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Scrubber System Market Size, Share & Industry Analysis, By Type (Wet Scrubber System, Dry Scrubber System), By End-User (Marine, Oil & Gas, Petrochemicals and Chemicals, Pharmaceuticals, Mining, Others) and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI101757 | Status : UpcomingScrubbers are used to remove particulate matter, and hazardous components such as sulfur dioxide (SOx) and nitrogen oxide (NOx) generated from exhaust gases. The air quality is deteriorating day-by-day and rising concern over GHG emission enacted to act against air pollution. Several environment protection agencies and governments around the world imposed harsh rules and regulations in the interest of environment. Thus, it is mandatory for manufacturing units, marine operators and several other industry verticals to process exhaust gases before they emitted into the atmosphere. The scrubber system not only desulphurizes the hazardous gases but also helps to meet the guidelines set by pollution control board. Increasing installation of scrubbers by numerous industry verticals to curb harmful emission of gases is projected to drive the scrubber system market.
The scrubber system market is segmented into type and end-user. Type is further divided into the wet scrubber and dry scrubber. A dry scrubber is projected to gain significant market of type due to extensive installation by several companies due to environmental advantages as it produces comparatively waste material. Scrubbers are majorly used in marine, oil & gas, petrochemical & chemicals, pharmaceuticals, mining, and others. Marine, as well as oil & gas, is projected to account for the largest market share of scrubber system owing to harsh environmental rules and regulations.
Several countries amended harsh and stringent regulations for the prevention of air pollution to mitigate the severe concern of global warming which bolsters demand of scrubber systems around the world. Enormous industrial growth and urbanization resulting in expansion of industries and increasing demand for energy in which the scrubber system is extensively used to prevent direct emission of SOx that may boost the scrubber system market.
The scrubber system is quite expensive to install and maintain because the by-products produced by scrubber must be disposed of safely because of hazardous waste material, which requires specialist to handle it. Thus, it will increase the overall processing costs that may retard the growth of the scrubber system market.
Key Players Covered:
Some of the major companies in the scrubber system market are Wärtsilä, Yara Marine Technologies, DuPont, Duke Energy Corporation, Alfa Laval, Valmet, Fuji Electric Co., Ltd., Verantis Corporation, Nederman MikroPul, GEA Group, and Pacific Green Technologies Inc (PGTK).
Regional Analysis:
The global scrubber system market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The United States Environmental Protection Agency (EPA) imposed several restrictions on the emission of hazardous gases directly into the environment. Thus, several companies and marine operators are increasingly installing scrubber systems to meet the compliance of EPA. Simultaneously, the extensive E&P activities, shale gas revolution and exorbitant demand for energy resulted expansion of industries, which may bolster the demand for scrubber system in North America. The countries in European Union (EU) are more environmentally conscious and enforcing stringent regulations to enhance the air quality.
EU imposed several guidelines for industries, marine operators and others to prevent emission of harmful material into environment. Therefore, scrubber system plays a vital role in meeting the EU 2020 target which expected to boost the growth of the scrubber system market in Europe. The world is looking next to Asia Pacific as emerging region in terms of fastest economic growth and lucrative opportunities for industrialist. Indian government aimed to reach 5 trillion economies by 2024 which projected to deliver several ambitious projects. China is also playing a crucial role and massively investing in energy security. However the severe concern over GHG emission and rising sea level enacted to take stringent steps. This would lead to offer lucrative market for scrubber system market.
Segmentation
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Key Industry Developments
- In August 2019, LiqTech International secured an $8.4 million marine scrubber order from the world’s renowned and largest companies. The contract will reinforce LiqTech’s position as a leading supplier of ceramic silicon carbide water filtration system for marine scrubbers.
- In July 2019, Global Echo recently launched a new exhaust scrubber system named MS-SOx that requires no dry-docking for the retrofitting procedure.
- In April 2019, A giant Chinese company awarded a contract to Alfa Laval for the PureSOx scrubber system for exhaust cleaning on 31 vessels in its fleet. The company also signed a long term service agreement with Alfa Laval to safeguard and optimize scrubber operation.
- Global
- 2023
- 2019-2022