Marine Scrubbers System Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the marine scrubber system market was valued at USD 5.1 billion, and a CAGR of 16.5% is anticipated during the forecast period. While keeping on using sulfur fuel, a significant number of ship holders had chosen the option to retrofit their ships with marine scrubbers to keep on with international regulations. Increasing demand from fleet owners for new build types with marine scrubbers on their ships is driving growth in the market.

Rising demand for retrofits and newly built marine scrubbers is largely driving the growth in the market significantly. Increasing demand for ships as an essential mode of transportation is another factor driving growth in the market. Increasing trade with the help of ships is one of the prominent factors behind the significant growth in the market.

Growth Drivers

Rising demand for marine vessels is driving growth in the market significantly. Large enterprises increasing their investment in marine vessels is driving growth in the market. Lower operational costs and increased cargo space are fueling the use of automated technology in commercial vessels. Rising emphasis on the manufacturing of modern marine boats is driving the market growth significantly. Regulations imposed by the International Maritime Organization, such as the IMO 2020 mandate, and cap sulfur content in marine fuel, along with cost-effectiveness in scrubber systems with increasing global maritime trade, are driving growth in the market.

 Increasing awareness about reducing the marine industry’s carbon and sulfur footprint is driving growth in the market. Scrubber systems provide cost-effective solutions for shipowners planning long-term operations under strict environmental norms, driving growth in the market significantly. Incentives and subsidies for emission control technologies in key maritime nations support the adoption of scrubber systems. Increasing industrialization in emerging economies have brought a significant change in market dynamics. Increasing demand for new build types with marine scrubbers on their ship is driving growth in the market significantly.

Segmentation

Technology

·         Wet

o   Open Loop

o   Closed Loop

o   Hybrid

·         Dry

Application

·         New Build

·         Retrofit

Vessel Type

·         Commercial Vessels

·         Offshore Vessels

·         Navy Vessels

Fuel Type

·         Marine Diesel

·         Intermediate Fuel Oil

·         Residual

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Marine Scrubber Systems Market by Vessel Type Segmentation

On the basis of the vessel type, the marine scrubber systems market is segmented into customer vessels, offshore vessels, and navy vessels. Offshore vessels are the leading segment and are expected to dominate the market during the forecast period. It heavily relies on scuba systems for underwater inspections, maintenance, and repair tasks.

Increasing demand for navy vessels in defense applications, where scuba systems are essential for tactical diving, rescue missions, and underwater gravel. Commercial vessels are used for tourism, underwater exploration, and other commercial activities. This segment is growing rapidly in regions and emphasizing marine tourism in Caribbean islands and Southeast Asia. Increasing demand from fleet owners for new build types with marine scrubbers on their ships is driving growth in the market.

Marine Scrubber Systems Market by Fuel Type Segmentation

On the basis of the fuel type, the marine scrubber systems market is segmented into marine diesel, intermediate fuel oil, and residual. Marine diesel is the cleaner-burning fuel compared to intermediate and residual fuels, which are leading the market and are expected to dominate the market during the forecast period. Ships using marine diesel are still opting for scrubber systems to meet stringent emission regulations such as IMO 2020.

The demand for the scrubbers in this type is lower in comparison to residual fuels. Intermediate fuel oil is a blend of heavy and lighter fuels, often used in medium-sized vessels. Increasing awareness about reducing the marine industry’s carbon and sulfur footprint is driving growth in the market. Scrubber systems provide cost-effective solutions for shipowners planning long-term operations under strict environmental norms, driving growth in the market significantly.

Residual fuel is the most common fuel, which is used in the case of heavy vessels like bulk carriers, tankers, and container ships. Due to low costs, many ship operators prefer using HFO in conjunction with scrubber systems. Residual fuel is expected to dominate the market during the forecast period due to widespread use of it in large vessels significantly. Greater commitment to environmental sustainability is fueling growth in the market. Rising disposable income, and industrialization is driving growth in the market.

Regional Outlook

On the basis of the regions, the Marine Scrubber Systems Market is segmented into 5 regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Asia Pacific is the leading segment and is expected to dominate the market due to increasing industrialization, and rapid international trade growth is driving the demand for cargo vessels and flourishing the market in several Asia-Pacific countries. Stringent sulfur emission norms in key shipping zones are encouraging the installation of marine scrubbers.

The region hosts a substantial share of the global merchant fleet, creating a significant demand for scrubber retrofitting and new installations. Due to the large population, there is never a shortage of skilled laborers in the region. Governments in the region in China and South Korea are implementing policies and offering incentives to adopt cleaner maritime technologies. North America is another leading region due to stringent emissions regulations in the countries like the United States of America and Canada.

North America has some of the busiest ports globally, including those in the United States and Canada. The region is a hub for innovation and technology, enabling the development and implementation of advanced scrubber systems that meet the latest environmental standards. North America hosts several leading marine scrubber system manufacturers and service providers, which drives market growth through localized production and support. Shipping companies in North America are increasingly aware of the environmental impact of their operations. This has led to a greater commitment to environmental sustainability initiatives, including the adoption of scrubber systems to reduce emissions.

 Key Players

·         Babcock and Wilcox

·         GEA

·         Wartsila

·         Valmet

·         Alfa Laval

·         CR Ocean Engineering

·         DuPont

·         Fuji Electric

·         Mitsubishi Heavy Industries

·         Other Players