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Offshore Marine Emission Control Systems Market Trends

Report ID: GMI10268
Published Date: Jul 2024
Report Format: PDF

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Offshore Marine Emission Control Systems Market Trends

Rising innovations such as hybrid scrubbers, advanced SCR systems, and integrated particulate matter filters to enhance performance and reduce operational costs of these systems are augmenting the product adoption in offshore applications. Growing pressure from the public and stakeholders, including environmental organizations and investors, for the maritime industry to reduce its environmental impact is an additional factor stimulating the business landscape.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of offshore marine emission control systems was reached USD 2.5 billion in 2023 and is anticipated to grow at 8.3% CAGR during 2024 to 2032, driven by rising stringent environmental regulations set by international and regional bodies.

The MDO segment of the offshore marine emission control systems market is anticipated to exceed USD 3.4 billion by 2032, on account of its lower sulfur content, leading to reduced SOx emissions.

Europe offshore marine emission control systems market size is anticipated to exceed USD 1.1 billion by 2032, driven by rising implementation of stringent regulatory standards aimed at reducing air pollution from maritime activities.

MAN Energy Solutions, Schneider Electric, Tenneco Inc, Valmet Corporation, Wärtsilä, and Yara International ASA among others.