(MENAFNEditorial) iCrowdNewswire - Sep 21, 2018
The 2018-2024 report on global Marine Scrubber Systems market explores the essential factors Of Marine Scrubber Systems industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.
Marine Scrubber Systems Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.
Marine Scrubber Systems Market is predicted to reach over USD 8 billion by 2024. Rising sulphur emissions from maritime industry along with growing concerns pertaining to its adverse effects on environment and health will augment the marine scrubber systems market. International Maritime Organization in january 2017, mandated a global cap of 0.5% of Sulphur content in the fuel across seaborne trade, applicable from first January 2020. Growing regulatory pressure on maritime vendors to meet environment regulations coupled with rising cost of clean fuel will stimulate the product penetration.
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Stringent government norms along with penalties toward non-compliance with SOx regulation will positively impact the marine scrubber systems market. Scrubbers have effective sulphur removal technologies that eliminate SO2 by 90% and particulate matter by over 70%. Ongoing adoption of clean fuels including LNG (liquified petroleum gas) & LSFO (low Sulphur fuel oil) coupled with high deployment cost and may hinder the business growth.
The U.S. marine scrubber systems market will reach over 300 units by 2024. Ongoing innovation and research activities to develop technology in compliance with the environment regulations will enhance the business growth. Moreover, rising demand for upgrading existing ships on account of strict norms will encourage the product adoption.
Rising investments across tourism sector on account of growing disposable income, demographic shifts and improvement in living standards will accelerate the recreational marine scrubber systems market. In 2016, as per statistics of World Travel and Tourism Council, maritime tourism sector contributed over 10.2% to global GDP with a revenue generation of USD 7.6 trillion.
Europe marine scrubber systems market is predicted to grow on account of rising concerns toward limiting sulphur emission rate along with growing investments across maritime industry. Progressing research & development (R & D) activities toward product design & development coupled with availability of large number manufacturers will stimulate the business outlook. Furthermore, the compulsion for the big vessels post 2018, to report its proven annual emission data along with other required information will encourage the product adoption.
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China marine scrubber systems market is set to grow on account of flourishing shipbuilding industry along with increasing maritime trade. In addition, the ongoing investments and plans for reduction of marine pollution through defining new ECAs (Emission Control Areas) will positively influence the product penetration. The Ministry of Transport in China in 2015, established new ECAs in the nation comprising the Bohai Bay, Yangtze River Delta and Pearl River Delta.
Eminent players across marine scrubber systems market includes W?rtsil?, Yara, Alfa Laval, AEC Maritime, CR Ocean Engineering, DuPont, Shanghai Bluesoul Environmental Technology, Clean Marine, Fuel Tech, Johnson, Mitsubishi, SCL International, Scheuch Gmbh, Matthey, GEA Albonair, FLSmidth, Kwangsung, Ecospray Technologies, Fuji Electric and Damen.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Marine Scrubber Systems Industry Insights
Chapter 4. Marine Scrubber Systems Market, By Technology
Chapter 5. Marine Scrubber Systems Market, By Fuel
Chapter 6. Marine Scrubber Systems Market, Application
Chapter 7. Marine Scrubber Systems Market, By Region
Chapter 8. Company Profiles
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Related Report:
United States Marine Scrubber Systems Market Report 2017
In this report, the United States Marine Scrubber Systems market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
https://www.marketstudyreport.com/reports/united-states-marine-scrubber-systems-market-report-2017/?utm_source=RR-PSR
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