Scrubber System Market to Surpass USD 8.12 Billion by 2030 on Account of Rising Environmental Concerns and Technological Advancements
Research Reports
Oct 25, 2023
As per SNS Insider’s research, the scrubber system market is poised for robust growth, driven by a confluence of factors including environmental consciousness, technological innovation, and industrial expansion in emerging economies, emphasis on health and safety, and cost-effectiveness.
The scrubber system market, as indicated by the SNS Insider report, was valued at USD 5.1 billion in 2022. It is anticipated to reach USD 8.12 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6% during the forecast period from 2023 to 2030.
Key Players included are:
- B&W
- CECO
- Alfa Laval
- Dupont
- Evoqua
- Fuji Electric
- GEA
- Wartsila
- Hamon Research-Cottrell
- Yara Marine
- Verantis
- Other key players
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Market Report Scope
A scrubber system, also known as a gas scrubber, is an essential component of industrial air pollution control systems. Its primary purpose is to remove harmful pollutants and particulate matter from industrial exhaust gases before they are released into the atmosphere. Scrubber systems play a vital role in conserving the environment by reducing emissions of harmful substances like sulfur dioxide (SO2), nitrogen oxides (NOx), and particulate matter. This contributes significantly to combating climate change and preserving natural ecosystems.
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Market Analysis
Increasing awareness about environmental degradation and stringent regulations imposed by governing bodies worldwide are driving industries to adopt eco-friendly practices. Scrubber systems, with their ability to drastically reduce emissions of pollutants like sulfur dioxide and particulate matter, are becoming indispensable for industries aiming to comply with environmental standards. The rapid industrialization observed in emerging economies is a significant catalyst for the scrubber system market. As industries burgeon in regions like Asia-Pacific and Latin America, there is a parallel increase in the demand for scrubber systems. These economies, often characterized by lax environmental regulations, are now recognizing the importance of scrubbers in curbing pollution, thereby fueling the market growth. Occupational health and safety have become paramount concerns for industries globally. Scrubber systems, by eliminating hazardous gases and particulates, create a safer working environment for employees. The emphasis on worker well-being is driving industries to invest in scrubber technologies, bolstering the market.
Market Segmentation and Sub-segmentation included are:
By Product Type
- Wet Scrubber System
- Dry Scrubber System
By Orientation
- Vertical
- Horizontal
By Application
- Gaseous/Chemical Cleaning
- Particulate Cleaning
By End-use Industry
- Oil & Gas
- Marine
- Chemical & Petrochemical
- Glass
- Pharmaceutical
- Metal & Mining
- Power Generation
- Water & Wastewater Treatment
- Others
Impact of Recession
The ongoing recession has undeniably presented challenges to the scrubber system market. However, amidst adversity lie opportunities for innovation, diversification, and strategic partnerships. Industry players, armed with a deep understanding of market dynamics and a proactive approach, can navigate these turbulent waters and emerge stronger on the other side. By embracing change, fostering innovation, and fostering collaborative relationships, the market can not only endure the recession but also thrive in the post-recession era, contributing significantly to a greener and more sustainable industrial landscape.
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Impact of Russia-Ukraine War
The geopolitical tensions have led to a reevaluation of market strategies, prompting companies to explore new regions for expansion. With uncertainties in traditional markets, emerging economies and regions unaffected by the conflict have become focal points for investment. Asia-Pacific, in particular, has witnessed increased demand for scrubber systems due to stringent environmental regulations and the booming maritime industry. This shift in regional market dynamics is reshaping the global footprint of the scrubber system market.
Key Regional Development
North America stands at the forefront of the scrubber system market, driven by rigorous emission control mandates. Stringent regulations imposed by environmental agencies in the United States and Canada have significantly boosted the adoption of scrubber systems across industries. In Europe, environmental consciousness and stringent emission norms propel the demand for scrubber systems. Countries like Germany, the United Kingdom, and the Netherlands are witnessing increased installations, particularly in marine and power generation sectors. The growing focus on sustainable practices and green initiatives further augments market growth in this region. The Asia-Pacific region exhibits immense potential for the market. Rapid industrialization in countries such as China, India, and Japan has led to a surge in emissions, necessitating effective pollution control measures.
Key Takeaway from Scrubber System Market Study
- The wet scrubber ystem segment has emerged as a frontrunner, revolutionizing the way industries manage their emissions. This technology, encompassing various wet scrubber designs, has rapidly gained traction, owing to its effectiveness in eliminating harmful pollutants and ensuring regulatory compliance. As environmental regulations continue to tighten, industries are turning towards wet scrubber systems as the ideal solution for their emission control needs.
- The oil & gas segment stands at the forefront of the market, pioneering innovative solutions to mitigate emissions and uphold environmental standards. In an industry where rigorous pollution control is paramount, scrubber systems have become indispensable, ensuring not only compliance but also operational efficiency and sustainability. The continuous advancements within the oil & gas sector have propelled the dominance of scrubber systems in this domain.
Recent Developments Related to Scrubber System Market
- Tennant Company has recently expanded its ride-on scrubber portfolio by introducing two innovative scrubbers. The first of the newly introduced scrubbers boasts cutting-edge technology and advanced features, making it a standout choice for businesses seeking efficient and effective cleaning solutions.
- Wärtsilä, a global leader in smart technologies for marine and energy markets, and Maersk, one of the largest shipping companies in the world, have joined forces to develop an innovative solution aimed at preventing scrubber corrosion. Marine scrubbers are a crucial component in reducing harmful emissions from ships, helping the maritime industry adhere to stringent environmental regulations.
Table of Contents – Major Key Points:
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
o COVID-19 Impact Analysis
o Impact of Ukraine- Russia war
o Impact of Ongoing Recession on Major Economies
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Scrubber System Market Segmentation, By Product Type
- Scrubber System Market Segmentation, By Orientation
- Scrubber System Market Segmentation, By Application
- Scrubber System Market Segmentation, By End-use Industry
- Regional Analysis
- Company Profile
- Competitive Landscape
- USE Cases and Best Practices
- Conclusion
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