The overwhelming majority of ships around the world operate using engines and boilers powered by heavy fuel oil. The resulting combustion exhaust gases that are emitted contain soot and sulfur oxides that pollute the environment.
Ship Exhaust Gas Scrubber exhaust gas cleaning reduces sulphur (SO2) and particulate emissions from ship engines, generators, and boilers. Ship Exhaust Gas Scrubber should enable ships to meet sulphur emission limits as required by IMO MARPOL Annex VI regulations without switching to low-sulphur fuel.
The IMO limits SOx emissions by regulating the sulfur content of marine fuels, and it is anticipated that the reductions in the emission control area and global sulfur limits to 0.1% and 0.5%, that will be effective from 1 January 2015 and 1 January 2020 (subject to review in 2018) respectively, will promote increasing use of exhaust gas cleaning systems, such as SOx scrubbers. And the technology barrel is high.
For industry structure analysis, the Ship Exhaust Gas Scrubber Industry is concentrate. The top four producers account for about 78.56% of the revenue market. The production of ship exhaust gas scrubber increase from 31 Units in 2011 to 207 Units in 2016, with an average growth rate of 46.5%.
Europe occupied 94.44% of the production market in 2015. It is followed by USA, which have around 5.56% of the global total industry. Other countries did not have production. Geographically, Europe was the largest consumption market in the world, which took about 87.50% of the global consumption volume in 2015. USA shared 6.25% of global total.
For forecast, the global Ship Exhaust Gas Scrubber revenue would keep increasing with annual growth rate with 50~80%. We tend to believe that this industry still has a bright future, considering the current demand of Ship Exhaust Gas Scrubber. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
According to this study, over the next five years the Ship Exhaust Gas Scrubber market will register a 41.1% CAGR in terms of revenue, the global market size will reach USD 10300 million by 2024, from USD 1300 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Ship Exhaust Gas Scrubber business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Ship Exhaust Gas Scrubber market by product type, application, key manufacturers and key regions and countries.
This study considers the Ship Exhaust Gas Scrubber value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Open Loop Scrubbers
Closed Loop Scrubbers
Hybrid Scrubbers
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Commercial Ships
Industrial Ships
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Wartsila
Alfa Laval
DuPont
Yara
Saacke
Puyier
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Ship Exhaust Gas Scrubber consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Ship Exhaust Gas Scrubber market by identifying its various subsegments.
Focuses on the key global Ship Exhaust Gas Scrubber manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Ship Exhaust Gas Scrubber with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Ship Exhaust Gas Scrubber submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
