Marine Scrubber System Market To Witness Increase In Revenues By 2030
Marine
Scrubber System Market Overview:
Marine Scrubber System Market size is projected to reach USD 12,035 Million by 2030 at 10.1% CAGR
between 2022 and 2030.
Our Market Overview and
Regional Analysis provide an understanding of the industries, companies and
products within the market. Our Trends section provides an analysis of how the
market is currently performing and looks set to perform in the future. Our
Growth Forecast section gives you an idea about how our Market Analysis works,
by giving us further details on how we can build our Market Forecast model for
a particular domain within this report. Lastly, in our Metrics section we
outline important data points relating to each of these sections as well as our
current forecasted price range.
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Market Segmentation
The global Marine Scrubber System market has been
bifurcated based on application, fuel, and technology.
By technology, the dry technology will lead the
market over the forecast period at a highest CAGR owing to its various perks
such as no production of liquid effluent, emissions substantially, and a
reduction in NOx emissions.
By fuel, the MGO segment will dominate the market
over the forecast period owing to the ability for generating comparatively less
quantity of sulfur concentrations in the atmosphere.
By application, the recreational segment will
spearhead the market over the forecast period. Increasing participation in
leisure activities including international voyage and cruise variations driven
by rising per capita income is adding to the growth of the segment.
Regional Analysis
Europe to Spearhead Marine Scrubber System
Market
Europe will spearhead the Marine Scrubber System
market over the forecast period. Rising environmental concerns supported by
strict government regulations, growing focus on reducing sulfur emissions from
marine vessels, environmental norms and subsidies on installation of scrubbers,
rising awareness about Sox and its impact on health, strict norms to curb
pollution, and the presence of some of the world’s largest commercial shipping
line owners in Greece, Nordic countries and other parts of the region are
adding to the global Marine Scrubber System market share in the region.
APAC to Have Favorable Growth in Marine Scrubber
System Market
The APAC region will have favorable growth in the
market over the forecast period. Rapid industrialization, growing commercial
activities chiefly across South Korea, Japan, and China, growing initiatives to
curb regional pollution, the growing preference for green shipping, adoption of
sustainable marine systems, shifting inclination of end users towards
commercial application, growing ship building activities in South Korea, China,
and Japan, and growing adoption of sustainable systems are adding to the global
Marine Scrubber System market growth in the region. Besides, the ongoing FDI
flow for mergers and acquisitions, tax inversions, and cross-border mergers,
and growing demand from large merchants and commercial fleet owners are also
adding market growth.
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Key Players
Eminent players profiled in the global Marine Scrubber System industry report include Kwangsung Co., Ltd. (Mexico), Alfa Laval (Sweden), Hamon Research-Cottrell, Inc. (Belgium), CR Ocean Engineering (US), Damen Shipyards Group N.V. (Netherlands), VDL AEC Maritime B.V. (Netherlands), Langh Tech Oy Ab (Finland), Ecospray Technologies S.r.l. (Italy), DuPont (US), Yara International ASA (Norway), Clean Marine AS (Norway), Shanghai Bluesoul Environmental Technology Co., Ltd. (China), Fuji Electric Co., Ltd. (Japan), Mitsubishi Heavy Industries, Ltd. (Japan), and Wartsila (Finland).
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