Marine Scrubber Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Marine Scrubber Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : March, 2020 | Energy & Mining | PPT format

Report Digest


Global Marine Scrubber Systems Market: Overview

According to the Lloyd’s List Scrubbers Survey, in less than a year the permitted levels of sulfur in marine fuels will fall in emission control areas to 0.1% when the latest emissions regulation begins on January 1st, 2015. In the shipping transportation industries, they brigh a lot of economical values with rising a number of fleets. Unfortunately, this development always encloses to the environmental pollution issue. According to the laws of the International Maritime Organization (IMO), ships are required to reduce the emission of SOx in the water areas in the world, these areas are known as emission control areas (ECA) or SOx emission control areas (SECA). The mandated guidelines of the international organizations are estimated to create lucrative opportunities for the scrubber manufacturing companies and scrubber installations in the new ships or retrofit installations. This has led to the emergence of the global marine scrubber systems market.

The global report is based on the procurement, analysis, and exegesis of data on the industrial liquid coatings market collected from comprehensive sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. The report gives and examination of the market competition that could be experienced by players. The report discusses possible market investigation strategies for new personals and business ways that present players could take. The report is a comprehensive examination of marine scrubber systems market, its drivers, challenges, and key trends that the market is anticipated to witness.

Global Marine Scrubber Systems Market: Key Trends

The wet scrubber segment led the scrubber system market in 2017, and is expected to dominate the market during the forecast period. Wet scrubbers are effective air pollution control devices for removing particles as well as gases from industrial exhaust streams. Wet scrubbers are generally the most appropriate air pollution control device for collecting both particulates and gas in a single system.

While closed loop and hybrid systems are available for enclosed bodies of water with little water exchange or where discharges are restricted by local regulation, the ECGSA suggests open loop operators switch to low sulfur fuel for port stays where open loop operation is not possible. The cost impact is likely to be limited as over 90% of fuel consumption is during full away at sea, which is where the financial benefits of scrubber-related fuel savings really accrue.

Global Marine Scrubber Systems Market: Market Potential

In 2017, Yara Marine has been grated patent for exhaust gas cleaning scrubber technology along with the development of its inlet and mini scrubbers available for varying range of engine sizes. As the first marine exhaust gas cleaning company, it has received the EIAPP scheme B certificate, guaranteeing full compliance for the vessel’s engine and SCR system combined. For Yara, the EIAPP certificate, marks an important milestone in the company’s history as it is the first time an exclusive exhaust gas cleaning provider has been able to complete a full system test resulting in the Scheme B, emission certificate.

Global Marine Scrubber Systems Market: Regional Outlook

On the basis of geographical segmentation, the global industrial liquid coatings market has been segmented into-Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. The U.S. marine scrubber systems market will grow owing to growing concern toward limitation of overall sulphur emission rates along with extensive R&D activities to manufacture sustainable systems. Asia Pacific marine scrubber systems market is set to witness strong growth on account of rising seaborne trade activities. Rising awareness toward SOx and its impact on health coupled with strict norms to curb pollution will propel the business landscape.

Global Marine Scrubber Systems Market: Competitive Landscape

Asia Pacific marine scrubber systems market is set to witness strong growth on account of rising seaborne trade activities. Rising awareness toward SOx and its impact on health coupled with strict norms to curb pollution will propel the business landscape.

Leading vendors operating in this market include Wärtsilä, Alfa Laval, Yara, CR Ocean Engineering, AEC Maritime, Clean Marine, DuPont, Shanghai Bluesoul Environmental Technology, Mitsubishi, Fuel Tech, Johnson Matthey, SCL International, GEA, Scheuch Gmbh, Albonair, Kwangsung, FLSmidth, Fuji Electric, Damen and Ecospray Technologies.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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