Global Marine Scrubber Market to Soar to $20.3 Billion by 2031, Driven by Stricter Emission Norms & Sustainable Shipping

Allied Market Research published a report, titled, "Marine Scrubber Market by Technology (Wet Technology, Dry Technology), by Application (Bulk Carriers, Container Ships, Oil Tankers, Chemical Tankers, Cruises, Others), by Installation (New build, Retrofit): Global Opportunity Analysis and Industry Forecast, 2021-2031"

According to the report, the global marine scrubber industry was valued at $4.9 billion in 2021 and is estimated to generate $20.3 billion by 2031, witnessing a CAGR of 16.2% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

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The environmental protection mandates and laws are getting more valued across the world to reduce the impact of marine emissions. These standards emphasize on supporting the use of non-toxic materials, implementing conservation techniques, and changing production processes. This supports the recycling or reuse of materials more accurately than driving them into the waste stream, which helps to eradicate pollution. Europe and North America are a few early law adopters of environmental protection across the globe.

Leading Market Players

Fuji Electric Co., Ltd.
Alfa Laval
Mitsubishi Heavy Industries, Ltd.
Valmet
Pacific Green Group
Wartsila
KwangSung
ANDRITZ
GEA Group Aktiengesellschaft
Yara International ASA

Ships are an essential mode of transportation, moving goods across the world's seas and oceans. The ship's engine is a critical component of a vessel, and it generates significant amounts of exhaust gases that are released into the atmosphere. However, marine scrubbers are used to reduce the emissions of harmful pollutants from ships. The marine scrubber market refers to the global industry involved in the manufacturing, installation, and maintenance of exhaust gas cleaning systems or marine scrubbers for ships.

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To comply with such norms, ships need scrubber systems. By using scrubbers, the dust and corrosive gases can be nullified. The scrubber can handle explosive and flammable dust that are devised for various surface treatment and pharmaceutical & chemical applications. Strict rules relating to radiation control have increased the need for scrubber systems in marine sector, boosting the sales of marine scrubber market across the globe.

The EU has implemented regulations regarding emissions from ships, including a 0.1% sulfur cap in emissions control areas (ECAs) and a 0.5% sulfur cap for all ships operating in EU waters. In addition, the EU has set targets for reducing greenhouse gas emissions from the shipping industry, including a 40% reduction in CO2 emissions by 2030 and a 70% reduction by 2050 compared to 2008 levels. Such targets and rise in sales of ships are expected to increase the demand for marine scrubber market.

Asia-Pacific to achieve the largest revenue by 2031

Based on region, the market in Asia-Pacific was the largest in 2021, accounting for more than two-fifths of the global marine scrubber market and is likely to maintain its dominance during the forecast timeframe. This market is the most promising market due to countries such as China and India, whose economies are increasing as their trade with other regions is growing and the countries are becoming self-sufficient. However, the market in North America is likely to show the fastest CAGR of 20.2% during the forecast period. This is because various organizations are driving the exhaust gas cleaning or marine scrubber market by following the framework or the strict norms made by the International Maritime Organization.

By Technology

Wet Technology
Open Loop
Closed Loop
Hybrid
Dry Technology

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KEY FINDINGS OF THE STUDY

By technology, the dry technology segment is projected to dominate the global marine scrubber market in terms of growth rate.
By application, the cruises segment is projected to dominate the global marine scrubber market in terms of growth rate.
By installation, the new build segment is projected to dominate the global marine scrubber market in terms of growth rate.

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