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Marine Selective Catalytic Reduction Systems Market Share

Report ID: GMI2942
Published Date: Feb 2023
Report Format: PDF

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Marine Selective Catalytic Reduction Systems Market Share

The competitive landscape of the marine selective catalytic reduction systems market consists of companies such as

Industrial & Marine Silencers Ltd.
Nett Technologies, Inc.
Ceco Environmental
Environmental Energy Services Corporation
Mitsubishi Heavy Industries, Ltd.
Lindenberg-Anlagen GmbH
Agriemach Ltd.
DEC Marine AB
H+H Engineering & Service GmbH
Caterpillar
DCL International Inc.
Hug Engineering
Panasia Co., Ltd.
Kwang Sung
Hitachi Zosen Corporation
HHI Engine & Machinery
Wartsila

These firms are focusing on advanced product launches and business expansion strategies to reinforce their footprint in the industry.

For instance, in April 2021, Wartsila unveiled an integrated engine designed to be combined with the Selective Catalytic Reduction system to comply with the Stage II marine engines emission standard in China. This advanced solution also integrated 20 marine engines with a NOx reducer, enabling the company to enhance its portfolio and establish a strong presence in the industry.

Authors: Ankit Gupta, Sristhi Agrawal

Frequently Asked Questions (FAQ) :

The market size of marine selective catalytic reduction systems crossed USD 4.5 billion in 2022 and is slated to depict over 6% gains through 2032, due to the implementation of stringent maritime emission-reduction regulations.

The offshore segment is expected to reach USD 4.5 billion by 2032, considering the rapid expansion of global sea route networks.

The North America market value poised to surpass over USD 1 billion by 2032, owing to the rising focus on the upgradation of traditional vessels and the implementation of stringent emission reduction norms.

Key players in the global marine selective catalytic reduction systems industry include Industrial & Marine Silencers Ltd., Environmental Energy Services Corporation, Mitsubishi Heavy Industries, Ltd., Caterpillar, Hitachi Zosen Corporation, and Wartsila, among others.