Press release
Scrubber System Market Forecast to Surpass $6.7 billion by 2027 | Alfa Laval, Wartsila, GEA, Babcock & Wilcox
According to a new market research report, the global scrubber system market is projected to grow from USD 5.0 billion in 2022 to USD 6.7 billion by 2027, at a CAGR of 6.1%, from 2022 to 2027. Rising concerns regarding emissions and the formulation of various environmental protection laws and mandates to reduce the same on a global level have increased the need to undertake measures on air pollution control, which is likely to increase the usage of scrubber systems.Key Market Players:
The scrubber system market is served by a mix of large international players with operational presence across the globe and local players commanding a strong supply network in the domestic market. The leading players in the global scrubber system market include Alfa Laval (Sweden), Wartsila (Finland), GEA (Germany), Babcock & Wilcox (US), and Valmet (Finland). Strategies such as product launches, contracts, agreements, partnerships, collaborations, alliances, acquisitions, and expansions are followed by these companies to increase their market share.
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This research report categorizes the scrubber system market by product type, end-user industry, application, orientation, and region
On the basis of by product type:
Wet Scrubber System
Dry Scrubber System
On the basis of end-user industry:
Marine
Oil & Gas
Chemical & Petrochemical
Pharmaceutical
Glass
Power Generation
Metal & Mining
Food, Beverage, & Agriculture
Water & Wastewater Treatment
Others
On the basis of application:
Particulate Cleaning
Gaseous/Chemical Cleaning
On the basis of orientation:
Horizontal
Vertical
On the basis of region:
Asia Pacific
Europe
North America
Middle East & Africa
South America
Chemical & petrochemical segment, by end-user industry, is expected to third largest segment during forecast period
By end user industry, the scrubber system market has been segmented into marine, oil & gas, metal & mining, power generation, chemical & petrochemical, food, beverage, & agriculture, glass, pharmaceutical, water & wastewater treatment, and others. Chemical & petrochemical is expected to be the third largest segment during the forecast period. A strong global demand for oil and gas shifting towards petrochemicals, in the upcoming years, away from motor fuels gasoline and diesel is expected to the drive the market for scrubber systems.
Europe is expected be the second fastest growing segment in the scrubber system market during the forecast period
In this report, the scrubber system market has been analyzed for five regions, namely Asia Pacific, North America, Europe, Middle East & Africa, South America. Europe is expected to be the second fastest growing segment during the forecast period. The developments in the chemical industry in the region are supporting the demand for scrubber systems due to the need to control pollution caused by toxic gases, particulates, and chemicals produced as a by-product of manufacturing.
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Objectives of the Study
To define, describe, analyze, and forecast the size of the scrubber system market, by product type, by application, end-use industry, and by orientation in terms of value
To provide detailed information on the major drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market
To provide detailed information on market map, value chain, case studies, technologies, market ecosystem, tariff and regulatory landscape, Porter's five forces, and trends/disruptions impacting customers' businesses that are specific to the market
To analyze market opportunities for stakeholders in the market and draw a competitive landscape for the market players
To benchmark players within the market using the company evaluation quadrant, which analyzes market players on various parameters within the broad categories of business excellence and strength of product portfolio
To compare key market players with respect to the market share, product specifications, and end users
To strategically analyze micromarkets1 with regard to individual growth trends, prospects, and contributions to the total market
To strategically profile the key players and comprehensively analyze their market shares and core competencies2
To track and analyze competitive developments in the scrubber system market, such as expansions, product launches, and acquisitions
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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