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Marine Scrubber Systems Market 2020 : Growth Analysis and Trends Forecast to 2026

02-05-2020 07:22 AM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Marine Scrubber Systems Market 2020 : Growth Analysis and Trends

According to Global Market Insights, Inc., the global marine scrubber systems market is expected to register an annual installation of 2 thousand units by the year 2026.

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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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.

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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.

Regulatory compliance toward the 0.5% of sulphur cap coupled with high sulphur levels in marine diesel oil will positively impact the product demand. Moreover, rising awareness toward growing marine emissions coupled with the development of advanced hybrid scrubber systems will complement the industry landscape.

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.

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 Wartsila, 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.

Related Report
Busbar Market Report, Competitive Analysis 2019-2024
https://www.marketwatch.com/press-release/2019-busbar-market-to-garner-substantial-proceeds-from-industrial-applications-2019-07-30

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email:?sales@gminsights.com

About Global Market Insights
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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