America Marine Scrubber Systems Market share is anticipated to witness a substantial growth owing to increasing sulfur emissions from ships driven by booming shipping industry and maritime trade activities. Rising industry concern towards impact of SOx emissions on environment and human health along with implementation of stringent regulation aimed at reducing marine pollution and toxic constituents in shipping industry is set to augment the business landscape. Further, growing R&D investments focused at developing innovative technologies thus encouraging green shipping will positively impact the product deployment.
Wet marine scrubber systems market is set to gain an appreciable momentum on account of its ability to offer longer operational flexibility coupled with shorter payback period. This technology is categorized by closed loop, open loop and hybrid systems. Rising consumer demand for flexible and adjustable systems pertaining to closed and open loop cycles will further amplify the product penetration. Moreover, the capability of these units to function in water with different alkalinity levels will provide significant impetus to the industry dynamics.
The sudden outspread of corona virus has resulted in halted industrial operations leading to an economic slowdown across the region. Further, implementation of lockdown and nation-wide curfews along with ban on public movement with an aim to control the virus spread has severely affected the commercial trade. Moreover, reduced participation toward recreational activities comprising of sea tourism may hamper the sales of these units, however, rising necessity to transport medical equipment along with increasing medical tourism is set to drive the business scenario.
Increasing government initiatives towards development of shipping industry combined with flourishing trade activities will fuel the product installation across end beneficiaries including commercial tankers, container vessels and bulk carriers. Upsurge in retrofitting activities of traditional ships anchored in the shipping yards for deployment of marine scrubber will further complement the business scenario. Moreover, rising focus toward utilization of efficient and sustainable units along with increasing per capita income followed by improved living standards is set to encourage the large-scale product deployment.
Marine gas oil fueled systems will witness an upsurge in their deployment as a result of its capability to produce less amount of sulfur emissions in the environment. In addition, increasing adoption of MGO by ship owners operating primarily across Sulfur Emission Control Areas (SECAs) along with the reduced dependency from heating the fuel during storage will positively influence the industry landscape. Furthermore, large scale utilization across regions comprising of the Hudson Bay and North Atlantic Ocean as clean fuel solution will provide a substantial impetus to America marine scrubber systems market growth.
The U.S. marine scrubber systems market is anticipated to witness a significant growth on account of huge government investments toward development of navy security along with robust establishment of shipping industry will positively impact the market size. Additionally, rising concern toward the upgradation of existing naval shipyard along with maintenance and fleet repair will significantly enhance the product installation. Moreover, escalating import-export activities along with expansion in sea trade is set to enhance the business scenario.
The major companies are focused at forming strategic mergers and acquisitions involving regional & global participation with aim of creating newer opportunities. Prominent players operating in the America market includes Mitsubishi, Kwangsung, CR Ocean Engineering, Clean Marine, Valmet, SAACKE, Yara and Wärtsilä amongst others.