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Offshore Marine Scrubber Systems Market Analysis

  • Report ID: GMI8879
  • Published Date: Apr 2024
  • Report Format: PDF

Offshore Marine Scrubber Systems Market Analysis

Based on technology, the market is segmented into wet and dry technology. The wet technology segment is set to surpass USD 2.9 billion by 2032. These systems are highly effective in removing sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter from exhaust gases to efficiently enable vessels to comply with stringent emissions regulations imposed by international bodies thereby boosting product growth. It offers versatility and adaptability, allowing systems to be customized to suit the specific requirements of different vessel types and operational conditions. Additionally, this property ensures optimal pollutant capture and treatment across a wide range of marine applications, thereby positively influencing the product demand.
 

Offshore Marine Scrubber Systems Market Share, By Application, 2023

Based on application, the offshore marine scrubber systems market is segmented into AHTS, PSV, FSV, MPSV and Others. The FSV segment is poised to expand at a CAGR of over 11.6% through 2032, on account of increasing deployment and their pivotal role in supporting offshore oil and gas operations, offshore wind farms, and other maritime activities.
 

Growing demand for FSVs owing to expanding offshore energy sector, including oil and gas exploration and production activities, as well as the rapid development of wind energy projects will accelerate the scrubber industry growth. Increasing regulatory pressure to reduce emissions and comply with stringent environmental regulations, shipowners and operators will propel these scrubber demands across the FSV application.
 

Asia Pacific Offshore Marine Scrubber Systems Market, 2022-2032 (USD Million)

Asia-Pacific offshore marine scrubber systems market is anticipated to cross USD 1.7 billion by 2032. Booming maritime industry fueled by robust trade volumes, increasing seaborne transportation, and growing offshore energy exploration and production activities will accelerate product adoption. Furthermore, rising focus on sustainable development and green initiatives will drive investment in cleaner and more environmentally friendly maritime technologies, including scrubber systems.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of offshore marine scrubber systems recorded USD 1.4 billion in 2023 and is set to witness 9.8% CAGR from 2024 to 2032, due to the rising awareness about the adverse health effects of air pollution and strict regulations imposed by international bodies to reduce harmful emissions from marine vessels.

The wet technology segment will account for over USD 2.9 billion by 2032, owing to their high effectiveness in removing sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter from exhaust gases.

Asia Pacific market size is projected to be worth more than USD 1.7 billion by 2032, accrued to the thriving maritime industry, increasing seaborne transportation, and growing offshore energy exploration and production activities.

ABB, ANDRITZ, ALEC Energy, Damen Shipyards Group, Eaton, Fuji Electric Co., Ltd., General Electric, Hitachi Energy Ltd., Keppel Offshore & Marine Ltd, KwangSung, MITSUBISHI HEAVY INDUSTRIES, LTD., Schneider Electric, SAACKE GmbH, VDL AEC Maritime B.V., Wartsila are some of the major offshore marine scrubber systems companies worldwide.

Offshore Marine Scrubber Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 670
  • Countries covered: 12
  • Pages: 410
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