 |
| Global Scrubber System Market Size |
Scrubber systems are used in ships to remove sulfur and particulate matter from
the flue gases. Scrubbers play an important role in reducing emissions and
protecting the environment. The rising regulations on emissions from
international vessels have increased focus on effective scrubbing systems.
The global
Scrubber System Market is estimated to be valued at US$ 1.93 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 -2031, as
highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased regulations on emissions from ships by International Maritime
Organization has accelerated demand for scrubber systems over the recent years.
The emission control areas set stringent emission norms that have encouraged
ship owners and operators to adopt exhaust cleaning systems like scrubbers in
order to comply with regulations and avoid penalties. Growing compliance
towards sulfur emission regulations in maritime industry is expected to drive
the scrubber system market during the forecast period.
Segment Analysis
The global scrubber system market is dominated by wet scrubbing technology
segment. Wet scrubbing utilizes a liquid, such as water or alkaline chemical
solutions, to remove pollutants from gas streams. This technology is highly
effective in removing acid gases such as sulfur dioxide, hydrogen chloride and
hydrogen fluoride from power plant flue gases. Wet scrubbing systems are able
to achieve over 95% removal of sulfur dioxide. Hence, wet scrubbing technology
is widely adopted across coal fired power plants and cement plants globally to
comply with stringent pollution norms.
Key Takeaways
Global
Scrubber System Market Size is estimated to be valued at US$ 1.93 Mn in 2023 and is expected to exhibit a CAGR of 4.2% over the forecast period 2023 -2031.
Regional analysis: North America region is expected to hold the major share in
the scrubber system market during the forecast period. Strict environmental
legislations like MARPOL Annex VI related to reduction of sulfur oxide
emissions from ships are driving the adoption of scrubber systems in maritime
industry in countries like U.S. and Canada.
Key players analysis: Key players operating in the scrubber system market are
Nike Inc., Adidas AG, Bata Limited, Puma SE, Columbia Sportswear Company, The
Dow Chemical Company, Huntsman Corporation, and BASF SE. BASF SE offers a wide
range of chemicals and catalysts for wet gas scrubbing systems to remove acid
gases like sulfur dioxide from flue gases of power plants and industrial
boilers.
Explore More Related Article On This
Topic: https://www.ukwebwire.com/scrubber-systems-market-size/
Explore More Related Article: https://medium.com/@gauri.cmi01/the-global-concentrated-solar-power-market-growth-accelerated-by-rising-demand-for-clean-energy-416cfabe5aac