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Gas Scrubber Market Size
Gas scrubber Market is slated to showcase substantial growth over 2024-2032 driven by the stringent regulatory norms and policies pertaining to the emission of toxic gases.
In November 2021, the Biden Harris Administration released the U.S. Methane Emissions Reduction Action Plan to curb greenhouse gas (GHG) emissions across oil & gas, agriculture, abandoned mines, landfills & food waste, and building & industrial sectors. Similar initiatives worldwide have spurred the adoption of gas scrubbers in waste-to-energy plants, driving the industry growth.
Further, there is widespread deployment of scrubbers in marine vessels over recent years, utilized as exhaust gas cleaning systems (EGCS), aimed at eradicating harmful components. With the growing emphasis on reducing sulfur emissions and creating healthier & safer environments, the adoption of marine scrubber systems is expected to rise significantly.
Gas Scrubber Market Trends
One notable trend is the increasing adoption of advanced scrubbing technologies. Companies are investing in innovative scrubber systems capable of efficiently removing harmful pollutants, including nitrogen oxides (NOx) and particulate matter, from exhaust gases. Additionally, there is a growing emphasis on developing scrubber solutions that are more cost-effective, energy-efficient, and eco- friendly. These trends will shape the overall industry outlook in the coming years.
The outbreak of the Russia-Ukraine war consolidated the supply chain disruptions caused by the COVID-19 pandemic. With Russia playing a pivotal role in the oil & gas sector, the war introduced new challenges for the manufacturers of gas scrubbers. Various countries opposed the invasion by implementing harsh sanctions on Russian oil, whereas several companies ended business with Russian counterparts, hindering the industry outlook.
Gas Scrubber Market Analysis
The oil & gas segment is anticipated to report significant growth through 2032 led by the surging number of oil & gas exploration activities worldwide. The widespread adoption of advanced scrubbing technologies by numerous rig operators boosts the efficiency of exploration & production projects, while lowering operational expenses. Also, due to the imposition of stringent carbon emission norms, government bodies worldwide are encouraging companies to adopt energy-efficient technologies for offshore and onshore applications.
North America gas scrubber industry is poised to amass sizeable growth over 2024 and 2032 on account of the rapid integration of strict environmental policies and norms associated with the improvement of air quality. The U.S. and Canada are ramping up efforts to curb industrial emissions whilst improving production output. Moreover, the region’s massive shipping sector, is fostering the demand for gas scrubber systems to reduce expenditure on clean-up and maintenance, thereby accelerating the regional market growth.
Gas Scrubber Market Share
The competitive landscape of the gas scrubber industry includes players such as Wärtsilä, Dow Chemical Company, Fuji Electric (Furukawa Group), Babcock & Wilcox Enterprises, Johnson Matthey, Alstom, Donaldson Company, Inc., Mitsubishi Hitachi Power Systems, and Wahlco, Inc. These companies are boosting innovations for scaling their revenues, through investments in R&D.
Gas Scrubber Industry News
- In February 2024, Norwegian shipping company Siem Offshore collaborated with Finnish technology group Wärtsilä to work on solutions to reduce carbon emissions from its fleet of 26 vessels. Their aim is to achieve complete carbon neutrality by 2050.