Home > Energy & Power > Emerging Energy Technologies > Environmental Control Solutions > Offshore Marine Selective Catalytic Reduction Systems Market

Offshore Marine Selective Catalytic Reduction Systems Market Trends

Report ID: GMI8131
Published Date: Feb 2024
Report Format: PDF

Download Free Sample

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.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of offshore marine selective catalytic reduction systems was reached USD 278.7 million in 2023 and is set to expand at 6.6% CAGR from 2024 to 2032, driven by the growing focus toward adherence to international and regional environmental regulations.

Offshore marine selective catalytic reduction systems market from the AHTS application segment will account for over 36.5% revenue share by 2032 attributed to increasing use in powerful diesel engines for propulsion and auxiliary operations.

North America offshore marine selective catalytic reduction systems industry size exceeded USD 101 million by 2032 owing to the stringent environmental regulations set by regulatory bodies, including the EPA.

Some of the leading firms operating in the global market are Agriemach Ltd., Caterpillar, Ceco Environmental, DCL International LLC, DEC Marine AB, Ecourea, Ecospray Technologies S.r.l., HHI Engine & Machinery, Hitachi Zosen Corporation, H+H Engineering & Service GmbH, Hug Engineering, Johnson Matthey, Kwang Sung, Lindeberg-Anlagen GmbH, MAN Energy Solution, Mitsubishi Heavy Industries, Ltd., Nett Technologies, Inc., among others.