According to Persistence Market Research, the global marine scrubber systems market is expected to see a CAGR of over 20% between 2020 and 2030.
The basic goal of ship scrubber systems is to treat the exhaust stream from engines with either fresh water or seawater through hydrated granules (lime treated) so that the exhaust stream of SOx could be cleaned and non-toxic exhaust gases could be released into the open environment either on land or later or in the sea in accordance with emissions regulations.
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According to the IMO (International Maritime Organization), ships must reduce SOx both outside and inside SECAAs (Sulfur Emission Control Areas). MARPOL also introduced standards with the aim of preventing the pollution of the sea by toxic components. It is expected that this stringency will install EGC (Exhaust Gas Cleaning) technology and thus drive the market for marine scrubber systems from 2020 to 2030.
The marine scrubber systems are said to be SO. eliminate2 by 90% and particulate matter by 70%. The business outlook is expected to be complemented by awareness of health threats from SO2 Emission. In 2016 the Marine Environment Protection Committee (MEPC) passed a regulation that limits the sulfur content of fuel to 0.5%. It came into force on January 1st, 2020.
A little more about the marine scrubber systems market
The marine scrubber system market is seeing increasing demand for MGO (Marine Gas Oil) due to its ability to emit sulfur in lower concentrations. This fuel penetrates various places such as the Caribbean Sea, North Sea, North American Waters, and the Baltic Sea. This has further expanded the industry landscape. The SECAs are increasingly taking over the oil.
In addition, the commercial applications have a significant market share. They include bulk carriers, tankers, roll-off / roll-on ships and container ships. In addition, retrofitting existing ships creates waves. However, since they are more expensive than their counterparts, their use could be restricted, but retrofitted ships will still find their way as 2020 regulations have to be met.
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In terms of technology, wet technology is expected to dominate the marine scrubber system market. In addition, closed, open, hybrid technologies, of which the open loop is the most preferred.
Effects of Covid-19 on the industry
The Covid-19 outbreak has slowed the marine scrubber system market as the imposition of a partial / total lockdown has restricted the means of transportation, be it by air or water. This scenario is expected to last until the end of 2020. The year 2021 will raise new hopes in this regard. In fact, marine scrubber systems will hit a new â€œhighâ€ in terms of demand as cleanliness would be a top priority to prevent such pandemics from spreading further.
By 2019, the Asia-Pacific region and Western Europe held the largest share (more than 50%) of the marine scrubber system market. North America will also catch up as the ECA rules for the Caribbean and North American waters are put into practice. Southeast Asia will also see an upswing, with China and South Korea being strong markets.
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Major players in the marine scrubber systems market include Mitsubishi Heavy Industries, Ltd., CR Ocean Engineering, LLC, Feen Marine Scrubbers Inc., VDL AEC Maritime, Valmet Corporation, Fuji Electric Co. Ltd., Yara International, Clean Marine, SAACKE, Damen Shipyards Group NV, Alfa Laval and Kwangsung Co.
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