Scrubber System Market: Business Strategies, Future Growth Study
According to Market Research Future (MRFR), the global scrubber system market is estimated to hit USD 1.7 billion at 12.3% CAGR between 2018 and 2023 (forecast period). The report offers a COVID-19 overview of the global scrubber system market. It provides an extensive summary of market segments, emerging trends, growth, market forecasts, and challenges to identify current growth opportunities.
The scrubber system can be regarded as an essential component in the regulation of air pollution. Maintaining a safe level of emissions in the industry has become the utmost important, considering the concerns posed by the authorities about environmental damage. As a result, in the scrubber system market, many companies are now incorporating scrubber systems into their manufacturing process. Scrubber systems protect the exhaust streams of factories and vessels from any gases or particulate. This lessens the amount of pollution in the air.
The scrubber system operates by injecting liquid agents to wash unwanted pollutants out of the gas stream or by using dry reagents to flush out acid gases. It can also be used for heat recovery in flue-gas condensation.
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Regional Analysis
Region-specific analysis of the global scrubber system market encompasses North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Europe is the fastest-growing region in terms of revenue generation. The area has rigorous government policies on emissions, which have forced many companies to introduce scrubber systems in their production capacity. Ships are also effectively following the process.
The effect of North America on the market is also very substantial. The area adheres to global policies aimed at upholding environmentally safe standards. The APAC area is also expected to show significant growth. Dramatic improvements can be expected from an increase in environmental awareness and environmental protection education. China and South Korea are lucrative markets that business titans would like to explore.
Market Dynamics
Strict policies used by governments to tackle air pollution can be a key factor in the demand growth of the scrubber system during the forecast period. Simultaneously, maritime transport and seaborn trade are seeing an increase. The shipping industry has a stringent rule to comply with when it comes to gaseous pollution. This can also help to balloon the demand for scrubber services.
On the other hand, safety requirements are very stringent and take a long time for approval, which may dampen the market outlook of the scrubber system over the forecast period.
Key Players
Prominent participants involved in the global scrubber system market are Alfa Laval, Nederman Mikropul, Fuji Electric, Wärtsilä, Alfa Laval, Yara Marine, DuPont, Evoqua, Verantis, Croll Reynold, CECO, Fabritech Engineers, Beltran Technologies, and others.
Market Segmentation
The global scrubber system market has been segmented into type, orientation, application, and end-use industry.
By type, the global scrubber system market has been segmented into a wet scrubber system and dry scrubber system. The dry scrubber system is leading the market.
By orientation, the global scrubber system market has been segmented into vertical and horizontal. The horizontal segment is the current bellwether.
Based on the application, the global scrubber system market has been segmented into onshore and offshore. The offshore segment is setting the paths for the market.
Based on end-user industries, the global scrubber system market has been segmented into oil & gas, automotive, food & beverages, and chemicals. Oil & gas is the leading segment.
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