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Europe Marine Scrubber Systems Market Size to Enlarge by 2026

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According to the Graphical Research new growth forecast report titled “Europe Marine Scrubber Systems Market Share By Technology (Wet Technology {Open Loop, Closed Loop, Hybrid}, Dry Technology), By Fuel (MDO, MGO, Hybrid), By Application (Commercial, Offshore, Recreational, Navy), Industry Analysis Report, Country outlook (Germany, UK, France, Italy, Spain, Netherlands, Russia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” to Surpass during forecast period 2020-2026.

The Europe Marine Scrubber Systems Market Value is projected to grow on account of rising environmental concerns coupled with stringent government regulations. Increasing focus toward attempts to limit sulfur emissions from vessels will have a positive impact on the business scenario. The current economic slowdown on account of the COVID -19 pandemic has had an adverse impact on the global shipbuilding industry and in turn has restrained the market growth. However, the recovering economy post the second quarter will significantly contribute to the increasing product penetration.

The dry scrubber systems will witness growth on account of stringent IMO regulations regarding high levels of marine emissions. The products’ cost efficiency coupled with efficient energy consumption will stimulate sales growth. Moreover, ability to generate less waste when compared to close alternatives along with increasing investments toward product design from major manufacturers will encourage the business outlook.

Recreational will undergo significant growth on account of rising purchasing power among individuals coupled with upsurge in retrofitting activities. The improved standard of living of average individuals will contribute toward the increasing revenue from the cruise ships. Although, considerably low in number when compared to overall shipbuilding units, the recreational division delivers high value to the overall Europe Marine Scrubber Systems Market growth.

UK is projected to witness high growth owing to the implementation of government norms along with the comparative rise in shipbuilding activities. The increasing focus toward upgradation of naval shipyards, MRO services and vessel maintenance will further propel the product demand. Major manufacturers within the county are increasingly directing investments toward product development and expanding their customer base to tap into gradually changing customer preferences. Existence of major ports within the country and growing long voyage trade will increase the scope of the product adoption.

Manufacturers within the market are increasingly looking to pool their resources through mergers and acquisitions, partnership or collaborations to stay ahead of the curve and combat the regulation requirements. Few major players within the industry are Alfa Laval, Yara Marine, Wärtsilä, Damen Shipyards, Maritime B.V, Clean marine, and Valmet among others.