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Asia Pacific Wet Marine Scrubber Systems Market Size - By Type (Open Loop, Closed Loop, Hybrid), By Fuel (MDO, MGO, Hybrid), By Application (Commercial, Offshore, Recreational, Navy), Country Outlook & Forecast, 2024 – 2032

  • Report ID: GMI9463
  • Published Date: May 2024
  • Report Format: PDF

Asia Pacific Wet Marine Scrubber Systems Market Size

Asia Pacific Wet Marine Scrubber Systems Market was valued USD 3.3 billion in 2023 and is anticipated to grow at a CAGR of over 8.5% from 2024 to 2032. It is a pollution control device installed on marine vessels to reduce the emissions of sulfur oxides (SOx), particulate matter, and other pollutants from the vessel's engine exhaust gases. The system works by passing the exhaust gases through a liquid solution to remove harmful pollutants before they are released into the atmosphere and is designed to comply with international regulations governing air pollution from ships.
 

Asia Pacific Wet Marine Scrubber Systems Market

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Increasing environmental pollution and its impact on marine ecosystems and human health has led governments and industry stakeholders in maritime transportation to prioritize cleaner, more sustainable practices thereby fueling the scrubbers adoption. Rising shift of vessel operators towards fuel efficient solutions to reduce operational costs is set to augment the product penetration, enabling ships to continue using cheaper, high-sulfur fuels while still meeting emission regulations. Additionally, continuous technological advancement to develop more efficient and reliable scrubber systems will create ample business opportunities.

 

Increasing shipbuilding and repair activities in China, South Korea, and Japan are increasing the shipbuilders focus on integrating emission control technologies into new vessel designs to comply with regulatory requirements thereby driving the product integration.  Rising technological advancements including improvements in scrubber design, materials, and automation uplifting the system performance, reliability, and ease of operation, will drive the industry outlook.
 

Asia Pacific Wet Marine Scrubber Systems Market Trends

Increasing government investment, incentives and subsidies to encourage the adoption of clean technologies in the maritime sector will propel the business landscape. Additionally, rising implementation of stringent environmental regulations government bodies to reduce sulfur oxide emissions from ships is set to compel vessel operators to adopt emissions abatement technologies, thereby strengthening the business statistics.
 

Asia Pacific Wet Marine Scrubber Systems Market Analysis

Asia Pacific Wet Marine Scrubber Systems Market Size, By Type, 2022-2032 (USD Billion)
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Based on type, the hybrid segment is projected to surpass USD 4.3 billion by 2032.  Rising demand for scrubbers which can enable ships to use a wide range of fuel types, including high sulfur fuels, will provide cost savings opportunities for vessel operators, thereby fostering the industry outlook. Additionally, the technology offers versatility and compatibility with various vessel types, catering to the diverse needs of the regional maritime industry which will boost the product penetration.
 

Asia Pacific Wet Marine Scrubber Systems Market Share, By Application, 2023
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Based on application the Asia Pacific wet marine scrubber systems market is segmented into commercial, offshore, recreational, navy and others. Among these the navy segment is set to grow at a CAGR of more than 9.5% through 2032. Rising demand for scrubbers offering fuel flexibility to use a wide range of fuel types, including high sulfur fuels, without compromising operational capabilities, providing independence from fuel availability constraints which will influence the product adoption. Furthermore, rising demand for technology addresses environmental concerns and contributes to enhancing operational efficiency and security by mitigating the risk of detection, thereby strengthening the product adoption.
 

Japan Wet Marine Scrubber Systems Market Size, 2022-2032 (USD Billion)
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Japan wet marine scrubber systems market is likely to reach USD 2.3 Billion by 2032. Rising stringent regulations in the maritime sector coupled with the dominance of renowned companies with a strong hold on technological innovation and expertise in marine engineering is driving the business trend in the country.  The economy is a strategic geographical location with an extensive coastline, busy ports, and a high volume of maritime trade thereby necessitating the adoption of emission control technologies.
 

Rising environmental regulations for maritime emissions enforced by the Environmental Protection Agency (EPA) in the U.S. is set to drive the product penetration. Presence of extensive fleet of naval vessels coupled with rising multilateral agreements and initiatives aimed at reducing greenhouse gas emissions will drive the industry outlook.
 

Asia Pacific Wet Marine Scrubber Systems Market Share

Asia Pacific Wet Marine Scrubber Systems Company Market Share

Eminent market players are allocating significant resources to research and development activities to develop next generation scrubber systems, explore alternative technologies, and address emerging market trends and customer preferences effectively. Furthermore, many leading players prioritize sustainability and CSR initiatives to enhance their brand reputation; by promoting eco-friendly practices, reducing carbon footprint, and engaging in community outreach programs.
 

Asia Pacific Wet Marine Scrubber Systems Market Companies

Eminent players operating in the Asia Pacific wet marine scrubber systems industry are:

  • Alfa Laval AB
  • ANDRITZ
  • Duconenv
  • DNV GL AS
  • Damen Shipyards Group
  • Elessent Clean Technologies Inc
  • Exxon Mobil Corporation
  • Fuji Electric Co., Ltd.
  • Kawasaki Heavy Industries, Ltd
  • LiqTech Holding A/S
  • MITSUBISHI HEAVY INDUSTRIES, LTD.
  • PANASIA CO, LTD.
  • Solvay
  • Valmet Corporation
  • Wärtsilä Corporation
     

Asia Pacific Wet Marine Scrubber Systems Industry News

  • In May 2024, LiqTech International, Inc and Dan Marine Group announced a partnership to enhance its presence in China's shipbuilding market. This collaboration aims to expand the company’s offerings in marine scrubber water treatment solutions and EGR water treatment systems for dual fuel marine vessels.
     
  • In July 2020, Chengxi Shipyard in China ordered two SeaSOx wet hybrid scrubber systems from ANDRITZ for their new container vessels, to be operated by Dole post-completion. These projects signify a key milestone as the first references for SeaSOx hybrid technology, showcasing its market expansion.
     

This Asia Pacific wet marine scrubber systems market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume and revenue in “Units & USD Billion” from 2021 to 2032, for the following segments:

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Market, By Type

  • Open loop
  • Closed loop
  • Hybrid
  • Others

Market, By Fuel

  • MDO
  • MGO
  • Hybrid
  • Others

Market, By Application

  • Commercial
  • Offshore
  • Recreational
  • Navy
  • Others

The above information has been provided for the following countries:

  • China
  • South Korea
  • Japan
  • Philippines
  • Vietnam
  • Taiwan
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia

 

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of Asia Pacific wet marine scrubber systems was reached USD 3.3 billion in 2023 and is anticipated to grow at 8.5% CAGR between 2024 and 2032, driven by increasing shipbuilding activities.
The hybrid segment in the Asia Pacific wet marine scrubber systems market is anticipated to reach more than USD 4.3 billion by 2032, due to the rising demand for scrubbers which can enable ships to use a wide range of fuel types, including high sulfur fuels.
Japan wet marine scrubber systems market is anticipated to cross USD 2.3 billion by 2032, attributed to rising stringent regulations in the maritime sector coupled with the dominance of renowned companies with the strong hold on technological innovation.
Alfa Laval AB, ANDRITZ, Duconenv, DNV GL AS, Damen Shipyards Group, Elessent Clean Technologies Inc, Exxon Mobil Corporation, Fuji Electric Co., Ltd., Kawasaki Heavy Industries, Ltd, LiqTech Holding A/S, MITSUBISHI HEAVY INDUSTRIES, LTD., PANASIA CO, LTD., Solvay, Valmet Corporation and Wärtsilä Corporation

Asia Pacific Wet Marine Scrubber Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 61
  • Countries covered: 11
  • Pages: 120
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