About Marine Scrubber
Marine scrubber is also known by marine exhaust gas systems, that removes sulfur oxides from ship’s engine and boiler exhaust gases, which is directly harmful to human health. It enables the ship operator to run on cost-efficient high-sulfur fuel and still be compliant with the 0.1% SOx cap in ECA. This means that the capital expenses for the scrubber installation will return in the form of fuel cost savings. The power consumption of functioning a scrubber system is typically between 1-2% of main engine power. Marine scrubbers are becoming a topic of significant importance in the marine industry, particularly in the context of current as well as future regulations entering into force.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 52.2% |
The market is highly competitive owing to the stringent government regulations regarding emission of sulfur. The demand for marine scrubbers is on the rise, and hence most of the leading players are doubling their workforce in order to meet the expected demand from the market. Some of the players are focusing on product innovation so as to reduce the operating power of scrubbers. Analyst at AMA Research estimates that United States, Japan Manufacturers will contribute the maximum growth to Global Marine Scrubber market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Yara Marine Technologies (Norway), Wärtsilä (Finland), CR Ocean Engineering (United States), Alfa Laval (Sweden), VDL AEC Maritime B.V. (Netherlands), DuPont (United States), Clean Marine (Norway), Shanghai Bluesoul Environmental Technology (China), Fuel Tech (United States), Mitsubishi (Japan) and Johnson Matthey (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Scheuch Gmbh (Austria), Kwangsung (South Korea), FLSmidth (Denmark), Damen (Netherlands), Ecospray Technologies (Italy) and Fuji Electric (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Marine Scrubber market by , Application (Commercial {Container Vessels, Tankers, Bulk Carriers, Roll On/Roll Off, Others}, Offshore {AHTS, PSV, FSV, MPSV, Others}, Recreational {Cruise ships, Ferries, Yachts, Others}, Navy and Others) and Region.
On the basis of geography, the market of Marine Scrubber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Wet technology {Open loop, Closed loop, Hybrid, Others} will boost the Marine Scrubber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel, the sub-segment i.e. MDO will boost the Marine Scrubber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Industrial Collaborations For The Adoption Of Marine Scrubbers and Growing Popularity Of LNG Fuel
Market Growth Drivers:
Stringent Government Regulations Coupled With Penalties For Non-Compliance Of Sox Norms, Growing Shipbuilding Industry Coupled With Rising Maritime Trade Activities and Increasing Sulphur Emissions From Shipping Industry
Challenges:
Frequent Changes In Regulations
Restraints:
A High Installation Cost
Opportunities:
Emerging Demand from Developed & Developing Countries and Technological Advancements
On 31 May 2018, Mitsubishi Shipbuilding Co., Ltd. and Mitsubishi Hitachi Power Systems, Ltd. have mutually launched the most advanced SOx abatement system, ACTIVE FUNNEL. It is a funnel which contains an optimally shaped exhaust gas scrubbing structure which decreases sulfur dioxide (SO2) in the exhaust gas of 3.5% sulfur content fuels to that of 0.1% sulfur content fuels, conforming with newly introduced SOx emissions regulations coming into effect worldwide as of Jan. 1, 2020. and On 19 Oct. 2017, Clean Marine, a market leader in the development of Exhaust Gas Cleaning Systems, has secured a multi-vessel contract from Inventor Chemical Tankers AS (ICT). The contract, covering seven 19900 DWT chemical tankers, marks the launch of the company’s revolutionary CleanSOx Compact Hybrid Allstream scrubber to the market.
The Maritime Industry is in the final run-up to the implementation of the new and stricter regulation of sulfur emissions. The International Maritime Organization (IMO) Annex VI sulfur regulation called for a 0.1% sulfur limit in Emission Control Areas (ECA) from 2015 and a worldwide 0.5% limit will be introduced in 2020.
Key Target Audience
Marine Scrubber Manufacturers, Marine Scrubber OEMs, Technology Investors, Regulatory Bodies, Government Bodies and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.