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Asia Pacific Offshore Marine Emission Control Systems Market Trends

Report ID: GMI11453
Published Date: Sep 2024
Report Format: PDF

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Asia Pacific Offshore Marine Emission Control Systems Market Trends

Rising concerns about air quality and the impacts of greenhouse gases on climate change are pushing the maritime industry to adopt cleaner technologies. The growing shift towards environmental awareness is encouraging key maritime players to invest in advanced emission control systems that can reduce harmful emissions and align with the region’s broader sustainability goals. Furthermore, increasing enforcement of stringent environmental regulations by countries including China, Japan, and South Korea to address air pollution and climate change are additional factors augmenting the industry statistics.

Authors: Ankit Gupta , Pooja Shukla

Frequently Asked Questions (FAQ) :

Asia Pacific market for offshore marine emission control systems was worth over USD 1.4 billion in 2023 and is estimated to grow at a CAGR of 7.5% from 2024 to 2032, due to the growing advances in emission control technologies to make offshore systems more efficient and cost-effective.

The scrubber segment is anticipated to reach over USD 1.5 billion by 2032, owing to increasing demand for sustainable and eco-friendly shipping practices.

Japan offshore marine emission control systems market is anticipated to cross over USD 600 million by 2032, due to growing investment in green technologies and rising government initiatives and subsidies for environmental technologies.

ABB, ALFA LAVAL, Fuji Electric, General Electric, Hitachi Energy, Kwang Sung, LiqTech International, MAN Energy Solutions, Schneider Electric, Tenneco, Valmet Corporation, Wartsila, and Yara International.