Scrubber Systems Market to Grow at a CAGR of 12.4% to reach US$ 2,989.2 Million from 2021 to 2028
The scrubber system market was valued at US$ 1,316.0 million in 2021 and is projected to reach US$ 2,989.2 million by 2028; it is expected to grow at a CAGR of 12.4% from 2021 to 2028.
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. Additionally, rising international trades through sea routes and increasing leisure activities are propelling the growth of the scrubber system market. The rise in global seaborne business can be attributed to its economical transportation cost and continually rising global demand for goods and petroleum products. Furthermore, the increasing participation in leisure activities such as cruise vacations and international voyages is boosting the use of marine ships and subsequently fueling the growth of the scrubber system market.
Impact of COVID-19 Pandemic on Scrubber System Market
The sudden outbreak of COVID-19 has witnessed a significant negative impact of COVID-19 in their demand for the scrubber systems industry 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, the market has witnessed a rise in demand from the third quarter as several governments have introduced stringent regulations to maintain clean air. Air scrubber systems play a vital role in removing hazardous particles from exhaust, supporting the market to regain its momentum.
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Scrubber Systems Market: Strategic Insights
Scrubber Systems Market
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CAGR (2021 - 2028)
12.4%
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Market Size 2021
US$ 1.32 Billion
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Market Size 2028
US$ 2.99 Billion
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- Babcock Wilcox Enterprises Inc
- Alfa Laval
- DuPont de Nemours Inc
- FUJI ELECTRIC CO LTD
- GEA Group AG
- W rtsil Corporation
- Hamon
- Yara Marine Technologies
- Verantis Environmental Solutions Group
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technology
- Wet Technology and Dry Technology
Industry Verticals
- Marine
- Oil and Gas
- Petrochemicals and Chemicals
- Food and Agricultural
- Wastewater Treatment
- Healthcare
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Scrubber Systems Market: Strategic Insights
-
CAGR (2021 - 2028)12.4% -
Market Size 2021
US$ 1.32 Billion -
Market Size 2028
US$ 2.99 Billion
Market Dynamics
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- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
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- XXXXXXX
Key Players
- Babcock Wilcox Enterprises Inc
- Alfa Laval
- DuPont de Nemours Inc
- FUJI ELECTRIC CO LTD
- GEA Group AG
- W rtsil Corporation
- Hamon
- Yara Marine Technologies
- Verantis Environmental Solutions Group
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technology - Wet Technology and Dry Technology
Industry Verticals - Marine
- Oil and Gas
- Petrochemicals and Chemicals
- Food and Agricultural
- Wastewater Treatment
- Healthcare
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights –
Scrubber System Market
Increase in Global Seaborne Trades and Leisure Activities
Rising international trades through sea routes and increasing leisure activities are propelling the growth of the scrubber system market. The rise in global seaborne business can be attributed to its economical transportation cost and continually rising global demand for goods and petroleum products. Furthermore, the rising participation in leisure activities such as cruise vacations and the international voyage is increasing the use of marine ships and subsequently fueling the growth of the scrubber system market. The rise in leisure activities can be attributed to the increasing per capita income of consumers. Hence, the increase in sulfur emission from ships—owing to flourishing global trade—and escalated maritime transportation across the developing and developed economies are boosting the scrubber system installations.
Technology-Based Insights
Based on technology, the scrubber system market is segmented into wet technology and dry technology. The wet technology segment held a larger market share in 2021.
Players operating in the scrubber system market are mainly focused on the development of advanced and efficient products.
- In July 2021, Babcock & Wilcox Environmental announced that it would support Amager Resource Center's application to build an advanced carbon dioxide capture facility at ARC's Amager-Bakke (Copenhill) waste to energy facility in Copenhagen, Denmark, for more than US$ 140 million.
- In September 2021, DuPont Clean Technologies introduced an innovative and advanced steam plume suppression solution for its MECS DynaWave scrubbers in sulfur recovery units (SRU) applications. Sennuba provides reliable corrosion control and plume suppression in the scrubbing system that is at minimal risk of plugging.
Scrubber Systems Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1.32 Billion |
| Market Size by 2028 | US$ 2.99 Billion |
| Global CAGR (2021 - 2028) | 12.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Technology
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| Regions and Countries Covered | North America
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| Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The scrubber system market has been segmented as follows:
Scrubber System Market – by Technology
Scrubber System Market – by Industry Verticals
- Marine
- Oil and Gas
- Petrochemicals and Chemicals
- Food and Agricultural
- Wastewater Treatment
- Healthcare
- Others
Scrubber System Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Japan
- South Korea
- Thailand
- Rest of APAC
- Middle East & Africa
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of SAM
Scrubber System Market – Company Profiles
- 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
- CECO Environmental
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology and Industry Verticals
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The scrubber system market in Europe is sub-segmented into France, Germany, Russia, Italy, the UK, and the Rest of Europe. Compared with the Nordic and Eastern European countries, western European countries are more developed and technologically advanced. EU is increasingly stringent policies to observe the numerous constituents of air which is anticipated to propel the growth of the scrubber system market. Also, despite the EU proposals, all member states of the IMO again approved scrubbing system technology as an accepted compliance method. According to European exports, Germany is one of the essential countries for deploying marine scrubbers in long voyage vessels.
The rising application of sulfur dioxide (SOx) removal scrubber technology in the marine industry has gained significant traction in recent years. It is expected to propel the growth of the scrubber system market in the coming years. The SOx removal scrubber technology offers three different scrubber technology variants based on the vessel's operating profile, such as open-loop scrubber technology, closed-loop scrubber technology, and hybrid scrubber technology. The open-loop scrubber technology uses seawater to scrub the exhaust gas. It discharges the sulfuric acid content water back into the sea as the natural alkalinity of seawater neutralizes the acid.
Marine segment of the scrubber system market comprises ship industries including passenger and cargo. Marine segment holds the largest revenue of the scrubber system market and anticipated to maintain its dominance in the coming years. The growth of the segment can be attributed to the rising stringent policies for the ship industry. For instance, In January 2020, International Maritime Organization (IMO) has changed the emission rules and limits the sulphur in the fuel oil used on board ships operating outside designated emission control areas to 0.5% m/m (mass by mass) previously the limit was 3.5%. Similarly, within specific designated emission control areas the limits are 0.1% m/m.
The wet technology segment of the scrubber system market is poised to grow with significant during the estimated period. The growth of the segment can be attributed to its large application in a wide range of industries such as oil and gas, petrochemicals, marine, wastewater treatment, electronics and semiconductor, and others. For instance, CECO Environmental Corp. is providing CECO HEE-Duall Scrubber (a wet scrubber system) to leading global semiconductor chip manufacturers for removing harmful gaseous contaminants. The technology facilitates an efficient air pollution control methods for eliminating particles as well as gases from industrial exhaust streams. The Wet scrubber technology are considered the most appropriate device for air pollution control which collects both gas and particulates in a single system.
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 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 rapid industrialization in developing economies is creating a lucrative opportunity for scrubber system manufacturers to augment their market share further. The growing industrial activities in developing economies such as China, India, Brazil, and Vietnam result in more establishments of plants and factories of various industries. In this rapid industrialization era, the developing economies are witnessing a surge in new production facilities or capacities of the manufacturing industries such as cement, glass, petrochemicals and chemicals, oil & gas, food & beverages, pharmaceuticals, mining & metallurgy, and pulp & paper. For instance, China's National Bureau of Statistics (NBS) has reported a 1.6% year-on-year rise in cement production to 2.377 billion tons for 2020. Also, the country is witnessing constructions of 3,203 cement factory projects, which started in December 2020, with a total investment of US$ 415.6 billion.
The List of Companies - Scrubber System Market
- 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
- CECO Environmental
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