Scrubber System Market To Reach USD 2.6 Billion By 2025 | CAGR 12.4% - Forencis Research

Scrubber System Market Size, Share, Trends, Growth, Analysis, Research

Global Scrubber System Market: Key Highlights

  • According to the new market research report “Scrubber System Market by Component (Fan, Nozzle, Quencher, Pump, Others), by Type (Wet, Dry), by End User (Marine, Petrochemical, Chemicals, Glass, Others) by Region (Asia Pacific, Europe, Middle East and Africa, South America, North America) – Global Forecast (2018 to 2025)”, the global scrubber system market is estimated to reach USD 2.6 Billion by 2025 at a CAGR of 12.4% during forecast period 2020-2025.
  • Increasing awareness towards effects of air pollution on health and environment, growing number of stringent laws for air pollution control are few factors among others which are expected to drive the scrubber system market during the forecast period.
  • However, adopting alternative fuel is expected to challenge the growth of the market during the forecast period.

Scrubber System Market

Global Scrubber System Market: Key Market Dynamics

  • Increasing regulations to control air pollution is expected to drive the market of scrubber system as the implementation of the system can help the heavy industries to run successfully under stringent regulations.
  • High installation and maintenance cost is expected to restrain the growth of the market as the system installation requires huge initial capital investment and the ongoing maintenance adds up additional cost.
  • Removal of NOx, black carbon and similar pollutants is expected to rise the market in near future as the advancement in the system can be done so that not only Sulphur emission but other pollutants such as carbon monoxide, black carbon can be removed from the exhaust gases.
  • Adoption of alternative fuel can hinder the growth of the market as the usage of alternative fuels can eliminate the requirement of the scrubber system as these type of fuels does not emit high percentage of Sulphur into the environment.

Global Scrubber System Market: Regional Overview

  • Asia-Pacific

Asia-Pacific is the fastest growing market share in the scrubber system market. The market is expected to show notable long term growth in Asia Pacific region as there is continuous growth in coal use in China and India. In China, bonuses to coal-based power plants are provided to meet pollutant emission limits, this promotes clean environment and the demand for control equipment such as scrubber system increases.  Also expanding energy demand in developing economies may establish a potential market for scrubber system in near future in the region.

  • Europe

Scrubber system market is predicted to grow notably in the European region. The regulations implemented by the governing authorities in the countries setting a limit on emission fuels the demand of the system in the region. For instance, in the Netherlands around 60% of glass producing industries are equipped with air pollution control systems. The scrubber systems implemented helped to reduce SOx emission by 600 tons approximately in the past few decades. Thus, expanding implementation of air pollution control systems in the heavy industries may boost the market in the region.

Global Scrubber System Market: Key Players Overview

  • Babcock & Wilcox Enterprises, Inc.:

Babcock & Wilcox Enterprises, Inc. is a US-based company that works in advanced energy and environmental technologies and services for the power, industrial and renewable market. It provides a wide range of products, services and technologies which can be customized as per customer requirement. The product portfolio includes boilers, emissions control equipment, cooling system, and ash handling solutions amongst others.

  • Alfa Laval AB:

Alfa Laval AB is a Swedish company that deals in the manufacturing of specialized equipment required in the areas of heat transfer, separation, and fluid handling. It provides scrubber system for the marine industry which helps in the removal of more than 98% of exhaust gas Sox and nearly 80% reduction of particulate matter. Also, the company provides service and support to its customers.

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Rep Id : EP 030

Published : 2020-01-28