According to the Graphical Research new growth forecast report titled “America Marine Scrubber System Market Size By Technology (Wet Technology, Dry Technology), By Fuel (MDO, MGO, Hybrid), By Application (Commercial, Offshore, Recreational, Navy), Industry Analysis Report, Country Outlook (U.S., Canada), Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026”, to get Significant Proceeds by 2026.
America Marine Scrubber System Market will witness a substantial growth on account of rising maritime trade along with increasing government focus to reduce marine pollution. Ongoing government initiatives and funding aimed at achieving low emission solutions along with refurbishments and expansion of existing ports will augment the industry dynamics. Increasing end user participation in recreational activities comprising cruise voyages along with improved living standards driven by rising disposable income will positively strengthen the market scenario.
Dry marine scrubber systems market will witness an upsurge owing to establishment of stringent regional & international maritime norms to counter increasing marine emissions. The ability of these units to produce very low amount of waste as a result of utilization of dry chemical instead of liquid for eliminating sulphate will further drive the product adoption. Moreover, the capability to offer effective solution at low power input without creating a liquid effluent will continue to entail the deployment of these units.
Rising industry concern towards reduction of marine pollution along with shifting industry focus towards adoption of environment friendly and efficient systems will stimulate the hybrid marine scrubber systems market trend. Furthermore, enforcement of stringent IMO norms coupled with increasing need to comply with the Emission Control Area (ECAs) directives is set to augment the product deployment.
Growing consumer participation in leisure activities comprising of cruise vacation and international voyages is set to stimulate the large-scale product adoption across recreational applications. Further, increasing usage across marine transportation sector driven by thriving global trade owing to suitable cross-border trade policies will fuel the product installation. Favorable government initiatives comprising of expansion of sea routes combined with growing requirement to retrofit old vessels with advanced and more efficient units will further complement the America marine scrubber system market size.
Canada marine scrubber systems market will gain an appreciable momentum on account of increasing foreign direct investments triggered by cross border mergers and tax inversions. Further, growing urbanization and commercial trading has resulted in wide scale utilization of these systems across tankers, RO-RO and bulk carriers which will significantly impact the market dynamics. Moreover, surging ship building activities propelled by flourishing sea trade and maritime medical tourism will strengthen the market statistics.
Ongoing research and development activities towards product development along with companies focusing on strategic alliances and innovation to meet globally accepted norms is fueling the business landscape. The key manufacturers functioning across America marine scrubber system market comprises of Kwangsung, Valmet, Mitsubishi, DuPont, Clean Marine, Alfa Laval, and CR Ocean Engineering, Ecospray Technologies, Yara, SAACKE and Wärtsilä amongst others.