[Update Available] Scrubber System Market to Reach $13.86 Billion

Allied Market Research has recently released a report titled "Scrubber System Market," covering end-user industries such as Energy & Power, Metal, Construction, construction materials including Metal-based and Non-metal based, and product types like Dry scrubbers, Wet scrubbers, and Electrostatic precipitators, offering a global opportunity analysis and industry forecast for 2022-2031. The report reveals that the global scrubber system industry generated $8.47 billion in 2021 and is projected to reach $13.86 billion by 2031, with a CAGR of 4.8% from 2022 to 2031.

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Key Growth Drivers:
The growth of the global scrubber system market is primarily driven by the rising demand for products in sectors such as food & beverage, oil & gas, and pharmaceuticals, coupled with an increase in manufacturing facilities. However, the market faces constraints due to the high initial costs of these systems. Despite these challenges, opportunities for growth are presented through increased product launches and acquisitions by key market players.

Impact of Covid-19:

The Covid-19 pandemic had a positive impact on the global scrubber system market due to the implementation of global lockdowns. However, various manufacturers were forced to halt their operations in countries such as China, the U.S., and India, leading to disruptions in production facilities, hampering overall market growth. Supply chain disruptions, labor shortages, and raw material unavailability further negatively influenced the market. Nevertheless, with the reopening of production facilities and the introduction of Covid-19 vaccines, the market is expected to recover post-pandemic.

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Segmentation Highlights:

End-User Industry: Energy & Power Leads in Growth

The energy & power segment is expected to manifest the highest CAGR of 5.4% from 2022 to 2031, driven by increased industrialization and the demand for scrubber systems to mitigate the negative impact of industrial emissions on the environment.

Construction Material: Metal-based Dominates

The metal-based segment accounted for the largest share in 2021, contributing nearly three-fourths of the global scrubber system market.

The non-metal based segment is expected to portray the largest CAGR of 5.4% from 2022 to 2031, driven by the rise in the manufacturing and processing industry.

Product Type: Electrostatic Precipitators Lead

The electrostatic precipitators segment accounted for the largest share in 2021, contributing more than three-fourths of the global market.

The dry scrubbers segment is expected to portray the largest CAGR of 6.7% from 2022 to 2031, owing to multiple cell side options, high clean air delivery rate, and low energy consumption.

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Region: Asia-Pacific Dominates; LAMEA Shows Fastest Growth

Asia-Pacific held the highest market share in 2021, accounting for nearly two-fifths of the global market, driven by the rise in the manufacturing industry and various government initiatives.

The LAMEA region is expected to witness the fastest CAGR of 5.8% from 2022 to 2031, attributed to urbanization and industrialization.

Leading Market Players:

Babcock & Wilcox Enterprises, Inc., Alfa Laval Anguil, CECO ENVIRONMENTAL, DuPont de Nemours Inc., Evoqua Water Technologies LLC, Fuji Electric Co. Ltd, HAMON, Kono Koggs Inc., Nederman Holding AB, Pollution Systems, Tri-Mer Corporation, The Clean Air Group LLC, Valmet, Verantis, Wartsila, Yara Marine

For More Information: https://www.prnewswire.com/news-releases/scrubber-system-market-to-reach-13-86-billion-globally-by-2031-at-4-8-cagr-allied-market-research-301610976.html

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