Global Ship Exhaust Gas Scrubber Market Research Report: Ken Research
by Rati Ram Business DeveloperAccording 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:-
Global Ship Exhaust Gas Scrubber Market
Related
Reports:-
Global
Ship Exhaust Gas Scrubber Market Analysis 2013-2018 and Forecast 2019-2024
Global
Ship Exhaust Gas Scrubber Market Status and Future Forecast 2015-2024
Ken Research
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Ankur@kenresearch.com
+91-9015378249
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