The global marine scrubber systems demand is subjected to grow at a CAGR of 10.4%. The market revenue is likely to be valued at US$ 6.34 Bn in 2022, and exhibit a revenue growth of US$ 17.06 Bn by 2032.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Marine Scrubber Systems market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Marine Scrubber Systems market.
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Key findings of the Marine Scrubber Systems market study:
- Regional breakdown of the Marine Scrubber Systems market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Marine Scrubber Systems vendors in detail.
- Region-wise and country-wise fragmentation of the Marine Scrubber Systems market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Marine Scrubber Systems market.
Key Companies Profiled
- Yara International ASA
- Clean Marine AS
- Kwangsung Co. Ltd.
- ALFA LAVAL
- Damen Shipyards Group N.V.
- CR Ocean Engineering
- Ecospray Technologies S.r.l.
- VDL AEC Maritime B.V.
- Langh Tech Oy Ab, DuPont
- Wartsila
- Fuji Electric Co. Ltd.
Competitive Landscape
The marine scrubber systems market share is highly competitive owing to the involvement of several established players. Organic development tactics such as product releases and approvals are often used by firms in the marine scrubber systems industry. To capitalize on market growth prospects, market players are concentrating on strengthening their footprint through acquisitions, expansions, product approvals, and launches.
Latest developments in the marine scrubber systems market :
- In September 2022, CR Ocean Engineering LLC formed a partnership with filtration system provider Oberlin Filter Company to provide a cost-effective and automated wash water filtration system for hybrid & closed loop scrubbers. This partnership will enable the companies to reinforce mutual businesses and deliver the best services to the industry, in turn expediting business growth.
- In June 2018, Frontline , one of the world’s largest oil tanker fleet operators, signed a Memorandum of Agreement (MoA) to acquire a 20% stake in Feen Marine Scrubbers, a Singapore-based original equipment manufacturer (OEM) of Exhaust Gas Cleaning Systems (EGCS).
- In June 2017, Mitsubishi Heavy Industries and Mitsubishi Hitachi Power Systems announced the joint development of a large-scale rectangular marine scrubber that removes sulfur oxide (SOx) from the exhaust gases emitted by marine diesel engines.
- In November 2016, Andritz AG signed a cooperation agreement with TeamTec AS. As part of this agreement, TeamTec will be responsible for the global sales and marketing of SeaSOx Marine Scrubber Systems, including after-sales services.
- In May 2020, Valmet signed a contract with Mitsubishi Shipbuilding Co., Ltd. for delivery of hybrid scrubber systems to Shimonoseki Shipyard. Each vessel is equipped with Valmet marine automation system and two Valmet marine scrubber towers.
Key Segments Profiled in the Marine Scrubber Systems Market Survey
- By Technology Type :
- Wet Technology (Open Loop, Close Loop, Hybrid, Others)
- Dry Technology
- By Fuel :
- MDO
- MGO
- Hybrid
- Others
- By Application :
- Commercial
- Recreational
- Navy
- Offshore
- Others
- By Region :
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Queries addressed in the Marine Scrubber Systems market report:
- Why are the Marine Scrubber Systems market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Marine Scrubber Systems market?
- Which regions are displaying the fastest growth in the Marine Scrubber Systems market?
- What are the underlying micro- macroeconomic factors affecting the global Marine Scrubber Systems market?
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