Industry Background:
A scrubber system is used to remove pollutants from industrial exhaust streams. The system uses liquid spray to remove solid and liquid particulate matter and gaseous pollutants. It is one of the primary system that control gaseous emissions, especially acid gases. Scrubber system can also be used for heat recovery from hot gases by blue gas condensation. There are numerous methods are available to remove corrosive or toxic compounds from exhaust gas and neutralize it. However, there are two primary methods of scrubbing exhaust are used such as wet and dry.
According to AMA, the market for Scrubber System is expected to register a CAGR of 13.02% during the forecast period to 2026. This growth is primarily driven by Growing Stringent Environmental Regulations to Reduce Atmospheric Emissions, Growing Shipbuilding Industry Coupled With Rising Maritime Trade Activities, Increasing Sulphur Emissions from Shipping Industry and The Rising Demand from End Use Industries.
Globally, a noticeable market trend is evident More Stringent Nox Regulations in Europe
. The Industrial Machinery sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Alfa Laval (Sweden), Babcock & Wilcox Enterprises, Inc. (United States), CECO (United States), Dupont (United States), Evoqua Water Technologies LLC (United States), Fuji Electric (Japan), GEA Wiegand GmbH (Germany), Wärtsilä (Finland), Hamon Research-Cottrell, Inc. (United States) and Hitachi Zosen Inova AG (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 3 April 2019, Alfa Laval, a leading scrubber system company has signed a service agreement for scrubbers with a leading Chinese shipping company. The agreement follows in the wake of a scrubber order for thirty one vessels, which the same customer placed last year.
On 13 July 2018, a major European container shipping company has ordered Wärtsilä’s hybrid exhaust gas cleaning equipment and retrofit services to its container vessels, worth EUR 170 million.
Market Drivers
- Growing Stringent Environmental Regulations to Reduce Atmospheric Emissions
- Growing Shipbuilding Industry Coupled With Rising Maritime Trade Activities
- Increasing Sulphur Emissions from Shipping Industry
- The Rising Demand from End Use Industries
Market Trend
- More Stringent Nox Regulations in Europe
- Recent Technological Developments in Scrubber System
Restraints
- Stringent Legislations against Disposal of Contaminated Effluents from Scrubber Systems
Opportunities
International Maritime Organization's (Imo) 2020 Global Sulfur Cap and More Stringent Nox Regulations in Europe
Challenges
Contamination from Heavy Metals Found in Scrubber Washwater and New Fuel Options Such as Vlsfo (Very Low Sulfur Fuel Oil)
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Scrubber System Study Sheds Light on
The Scrubber System Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Scrubber System industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Scrubber System industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.