey
- GCC
- UAE
- South Africa
- Rest of Middle East
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