Offshore Marine Selective Catalytic Reduction Systems Market Size- By Application (AHTS, PSV, FSV, MPSV), Regional Outlook & Forecast, 2024 – 2032

Offshore Marine Selective Catalytic Reduction Systems Market Size

Offshore Marine Selective Catalytic Reduction Systems Market was valued at USD 278.7 million in 2023 and will grow at a CAGR of 6.6% between 2024 and 2032. A Marine Selective Catalytic Reduction (SCR) system is a technology used in marine engine exhaust systems to reduce the emission of nitrogen oxides (NOx), which are pollutants that contribute to air pollution and can have adverse effects on human health and the environment. The system is designed to reduce NOx emissions selectively and efficiently by using a chemical reaction.
 

The SCR systems are commonly employed in various marine vessels and platforms, including offshore support vessels, drilling rigs, production platforms, and floating production storage and offloading (FPSO) units. Growing focus toward adherence to international and regional environmental regulations, including those set by the International Maritime Organization (IMO) and local authorities along with these systems effectively mitigating the environmental impact of offshore activities will drive the business scenario. In Addition, the offshore areas have sensitive ecosystems and wildlife, which will support minimize the environmental impact of industrial activities, thereby augmenting the industry landscape.
 

COVID- 19 Impact

The COVID- 19 pandemic led to disruptions and delays in global supply chains, affecting the SCR systems depending on numerous factors including the type of vessels, the economic context, and the regulatory landscape. Companies in the maritime sector faced financial challenges, which might have impacted their ability to invest in modern technologies, including SCR systems. Additionally, shipping and offshore operations were affected by crew shortages, quarantine measures, and port restrictions during the pandemic, thereby affecting the product demand. However, shifting focus of the manufacturers to prioritize environmental compliance, operational efficiency, and sustainability initiatives will influence the business statistics.
 

Offshore Marine Selective Catalytic Reduction Systems Market Trends

Increased emphasis on international collaboration to address climate change and environmental impact coupled with collaborative efforts to reduce greenhouse gas emissions and air pollutants will stimulate the adoption of SCR systems. Continuous advancements in the technology have led to large scale adoption of more efficient and cost-effective systems. These improvements make the SCR systems an increasingly attractive option for the offshore operators looking to upgrade their equipment and comply with the evolving emission standards.
 

Offshore Marine Selective Catalytic Reduction Systems Market Analysis

Based on application, the AHTS offshore marine selective reduction systems will hold more than 36.5% of the revenue share by 2032. Anchor Handling Tug Supply (AHTS) vessels are a specific type of offshore support vessel that plays a crucial role in anchor handling, towing, and supplying operations for offshore platforms, rigs, and other installations. These typically use powerful diesel engines for propulsion and auxiliary operations. Further, the SCR systems are integrated into the vessel's propulsion and auxiliary engines, which are designed to work seamlessly with the engines, optimizing combustion and reducing NOx emissions without compromising on the overall engine performance, thereby stimulating the business statistics.
 

Platform Supply Vessels (PSVs) are specialized vessels designed to support offshore oil and gas platforms by transporting equipment, supplies, and personnel. The typical marine SCR system for PSV vessels includes components such as an ammonia injection system, a catalyst, and control systems. The ammonia injection system introduces a reducing agent (often urea) into the exhaust stream, and the catalyst facilitates the chemical reaction that converts NOx into nitrogen and water. In addition, the vessels are designed to operate in dynamic offshore conditions, wherein the SCR systems under varying loads, speeds, and operational scenarios, ensuring reliable NOx reduction in different environmental conditions.
 

North America offshore marine selective catalytic reduction systems market will account for over USD 101 million by 2032. Stringent environmental regulations set by regulatory bodies including the Environmental Protection Agency (EPA) in the United States support offshore vessel operators to adopt SCR systems. The designation of Emission Control Areas in North American waters, including the U.S. Caribbean Sea ECA along with the U.S. & Canadian Atlantic and Pacific ECAs, imposes stricter emission limits, which will continue to sway the market trends. Furthermore, the government provide incentives and subsidies including tax credits, or grants which will influence the vessel operators to invest in the SCR systems as part of a broader effort to promote environmental sustainability, which will augment the industry dynamics.
 

Offshore Marine Selective Catalytic Reduction Systems Market Share

The key industry players are establishing partnerships and collaborations with local distributors, suppliers, or service providers to enhance their market reach. Identifying and entering new geographical markets along with expanding the range of emission control solutions beyond SCR systems to offer comprehensive solutions that address various environmental compliance requirements. Key manufacturers continually look at diversifying product offerings to include systems that cater to different engine sizes, vessel types, and applications.
 

Offshore Marine Selective Catalytic Reduction Systems Market Companies

Eminent players operating in the offshore marine selective catalytic systems industry are:

• Agriemach Ltd.
• Caterpillar
• Ceco Environmental
• DCL International LLC
• DEC Marine AB
• Ecourea
• Ecospray Technologies S.r.l.
• Environmental Energy Services Corporation
• HHI Engine & Machinery
• Hitachi Zosen Corporation
• H+H Engineering & Service GmbH
• Hug Engineering
• Industrial & Marine Silencers Ltd.
• Johnson Matthey
• Kwang Sung
• Lindeberg-Anlagen GmbH
• MAN Energy Solutions
• Mitsubishi Heavy Industries, Ltd.
• Nett Technologies, Inc.
• Panasia Co., Ltd.
• Wartsila
• Yara
   

Offshore Marine Selective Catalytic Reduction Systems Industry News

• In March 2023, Caterpillar dealer Trakindo received an order for 100 CAT C32 engines. The engine is equipped with high power to weight ratio, producing between 600 hp to 1800 hp at 2,300 rpm. The engines are further IMO III compliant with the addition of a selective catalytic reduction system. This will support the company leverage its relationships with its partners to fulfill the order requirements, thereby contributing to the brand value.
   
• In June 2023, Acta Marine repowered the vessel Offshore Waddenzee with Volvo D13 Tier III engines equipped with an SCR system to lower the NOx emissions. The vessel is deployed on the Dutch Wind farm, supports lower 73% of NOx emissions and performs crew and cargo transfers. Additionally, it will support the company lower the CO2 emissions on the project.
   

This offshore marine selective catalytic reduction systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘Units & USD Million’ from 2024 to 2032 for the following segments:

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Market, By Application

• AHTS
• PSV
• FSV
• MPSV
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • Italy
  • Norway
  • France
  • Russia
  • Denmark
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Vietnam
  • Indonesia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Iran
  • Angola
  • Egypt
  • South Africa
• Latin America
  • Brazil
  • Argentina
  • Mexico