ID: MRFR/E&P/5197-HCR | 100 Pages | Published By Chitranshi Jaiswal on March 2023
Scrubber System Market is projected to be worth USD 1.7 billion by 2027, registering a CAGR of 10% during the forecast period (2021-2027)
Scrubber system market can rise by 10% CAGR during the forecast period 2022-2030 due to stringent policies employed by governments to counter air pollution. The report further shares a possibility for the scrubber system market to scale a valuation from USD 1.12 billion in 2017 to USD 1.7 billion by 2027.
A scrubber system is a diverse group of air pollution control devices that can remove particulate matter and harmful components such as nitrogen oxides (NOx) and sulfur oxides (SOx) from industrial exhaust streams. When emitted into the atmosphere, sulfur oxides can help to dissolve in the water in the air and form acid rain. The Scrubber systems market is estimated to have robust demand shortly as a solution to limit the formation of acid rain as it is highly detrimental to the environment.
The global scrubber system market is poised to observe consecutive growth in the upcoming years. These systems are a miscellaneous group of air pollution control devices eliminating few particles and gases from exhaust streams. They inject either a slurry or a dry reagent into a polluted exhaust stream so as to cleanse acidic gases. Scrubbers are among the principal devices to control gas emissions, especially acidic gases. They are also used for recovering heat from hot gases by flu-gas condensation and high flows in LED processes, Photovoltaic (PV), or solar. Rapid industrialization in the market has made it imperative to reduce sulfur dioxide emissions into the atmosphere. Sulfur dioxide emission control are likely to assume more and more significance, with the emission norms becoming even more stringent in the future.
The Global Market can be segmented by type, orientation, application, and end-use industry.
By type, the scrubber system industry can be segmented into wet scrubber system and dry scrubber system. Dry scrubber system is leading the market.
By orientation, the market includes vertical and horizontal. Horizontal segment is the current bellwether.
Based on application, the global market comprises onshore and offshore. Offshore segment is setting the trails for the market.
Based on end-user industries, the market can be segmented into oil & gas, automotive, food & beverages, and chemical. Oil & gas is the leading segment.
Prominent players involved in the scrubber system market are Alfa Laval, Nederman Mikropul, Wärtsilä, Alfa Laval, Yara Marine, DuPont, CECO, Evoqua, Verantis, Fuji Electric, Croll Reynold, Fabritech Engineers, Beltran Technologies, and others.
Region-specific analysis of the scrubber system market encompasses North America, Europe, Asia Pacific, and Rest-of-the-World (RoW). Europe is the fastest growing region in terms of revenue generating. The region has quite strict government policies regarding pollution which has forced a lot of industries in implementing scrubber systems in their production capacities. Ships are also following the process effectively.
North America’s impact in the market is also quite substantial. The region adheres global policies of maintaining ecological safe standards. The APAC region is also expected to show substantial growth. The drastic change can be expected from the increasing eco-awareness and education about environment protection. South Korea and China are lucrative markets that the market titans would love to explore.
By employing meticulous strategies, competent data analysts of Market Research Future collect information and study them extensively before predicting the future market size with a detailed listing of the relevant market segments. Interviews with prime decision makers of various trendsetting companies of the apposite market give the primary research much prominence. The secondary method includes a minute analysis of the present and the past trends to have a better grasp of the upcoming market scenario. To increase the precision of the obtained data, top-down & bottom-up approaches have been integrated into the system which gives a walk-through of the demand and supply equation. Furthermore, by adhering to credible resources such as annual reports, SEC filings, and white papers, our data analysts empower themselves with subtle comprehension of the germane product before proceeding to discuss market factors. The intent is to provide a holistic view of the sector by judging it against irreproachable parameters and enriching it with significant inputs.
Global Scrubber System Industry by Type
Global Scrubber System Market by Orientation
Global Scrubber System Market by Application
Global Scrubber System Market by End-Use Industry
Global Scrubber System Market by Region
|CAGR||10% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type , by , Application , End-Use Industry|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Alfa Laval, Nederman Mikropul, Wärtsilä, Alfa Laval, Yara Marine, DuPont, CECO, Evoqua, Verantis, Fuji Electric, Croll Reynold, Fabritech Engineers, Beltran Technologies, and others|
|Key Market Opportunities||
|Key Market Drivers||Stringent policies employed by governments to counter air pollution|
A 10% CAGR is foreseen to be accomplished by the market.
The income level in the market is anticipated to rise from USD 1.12 billion in 2017 to USD 1.7 billion by 2027.
Verantis, Evoqua, Fuji Electric, Fabritech Engineers, and Croll Reynold are the contenders in the market.
The European region is expected to uplift the global market.
The need to maintain a safe measure of pollution in industries is foreseen to benefit the market.