Press release
Global Marine Scrubber Systems Market to Reach $11.96 Billion by 2029, Growing at 14% CAGR
What combination of drivers is leading to accelerated growth in the marine scrubber systems market?The expectation of rising demand for watercrafts used in maritime or oceanic environments is bound to drive the expansion of the marine scrubber systems market. This surge in need for maritime vessels will also generate a higher demand for scrubber systems, which are instrumental in decreasing emissions of air pollutants, mainly sulfur dioxide (SO2), produced from the burning of fuels like heavy fuel oil. For example, Eurostat, a government agency based in Luxembourg, stated in July 2024 that the gross weight of goods transported by sea in the European Union rose to 893.97 million tonnes in the second quarter of 2022, up from 851.28 million tonnes during the same quarter in 2021. As a result, the escalating demand for maritime vessels is fueling the expansion of the marine scrubber systems market.
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What is the projected compound annual growth rate (CAGR) of the marine scrubber systems market from 2025 to 2034, and what factors influence it?
The market size for marine scrubber systems has seen an accelerated expansion in recent times. The market is projected to escalate from $6.21 billion in 2024 to $7.13 billion in 2025, boasting a compound annual growth rate (CAGR) of 14.8%. The growth observed in the historical period can be credited to strict emissions regulations, savings on fuel costs, adherence to environmental sustainability, an increase in global trade, compliance with sulfur emissions, and flexibility in fuel usage.
The market for marine scrubber systems is poised for rapid expansion in the coming years, with expectations for it to reach $11.96 billion by 2029, displaying a compound annual growth rate (CAGR) of 13.8%. This significant surge during the forecast period is projected to be driven by several factors, including heightened regulatory requirements, increased bunker fuel costs, worldwide sustainability efforts, expanded emission control regions, and integration of new technologies. Key trends for these years encompass the retrofitting of scrubber systems onto pre-existing vessels, the creation of compact and modular scrubber structures, the implementation of exhaust gas purifying systems for two-stroke engines, emphasis on managing waste from scrubbers, and collaboration within the industry for research and innovation.
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How are the latest trends influencing the growth of the marine scrubber systems market?
The marine scrubber systems market is witnessing a rise in product innovation as a key trend. Firms in this market are working on creating unique product offerings to secure their place in the industry. As seen when Wärtsilä, an industrial machinery manufacturing company based in Finland, launched its carbon capture and storage (CCS)-Ready scrubber systems in March 2023. This marked a major shift in controlling maritime emissions, with their first order being secured. The order included equipping three container vessels belonging to Leonhardt & Blumberg, a German operator, with scrubbers designed to comply with current sulfur oxide (SOx) emissions regulations, as well as prepping for future CCS integration. The CCS-Ready scrubbers provide dual functionality, heightening operational efficiency and setting up vessels for adherence to future greenhouse gas (GHG) reduction regulations. This proactive methodology is indicative of the maritime industry's push to combat growing environmental and regulatory challenges.
What are the major segments of the marine scrubber systems market and their role in driving growth?
The marine scrubber systems market covered in this report is segmented -
1) By Technology: Wet Technology, Dry Technology
2) By Fuel: Marine Diesel Oil (MDO), Marine Gasoil (MGO), Hybrid, Other Fuels
3) By Application: Commercial, Offshore, Recreational, Navy, Other Applications
Subsegments:
1) By Wet Technology: Open Loop, Closed Loop, Hybrid
2) By Dry Technology: Dry Scrubbers, Other Dry Technologies
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Which regions are key players in the growth of the marine scrubber systems market?
North America was the largest region in the global marine scrubber systems market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global marine scrubber systems market during the forecast period. The regions covered in the marine scrubber systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the marine scrubber systems market?
Major companies operating in the marine scrubber systems market include Wärtsilä Oyj Abp, Alfa Laval AB, Yara International ASA, Clean Marine AS, Valmet Oyj, DuPont de Nemours Inc., CR Ocean Engineering, Fuji Electric Co. Ltd., KwangSung Co. Ltd., Andritz AG, Langh Tech Oy Ab, VDL AEC Maritime B.V., Hamon Research Cottrell Inc., GEA Group, Belco Technologies Corporation, Verantis Corporation, Nederman MikroPul LLC, Pacific Green Technologies Inc., Damen Shipyards Group N.V., Babcock & Wilcox, PureteQ A/S, Ecospray Technologies S.r.l., Saacke GmbH, Mitsubishi Heavy Industries Ltd., Air Products and Chemicals Inc., Belzona International Ltd., Clyde Bergemann Limited, Alpha Water Partnership, Italmar Group, Ocean Saver
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What Is Covered In The Marine Scrubber Systems Global Market Report?
• Market Size Forecast: Examine the marine scrubber systems market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the marine scrubber systems market for a structured understanding.
• Key Players Overview: Analyze major players in the marine scrubber systems market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the marine scrubber systems market.
• Segment Contributions: Evaluate how different segments drive overall growth in the marine scrubber systems market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the marine scrubber systems market.
• Industry Challenges: Identify potential risks and obstacles affecting the marine scrubber systems market.
• Competitive Landscape: Review strategic developments in the marine scrubber systems market, including expansions, agreements, and new product launches.
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