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What's driving the Marine Scrubber Systems Market growth? Key Players are: Fuji Electric, DuPont, Johnson, Clean Marine, Mitsubishi, Yara, Alfa Laval, AEC Maritime, CR Ocean Engineering, Fuel Tech

06-21-2019 07:03 AM CET | Energy & Environment

Press release from: marketstudyreport.com

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Marine Scrubber Systems Market Size

Marine Scrubber Systems Market Size

Market Study Report LLC presents an extensive report on Marine Scrubber Systems market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

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.

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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.

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.

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

1.1. Methodology

1.2. Market definitions

1.3. Market estimates and forecast parameters

1.4. Data Sources

1.4.1. Primary

1.4.2. Secondary

1.4.2.1. Paid Sources

1.4.2.2. Public Sources

1.5. Abbreviations

Chapter 2. Executive Summary

2.1. Marine scrubber systems industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Technology trends

2.1.3. Fuel trends

2.1.4. Application trends

2.1.5. Regional trends

Chapter 3. Marine Scrubber Systems Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024 (USD Million)

3.3. Industry ecosystem analysis

3.3.1. Vendor Matrix

3.4. Innovation & sustainability

3.5. Regulatory landscape

3.5.1. IMO

3.5.1.1. MARPOL

3.5.1.1.1. SOx Emission Standards

3.5.2. U.S.

3.5.2.1.1. 1999 Marine Engine Rule

3.5.2.1.2. 2002 Recreational Engine Rule

3.5.2.1.3. 2003 Category 3 Engine Rule

3.5.2.1.4. 2008 Category ½ Engine Rule

3.5.2.1.5. Environment Control Areas

3.5.2.1.6. Domestic Emission Control Areas

3.5.3. Europe

3.5.3.1. Directive 1999/32/EC

3.5.3.2. Marine Fuel

3.6. Shipbuilding industry trends & outlook (2013- 2024)

3.7. Global operated fleet, by operators, 2016

3.8. Global ownership of fleet, by countries, 2017

3.9. Installation cost of scrubber systems, by vessels

3.9.1. Container vessels

3.9.2. Tankers

3.9.3. Bulk carriers

3.10. Global sulphur emissions (thousand tonnes), by leading countries, 2015

3.11. Industry impact forces

3.11.1. Growth drivers

3.11.1.1. Expansion in global seaborne trade

3.11.1.2. Stringent government regulations toward SOx

3.11.1.3. Technological advancements

3.11.2. Industry pitfalls & challenges

3.11.2.1. High installation cost

3.11.2.2. Growing demand for clean fuel

3.12. Key customer requirements

3.13. Entry barriers

3.14. Porter's analysis

3.15. Growth potential analysis

3.16. Competitive landscape, 2017

3.16.1. Company Market Share, 2017

3.16.1.1. Retrofit of SOx scrubber market share, 2017

3.16.1.2. New orders, by companies, 2017

3.16.2. Strategy dashboard

3.16.2.1. Yara

3.16.2.2. Clean Marine

3.16.2.3. Wärtsilä

3.16.2.4. Mitsubishi

3.16.2.5. Alfa Laval

3.17. PESTEL Analysis

Chapter 4. Marine Scrubber Systems Market, By Technology

4.1. Global marine scrubber systems market share by technology, 2017 & 2024

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

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