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Marine diesel oil (MDO) segment accounted for over 65% of the market share in 2023. Key factors including compatibility with both open-loop and hybrid scrubber systems will enhance the product penetration. Furthermore, MDO being medium-distillate fuel, contains lower sulfur content compared to Heavy Fuel Oil (HFO), making it compliant with stringent emissions regulations. Additionally, the fuel is readily available and can be used across both existing and new vessels, making it the preferred choice for retrofit installations of scrubber systems.
Based on application, the recreational segment is set to grow at a CAGR of over 10% through 2032. Shifting focus to reduce the environmental footprint across the recreational vessels including yachts, cruise ships, and pleasure craft among others will influence the business trends. Stringent regulations & mandates coupled with growing environmental awareness to reduce emissions in leisure boats will augment the demand for retrofitting scrubber systems, thereby complementing the market growth.
Asia-Pacific dry marine scrubber systems market is valuation projected to surpass more than USD 1.2 billion by 2032, driven by stringent emissions regulations, particularly in key maritime nations comprising of China, Japan, and South Korea will augment the business landscape. Rapid industrialization, urbanization, and increasing trade activities along with growing concerns about air pollution and environmental sustainability, will lead to enhanced product adoption. Rising retrofit installations, technological advancements, along with shifting focus on green shipping initiatives will fuel the market expansion.