ASEAN Marine Scrubber Systems Market Size (2020 to 2026) - Industry Trends, Share, Growth, Opportunity and Forecasts
Category: #energy-and-environment  By Ronak Bora  Date: 2021-05-27
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ASEAN Marine Scrubber Systems Market Size (2020 to 2026) - Industry Trends, Share, Growth, Opportunity and Forecasts

The ASEAN marine scrubber systems market size is set to gain a high revenue by 2026. The rising concerns regarding air pollution and sulfur emissions from ships is pushing shipbuilders toward the adoption of advanced exhaust solutions, accelerating ASEAN marine scrubber systems market forecast. Also known as exhaust gas cleaning systems, SOx scrubbers are designed to eliminate harmful elements from exhaust gases in ships.

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The sulfur emission reduction mandates introduced during 2020 is a primary growth driver of the industry. With operational adaptability being a primary long-term concern of shipbuilders and the naval industry.

The commercial sector has been demonstrating a spiraling demand for logistics & transportation services which has created an urgency to address these needs. This can have a positive impact on the industry. The following four factors are paving the way for further marine scrubber systems market outlook up to 2026:

Growing investment volume in Singapore

By 2026, Singapore marine scrubber systems industry share is likely to represent a substantial portion of the regional revenue. This can be attributed to the growing level of awareness regarding eco-friendly and sustainable marine scrubbers amongst consumers. With the sea transportation routes across Vietnam, Singapore, and Indonesia witnessing considerable traffic, the venture fund volume in the region has been expanding year on year.

Moreover, public and private interest in commercial vessels has been increasing in the recent times. Shipbuilders are also undertaking retrofitting activities in the context of IMO directives. Due to the sudden outbreak of the coronavirus pandemic, industrial operations witnessed a slowdown in the region. In order to mitigate financial losses, exports and imports are being fast-tracked by the regional governments for compensating for the recent financial impact of the pandemic.

Move toward hybrid fuel marine scrubbers

In the aftermath of the COVID-19 pandemic, environmental protection will continue to be a key concern of governments across the globe. As such, the marine scrubber system market share from hybrid fuel segment is set to see considerable expansion in terms of demand due to its compliance with IMO standards. Sea transport establishments are developing innovative products to meet the expanded demand for products that comply with the new ECA mandates. Special Economic Zones (SEZs) are particularly inclined toward hybrid fuel marine scrubber systems owing to their convenience and compliance.

Growing adoption of marine gas oil (MGO)

Owing to the growing appropriation of fuel by the marine industry, prominently in sulfur ECAs, coupled with the need to eliminate oil warming procedure, the demand for marine gas oil is seeing a spike. The marine scrubber systems market share from MGO segment is expected to register a growing demand in the next few years. This fuel generates significantly lesser amount of sulfur oxide, preventing the risk of environmental hazards. South East Asian countries are exhibiting a growing interest in this eco-friendly fuel alternative, accelerating regional marine scrubber systems market forecast.

High productivity of wet marine scrubbers

Due to the long-term operational capabilities of wet marine scrubbers, the ship-building industry across ASEAN appears to prefer these systems over other technologies. Apart from being energy efficient, these systems have an extended lifespan. The increased productivity of these systems when compared with dry marine scrubbers is responsible for the growing product demand.

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By 2026, the marine scrubber systems industry share from wet marine scrubber segment is certain to see a rising curve. A few leading marine scrubber manufacturers and suppliers in ASEAN include Damen Shipyards, Yara International, Clean Marine, Fuji Electric, Valmet, Mitsubishi, DuPont, and Wartsila, amongst others.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Research methodology

1.2    List of data sources

1.2.1    Primary

1.2.2    Secondary

Chapter 2   Market Snapshot

2.1    ASEAN marine scrubber systems market snapshot

Chapter 3   ASEAN Marine Scrubber Systems Trends

3.1    Industry coverage

3.2    Industry size & forecast, 2015 – 2026

3.3    Value chain analysis

3.3.1    Company product snapshot

3.4    Innovation Landscape

3.5    COVID-19 impact on the industry outlook

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Industry analysis - Porter's

3.9    Product growth mapping

3.10    Competitive benchmarking, 2019

3.11    PEST analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1628/asean-marine-scrubber-systems-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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