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Marine Scrubber Systems Market 2019 | Outlook, Growth By Top Companies, Regions, Types, Applications, Drivers, Trends & Forecasts by 2024

Author : Rahul Sankrityayan | Published Date : 2019-11-07 

The latest report on Marine Scrubber Systems Market Added by Global Market Insights, LLC, provides a concise analysis of the industry size, revenue forecast and regional spectrum of this business. The report further illustrates the major challenges and the latest growth strategies adopted by key players who are a part of the dynamic competitive spectrum of this industry.  

Marine scrubber systems market has generated a substantial momentum over the recent years, amidst the backdrop of increasing concerns toward maritime pollution. The concern has been realized at global level and has led to continuous improvisations in international standards for marine fuels. As per the latest legislation by IMO, effective from 1st January 2020, the maximum limit of Sulphur in fuel oil used on board ships will be 0.50% m/m.

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For the record, the current global limit for Sulphur content in fuel oil for ships is 3.50% m/m. The organization has also established a maximum Sulphur limit of 0.10% m/m in SOx Emission Control Areas, since 1st January 2015. Not to mention, driven by this stringency in the overall regulatory terrain circumventing the shipping industry, marine scrubber systems industry is poised to witness a slew of opportunities in the coming years. In the year 2017, the worldwide marine scrubber systems market generated a revenue more than USD 800 million.

The scrubber devices are regarded as Sulphur abatement technologies that reportedly removes SO2 by 90% and particulate matters by over 70%. The business is expected to generate huge returns from the commercial as well as the recreational sectors. As per World Travel & Tourism Council, the marine tourism industry, in 2016 generated a revenue of $7.6 TN, and accounted for approximately 10.2% of the global GDP. Backed by the increasing investments in tourism sector and the upliftment in economic portfolio, the marine scrubber systems market from recreational applications will witness strong prospects in the short to medium run.

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Not to mention, the region also stands as a prominent participant of the Sulphur and marine pollution abatement notion. In 2015, the Chinese Ministry of Transport, launched an implementation plan to curb the air pollution levels from ships, establishing new ECAs in China, including Bohai Bay, Yangtze River Delta, and Pearl River Delta.

Speaking of regional trends, U.S. is deemed to be another pivotal growth avenue for marine scrubber systems market, courtesy – the incessant efforts taken by the regional governments to limit the Sulphur emissions from ships coupled with the extensive R&D initiatives to bring on board sustainable solutions. In this year’s MEPC conference, the nation outlined its future strategies to curtail marine pollution and declared its aim to reduce ocean emission by 50% by 2050. Moreover, seawaters along the U.S. and the Canadian shorelines have been touted as North American ECAs (emission control areas), in a bid to significantly cut down on the Sulphur emissions. In terms of commercialization potential, U.S. marine scrubber systems industry is forecast to surpass 300 units by 2024.

Partial Table of Contents (ToC) of the report:

Chapter 4. Marine Scrubber Systems Market, By Technology

4.1. Global marine scrubber systems market share by technology, 2017 & 2024

4.2. Wet technology

4.2.1.   Global market by wet technology, 2013-2024

4.2.2.   Global market by wet technology, by region 2013 – 2024

4.2.3.   Open Loop

4.2.3.1.   Global market from open loop, 2013-2024

4.2.3.2.   Global market from open loop, by region 2013 – 2024

4.2.4.   Closed Loop

4.2.4.1.   Global market from closed loop, 2013-2024

4.2.4.2.   Global market from closed loop, by region 2013 – 2024

4.2.5.   Hybrid

4.2.5.1.   Global market from hybrid, 2013-2024

4.2.5.2.   Global market from hybrid, by region 2013 – 2024

4.2.6.   Others

4.2.6.1.   Global market from others, 2013-2024

4.2.6.2.   Global market from others, by region 2013 – 2024

4.3. Dry technology

4.3.1.1.   Global market by dry technology, 2013-2024

4.3.1.2.   Global market by dry technology, by region 2013 – 2024

Chapter 5. Marine Scrubber Systems Market, By Fuel

5.1. Global marine scrubber systems market share by fuel, 2017 & 2024

5.2. MDO

5.2.1.   Global market by MDO, 2013-2024

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

5.3. MGO

5.3.1.   Global market by MGO, 2013-2024,

5.3.2.   Global market by MGO, by region 2013 – 2024

5.4. LNG

5.4.1.   Global market by LNG, 2013-2024,

5.4.2.   Global market by LNG, by region 2013 – 2024

5.5. Hybrid

5.5.1.   Global market by hybrid, 2013-2024,

5.5.2.   Global market by hybrid, by region 2013 – 2024

5.6. Others

5.6.1.   Global market by others, 2013-2024,

5.6.2.   Global market by others, by region 2013 – 2024

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/marine-scrubber-systems-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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