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. Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19
on Scrubber System Market is
included in the present report.
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.
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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