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Marine Selective Catalytic Reduction Systems Market Share Worldwide Industry Growth, Size, Statistics, Opportunities & Forecasts up to 2024

Author : Ronak Bora | Published Date : 2020-08-24 

Asia Pacific marine selective catalytic reduction systems market will witness growth on account of increasing shipbuilding activities specifically across Japan, China and South Korea. Improvement in living standards owing to rising disposable income coupled with establishment of new ECA zones to limit maritime pollution will further strengthen the product installation.

The Chinese Ministry of Transport, recently in July 2018, has published new requirements with a target to limit NOx emission for the second-hand imported & Chinese-flagged diesel engine vessels. According to the regulations these engines are required to comply with the IMO3 norms and will be applicable to vessels that are converted or imported for domestic trade after September 1 2018. These new NOx emission control requirements have paved the way for robust commercialization of SCR systems in China. Moreover, the rapid growth in the long-distance and international voyage and the rising inter-border trade activities has further fortified the regional product demand. In response to these mandatory protocols, China marine selective catalytic reduction systems market size is anticipated to register a CAGR of 3% over 2018-2024.

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Marine Selective Catalytic Reduction Systems Market will exceed USD 5 Billion by 2024. Stringent government regulations owing to rising Nox emissions coupled with growing demand for sustainable systems will encourage the product demand. Rising concerns toward adverse environment and human health on account of increasing marine pollution will further complement the business landscape. The IMO under Annex VI introduced a norm that aims to limit nitrogen emission from diesel engines specifically with power output >130 kW. The directive is applicable on the vessels installed or built on & after 1st January 2016.

Further speaking on the competitive scenario, it wouldn’t be wrong to say that the sustainability and go-green trends are also vividly characterizing the marine industry vertical and impelling the prominent companies to adopt necessary market growth strategies for business proliferation. An apt instance standing as a substantiation to the aforesaid is that of Cummins Inc., that has recently introduced its new IMO3 certified QSK60 engine package that offers cleaner emissions. If reports are to be believed, the company has added selective catalytic reduction systems to meet the new emissions standards without impacting the fuel economy.

Eminent players across the marine selective catalytic reduction systems market comprises of: YARA International, Hyundai, Wartsila, Kwang sung, Mitsubishi, PANASIA, Agriemach, Caterpillar, H+H Engineering, Johnson Matthey, MAN Energy, DCL International, Haldor Topsoe, Danish Technology, DEC Marine, ECOUREA, CORMETECH, Hitachi Zosen, Ecospray, Tenneco, ME Production, Niigata and Hug Engineering amongst others.

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Table of Contents (ToC) of the report:

Chapter 4. Marine Selective Catalytic Reduction Systems Market, By Application

4.1. Global marine selective catalytic reduction systems market share by application, 2017 & 2024

4.2. Commercial

4.2.1.   Global market from commercial, 2013-2024

4.2.2.   Global market from commercial, by region 2013 – 2024

4.2.3.   Container Vessels

4.2.3.1.      Global market from container vessels, 2013-2024

4.2.3.2.      Global market from container vessels, by region 2013 – 2024

4.2.4.   Tankers

4.2.4.1.      Global market from tankers, 2013-2024

4.2.4.2.      Global market from tankers, by region 2013 – 2024

4.2.5.   Bulk Carriers

4.2.5.1.      Global market from bulk carriers, 2013-2024

4.2.5.2.      Global market from bulk carriers, by region 2013 – 2024

4.2.6.   Roll On/Roll Off

4.2.6.1.      Global market from roll on/roll off, 2013-2024

4.2.6.2.      Global market from roll on/roll off, by region 2013 – 2024

4.2.7.   Others

4.2.7.1.      Global market from others, 2013-2024

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

4.3. Offshore

4.3.1.   Global market from offshore, 2013-2024

4.3.2.   Global market from offshore, by region 2013 – 2024

4.3.3.   AHTS

4.3.3.1.      Global market from AHTS, 2013-2024

4.3.3.2.      Global market from AHTS, by region 2013 – 2024

4.3.4.   PSV

4.3.4.1.      Global market from PSV, 2013-2024

4.3.4.2.      Global market from PSV, by region 2013 – 2024

4.3.5.   FSV

4.3.5.1.      Global market from FSV, 2013-2024

4.3.5.2.      Global market from FSV, by region 2013 – 2024

4.3.6.   MPSV

4.3.6.1.      Global market from MPSV, 2013-2024

4.3.6.2.      Global market from MPSV, by region 2013 – 2024

4.3.7.   Others

4.3.7.1.      Global market from MPSV, 2013-2024

4.3.7.2.      Global market from MPSV, by region 2013 – 2024

4.4. Recreational

4.4.1.   Global market from recreational, 2013-2024

4.4.2.   Global market from recreational, by region 2013 – 2024

4.4.3.   Cruise ships

4.4.3.1.      Global market from cruise ships, 2013-2024

4.4.3.2.      Global market from cruise ships, by region 2013 – 2024

4.4.4.   Ferries

4.4.4.1.      Global market from ferries, 2013-2024

4.4.4.2.      Global market from ferries, by region 2013 – 2024

4.4.5.   Yachts

4.4.5.1.      Global market from yachts, 2013-2024

4.4.5.2.      Global market from yachts, by region 2013 – 2024

4.5. Navy

4.5.1.   Global market from navy, 2013-2024

4.5.2.   Global market from navy, by region 2013 – 2024

4.6. Others

4.6.1.   Global market from others, 2013-2024

4.6.2.   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-selective-catalytic-reduction-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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