Scrubber Systems Market is expected to reach US$ 2,989.2 Million by 2028

Stringent Regulations by Various Governments to Curb Air Pollution to Provide Growth Opportunities for Scrubber Systems Market During 2021–2028

According to our latest market study on "Scrubber Systems Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Technology, Industry Verticals, and Geography," the market is expected to grow from US$ 1,316.0 million in 2021 to reach US$ 2,989.2 million by 2028; it is estimated to grow at a CAGR of 12.4% from 2021 to 2028.

The global scrubber systems market is segmented into five major regions— North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. In 2020, Europe led the market with a substantial revenue share, followed by North America and Asia Pacific. Major manufacturing industries such as cement, glass, chemical and petrochemical, food and agriculture, and pharmaceuticals are known for harmful gas emissions. Hence, the stringent environmental regulations imposed on these industries are driving the market. For instance, the cement industry is one of the major polluting industries as it releases nitrogen dioxide (NO2) and sulfur dioxide (SO2) particulate during production. The Environmental Protection Agency (EPA) of the US has enforced the environmental compliance regulations through National Emission Standards for Hazardous Air Pollutants (NESHAP), which aims to minimize the emissions of nitrogen dioxide and sulfur dioxide at cement factories.

Similarly, the Indian government enforced the Air (Prevention and Control of Pollution) Act 1981. It amended it in 1987, which directs cement plants to obtain consent from the respective State Pollution Control Board (SPCB) for a specified period to establish or operate a production plant. It is renewed on submission of the previous year's compliance report. The Indian government also directs cement plants to install air quality monitoring devices for better inspections by the respective center and state agencies.

The global scrubber systems market is segmented based on technology and industry verticals. Based on technology, the market is segmented into wet technology and dry technology. In terms of industry verticals, the market is categorized into marine, oil and gas, petrochemicals and chemicals, food and agricultural, wastewater treatment, healthcare, and others. Based on geography, the market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (China, India, South Korea, Japan, Australia, and the Rest of APAC), the Middle East & Africa (UAE, Saudi Arabia, South Africa, and the Rest of MEA), and South America (Brazil, Argentina, and the Rest of SAM).

Impact of COVID-19 Pandemic on Scrubber Systems Market

The COVID-19 pandemic has negatively influenced oil & gas, marine, petrochemical, and manufacturing industries, owing to considerable disruption in the industry supply chain activities, coupled with the several countries sealing off their international trade in the wake of the pandemic. The global oil & gas prices plummeted significantly, owing to limited demand and continuous production by the oil-producing countries. Also, international travel restriction for marine industry has lowered the demand for scrubber systems. Consequently, the discontinuation of manufacturing and petrochemical activities during the lockdown disrupted the need for any exhaust gas cleaning-related products & services, including scrubber systems.

As a result, several countries have witnessed a decline in their demand for scrubber systems in the wake of the global pandemic. In August 2020, Yara Marine Technologies—one of the leading players for marine scrubbers—has diverted its focus from the market due to COVID-19 and low oil prices. The company's innovation manager stated that they had high hopes in 2020 for scrubber systems, but COVID-19 changed it all. However, from the third quarter, the market has witnessed a rise in demand as stringent regulations have been introduced by several governments to maintain clean air. Air scrubber systems play a vital role in removing hazardous particles from exhaust, supporting the market to regain its momentum.

Babcock & Wilcox Enterprises, Inc.; Alfa Laval, DuPont de Nemours, Inc.; FUJI ELECTRIC CO., LTD.; GEA Group AG; Wärtsilä Corporation; Hamon; Yara Marine Technologies; Verantis Environmental Solutions Group; and CECO Environmental are among the major companies operating in the scrubber systems market.

Scrubber Systems Market — by Geography, 2020 and 2028 (%)

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