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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.
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 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.