Scrubber System Market is Anticipated to Rise by 12% CAGR During 2022-2028
The scrubber system market is predicted to grow from 1.21 USD in 2020 to 3.0 USD in 2028 at a Compound Growth Component (CAGR) of 12% over the forecast period. Scrubber systems function by injecting a liquid agent into a gas stream to remove undesired pollutants or by employing dry reagents to remove acid gases. It can also be utilized for heat recovery in flue-gas condensation. Scrubber systems are a key component in the management of air pollution.
Government laws aimed at combating air pollution may have a significant role in the growth of the scrubber system market over the predicted period. Simultaneously, marine transit and seaborne trade are on the rise. When it comes to gaseous emissions, the maritime sector must follow tight regulations. This may also aid in the expansion of the scrubber service sector. On the other hand, safety regulations are fairly tight and approval takes a long time, which may reduce the scrubber system market prospects throughout the projection period. Though the maritime industry has introduced new gas emission laws which are likely to cause a growth in the scrubber system market by instigating its demand. Scrubber systems help shipowners comply with MARPOL standards by allowing them to use cheaper fuel with high sulfur content.
Scrubber systems are classified into two types: dry and wet. A wet system is used to clean fuel gas, air, and other gases of contaminants and particulates. In this, a scrubbing solution is used which comes in contact with particle debris or substances. Such solutions can be created with water or reagents that target certain molecules. The wet system is usually thought to be the most effective air pollution control technology for collecting both gas and particles. Wet scrubbers are classified into three types: venturi, packed bed, and spray scrubber. Whereas, some of the primary end-user sectors include petrochemicals and chemicals, marine, oil and gas, medicines, glass, pulp, paper, food, agriculture, wastewater treatment, mining, and metallurgy are some of the other end-users
The scrubber system market is mainly bifurcated according to region, including North America, Europe, Asia Pacific, and the rest of the world. In terms of revenue generation, Europe has the fastest rate of growth. The region's government has relatively strong pollution rules, which has led several firms to put scrubber systems in their production capacity. Ships are also closely observing the process. North America has a significant market influence as well. The region satisfies worldwide rules to preserve environmentally safe standards. The Asia Pacific area is also predicted to have significant growth. The increased eco-awareness and education on environmental protection may be expected to cause a dramatic shift. South Korea and China are both profitable markets that market titans would like to enter.
Alfa Laval (Switzerland), Nederman MikroPul (Australia), Wärtsilä (Finland), Yara Marine (Norway), DuPont (USA), CECO Environmental (USA), Evoqua (USA), Francis (USA), Fuji Electric (Japan), Croll Reynold (USA), Fabritech Engineers (India), Beltran Technologies (USA), and others are among the prominent competitors in the scrubber system industry.
Browse the full Report - Scrubber System Market by Type (Wet Scrubber System, and Dry Scrubber System), by End-user ((Marine, Oil & Gas, Petrochemicals & Chemicals, Pharmaceuticals, Glass, and Others), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)