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Worldwide Marine Emission Control Systems Market 2020-2024: Share Forecasts, Regional Trends & Growth drivers

Author : Ronak Bora | Published Date : 2020-09-21 

Marine emission control systems market growth will be driven by increasing GHG emissions and a rise in the level of air pollution from ships. Over the last few years, owing to the fact that they are a speedy and cost-effective mode of communication, the preference for waterways and inland transportation has increased remarkably. That said, the surging use of fossil fuel based ships has been emitting a large amount of NOx, SOx, and many other particulate matters, leading to the necessity for emission control systems. The emissions have indeed been contributing to the depletion of the ozone layer which has generated awareness among regulatory bodies, resulting in them mandating strict norms, in order to control the emissions from ships. The on-going deployment of strict regulatory policies to curb the GHG emissions is likely to have a significant impact on the marine emission control system industry size.

Rising emissions from marine engines & growing environment concerns owing to degrading air quality will drive marine emission control system market growth in the years to come. Reportedly, oceanic vessels contribute to a majority of the pollution in the coastal environment – around 8%-12% of the global NOx emissions and around 40% of global NOx emissions from transport of freight mean. Having taken into consideration these alarming statistics, in 2008, the International Maritime Organization (IMO) launched a directive for controlling emissions from diesel engine vessels, built or installed on and after 1st January 2016. The directive also specifies a global sulfur limit for reducing the sulfur content in fuel to 0.5%, that will go into effect from 1st January 2020. The presence of a strict regulatory landscape will thus prove to be one of the preeminent driving factors of marine emission control systems market.

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The growing number of trade activities along with advancements in emission control technology will also serve to boost the demand for marine emission control systems. Globally, around 85% of goods are transported using maritime routes. In almost 70% of the cases shipping is carried out within 400 km from the coastline, influencing the air quality within several hundred kilometers from the coast. The most widely adopted propulsion systems used by these ships are two or four strokes diesel engines, which apparently consume large amount of heavy fuels.

Recreational applications will grow on grounds of rising disposable income and increase in demand for comfort & luxury. Ongoing research activities coupled with rapid technology innovations with an aim to reduce the cost pressure is set to encourage the system installation. Long international voyage along with increase in standards toward system operation, inspection, and construction will boost the marine emission control systems market demand.

The U.S. marine emission control systems market is anticipated to witness growth on account of strict emission control directives along with ongoing investments and technical advancements to manufacture green systems. Implementation of government protocols coupled with rising shipbuilding activities owing to growing demand for battle forces & commercial vessels will boost the market growth. Further, in 2018, MEPC strategized to reduce the marine pollution and limit the emission levels by 50% by 2050.

Hybrid marine emission control systems market is set to grow on account of strict government regulations coupled with advancements in emission control technology. High sulfur content in the fuel along with urgency to limit nitrogen oxide, PMs and sulfur emissions by maritime industry will encourage the product adoption. In addition, growing merchandise trade and rising demand for container vessels & bulk carriers will encourage the product deployment.

China marine emission control systems market is projected to grow over 10% by 2024. Increasing effect of marine pollution on the environment along with stringency in mandates to limit the emission levels will complement the product deployment. Further, ongoing FDI flow on account of mergers & acquisition and tax inversions will encourage the product demand.

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Key industry manufacturers in the marine emission control systems market comprises of: Yara, Kwang sung, Mitsubishi, Hyundai Heavy Industries, Wartsila, Caterpillar, MAN Energy Solutions, Hug Engineering, DCL International, Agriemach, Johnson Matthey, Hitachi Zosen, Tenneco, DEC Marine, Alfa Laval, H+H Engineering, Langh Tech, DuPont, and Fuji Electric.

Table of Contents (ToC) of the report:

Chapter 5.    Marine Emission Control Systems Market, By Fuel

5.1.  Marine emission control systems market share by fuel, 2017 & 2024

5.2.  MDO

5.2.1.   Global market from MDO, 2013 – 2024

5.2.2.   Global market from MDO, by region, 2013 – 2024

5.3.  MGO

5.3.1.   Global market from MGO, 2013 – 2024

5.3.2.   Global market from MGO, by region, 2013 - 2024

5.4.  Hybrid

5.4.1.   Global market from hybrid, 2013 – 2024

5.4.2.   Global market from hybrid, by region, 2013 - 2024

5.5.  Others

5.5.1.   Global market from others, 2013 – 2024

5.5.2.   Global market from others, by region, 2013 - 2024

Chapter 6.    Marine Emission Control Systems Market, By Application

6.1.  Marine emission control systems market share by application, 2017 & 2024

6.2.  Commercial

6.2.1.   Global market from commercial, 2013 – 2024

6.2.2.   Global market from commercial, by region, 2013 - 2024

6.3.  Offshore

6.3.1.   Global market from offshore, 2013 – 2024

6.3.2.   Global market from offshore, by region, 2013 - 2024

6.4.  Recreational

6.4.1.   Global market from recreational, 2013 – 2024

6.4.2.   Global market from recreational, by region, 2013 - 2024

6.5.  Navy

6.5.1.   Global market from navy, 2013 – 2024

6.5.2.   Global market from navy, by region, 2013 - 2024

6.6.  Others

6.6.1.   Global market from others, 2013 – 2024

6.6.2.   Global market from others, by region, 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/marine-emissions-control-systems-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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