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North America Wet Marine Scrubber Systems Market Size
- Report ID: GMI8889
- Published Date: Apr 2024
- Report Format: PDF
North America Wet Marine Scrubber Systems Market Size
North America Wet Marine Scrubber Systems Market size was valued USD 1.2 Billion in 2023 and is anticipated to grow at a CAGR of 11% from 2024 and 2032. These are pollution control devices installed on ships to reduce emissions of harmful substances, primarily sulfur oxides (SOx) and particulate matter, from exhaust gases produced by marine engines. These systems work by directing the exhaust gas through a liquid, typically seawater or freshwater mixed with alkali chemicals, in a scrubbing tower or chamber.
Stringent environmental regulations imposed by governing bodies including the U.S. Environmental Protection Agency (EPA), mandate the reduction of sulfur oxide (SOx) emissions from marine vessels thereby augmenting the industry landscape. Abundant availability of suitable scrubbing mediums, including seawater and freshwater sources, across the region will enhance product penetration. Further, rising awareness and adoption of sustainable practices among shipping companies and fleet operators will contribute to the business growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Wet Marine Scrubber Systems Market Size in 2023: | USD 1.2 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 11% |
| 2032 Value Projection: | USD 3 Billion |
| Historical Data for: | 2019 - 2022 |
| No. of Pages: | 300 |
| Tables, Charts & Figures: | 450 |
| Segments covered: | Type, Fuel, Application and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
North America Wet Marine Scrubber Systems Market Scope
