Market Study Report newly added the Global Marine Scrubber Systems Market Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years, says an article published in ReportsGo.
Marine scrubber markets
China
China marine scrubber systems market is set to grow on account of flourishing shipbuilding industry along with increasing maritime trade.
In addition, the ongoing investments and plans for reduction of marine pollution through defining new ECAs (Emission Control Areas) will positively influence the product penetration.
The Ministry of Transport in China in 2015, established new ECAs in the nation comprising the Bohai Bay, Yangtze River Delta and the Pearl River Delta.
U.S.
The U.S. marine scrubber systems market will reach over 300 units by 2024. Ongoing innovation and research activities to develop technology in compliance with the environment regulations will enhance the business growth.
Moreover, rising demand for upgrading existing ships on account of strict norms will encourage product adoption.
Europe
Europe marine scrubber systems market is predicted to grow on account of rising concerns toward limiting sulphur emission rate along with growing investments across maritime industry.
Progressing research & development (R&D) activities toward product design & development coupled with the availability of large number manufacturers will stimulate the business outlook.
Furthermore, the compulsion for the big vessels post 2018, to report its proven annual emission data along with other required information will encourage the product adoption.
Penalties for non-compliance
- Stringent government norms along with penalties toward non-compliance with SOx regulation will positively impact the marine scrubber systems market.
- Scrubbers have effective sulphur removal technologies that eliminate SO2 by 90% and particulate matter by over 70%.
Ongoing adoption of clean fuels including LNG (liquified petroleum gas) & LSFO (low Sulphur fuel oil) coupled with high deployment cost and may hinder the business growth.
Marine Scrubber Systems Market is predicted to reach over USD 8 billion by 2024.
Global sulphur cap
Rising sulphur emissions from maritime industry along with growing concerns pertaining to its adverse effects on the environment and health will augment the marine scrubber systems market.
International Maritime Organization in January 2017, mandated a global cap of 0.5% of Sulphur content in the fuel across seaborne trade, applicable from first January 2020.
Growing regulatory pressure on maritime vendors to meet environment regulations coupled with rising cost of clean fuel will stimulate the product penetration.
Maritime tourism sector investments
Rising investments across the tourism sector on account of growing disposable income, demographic shifts and improvement in living standards will accelerate the recreational marine scrubber systems market.
In 2016, as per statistics of World Travel and Tourism Council, maritime tourism sector contributed over 10.2% to global GDP with a revenue generation of USD 7.6 trillion.
Eminent players across marine scrubber systems market includes:
- Wartsila,
- Yara,
- Alfa Laval,
- AEC Maritime,
- CR Ocean Engineering,
- DuPont,
- Shanghai Bluesoul Environmental Technology,
- Clean Marine,
- Fuel Tech,
- Johnson,
- Mitsubishi,
- SCL International,
- Scheuch Gmbh,
- Matthey,
- GEA Albonair,
- FLSmidth,
- Kwangsung,
- Ecospray Technologies,
- Fuji Electric and
- Damen.
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Source: ReportsGo
