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Marine Scrubber Systems Market Key Information By Top Key Player Fuji Electric, Yara, Alfa Laval, AEC Maritime, CR Ocean Engineering, DuPont, Clean Marine, Fuel Tech, Johnson

11-29-2018 12:20 PM CET | Energy & Environment

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Marine Scrubber Systems Market, Global Marine Scrubber Systems Market Size, Marine Scrubber Systems Industry

Marine Scrubber Systems Market, Global Marine Scrubber Systems Market Size, Marine Scrubber Systems Industry

Global marine scrubber systems market is projected to witness immense growth in the coming years majorly driven by strict government regulations to control Sulphur emissions in marine bodies owing to the disadvantages of sulphur oxides. Rising concerns related to health and environmental disadvantages of sulphur emissions from ships have forced government bodies to implement strict restrictions on the usage of sulphur oxides, which will positively favor the marine scrubber system market growth.

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The smoke emitted from the combustion of marine fuel has a strong presence of sulphur oxides, which upon further oxidation can form sulphuric acid, a leading cause of acid rain. In addition to that, SOX emissions lead to the formation of secondary inorganic aerosol gases which are fatal to humans.

Stringent government norms along with penalties toward non-compliance with SOx regulation will positively impact the marine scrubber systems market. Scrubbers have effective sulphur removal technologies that eliminate SO2 by 90% and particulate matter by over 70%. Ongoing adoption of clean fuels including LNG (liquified petroleum gas) & LSFO (low Sulphur fuel oil) coupled with high deployment cost and may hinder the business growth.

The U.S. marine scrubber systems market will reach over 300 units by 2024. Ongoing innovation and research activities to develop technology in compliance with the environment regulations will enhance the business growth. Moreover, rising demand for upgrading existing ships on account of strict norms will encourage the product adoption.

Rising investments across tourism sector on account of growing disposable income, demographic shifts and improvement in living standards will accelerate the recreational marine scrubber systems market. In 2016, as per statistics of World Travel and Tourism Council, maritime tourism sector contributed over 10.2% to global GDP with a revenue generation of USD 7.6 trillion.

Europe marine scrubber systems market is predicted to grow on account of rising concerns toward limiting sulphur emission rate along with growing investments across maritime industry. Progressing research & development (R&D) activities toward product design & development coupled with availability of large number manufacturers will stimulate the business outlook. Furthermore, the compulsion for the big vessels post 2018, to report its proven annual emission data along with other required information will encourage the product adoption.

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China marine scrubber systems market is set to grow on account of flourishing shipbuilding industry along with increasing maritime trade. In addition, the ongoing investments and plans for reduction of marine pollution through defining new ECAs (Emission Control Areas) will positively influence the product penetration. The Ministry of Transport in China in 2015, established new ECAs in the nation comprising the Bohai Bay, Yangtze River Delta and Pearl River Delta.

Eminent players across marine scrubber systems market includes W?rtsil, Yara, Alfa Laval, AEC Maritime, CR Ocean Engineering, DuPont, Shanghai Bluesoul Environmental Technology, Clean Marine, Fuel Tech, Johnson, Mitsubishi, SCL International, Scheuch Gmbh, Matthey, GEA Albonair, FLSmidth, Kwangsung, Ecospray Technologies, Fuji Electric and Damen.

Table of Contents

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Marine Scrubber Systems Industry Insights

Chapter 4. Marine Scrubber Systems Market, By Technology

Chapter 5. Marine Scrubber Systems Market, By Fuel

Chapter 6. Marine Scrubber Systems Market, Application

Chapter 7. Marine Scrubber Systems Market, By Region

Chapter 8. Marine Scrubber Systems Market Company Profiles

Outer scope of this report recently, Taiwan saw the implementation of a heavy sulphur cap limiting sulphur content in fuel to 0.5%, applicable from 1 January 2019. Taiwan is reportedly enforcing the regulation ahead of IMO’s global sulphur cap of 0.5%, which is set to be implemented from 2020. The implementation of such laws across the globe amidst alarming environmental concerns will drive the demand for marine scrubber systems in the ensuing years.

Another factor worth mentioning is the increasing adoption of marine scrubbers over marine fuels with less sulphur content, which will certainly set the scrubbers systems market soaring in the next few years.

For example, Hapag-Lloyd is the latest addition to the list of companies rushing to install scrubber systems before the IMO’s global 0.5% sulphur cap becomes active.

For more information on this report at: https://www.marketstudyreport.com/reports/marine-scrubber-systems-market/?utm_source=OPR-SP

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