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Asia Pacific Offshore Marine Scrubber Systems Market Analysis

  • Report ID: GMI9444
  • Published Date: May 2024
  • Report Format: PDF

Asia Pacific Offshore Marine Scrubber Systems Market Analysis

Based on technology, market is segmented into wet technology and dry technology. Wet technology is anticipated to grow by over USD 1.45 billion by 2032. Rising demand for highly effective technology for reducing SOx emissions from ship exhaust gases, enabling vessel operators to comply with stringent sulfur emissions regulations will propel the product adoption. Additionally, their versatility and adaptability to various vessel types, sizes, and operating conditions in the offshore marine environment make them a preferred choice for vessel operators, thereby expanding their market presence.

 

Asia Pacific Offshore Marine Scrubber Systems Market, By Application, 2023

Based on application Asia Pacific offshore marine scrubber systems market is segmented into AHTS, PSV, FSV, MPSV and Others. FSV are set to grow at a CAGR of over 9.1% through 2032. Rising demand for scrubbers offering flexibility and adaptability to dynamic operating conditions including coastal waters, offshore oil fields, or international shipping lanes will boost their adoption. Rising pressure on the operators from insurers and risk management agencies to mitigate environmental risks associated with emissions from vessel operations will give incremental growth opportunities for the market development.

 

Japan Offshore Marine Scrubber Systems Market Size, 2022-2032 (USD Million)

Japan offshore marine scrubber systems market is anticipated to grow by more than USD 552 million by 2032. Strong emphasis on energy efficiency and emissions reduction in its maritime policies and strategies will boost the adoption of systems aligned with goals of promoting sustainable maritime transportation and reducing greenhouse gas emissions. Growing public pressure on maritime stakeholders, including shipowners, operators, and regulatory authorities, to take proactive measures to reduce emissions and minimize environmental impact will further add to the growth trajectory.

 

Rising stringent environmental regulations including the Clean Air Act and the Environmental Protection Agency's (EPA) Vessel General Permit (VGP) in the U.S. is driving product adoption. Additionally, rising demand for systems with greater flexibility in fuel sourcing and can continue to operate using a wide range of fuel types, mitigating the risk of supply chain disruptions and ensuring operational continuity will drive the business landscape.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

Asia Pacific Offshore Marine Scrubber Systems industry size was worth USD 792.7 million in 2023 and will grow at an 8.6% CAGR between 2024 and 2032 due to increasing global trade and maritime activities, a growing focus on sustainability, and reducing carbon footprints in the maritime industry.

The wet technology segment will reach around USD 1.45 billion by 2032, driven by the effectiveness and versatility of wet scrubbers in removing sulfur oxides and particulate matter from ship emissions.

Japan offshore marine scrubber systems industry will register USD 552 million by 2032, attributed to Japan's stringent environmental regulations and the maritime industry's commitment to emissions reduction.

Key manufacturers of offshore marine scrubber systems are Andritz, ABB, Alfa Laval, Dupont, Ecospray Technologies S.r.l., Fuji Electric Co., Ltd., KwangSung, Keppel Offshore & Marine Ltd., Langh Tech Oy Ab, SAACKE GmbH, Unique Group, VDL AEC Maritime B.V., Valmet, Wartsila, and Yara International ASA, among others.

Asia Pacific Offshore Marine Scrubber Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 35
  • Countries covered: 5
  • Pages: 80
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