According to the new
market research report "Scrubber System Market by Type (Wet (Design),
Dry (Sorbent Mixing)), End-User (Marine, Oil & Gas, Petrochemicals &
Chemicals, Pharmaceuticals, Glass, Pulp & Paper, Food & Agricultural,
Wastewater Treatment), and Region - Global Forecast to 2023", published
by MarketsandMarkets™, the Global
scrubber system market is projected to reach USD 1.86 billion by 2023, growing
at a CAGR of 12.82%, from an estimated USD 1.02 billion in 2018. The growth of
scrubber system market is majorly driven by the the growing stringent
environmental regulations to reduce atmospheric emissions.
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Europe is expected to be the fastest growing market
for scrubber system from 2018 to 2023. The IMO has set a global limit for
sulfur in fuel oil used on board ships of 0.50% m/m (mass by mass) from 1
January 2020, which means that shipping companies are liable to take measures
to mitigate sulfur oxide emissions generated by their ships. Additionally, the
objective of Europe’s proposed 20-20-20 target is 20% increase in energy
efficiency, 20% reduction of CO2 emissions, and 20% of the region’s energy from
renewables by 2020. All these factors are expected to boost the scrubber system
market in the European region.
Browse and in-depth TOC on "Scrubber System Market"
70 - Tables
35 - Figures
127 - Pages
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TOC @
The
market in Norway is expected to be the fastest in Europe for scrubber system,
during the forecast period. According to the IEA, investments in transportation
capacity might be necessary to promote exploration of new gas reserves from the
Barents Sea and to allow Norway to maintain its position as a major gas
supplier to Europe. The chemicals and petrochemicals industry accounts for
around 80% of gas consumption, according to the data from IEA’s Norway 2017
Review. The country has set an ambitious target to reduce greenhouse gas (GHG)
emissions by 40% of 1990 levels by 2030, thereby, possibly promoting the
adoption of scrubber systems in oil & gas, petrochemical, and chemical
industries. All these factors are expected to influence scrubber system market
in the country.
The
report segments the scrubber system market, by type, into wet, and dry scrubber
systems. The wet scrubbers segment is further sub-segmented into packed bed
scrubber, spray scrubber, and venturi scrubber. The wet scrubber segment is
expected to grow at the highest CAGR during the forecast period. Wet scrubbers
are quite sturdy and can tolerate a wide range of temperatures, making them
ideal for operation in almost any environment. These types of scrubbers can
remove both gases and particulate matter in a single system. The soaring demand
for such efficient scrubbers is from the shipping industry, to abide by new
exhaust gas emission regulations is the factor driving the wet scrubber market.
The scrubber system
market, by end-user, is segmented into marine, oil & gas, petrochemicals
& chemicals, pharmaceuticals, glass, and others. The others include pulp
& paper, food & agricultural, wastewater treatment, and mining &
metallurgy. The marine end-user segment is expected to grow at the highest rate
during the forecasted period. With the IMO’s global sulfur cap of 0.5% on
marine fuels starting from January 1, 2020, stringent regulations regarding
shipping emissions are expected in the near future. Thus, the demand for
exhaust gas cleaning technology, such as SOx scrubber, is expected to increase
rapidly within the segment.
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