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Marine Emission Control Systems Market Trends

Report ID: GMI2542
Published Date: Dec 2024
Report Format: PDF

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Marine Emission Control Systems Market Trends

Growing implementation of corporate social responsibility (CSR) initiatives by shipping companies to emphasize sustainability and environmental responsibility will complement the product penetration. Additionally, increased investments by maritime organizations to align with these initiatives, improve their corporate reputation, meet stakeholder demands, and support global sustainability objectives will uplift the industry growth.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of marine emission control systems reached USD 13.1 billion in 2024 and is set to grow at a 7.7% CAGR from 2025 to 2034, driven by stringent regulatory frameworks related to emissions.

The hybrid segment is set to expand at a CAGR of over 8.1% through 2034, l by their lower emissions of sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter (PM).

The U.S. market is anticipated to surpass USD 3.9 billion by 2034, influenced by stringent enviroednmental regulations enforced by organizations such as the Environmental Protection Agency (EPA) and compliance with International Maritime Organization (IMO) standards.

The key players in the industry include ALFA LAVAL, Babcock and Wilcox Enterprises, Clean Marine, CR Ocean Engineering, Ecospec, Ecospray Technologies, Fuji Electric, Langh Tech, ME Production, Tenneco, VDL AEC Maritime, Valmet Corporation, Wartsila, and Yara International.