Marine Scrubber Systems Market Size and Latest Innovations with Key Players are Mitsubishi Heavy Industries, Wartsila, Valmet, Alfa Laval, DuPont, Fuji Electric

Market Study Report LLC recently added a new title on 2020-2026 Global Marine Scrubber Systems Market Report from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2026.

Rising seaborne trade coupled with booming shipbuilding industry are major factors driving marine scrubber systems market growth. There has been an upsurge in demand for scrubbers across navy, recreational, offshore, and commercial establishments. Moreover, growing demand for reconstruction activities of existing vessels in consort with rapid industrialization, especially in emerging economies, are aiding the expansion of the market. The market is presumed to further expand due to increasing long distance voyages and rapid industrialization.

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The global marine scrubber systems market is expected to register an annual installation of 2 thousand units by the year 2026. Strict government policies pertaining to SOx emissions and favorable government incentives for the deployment of such systems are facilitating the business scenario. Increasing FDI (Foreign Direct Investment) on account of tax inversions and cross-border mergers will further boost the product penetration.

In terms of technology, hybrid technology segment is presumed to expand substantially during the forecast period. Increasing environment awareness coupled with strict government reforms regarding emission standards are favoring the adoption of hybrid technology powered marine scrubber systems.

As per fuel type, MDO scrubber systems market segment is estimated to register a lucrative growth graph during the estimated timeframe. Factors such as easy installation, minimal maintenance, and low up-front costs are fueling the segmental growth. Increasing consumption and limited availability of gas oil are leading to rising adoption of MDO scrubber systems.

Due to the strict environmental regulations introduced by IMO and the respective government agencies, the fuel is facing challenges in overcoming the downside of existing emission levels. However, favorable incentives pertaining to the use of MDO as fuel along with scrubber systems in shipping industry are positively impacting the industry growth from MDO segment.

Yara, MAN Energy Solutions, and W?rtsil? are some of the prominent companies operating in the marine scrubber systems industry. Increasing investment in R&D activities has led to technological advancements in marine scrubber systems. Thus, product innovations and R&D investments are estimated to facilitate the competitive landscape of marine scrubber systems market through 2026.

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Speaking of the application spectrum, estimates claim that recreational application segment is presumed to expand significantly in the forthcoming years. Evolving lifestyles, rising per capita income, and demographic changes have amplified the demand for luxury and comfort centric products and services. This factor in tandem with surging expenditure on cruise ship industry is adding to the revenues from maritime industry which in turn is stimulating the product adoption. Moreover, strict government norms and increasing awareness pertaining to emission mitigation are propelling the growth of marine scrubber systems market.

As per regional analysis, North America marine scrubber systems industry is predicted to stand tall in the global hierarchy with U.S. as a major revenue pocket. Rising disposable income along with growing rebuilding activities in shipping yards are contributing towards the popularity of the product across the region. Surging investments on strengthening navy security and rising development of advanced shipping line are boosting the North America marine scrubber systems market growth.

Table of Contents:
Chapter 1 Methodology & 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 market 360 degree synopsis, 2015 - 2026

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 Market Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2015 - 2026 (USD Million)

3.3 Industry ecosystems analysis

3.3.1 Vendor matrix

3.4 Innovation & sustainability

3.4.1 Mitsubishi

3.4.2 Alfa Laval

3.4.3 Damen

3.4.4 W?rtsil?

3.4.5 DuPont

3.4.6 Clean Maritime

3.4.7 YARA Marine

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 rules

3.5.2.1.4 2008 Category ? Engine Rules

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 industries trends & outlook (2015-2026)

3.7 Global operated fleet, by operators, 2016

3.8 Global ownership of fleet, by countries, 2017

3.9 Scrubber systems cost, by vessels

3.9.1 Container vessels

3.9.2 Tankers

3.9.3 Bulk carriers

3.10 Global sulfur 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 regulatory framework related to emissions

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, 2018

3.16.1 Company Market Share, 2018

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 W?rtsil?

3.16.2.4 Mitsubishi

3.16.2.5 Alfa Laval

3.16.2.6 Damen

3.17 PESTEL Analysis

Chapter 4 Marine Scrubber Systems Market, By Technology

Chapter 5 Marine Scrubber Systems Market, By Fuel

Chapter 6 Marine Scrubber Systems Market, By Application

Chapter 7 Marine Scrubber Systems Market, By Region

Chapter 8 Marine Scrubber Systems Market Company Profiles

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