Global Ship Exhaust Gas Scrubber Market Research Report: Ken Researchby Rati Ram Business Developer
According to study, “Global Ship Exhaust Gas Scrubber Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” the key companies operating in the global ship exhaust gas scrubber market are WartsilaOyjAbp, Yara Marine Technologies AS, Alfa Laval AB, VDL AEC Maritime, EcoSpray, Andritz AG, E. I. du Pont de Nemours and Company, CR Ocean Engineering LLC, Belco Technologies, Shanghai Bluesoul, Valmet, Langh Tech, Mitsubishi Heavy Industries, Ltd., Valmet Corp., Clean Marine, PureteQ, Fuji Electric Co. Ltd., Puyier, Feen Marine Scrubbers Inc.,
Ship exhaust gas scrubber system is an equipment installed in the exhaust systems of ship engines. It treats the exhaust gas emitted from an engine or boiler to remove the toxic sulphur dioxide gas content (SOx) as well as particulate matter (PM) based pollutants that is ultimately released into the environment. It also treat the exhaust stream of the engines with either fresh water or seawater that is chemically treated or dry materials for instance hydrated granules (lime-treated). It generates a waste stream that are released in a land-based waste disposal area.
Based on type, ship exhaust gas scrubber market is segmented into open loop scrubbers, closed loop scrubber, dry scrubbers, membrane scrubbers and hybrid scrubbers. The open loop scrubber is the most frequently used system at open sea. Whereas, closed loop scrubber is used at zero discharge areas. Additionally, Hybrid scrubber is a combination of open and closed loop scrubber.Hybrid scrubber segment dominates the market owing to strict environmental regulations & emission standards during the forecast period. Based on technology, market is segmented into low speed technology, medium seed technology and high speed technology. Based on sales channel, market is segmented into direct channel and distribution channel. Based on application, market is segmented into retrofit and new ships. Retrofitting refer to the installation of ship exhaust gas scrubber system on existing ships which does not have such exhaust gas cleaning system installed.New build refer to the installation of exhaust gas scrubber system on ships that are under construction. In addition, based on end-use, market is segmented into industrial ships and commercial ships.
The ship exhaust gas scrubber market is driven by growth in seaborne trade, followed by rise in government incentives & investments, growth in improvement in living standards& directives to limit pollution by ships, positive outlook toward shipbuilding industry, increase in research & development (R&D) activities accompanied by technological enhancements,stringency in government norms to limit SOx emissions, rise in disposable incomes, increase in demand for luxury & comfort accompanied by growth in spending toward cruise ships. However, high projected annual fuel and limited availability of gas oil may impact the market. Moreover, rise in awareness pertaining gas emissions along with stringency in legislative norms is a key opportunity for market.
Based on geography, the European and North-American regions hold major share in ship exhaust gas scrubber market owing to strict government policies regarding pollution in the region. Whereas the Asian-Pacific region is expected to show substantial growth due to increase in eco-awareness & education about environment protection and rise in long intercontinental voyage coupled with rapid industrialization over the forecast period. In upcoming years, it is projected that the market will be breached at rapid pace as a result of increase in foreign direct investment flow caused by cross-border mergers & tax inversions during the forecast period. The global market is expected to grow at a CAGR of approximately 18.5% over the next five years, will reach US $3040 million in 2024, from US $1300 million in 2019.
For more information on the research report, refer to below link:-
Ankur Gupta, Head Marketing & Communications
Created on Jan 28th 2020 01:04. Viewed 154 times.