PUBLISHER: Grand View Research | PRODUCT CODE: 1530589
PUBLISHER: Grand View Research | PRODUCT CODE: 1530589
Marine Scrubber Market Size & Trends
The global marine scrubber market size was estimated at USD 5.88 billion in 2023 and is projected to grow at a CAGR of 14.0% from 2024 to 2030. The environmental regulations are primarily driving market growth. The International Maritime Organization (IMO) regulations mandate a significant reduction in sulfur emissions from ships. Marine scrubbers, which remove sulfur oxides (SOx) from ship exhaust gases, offer a compliant solution for vessel operators aiming to meet these stringent emission standards without switching to low-sulfur fuels, thereby fostering market growth.
Cost efficiency is another significant factor boosting demand for marine scrubbers or Exhaust Gas Cleaning systems (ESGS). While switching to low-sulfur fuels is an alternative compliance method, it often involves higher operational costs due to the price differential between low-sulfur marine and traditional heavy fuels. Marine scrubbers provide a cost-effective solution by allowing ships to continue using economical high-sulfur fuels while achieving compliance with emissions regulations. Over time, this can result in substantial cost savings for ship owners and operators.
Global Marine Scrubber Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the marine scrubber market based on technology, application, installation, and region:
Open Loop
Closed Loop
Hybrid
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE