Marine Scrubber Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR40474
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The marine scrubber market has the potential to grow by USD 6.26 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 31.91%.

This marine scrubber market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (hybrid, open loop, and others) and geography (APAC, Europe, North America, South America, and MEA). The marine scrubber market report also offers information on several market vendors, including Alfa Laval AB, Andritz AG, Clean Marine AS, CR Ocean Engineering LLC, DuPont de Nemours Inc., Langh Ship Oy Ab, Mitsubishi Heavy Industries Ltd., Valmet Oyj, Wartsila Corp., and Yara International ASA among others.

What will the Marine Scrubber Market Size be in 2021?

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Marine Scrubber Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The compliance with MARPOL regulations is notably driving the marine scrubber market growth, although factors such as frequent changes in regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the marine scrubber industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This marine scrubber market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Marine Scrubber Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Alfa Laval AB
  • Andritz AG
  • Clean Marine AS
  • CR Ocean Engineering LLC
  • DuPont de Nemours Inc.
  • Langh Ship Oy Ab
  • Mitsubishi Heavy Industries Ltd.
  • Valmet Oyj
  • Wartsila Corp.
  • Yara International ASA

 

This statistical study of the marine scrubber market encompasses successful business strategies deployed by the key vendors. The marine scrubber market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The marine scrubber market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Marine Scrubber Market?

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41% of the market’s growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), and Japan are the key markets for the marine scrubber market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The implementation of new MARPOL emission standards will make it necessary for ships operating in the other areas in APAC to also comply with the new standards. Asia is likely to remain one of the fast-growing regions for the maritime and offshore oil and gas industries despite the challenging global environment. This will facilitate the marine scrubber market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Marine Scrubber Market?

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The marine scrubber market share growth by the hybrid segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the marine scrubber market size and actionable market insights on post COVID-19 impact on each segment.

 

Marine Scrubber Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 31.91%

Market growth 2021-2025

$ 6.26 billion

Market structure

Fragmented

YoY growth (%)

69.15

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 41%

Key consumer countries

China, South Korea (Republic of Korea), UK, Japan, and Norway

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alfa Laval AB, Andritz AG, Clean Marine AS, CR Ocean Engineering LLC, DuPont de Nemours Inc., Langh Ship Oy Ab, Mitsubishi Heavy Industries Ltd., Valmet Oyj, Wartsila Corp., and Yara International ASA

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Marine Scrubber Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive marine scrubber market growth during the next five years
  • Precise estimation of the marine scrubber market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the marine scrubber industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of marine scrubber market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The marine scrubber market growth will increase by $5899.16 million during 2019-2024.
The marine scrubber market is expected to grow at a CAGR of 42.02% during 2019-2024.
Technavio has segmented the marine scrubber market by product (Hybrid, Open loop, and Others) and geographic (APAC, Europe, North America, and South America).
Alfa Laval, Clean Marine AS, CR Ocean Engineering LLC, DuPont de Nemours Inc., Langh Tech Oy AB, Mitsubishi Heavy Industries Ltd., Shanghai Bluesoul Environmental Technology Co. Ltd., Valmet, Wärtsilä Corp., Yara Marine Technologies are a few of the key vendors in the marine scrubber market.
APAC will register the highest growth rate of 43.48% among the other regions. Therefore, the marine scrubber market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • South Korea (Republic of Korea)
  • Japan
  • Norway
  • Russian Federation
The key factors driving the marine scrubber market growth are:
  • Compliance with MARPOL regulations
  • Technological advancements in AI
The marine scrubber market vendors should focus on grabbing business opportunities from the hybrid segment as it accounted for the largest market share in the base year.
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