Marine Scrubber Systems Market- APEJ & Western Europe to Spearhead Demand for Ma
Posted by Arslan on April 18th, 2019
Fact.MR recently released a report titled “Marine Scrubber Systems Market: Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018-2028” which includes key insights into the marine scrubber systems market. The report on marine scrubber systems market includes a thorough analysis of the key factors that influence the growth of the market. Additionally, an extensive assessment of all the micro and macroeconomic facets such as drivers, threats, restraints, threats, and challenges have been included in the report. A thorough opportunity analysis has also been included in the report. In addition to a historical analysis of the marine scrubber systems market, the report also includes an authentic and accurate forecast.
Marine scrubber systems market is expected to continue its steady growth on account of their growing installation and retrofitting on marine engines exhaust systems and boilers on ships. This is attributed to the unique advantages of marine scrubber systems in alleviating harmful sulphur dioxide gas content (Sox) emissions. The worldwide marine scrubber systems market is anticipated to register 20.4% CAGR in terms of value between 2018 and 2028 owing to myriad factors mentioned in Fact.MR report on marine scrubber systems market.
Marine Scrubber Systems Market- Demand for Marine Scrubber Systems for Retrofit Applications to Surge
The marine scrubber systems is foreseen to demand from both greenfield (installing marine scrubber systems on new ships) and brownfield (installing marine scrubber systems on pre-existing ships lacking efficient exhaust cleaning systems). However, the demand for marine scrubber systems in retrofit applications is likely to witness exponential growth, owing to federal interventions and amendments. For instance, the IMO Fuel Sulphur Regulation, which is impeding and is scheduled for January 2020, will ask the existing marine vessels to switch to either low sulphur-concentrated fuels or employ marine scrubber systems for cleaning the exhaust frameworks of SOx.
APEJ continues to be highly lucrative with prime opportunities for manufacturers of marine scrubber systems, with Western Europe & North America following the suit. Key ASEAN countries such as South Korea, China, India, and others are foreseen to stay the forefront of demand for effective marine scrubber systems, notably from renowned merchants as well as commercial fleets across APEJ region.
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The report on marine scrubber systems market provides a concrete definition of the market along with a comprehensive market taxonomy. The report segments the marine scrubber systems market on the basis of technology, application, vessel type, fuel type, and region. Based on technology, the marine scrubber systems market has been segmented into open loop system, closed loop system, and hybrid systems. On the basis of application, the marine scrubber systems market has been segmented into new-build, and retrofit. On the basis of vessel type, the marine scrubber systems market has been segmented into commercial vessels and offshore vessels. Based on the fuel type, the marine scrubber systems market has been segmented into marine gas oil (MGO), marine diesel oil (MDO), residual fuel oil (RFO), and intermediate fuel oil (IFO). A market attractiveness analysis for each of the identified segments has been provided in the report.
As per Fact.MR report on marine scrubber systems market, in technology segment, the wet marine scrubber systems are likely to remain dominant in marine scrubber systems market by accounting for a healthy market share. The report estimates that it will account for over 90% share of the total absolute dollar opportunity in marine scrubber systems market by 2028-end. Ship operators and owners have been adopting open loop wet marine scrubber systems, however, as per the report marine scrubber systems market for the hybrid variants is also likely to witness comparatively healthy growth.
The Fact.MR report on marine scrubber systems market envisaged that based on market value, the worldwide marine scrubber systems market is envisaged to value over US$ 11Bn during 2018-2028.
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About the AuthorArslan
Joined: December 18th, 2017
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