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    Home > Research Reports > Worldwide Demand for Retrofit Marine Scrubber Systems Is Anticipated to Register 20.4% CAGR : Fact.MR
    Research Reports

    Worldwide Demand for Retrofit Marine Scrubber Systems Is Anticipated to Register 20.4% CAGR : Fact.MR

    Worldwide Demand for Retrofit Marine Scrubber Systems Is Anticipated to Register 20.4% CAGR : Fact.MR

    Published by top news

    Posted on July 30, 2021

    Featured image for article about Research Reports

    Marine scrubber systems market is expected to continue its steady growth on account of their growing installation and retrofitting on marine engines exhaust systems and boilers on ships. This is attributed to the unique advantages of marine scrubber systems in alleviating harmful sulphur dioxide gas content (Sox) emissions. The worldwide marine scrubber systems market is anticipated to register 20.4% CAGR in terms of value between 2018 and 2028 owing to myriad factors mentioned in Fact.MR report on marine scrubber systems market.

    In recent years, marine scrubber systems have gained much traction among ship owners and operators, on the back of their ability to treat exhaust gas released from engine or boiler by eliminating harmful sulphur dioxide gas content (SOx) and particulate matter (PM) sourced pollutants.

    To remain ‘ahead’ of your competitors, request for a sample –

    https://www.factmr.com/connectus/sample?flag=S&rep_id=3055

    According to Fact.MR report on marine scrubber systems market, ship operators and owners are increasingly adopting marine scrubber systems to comply with prevailing and impending regulations on sulphur quantity allowed in fuel, to be imposed by IMO (International Maritime Organization). Since 2015, there has been a decline in sulphur cap to .1% in some designated emission control areas (ECA), however, the cap is set to decline further with the implementation of .5% sulphur cap on maritime vehicles starting from 1st January 2020.

    Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)

    Alfa Laval AB
    Wärtsilä Oyj Abp
    Yara Marine Technologies As
    VDL AEC Maritime
    Feen Marine Scrubbers Inc.
    CR Ocean Engineering, LLC
    E. I. du Pont de Nemours and Company
    Mitsubishi Heavy Industries, Ltd.
    Hyundai Heavy Industries
    Kwangsung Co.,Ltd
    Shanghai Bluesoul Environmental Technology Co.,Ltd.
    Pacific Green Marine Technologies Inc.
    Primarine GmbH

    For critical insights on this market, request for methodology here –

    https://www.factmr.com/connectus/sample?flag=RM&rep_id=3055

    Segmentation

    The report segments the marine scrubber systems market on the basis of technology, application, vessel type, fuel type, and region.

    Based on technology, the marine scrubber systems market has been segmented into open loop system, closed loop system, and hybrid systems.

    On the basis of application, the marine scrubber systems market has been segmented into new-build, and retrofit.

    On the basis of vessel type, the marine scrubber systems market has been segmented into commercial vessels and offshore vessels.

    Based on the fuel type, the marine scrubber systems market has been segmented into marine gas oil (MGO), marine diesel oil (MDO), residual fuel oil (RFO), and intermediate fuel oil (IFO). A market attractiveness analysis for each of the identified segments has been provided in the report.

    Amid the growing sulphur related regulations, ship operators and owners are propelled to adopt either marine fuels containing low sulphur content, or retrofit or install marine scrubber systems for the treatment of toxic emissions caused by densely used fuel oil with high sulphur content. The report on marine scrubber systems market opines that extensive difference between the pricing of affordable fuel oil with high sulphur content and expensive fuel oils containing negligible sulphur content has been prompting ship operators and owners to retrofit marine scrubber systems on marine vehicles. A considerable number of ship owners are retrofitting their vessels with marine scrubber systems to comply with impending international regulations following the 2020 deadline, while using high sulphur fuel oil.

    Full Access of this Exclusive Report is Available at

    https://www.factmr.com/checkout/3055

    However, as per marine scrubber systems market report, the new-build application segment is also likely to witness comparatively fast growth as many fleet owners with new ship constructions on order are choosing to install marine scrubber systems on their vessels, which costs less as compared to retrofits that may be required later. According to the Fact.MR report on marine scrubber systems, retrofit segment is likely to create absolute $ opportunity valuing US$ 6.8 billion during the foreseeable period, on back of the boost gained by tight timelines ahead of impending regulations deadline.

    As per Fact.MR report on marine scrubber systems market, in technology segment, the wet marine scrubber systems are likely to remain dominant in marine scrubber systems market by accounting for a healthy market share. The report estimates that it will account for over 90% share of the total absolute dollar opportunity in marine scrubber systems market by 2028-end. Ship operators and owners have been adopting open loop wet marine scrubber systems, however, as per the report marine scrubber systems market for the hybrid variants is also likely to witness comparatively healthy growth.

    The Fact.MR report on marine scrubber systems market envisaged that based on market value, the worldwide marine scrubber systems market is envisaged to value over US$ 11Bn during 2018-2028.

    Key findings of the report:

    • Prominent manufacturers, raw material suppliers, equipment providers, traders, and distributors in the market.
    • In-depth analysis of important market segments, market potential, impacting trends, and challenges.
    • Critical examination of the strengths, weaknesses, opportunities and threats of each player.
    • Extensive investigation of the effects of the growth of relevant industries.
    • Accurate data regarding the future prospects of the during the forecast period.

    Marine Scrubber Systems Market- Additional Questions Answered

    • How has growth of marine scrubber systems market taken off over the past few years?
    • Which product type in the marine scrubber systems market continues to outperform other types over the forecast timespan?
    • What are the few significant macroeconomic factors having profound influences on growth of marine scrubber systems market?

    Explore Fact.MR’s Coverage on the industrial goods Domain


    Zero Speed Switch Market -According to latest research by Fact.MR, zero speed switch market is set to witness CAGR of over 5% during 2021-2031.

    Voltage Tester Market– According to latest research by Fact.MR, global voltage tester market is set to witness an impressive CAGR of more than 6% during the forecast period 2021-2031


    Trichome Separator/Extractor Market– The Trichome Separator/Extractor Market study published by Fact.MR offers an unbiased analysis of the prominent drivers, opportunities, and trends expected to shape future expansion outlooks. 

    About Us:

    Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

    Contact:
    US Sales Office:
    11140 Rockville Pike
    Suite 400
    Rockville, MD 20852
    United States
    Tel: +1 (628) 251-1583

    Corporate Headquarter:
    Unit No: AU-01-H Gold Tower (AU),
    Plot No: JLT-PH1-I3A,
    Jumeirah Lakes Towers,
    Dubai, United Arab Emirates
    Email: sales@factmr.com
    Visit Our Website: https://www.factmr.com

    Marine scrubber systems market is expected to continue its steady growth on account of their growing installation and retrofitting on marine engines exhaust systems and boilers on ships. This is attributed to the unique advantages of marine scrubber systems in alleviating harmful sulphur dioxide gas content (Sox) emissions. The worldwide marine scrubber systems market is anticipated to register 20.4% CAGR in terms of value between 2018 and 2028 owing to myriad factors mentioned in Fact.MR report on marine scrubber systems market.

    In recent years, marine scrubber systems have gained much traction among ship owners and operators, on the back of their ability to treat exhaust gas released from engine or boiler by eliminating harmful sulphur dioxide gas content (SOx) and particulate matter (PM) sourced pollutants.

    To remain ‘ahead’ of your competitors, request for a sample –

    https://www.factmr.com/connectus/sample?flag=S&rep_id=3055

    According to Fact.MR report on marine scrubber systems market, ship operators and owners are increasingly adopting marine scrubber systems to comply with prevailing and impending regulations on sulphur quantity allowed in fuel, to be imposed by IMO (International Maritime Organization). Since 2015, there has been a decline in sulphur cap to .1% in some designated emission control areas (ECA), however, the cap is set to decline further with the implementation of .5% sulphur cap on maritime vehicles starting from 1st January 2020.

    Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)

    Alfa Laval AB
    Wärtsilä Oyj Abp
    Yara Marine Technologies As
    VDL AEC Maritime
    Feen Marine Scrubbers Inc.
    CR Ocean Engineering, LLC
    E. I. du Pont de Nemours and Company
    Mitsubishi Heavy Industries, Ltd.
    Hyundai Heavy Industries
    Kwangsung Co.,Ltd
    Shanghai Bluesoul Environmental Technology Co.,Ltd.
    Pacific Green Marine Technologies Inc.
    Primarine GmbH

    For critical insights on this market, request for methodology here –

    https://www.factmr.com/connectus/sample?flag=RM&rep_id=3055

    Segmentation

    The report segments the marine scrubber systems market on the basis of technology, application, vessel type, fuel type, and region.

    Based on technology, the marine scrubber systems market has been segmented into open loop system, closed loop system, and hybrid systems.

    On the basis of application, the marine scrubber systems market has been segmented into new-build, and retrofit.

    On the basis of vessel type, the marine scrubber systems market has been segmented into commercial vessels and offshore vessels.

    Based on the fuel type, the marine scrubber systems market has been segmented into marine gas oil (MGO), marine diesel oil (MDO), residual fuel oil (RFO), and intermediate fuel oil (IFO). A market attractiveness analysis for each of the identified segments has been provided in the report.

    Amid the growing sulphur related regulations, ship operators and owners are propelled to adopt either marine fuels containing low sulphur content, or retrofit or install marine scrubber systems for the treatment of toxic emissions caused by densely used fuel oil with high sulphur content. The report on marine scrubber systems market opines that extensive difference between the pricing of affordable fuel oil with high sulphur content and expensive fuel oils containing negligible sulphur content has been prompting ship operators and owners to retrofit marine scrubber systems on marine vehicles. A considerable number of ship owners are retrofitting their vessels with marine scrubber systems to comply with impending international regulations following the 2020 deadline, while using high sulphur fuel oil.

    Full Access of this Exclusive Report is Available at

    https://www.factmr.com/checkout/3055

    However, as per marine scrubber systems market report, the new-build application segment is also likely to witness comparatively fast growth as many fleet owners with new ship constructions on order are choosing to install marine scrubber systems on their vessels, which costs less as compared to retrofits that may be required later. According to the Fact.MR report on marine scrubber systems, retrofit segment is likely to create absolute $ opportunity valuing US$ 6.8 billion during the foreseeable period, on back of the boost gained by tight timelines ahead of impending regulations deadline.

    As per Fact.MR report on marine scrubber systems market, in technology segment, the wet marine scrubber systems are likely to remain dominant in marine scrubber systems market by accounting for a healthy market share. The report estimates that it will account for over 90% share of the total absolute dollar opportunity in marine scrubber systems market by 2028-end. Ship operators and owners have been adopting open loop wet marine scrubber systems, however, as per the report marine scrubber systems market for the hybrid variants is also likely to witness comparatively healthy growth.

    The Fact.MR report on marine scrubber systems market envisaged that based on market value, the worldwide marine scrubber systems market is envisaged to value over US$ 11Bn during 2018-2028.

    Key findings of the report:

    • Prominent manufacturers, raw material suppliers, equipment providers, traders, and distributors in the market.
    • In-depth analysis of important market segments, market potential, impacting trends, and challenges.
    • Critical examination of the strengths, weaknesses, opportunities and threats of each player.
    • Extensive investigation of the effects of the growth of relevant industries.
    • Accurate data regarding the future prospects of the during the forecast period.

    Marine Scrubber Systems Market- Additional Questions Answered

    • How has growth of marine scrubber systems market taken off over the past few years?
    • Which product type in the marine scrubber systems market continues to outperform other types over the forecast timespan?
    • What are the few significant macroeconomic factors having profound influences on growth of marine scrubber systems market?

    Explore Fact.MR’s Coverage on the industrial goods Domain


    Zero Speed Switch Market -According to latest research by Fact.MR, zero speed switch market is set to witness CAGR of over 5% during 2021-2031.

    Voltage Tester Market– According to latest research by Fact.MR, global voltage tester market is set to witness an impressive CAGR of more than 6% during the forecast period 2021-2031


    Trichome Separator/Extractor Market– The Trichome Separator/Extractor Market study published by Fact.MR offers an unbiased analysis of the prominent drivers, opportunities, and trends expected to shape future expansion outlooks. 

    About Us:

    Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

    Contact:
    US Sales Office:
    11140 Rockville Pike
    Suite 400
    Rockville, MD 20852
    United States
    Tel: +1 (628) 251-1583

    Corporate Headquarter:
    Unit No: AU-01-H Gold Tower (AU),
    Plot No: JLT-PH1-I3A,
    Jumeirah Lakes Towers,
    Dubai, United Arab Emirates
    Email: sales@factmr.com
    Visit Our Website: https://www.factmr.com

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