The total addressable market for marine scrubber technology market is projected to reach USD 1,2071.5 million by 2027, according to QuantAlign Research. There are a few methods available to the shipping sector to comply with the IMO 2020 requirement to reduce SOx emissions. To lessen the output of SOx, it can switch to a compliant fuel with less sulphur, an alternative fuel (such LNG or methanol), or clean its exhaust emissions using “scrubber” technology.
MDO and MGO, which are low-sulfur fuels, are more expensive than heavy fuel oil (HFO). As a result, different low-cost techniques for cleaning exhaust gas have been developed to reduce SOX emissions. Exhaust Gas Cleaning Systems (EGCS), also known as scrubbers, are used to remove dangerous substances like sulphur oxides (SOx) and nitrogen oxides (NOx) from the exhaust gases produced as a result of combustion processes in marine engines.
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The total addressable market for marine scrubber technology market is projected to reach USD 1,2071.5 million by 2027
Some of the major players operating in the marine scrubber market include Wartsila, Alfa Laval, Mitsubishi Heavy Industries Ltd., Valmet Pty Ltd. Kwangsung Co. Ltd., Yara International ASA, Hamon Research-Cottrell, Inc., DuPont, Clean Marine AS, are among others
The report examines and provides an extensive overview of the marine scrubber market. The report identifies key industry trends, and covers marine scrubber market landscape in the regions. The report builds a short- and long-term forecast model covering the period between 2020 to 2027.
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