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Offshore Wet Marine Scrubber Systems Market Trends

Report ID: GMI12026
Published Date: Oct 2024
Report Format: PDF

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Offshore Wet Marine Scrubber Systems Market Trends

Increasing demand for products offering economic advantages by enabling the use of high-sulfur fuel, which is typically less costly than low-sulfur alternatives will create lucrative opportunities for technology adoption. Growing global shift towards decarbonization to achieve net-zero emissions targets by reducing greenhouse gas (GHG) emissions, particularly sulfur oxides, which contribute to acid rain and respiratory issues, will complement the product penetration.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The global market size for offshore wet marine scrubber systems was valued at USD 1.23 billion in 2023 and is expected to reach USD 2.9 billion by 2032, driven by a CAGR of 9.8% from 2024 to 2032.

Hybrid systems are projected to grow by more than USD 1.6 billion by 2032, due to their ability to switch between open-loop and closed-loop modes, which is beneficial for vessels operating in multiple regulatory zones.

Asia Pacific market is anticipated to grow by more than USD 1.4 billion by 2032, driven by the implementation of stricter emission regulations and the presence of a large market for offshore oil and gas exploration and production.

Major players in the industry include ANDRITZ, Durr Systems, DuPont Clean Technologies, Duconenv, Ecospray Technologies, Fuji Electric, Hyundai Heavy Industries, Valmet, and Wartsila.