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Marine Scrubber Systems Market 2019 | Leading Key Players - Alfa Laval, Wärtsilä, AEC Maritime, Yara, Shanghai Bluesoul Environmental Technology, DuPont, Mitsubishi, CR Ocean Engineering, Fuji Electric, Clean Marine, Albonair
Marine Scrubber Systems
Marine Scrubber Systems Market is predicted to reach over USD 8 billion by 2024. Rising sulphur emissions from maritime industry along with growing concerns pertaining to its adverse effects on environment and health will augment the marine scrubber systems market. International Maritime Organization in january 2017, mandated a global cap of 0.5% of Sulphur content in the fuel across seaborne trade, applicable from first January 2020. Growing regulatory pressure on maritime vendors to meet environment regulations coupled with rising cost of clean fuel will stimulate the product penetration.
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The U.S. market will surpass 300 units by 2024. Ongoing research and innovations to manufacture technology in compliance with the new environmental norms will stimulate the industry growth. In addition, rising demand for retrofitting of existing vessels on account of stringent regulatory framework will encourage the product penetration.
Upsurge in investments toward tourism industry on account of increasing disposable income, improvement in standard of living and demographic shifts will boost the demand for recreational marine scrubber systems market. According to World Travel & Tourism Council, in 2016 the marine tourism industry generated a revenue of USD 7.6 trillion contributing over 10.2% to the global GDP.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Wartsila
2. Yara
3. Alfa Laval
4. AEC Maritime
5. CR Ocean Engineering
6. DuPont
7. Shanghai Bluesoul Environmental Technology
8. Clean Marine
9. Fuel Tech
10. Johnson
11. Mitsubishi
12. SCL International
13. Scheuch Gmbh
14. Matthey
15. GEA Albonair
16. FLSmidth
17. Kwangsung
18. Ecospray Technologies
19. Fuji Electric and Damen
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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.
Growing shipbuilding industry coupled with rising maritime trade activities will positively impact the China marine scrubber systems market. Ongoing plans and investments to limit ship pollution through establishing new Emission Control Areas (ECAs) will further augment the product adoption. In 2015, the Chinese Ministry of Transport established new ECAs in the country including the Pearl River Delta, Bohai Bay, and Yangtze River Delta.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
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