Marine Scrubber Market Overview:
Marine Scrubber Market size is projected to reach USD 12,035 Million by 2030 at 10.1% CAGR between 2022 and 2030.
Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.
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The global marine scrubber market has been bifurcated based on application, fuel, and technology.
By technology, the dry technology will lead the market over the forecast period at a highest CAGR owing to its various perks such as no production of liquid effluent, emissions substantially, and a reduction in NOx emissions.
By fuel, the MGO segment will dominate the market over the forecast period owing to the ability for generating comparatively less quantity of sulfur concentrations in the atmosphere.
By application, the recreational segment will spearhead the market over the forecast period. Increasing participation in leisure activities including international voyage and cruise variations driven by rising per capita income is adding to the growth of the segment.
Europe to Spearhead Marine Scrubber Market
Europe will spearhead the marine scrubber market over the forecast period. Rising environmental concerns supported by strict government regulations, growing focus on reducing sulfur emissions from marine vessels, environmental norms and subsidies on installation of scrubbers, rising awareness about Sox and its impact on health, strict norms to curb pollution, and the presence of some of the world’s largest commercial shipping line owners in Greece, Nordic countries and other parts of the region are adding to the global marine scrubber market share in the region.
APAC to Have Favorable Growth in Marine Scrubber Market
The APAC region will have favorable growth in the market over the forecast period. Rapid industrialization, growing commercial activities chiefly across South Korea, Japan, and China, growing initiatives to curb regional pollution, the growing preference for green shipping, adoption of sustainable marine systems, shifting inclination of end users towards commercial application, growing ship building activities in South Korea, China, and Japan, and growing adoption of sustainable systems are adding to the global marine scrubber market growth in the region. Besides, the ongoing FDI flow for mergers and acquisitions, tax inversions, and cross-border mergers, and growing demand from large merchants and commercial fleet owners are also adding market growth.
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Eminent players profiled in the global marine scrubber industry report include Kwangsung Co., Ltd. (Mexico), Alfa Laval (Sweden), Hamon Research-Cottrell, Inc. (Belgium), CR Ocean Engineering (US), Damen Shipyards Group N.V. (Netherlands), VDL AEC Maritime B.V. (Netherlands), Langh Tech Oy Ab (Finland), Ecospray Technologies S.r.l. (Italy), DuPont (US), Yara International ASA (Norway), Clean Marine AS (Norway), Shanghai Bluesoul Environmental Technology Co., Ltd. (China), Fuji Electric Co., Ltd. (Japan), Mitsubishi Heavy Industries, Ltd. (Japan), and Wartsila (Finland).