Scrubber System Market to Grow 12.82% Annually Through 2023 | Leading key players are DuPont, Alfa Laval, Yara Marine, Wärtsilä, B&W

According to new market research report "Scrubber System Market by Type (Wet (Design), Dry (Sorbent Mixing)), End-User (Marine, Oil & Gas, Petrochemicals & Chemicals, Pharmaceuticals, Glass, Pulp & Paper, Food & Agricultural, Wastewater Treatment), and Region - Global Forecast to 2023" The global scrubber system market is projected to reach USD 1.86 Billion by 2023. The scrubber system market is expected to grow from an estimated USD 1.02 Billion in 2018 to USD 1.86 Billion by 2023, registering a CAGR of 12.82% during the forecast period.

This growth is primarily due to the growing stringent environmental regulations to reduce atmospheric emissions

Browse 70 market data Tables and 35 Figures spread through 127 Pages and in-depth TOC on "Scrubber System Market - Global Forecast to 2023"

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Wet scrubber segment is expected to hold the largest share of the scrubber system market, by type, during the forecast period

The wet scrubber segment led the scrubber system market in 2017, and is projected to dominate the market during the forecast period. Wet scrubbers are effective air pollution control devices for removing particles as well as gases from industrial exhaust streams. Wet scrubbers are generally the most appropriate air pollution control device for collecting both particulates and gas in a single system. The wet scrubbers segment is further sub-segmented into packed bed scrubber, spray scrubber, and venturi scrubber. The soaring demand for such efficient scrubbers from the shipping industry to abide by new exhaust gas emission regulations is the factor driving the wet scrubber market.

Marine segment is expected to be the fastest growing in the scrubber system market, by end-user, during the forecast period

Marine industry is expected to be the fastest growing end-user segment during the forecasted period from 2018 to 2023. Scrubbers have been incorporated in various vessels around the globe such as roll-on/roll-off (RO-RO), ferries, cruise ships, container ships, and very large crude carriers (VLCCs) as these vessels are heavy emitters of SOx. Scrubber systems help ship owners to continue burning less expensive high-sulfur fuel while ensuring emissions are MARPOL compliant.

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Scope of the Report:

By Type
Wet Scrubber System
Wet Scrubber System, By Design
Packed Bed Scrubber
Spray Scrubber
Venturi Scrubber

Dry Scrubber System
Dry Scrubber System, By Sorbent Mixing
Dry Sorbent Injection
Spray Dryer Adsorbent
By End-user
Marine
Oil & Gas
Petrochemicals & Chemicals
Pharmaceuticals
Glass
Others (Pulp & Paper, Food & Agricultural, Wastewater Treatment, and Mining & Metallurgy)
By Region
Europe
Asia Pacific
North America
Middle East & Africa
South & Central America

Europe: The leading market for scrubber system

In this report, the scrubber system market has been analyzed with respect to five regions, namely, Europe, Asia Pacific, North America, South & Central America, and the Middle East & Africa. The European region is projected to hold the largest market share in the global scrubber system market in 2023. The IMO has set a global limit for sulfur in fuel oil used on board ships of 0.50% m/m (mass by mass) from 1 January 2020, which means that shipping companies are liable to take measures to mitigate sulfur oxide emissions generated by their ships. Meanwhile, the objective of Europe’s proposed 20-20-20 target is 20% increase in energy efficiency, 20% reduction of CO2 emissions, and 20% of the region’s energy from renewables by 2020. All these factors are expected to boost the scrubber system market in the European region.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the scrubber system market. These players include DuPont (US), Alfa Laval (Sweden), Yara Marine (Norway), Wärtsilä (Finland), and B&W (US). The leading players adopted various strategies to increase their market shares such as contracts & agreements, new product launches, and mergers & acquisitions.

Objectives of the Study

To analyze and forecast the market size of scrubber system in terms of value
To provide detailed information regarding the major factors influencing the growth of the market such as drivers, restraints, opportunities, and industry-specific challenges of the market
To define, describe, and forecast the market on the basis of type, end-use industry, by design (wet scrubber), and sorbent mixing (dry scrubber)
To forecast the expansion of the scrubber system market size with respect to main regions, namely, North America, South & Central America, Europe, the Middle East & Africa, and Asia Pacific
To strategically analyze the scrubber system market with respect to individual growth trends, future expansions, and contribution to the market
To analyze market opportunities for stakeholders and details of a competitive landscape for the market leaders
To analyze competitive developments such as contracts & agreements, mergers & acquisitions, new product developments, investments & expansions, partnerships, and collaborations in the market
To strategically identify and profile the key market players and analyze their core competencies in the market

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