by Scrubber systems help reduce air pollution from ships and marine vessels by cleaning engine exhaust gases. They remove sulfur oxides, particulate matter and other pollutants from emissions before they are released into the air. With increasing environmental regulations to curb pollution from marine transportation, scrubber systems are gaining more prominence.
The global Scrubber System Market is estimated to be valued at US$ 1.93 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing environmental regulations for marine emissions by International Maritime Organization (IMO) is driving the scrubber system market. Regulations such as IMO 2020 have set stringent norms on sulfur content in marine fuel which is prompting shipping companies and cruise lines to install scrubber systems onboard ships to comply with the new emission norms and avoid using more expensive compliant fuel. This growing emphasis on reducing marine pollution through mandates on emission levels is expected to boost the demand for scrubber systems during the forecast period.
SWOT Analysis
Strength: Scrubber systems help ship owners comply with stringent environmental regulations by reducing sulphur oxide emissions from ships. They allow ships to keep using more affordable heavy fuel oil instead of more expensive marine gas oil.
Weakness: Scrubber systems require large upfront capital investments and ongoing operation and maintenance costs. Their usage also increases ships’ weight and technical complexity.
Opportunity: Growing implementation of emission control areas that restrict sulphur content in marine fuels is driving demand for scrubber systems. Ship owners are retrofitting existing vessels with scrubbers to reduce compliance costs.
Threats: Regulations may further tighten emission limits, requiring upgrades to existing scrubber systems. Scrubber washwater discharge remains an environmental concern in some ports and coastal waters.
Key Takeaways
The Global Scrubber System Market Size is expected to witness high growth over the forecast period. The global Scrubber System Market is estimated to be valued at US$ 1.93 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 to 2031.
The Asia Pacific region currently dominates the market owing to the presence of major ship owners and technological advancements in maritime scrubber systems. Countries like China, Japan, and South Korea are focusing on reducing marine pollution through the adoption of scrubber systems.
Key players operating in the scrubber system market are Nike Inc., Adidas AG, Bata Limited, Puma SE, Columbia Sportswear Company, The Dow Chemical Company, Huntsman Corporation, and BASF SE. These companies are focusing on new product launches and partnerships to strengthen their footprints in emerging markets. For instance, BASF SE launched new exhaust gas cleaning systems for diesel and gasoline engines in the marine sector.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
