Growth of Marine Scrubber Market to be Impacted by the Compliance with MARPOL Regulations | Technavio

The market will grow by USD 5.9 billion between 2020-2024

The report, marine scrubber market 2020-2024 has been added to Technavio's catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on geographic regions and Product for the forecast period 2020-2024.

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Technavio has announced its latest market research report titled global marine scrubber market 2020-2024 (Graphic: Business Wire)

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The report on the marine scrubber market includes:

Marine scrubber market analysis and forecast 2020-2024: Features

• Competitive landscape
• Market segmentation
  • Regional Segmentation
  • Product Segmentation
• Market drivers
• Market trends
• Market challenges
• Five forces analysis
• Market landscape
• Market sizing & forecast

Marine Scrubber Market 2020-2024: Competitive Landscape

• Vendors covered
• Vendor classification
  • Alfa Laval
  • Clean Marine AS
  • CR Ocean Engineering LLC
  • DuPont de Nemours Inc.
  • Langh Tech Oy AB
  • Mitsubishi Heavy Industries Ltd.
  • Shanghai Bluesoul Environmental Technology Co. Ltd.
  • Valmet
  • Wärtsilä Corp.
  • Yara Marine Technologies

Marine Scrubber Market Landscape 2020-2024: Geographic Landscape

• North America - size and forecast 2019-2024
• APAC - size and forecast 2019-2024
• Europe - size and forecast 2019-2024
• South America - size and forecast 2019-2024
• MEA - size and forecast 2019-2024
• Key leading countries

Marine Scrubber Market Landscape 2020-2024: Product Segmentation

• Hybrid - size and forecast 2019-2024
• Open loop - size and forecast 2019-2024
• Others - size and forecast 2019-2024

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Compliance with MARPOL regulations will drive the marine scrubber market

Air pollution caused by more and more ships sailing each day to different parts of the world is becoming one of the major environmental problems. These emissions lead to the formation of greenhouse gases and global warming, which directly contributes to the depletion of the ozone layers in the atmosphere. NOx and SOx are the two main pollutants released from ships. These pollutants are released in the form of smoke that results from the combustion of fuel. Consequently, the MARPOL Convention was adopted by the International Maritime Organization to address this issue. The convention includes regulations that are aimed at preventing and minimizing pollution from ships, from both unintentional and routine operations. This is driving the installation of marine scrubbers in ships to comply with the emission standards, both as retrofits in old ships and as new installations in newer vessels.

Growth in global seaborne trade – An emerging trend in the marine scrubber market

The maritime transport industry carries over three-fourths of global trade by volume. As a result, global seaborne trade has become a steady and strong part of the shipping industry. The increase in the trade of all kinds of commodities and high demand for these goods from consumers are propelling the demand for seaborne trade volumes and maritime transport services. Shipping vessels that sail through various open seas and territorial waters must comply with various emission standards to operate in these specific areas. This is driving the installation of marine scrubbers in shipping vessels.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

MARKET SIZING

• Market definition
• Market sizing 2019
• Market size and forecast 2019-2024

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CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

MARKET TRENDS

• Growth in global seaborne trade
• Financial aid for the installation of marine scrubbers
• Frequent changes in regulations

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Bunker Fuel Market – Global Bunker Fuel Market by geography (APAC, Europe, MEA, North America, and South America) and type (high sulfur fuel and low sulfur fuel).

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