Marine Emissions Control Systems Market by key players are: DEC Marine, Yara Marine Technologies, Damen, Johnson Matthey, Hitachi Zosen, Kwangsung, ANDRITZ Group, Tenneco, AEC Maritime, Fuji Electric, Wärtsilä, DuPont

Market Overview: -

Marine Emissions Control Systems Market size will witness an appreciable growth on account of increasing stringency of international standards on sulfur emissions. The 2020 International Maritime Organization (IMO) regulation requires the use of marine fuels having a sulphur content limit of 0.5%S against the present limit of 3.5%S. Several R&D initiatives focused on green shipping, notably the Maritime Environmental and Technical Assistance (META) Program will further complement the business landscape.

Rising costs of compliances along with increasing legislative pressure on the shipping companies to meet new environmental regulations will stimulate the marine emissions control systems market. According to the recent OECD estimates, cleaner fuels will annually cost upto USD 30 billion to the container shipping industry. Rapid technological advancements to retrofit the existing fleet in compliance with key emissions standards will further fuel the industry growth.

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Top Key Players: -

U.S. marine emissions control systems market is anticipated to witness a robust growth on account of stringent emissions and fuel quality requirements. The IMO has designated seawaters along Canadian and the U.S. shorelines as the North American Emission Control Areas (ECAs) for the sturdy reduction in NOx And SOx emissions.

Market share calculation in this report is not done based on companies covered in it. The calculation of emissions control systems market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

U.S. marine emissions control systems market is anticipated to witness a robust growth on account of stringent emissions and fuel quality requirements. The IMO has designated seawaters along Canadian and the U.S. shorelines as the North American Emission Control Areas (ECAs) for the sturdy reduction in NOx And SOx emissions.

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Increasing seaborne trade accompanied by growing air pollution will drive the global marine emissions control systems market. According to UNESCO, ships account for over 15% of global Nitrogen Oxide (NOx) emissions and 8% of the global Sulphur Oxide (SOx) emissions annually. Expanding manufacturing and export base, notably led by Japan and China will further favor the business scenario.

Selective Catalytic Reduction (SCR) segment is anticipated to dominate the global marine emissions controls systems market. Relatively simpler installation, operational proficiency along with ability to offer optimum fuel economy are some of the underlying features supporting the technology’s superiority over the other counterparts.

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