According to Market
Research Future (MRFR), the global scrubber system market is expected to scale
up a valuation to USD 1.7 BN by 2023 from USD 1.12 BN in 2017. MRFR further
asserts that the scrubber system market would register a CAGR over 12.3%
throughout the forecast period (2018-2023). Scrubber system is one of the
essential components used in various industries to control pollution by
removing harmful chemicals and acids from polluted gas. There are multiple
types of scrubber systems that are used in this process, including wet, dry, and
electrostatic scrubbers.
With an efficient
scrubber system, a facility can complete production and protect the
environment, community, and their workers. In addition, the scrubber system can
also remove pollutants that can be processed and used as end products
themselves.
Over the past few years,
the Scrubber
System Market Share 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.
Global Scrubber System
Market - Segmentation
The report segments the
market into five key dynamics to widen the scope of understanding,
By Type : Wet Scrubber
System and Dry Scrubber System
By Orientation : Vertical and Horizontal.
By Application : Onshore and Offshore.
By End-use Industry : Oil & Gas, Automotive, Food &
Beverages, and Chemicals.
By Regions : North America, Europe, Asia Pacific, and
the Rest-of-the-World.
Global Scrubber System
Market - 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.
Scrubber System Market -
Competitive Analysis
The scrubber system
market appears to be well-established yet competitive due to the presence of
many small and large-scale players. Matured players incorporate strategic
initiatives such as acquisition, collaboration, expansion, and product &
technology launch to gain a competitive advantage in this market.
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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