The Marine Scrubber Systems Global Market Report 2023, provides comprehensive information on the marine scrubber systems market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global marine scrubber systems market size is expected to grow from $4.71 billion in 2022 to $5.43 billion in 2023 at a compound annual growth rate (CAGR) of 15.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global marine scrubber systems market size is expected to reach $9.22 billion in 2027 at a CAGR of 14.2%.
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Product innovation is the key trend gaining popularity in the marine scrubber systems market. Companies operating in the marine scrubber systems market are focused on creating innovative products to sustain their position in the market. For instance, in November 2021, Wärtsilä Oyj Abp, a Finland-based power generation and marine propulsion solutions developer launched a new lighter, smaller IQ Series scrubber. The IQ Series is the most recent advancement in maritime exhaust gas treatment technologies that cater specifically to container vessels, meeting the growing demand for scrubbers as a compliance option in the container market. The IQ Series scrubber boasts a compact design, occupying 25% less space, weighing 30% less, and occupying 35% less volume. These enhancements optimize vessel profitability by minimizing the impact on cargo-carrying capacity while delivering the same high-quality exhaust gas cleaning results.
The marine scrubber systems market is segmented:
1) By Technology: Wet Technology, Dry Technology
2) By Fuel: Marine Diesel Oil (MDO), Marine Gasoil (MGO), Hybrid, Other Fuels
3) By Application: Commercial, Offshore, Recreational, Navy, Other Applications
North America was the largest region in the marine scrubber systems market in 2022.
The table of contents in TBRC’s marine scrubber systems market report includes:
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