The global scrubber system market
is expecting a 12.3% CAGR during the forecast period (2018-2023) to climb a
valuation of USD 1.7 billion by 2023, asserts Market Research Future (MRFR) in
an extensively studied report. The report has under its purview a detailed
segmental analysis and factors that can change the market scenario in the
coming years. Factors such as stringent government policies regarding
environment and growth in seaborne trade can see the scrubber system market
score big in the coming years.
Over the
past few years, the global scrubber system market has been growing continually,
mainly due to the stringent government policies to control air pollution.
Moreover, usages of the scrubber system are increasing rapidly in the shipping
industry that has a strict regulation against gaseous emissions and is
witnessing an uptick in maritime transport and seaborne trade. This, as a
result, escalates the market on the global platform.
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Segmentation:
The Global Scrubber
System Market can be segmented by type, orientation, application, and end-user
industry.
Type-wise
segmentation of the scrubber system market consists wet scrubber system and dry
scrubber system. Dry scrubber system is leading the market. Meanwhile, the wet
scrubber system can register the fastest CAGR during the review period.
Orientation-based
segmentation of the scrubber system market includes vertical and horizontal.
The horizontal segment is the current bellwether. Vertical segment to grow at a
higher speed during the forecast period.
Based on
application, the scrubber system market comprises onshore and offshore. The
offshore segment is setting the trails for the market. Onshore segment is
expected to grow with the fastest CAGR during the forecast period.
Based on end-user
industries, the scrubber system market can be segmented into oil & gas,
automotive, food & beverages, and chemical. Oil & gas is both the
leading segment and the fastest growing segment.
Regional Analysis
Europe dominates
the global scrubber system market, holding the largest share. Stringent
regulations in the region against the increasing pollution levels are
compelling a number of industries to implement scrubber systems in their
production. Moreover, increasing uptake of scrubber system in various
burgeoning industries such as O&G, F&B, chemicals, and automotive
positively impacts the growth in the regional market.
North America is
another lucrative market for the scrubber system, globally. Increasing
exploration activities in the USA and Canada are growing the market value,
creating huge demand for scrubber system. Recent discoveries of large oil and
gas reservoirs are fostering the growth of the regional market. Furthermore,
the adoption of global policies of maintaining safe ecological standards
increases sales in the market.
Middle East is the
biggest oil and gas exporter and is further planning to expand their O&G
production infrastructure. The region has well-established hydrocarbon
reserves, and more investments are made to explore potential new reserves.
The Asia Pacific
scrubber system market is emerging as a promising market globally. Due to the
rapidly growing industries such as automotive, food & beverages, and
chemicals, the region is expected to show substantial growth. The drastic shift
towards the increasing eco-awareness and environment protection is
substantiating the growth of the regional market. China and South Korea are
lucrative markets attracting market titans.
Major Players:
Players leading
the scrubber system market include Nederman Mikropul, Alfa Laval, Wärtsilä,
Yara Marine, Alfa Laval, DuPont, Evoqua, CECO, Verantis, Croll Reynold, Fuji
Electric, Fabritech Engineers, and Beltran Technologies, among others.
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