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Europe Marine Scrubber Systems Market Analysis

  • Report ID: GMI8658
  • Published Date: Mar 2024
  • Report Format: PDF

Europe Marine Scrubber Systems Market Analysis

Based on technology, the European market for wet marine scrubber systems will reach USD 2.9 billion by 2032 owing to its superior performance in reducing SOx emissions from the ship exhausts. It offers versatility by effectively removing multiple pollutants, including sulfur oxides, particulate matter, and nitrogen oxides (NOx), simultaneously. This multifunctionality aligns perfectly with the evolving regulatory landscape. Furthermore, growing emphasis on comprehensive emissions reduction strategies will enhance the product penetration.
 

Europe Marine Scrubber Systems Market Share, By Application, 2023

Based on application, the offshore segment is set to grow at a CAGR of around 11.5% through 2032. Offshore vessels, including drilling rigs, offshore support vessels, and floating production storage and offloading (FPSO) units, operate in environmentally sensitive areas with stringent emission regulations. These vessels require effective solutions for reducing sulfur oxide (SOx) emissions, enabling compliance with the regulations while facilitating uninterrupted operations which will stimulate the business landscape. Moreover, ongoing expansion of offshore exploration and production activities in the region, particularly in the North Sea and the Baltic Sea will influence the industry trends.
 

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

Italy marine scrubber systems market is estimated to exceed more than USD 600 million by 2032. Growing pressure to comply with emission standards will strengthen the product demand. Strategic location of the country acts as a major maritime hub in the Mediterranean and advancements in scrubber technology including compact and modular designs, will enhance the system accessibility, thereby improving the product penetration across the economy.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of European marine scrubber systems was reached USD 1.3 billion in 2023 and is anticipated to grow at a rate of 10.7% through 2032, driven by stringent environmental regulations aimed at reducing emissions from ships operating in coastal and inland waters.

Wet marine scrubber systems segment held a decent market share in 2023 and is anticipated to reach around USD 2.9 billion by 2032 owing to its superior performance in reducing SOx emissions from the ship exhausts.

Italy marine scrubber systems industry held a notable revenue share in 2023 and is anticipated to exceed USD 600 million by 2032, driven by the growing pressure to comply with emission standards.

Alfa Laval AB, ANDRITZ, DuPont Clean Technologies, Damen Shipyards Group, Ecospray Technologies S.r.l., EGCSA Engineering Corp., Fuji Electric Co., Ltd., Green Tech Marine Engineering, Hug Engineering AG are some of the major industry contenders.

Europe Marine Scrubber Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 450
  • Countries covered: 7
  • Pages: 300
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