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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1529013

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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1529013

Asia Pacific Wet Marine Scrubber Systems Market Size - By Type (Open Loop, Closed Loop, Hybrid), By Fuel (MDO, MGO, Hybrid), By Application (Commercial, Offshore, Recreational, Navy), Country Outlook & Forecast, 2024 - 2032

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PAGES: 120 Pages
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Asia Pacific wet marine scrubber systems market is predicted to witness over 8.5% CAGR from 2024 to 2032 driven by stringent environmental regulations and policies for reducing sulfur emissions from ships. The International Maritime Organization (IMO) sulfur cap regulations, which mandate a significant reduction in marine fuels, have created a strong demand for scrubber systems to effectively remove sulfur oxides from exhaust gases. For instance, in August 2022, under the IMO 2022 MoU, a 0.5% sulfur cap on marine fuels was introduced to decrease premature deaths and cardiovascular diseases while making the air cleaner by lowering about 8.5 million tons of SOx annually.

Moreover, wet marine scrubbers offer long-term savings by allowing ships to continue using more affordable high-sulfur fuels, rather than switching to expensive low-sulfur alternatives. This cost-saving potential is particularly appealing in the APAC region, where competitive shipping operations and cost efficiency are crucial. Rapid advancements in scrubber technology and the increasing awareness of their benefits among shipping companies will also drive market growth.

The overall industry is classified into type, fuel, application, and country.

Based on type, the APAC wet marine scrubber systems market from the open loop segment is anticipated to observe a significant CAGR between 2024 and 2032 due to its cost-effectiveness and operational simplicity. Open-loop scrubbers employ seawater to neutralize sulfur oxides in exhaust gases, making them less expensive to operate compared to closed-loop systems, which require alkaline solutions and more complex treatment processes.

Asia Pacific wet marine scrubber systems market from the recreational application segment is set to witness notable growth during 2024-2032 owing to the increasing emphasis on environmental regulations and sustainability in leisure boating. As more recreational boat operators and yacht owners are becoming aware of the environmental impacts of their vessels, there is a growing demand for technologies that reduce emissions and comply with stringent regulations.

China wet marine scrubber systems industry is anticipated to grow at a substantial CAGR through 2032 attributed to ambitious environmental policies and the presence of a major global shipping hub. The stringent regulations aimed at reducing air pollution, including the stricter sulfur emission limits for marine vessels operating in its coastal and inland waters have also spurred significant demand for scrubber systems in the country.

Product Code: 9463

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Market definitions
  • 1.2 Base estimates & calculations
  • 1.3 Forecast calculation
  • 1.4 Primary research & validation
    • 1.4.1 Primary sources
    • 1.4.2 Data mining sources
  • 1.5 Market Definitions

Chapter 2 Industry Insights

  • 2.1 Industry ecosystem
  • 2.2 Regulatory landscape
  • 2.3 Industry impact forces
    • 2.3.1 Growth drivers
    • 2.3.2 Industry pitfalls & challenges
  • 2.4 Growth potential analysis
  • 2.5 Porter's analysis
    • 2.5.1 Bargaining power of suppliers
    • 2.5.2 Bargaining power of buyers
    • 2.5.3 Threat of new entrants
    • 2.5.4 Threat of substitutes
  • 2.6 PESTEL analysis

Chapter 3 Competitive landscape, 2023

  • 3.1 Introduction
  • 3.2 Strategic dashboard
  • 3.3 Innovation & sustainability landscape

Chapter 4 Market Size and Forecast, By Type, 2021 - 2032 (Units & USD Billion)

  • 4.1 Key trends
  • 4.2 Open loop
  • 4.3 Closed loop
  • 4.4 Hybrid
  • 4.5 Others

Chapter 5 Market Size and Forecast, By Fuel, 2021 - 2032 (Units & USD Billion)

  • 5.1 Key trends
  • 5.2 MDO
  • 5.3 MGO
  • 5.4 Hybrid
  • 5.5 Others

Chapter 6 Market Size and Forecast, By Application, 2021 - 2032 (Units & USD Billion)

  • 6.1 Key trends
  • 6.2 Commercial
  • 6.3 Offshore
  • 6.4 Recreational
  • 6.5 Navy
  • 6.6 Others

Chapter 7 Market Size and Forecast, By Country, 2021 - 2032 (Units & USD Billion)

  • 7.1 Key trends
  • 7.2 China
  • 7.3 South Korea
  • 7.4 Japan
  • 7.5 Philippines
  • 7.6 Vietnam
  • 7.7 Taiwan
  • 7.8 India
  • 7.9 Indonesia
  • 7.10 Malaysia
  • 7.11 Singapore
  • 7.12 Australia

Chapter 8 Company Profiles

  • 8.1 Alfa Laval AB
  • 8.2 ANDRITZ
  • 8.3 Duconenv
  • 8.4 DNV GL AS
  • 8.5 Damen Shipyards Group
  • 8.6 Elessent Clean Technologies Inc
  • 8.7 Exxon Mobil Corporation
  • 8.8 Fuji Electric Co., Ltd.
  • 8.9 Kawasaki Heavy Industries, Ltd
  • 8.10 LiqTech Holding A/S
  • 8.11 MITSUBISHI HEAVY INDUSTRIES, LTD.
  • 8.12 PANASIA CO, LTD.
  • 8.13 Solvay
  • 8.14 Valmet Corporation
  • 8.15 Wartsila Corporation
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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