Rising hybrid scrubber demand to push marine scrubber systems growth through 2026

Surging government funding towards the establishment of naval security is slated to augment the global marine scrubber systems market size through coming years, specifically across the developed economies of North America. Extensive investments by the U.S. government for the upgradation of its current naval shipyard along with fleet repair & maintenance is further poised to propelled regional landscape.

The global marine scrubber systems market is set to exceed USD 7 billion valuation by 2026, stated the latest research by Global Market Insights, Inc.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/2759

According to Bimco, a maritime association for shipowners, agents, charterers, and shipbrokers, as of mid-year, the containership industry has exceeded the crude oil tanker fleet industry, in turn becoming the most scrubber outfitted sector of the commercial cargo shipping industry. Data from Bimco further adds that containerships having a collective cargo capacity of 5.3 million have been fitted with scrubbers (exhaust gas cleaning system) for the removal of sulfur oxides (Sox) from the exhaust gases, in turn impelling marine scrubbers requirement in the region.

Various technological and product developments such as wet scrubbers, seawater scrubbers, and scrubber machines, coupled with strategic activities pertaining to cross-border mergers and acquisitions will spur marine scrubber market growth. Prominent marine scrubber manufacturers comprising Alfa Laval, Damen Shipyards, Yara, Mitsubishi Heavy Industries, Wartsila and others will drive marine scrubber systems market growth through the estimated period.

Request For Customization of Research Report @ https://www.gminsights.com/roc/2759

Citing an instance, European technology giant, Wartsila, supplied hybrid scrubber system packages for NCL’s (Norwegian Cruise Line) Norwegian Getaway and Norwegian Breakaway back in February 2020. The company’s scrubber systems allowed the 325 meters long cruise vessels to be compliant with ILO’s (International Maritime Organization) sulfur restriction legislation while functioning on heavy fuel oil, thus bolstering product demand.

Further, numerous marine scrubber manufacturers are taking a keen interest in backward integration by contriving the crucial components, with an intention of maintaining the international quality standards while establishing economies of scale for securing competitive advantage. Additionally, surging FDI flow in consequence of tax inversions will further drive marine scrubber systems market share over the assessment period.

Studies cite that the commercial segment in the marine scrubber systems market will deliver commendable proceeds on account of rising retrofitting activities of conventional ships for the utilization of maritime scrubbers. The marine scrubber systems market from commercial application is slated to exceed the USD 2 billion mark by 2026.

Improving disposable income, surging living standards, shifting public focus toward deployment of sustainable units, and ongoing  demographic changes are some of the prominent factors fostering marine scrubber systems industry expansion through upcoming years.

Low maintenance, minimal up-front cost, and easy installation are additional drivers impelling Marine Diesel Oil (MDO) scrubbers adoption over the anticipated period. The capability of facilitating the operation of internal combustion engines without any requirement for heating will positively influence maritime scrubber systems product deployment.

However, increasing focus towards the implementation of IMO directives concentrated at curbing emission levels at sea may impact industry growth. On the other hand, the permission for using MDO in a ship upon integration with the scrubber systems for pollutant mitigation will further reinforce marine scrubber systems industry growth over the forecast timeframe.

In essence, rising demand for marine scrubbers primarily across recreational, offshore, commercial, and navy sectors will fuel marine scrubber systems market outlook through ensuing years. Introduction of strict emission standards and environmental protection regulations will further escalate marine scrubber systems industry expansion.