PUBLISHER: The Business Research Company | PRODUCT CODE: 1270411
PUBLISHER: The Business Research Company | PRODUCT CODE: 1270411
“Scrubber System Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on scrubber system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for scrubber system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The scrubber system market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major players in the scrubber system market are Alfa Laval AB, Nederman MikroPul LLC, Wartsila Corporation, Yara Marine Technologies AS, DuPont de Nemours Inc., CECO Environmental, Evoqua Water Technologies Corp., Verantis Corporation, Fuji Electric Co Ltd., HAMON, Babcock & Wilcox Enterprises Inc., Valmet Oyj, Tri-Mer Corporation, GEA Group AG, Croll Reynolds, and Fabritech Engineers.
The global scrubber system market is expected to grow from $3.45 billion in 2022 to $3.72 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The scrubber system market is expected to grow to $4.94 billion in 2027 at a CAGR of 7.4%.
The scrubber system market consists of sales of chemical scrubbers or gas scrubbers, chlorine scrubbers, venturi or particulate scrubbers, multi-vane (MVS) scrubbers, particulate or dust scrubber, ammonia scrubbers, sulfuric acid scrubbers, dry sorbent injector, dry spray absorbers, cyclone spray chambers, spray towers, impingement or perforated plate scrubbers and orifice scrubbers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Scrubber system refers to pollution control devices that remove harmful materials and substances from industrial exhaust fumes before they are released into the environment.
Asia-Pacific was the largest region in the scrubber system market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the scrubber system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of scrubber system are wet scrubber and dry scrubber. A wet scrubber is a type of scrubber that uses a combination of wet materials to remove acidic gases and dangerous pollutants from industrial exhaust gases before their release into the environment. Wet scrubbers are commonly used to remove acid gases and harmful pollutants by scrubbing liquids from exhaust gas from furnaces or other devices. It uses wet technology and dry technology. It is used in onshore and offshore applications. It is used by oil and gas, automotive, food and beverage, and chemical industries.
The rising demand for scrubber systems from the marine industry is expected to propel the growth of the scrubber systems markets going forward. The marine industry refers to an industry involving waterborne commerce, such as carrying out tasks onboard commercial, exploration, service, or other vessels moving across the ocean, inland waterways, coastal areas, harbors, and other noncontiguous places. Scrubber systems in marine industries are used to reduce or remove harmful materials and substances from ship-exhausted fumes to make limited toxic releases in the environment. For instance, in October 2022, according to a study conducted by Chalmers University of Technology, a Sweden-based university for science and technology, approximately 4,000 ships, or 16% of all cargo ships, and a third of all cruise ships utilize scrubbers globally today. Therefore, the rising demand for scrubber systems from the marine industry is driving the growth of the scrubber systems market.
Product innovation is a key trend gaining popularity in the scrubber systems market. Major companies operating in the market are focused on research and development for product innovations to sustain their position in the market. For instance, in November 2021, Wartsila Corporation, a Finland-based company specializing in innovative technologies and lifecycle solutions for the marine and energy markets, introduced the IQ Series exhaust gas treatment system, a small scrubber system for container vessels. The IQ Series scrubber can produce the same exhaust gas cleaning results while taking up less space which is 25% smaller, 30% lighter, and 35% smaller in volume. This innovative design allows the same exhaust gas cleaning results to be achieved within a smaller footprint. Furthermore, the IQ series can be added with additional technologies, such as exhaust gas recirculation (EGR) to reduce NOx, a black carbon filter to reduce particulate matter (PM).
In July 2021, Andritz AG, an Austria-based international technology group that offers plants, equipment, systems, and services for various industries acquired GE Steam Power for an undisclosed amount. Through this acquisition, Andritz AG aims to strengthen its product portfolio in pollution control which includes electrostatic precipitators, dry/semi-dry flue gas treatment, and industrial scrubbing. GE Steam Power is a US-based energy technology company which offers industrial scrubbing, including condensation scrubbers and low-temperature heat recovery solutions.
The countries covered in the scrubber system market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The scrubber system market research report is one of a series of new reports from The Business Research Company that provides scrubber system market statistics, including scrubber system industry global market size, regional shares, competitors with a scrubber system market share, detailed scrubber system market segments, market trends and opportunities, and any further data you may need to thrive in the scrubber system industry. This scrubber system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.