Scrubber System Market
Overview and Scope
Scrubber system refers to pollution control devices that remove harmful materials and substances from industrial exhaust fumes before they are released into the environment.
Sizing and Forecast
The scrubber system market size has grown strongly in recent years. It will grow from $3.72 billion in 2023 to $4.01 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to international maritime regulations, stringent air quality standards, volatility in fuel prices, ship retrofitting projects, global sulfur cap implementation, incentive programs.
The scrubber system market size is expected to see strong growth in the next few years. It will grow to $5.41 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to global carbon neutrality goals, expansion of emission control areas, demand for green shipping, increasing scrubber system efficiency, transition to alternative fuels. Major trends in the forecast period include integration with smart ship technologies, adoption of exhaust gas cleaning systems, technological advancements in scrubber designs, open-loop, closed-loop, and hybrid systems, demand for hybrid scrubber systems..
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Segmentation & Regional Insights
The scrubber system market covered in this report is segmented –
1) By Type: Wet Scrubber, Dry Scrubber
2) By Technology: Wet Technology, Dry Technology
3) By Application: Onshore, Offshore
4) By End use: Oil and Gas, Automotive, Food and Beverage, Chemical
Asia-Pacific was the largest region in the scrubber system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the scrubber system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising demand for scrubber systems from the marine industry is expected to propel the growth of the scrubber systems markets going forward. The marine industry refers to an industry involving waterborne commerce, such as carrying out tasks onboard commercial, exploration, service, or other vessels moving across the ocean, inland waterways, coastal areas, harbors, and other noncontiguous places. Scrubber systems in marine industries are used to reduce or remove harmful materials and substances from ship-exhausted fumes to make limited toxic releases in the environment. For instance, in October 2022, according to a study conducted by Chalmers University of Technology, a Sweden-based university for science and technology, approximately 4,000 ships, or 16% of all cargo ships, and a third of all cruise ships utilize scrubbers globally today. Therefore, the rising demand for scrubber systems from the marine industry is driving the growth of the scrubber systems market.
Key Industry Players
Major companies operating in the scrubber system market report are Alfa Laval AB, Nederman MikroPul LLC, Wärtsilä Corporation, Yara Marine Technologies AS, DuPont de Nemours Inc., CECO Environmental Corp., Evoqua Water Technologies Corp., Verantis Corporation, Fuji Electric Co. Ltd., HAMON Group, Babcock & Wilcox Enterprises Inc., Valmet Oyj, Tri-Mer Corporation, GEA Group AG, Croll Reynolds Company Inc., Fabritech Engineers Pvt. Ltd., Duke Energy Corporation, Pacific Green Technologies Inc., Andritz AG, Hitachi Zosen Inova, Schutte & Koerting Acquisition Company, Pollution System, CR Clean Air Group LLC, Anguil Environmental Systems Inc., Alfa Chemistry, Chempri BV, Croda International plc., Evonik Industries AG, Kuala Lumpur Kepong Berhad, NOF CORPORATION, Pilot Chemical Corp., Stockmeier Group, Zschimmer & Schwarz GmbH & Co. KG, Lubrizol Advanced Materials Inc.
The scrubber system market report table of contents includes:
1. Executive Summary
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