Scrubber Systems Market to Grow at a CAGR of 12.4% to reach US$ 2,989.2 Million from 2021 to 2028 - The Insight Partners

New York, October 30, 2021 /PRNewswire/ -- According to The Insight Partners study on “Scrubber Systems Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, Ammunition, Accessories, and Geography,” the market is projected to reach US$ 3,897.0 million by 2027 from US$ 2,045.5 million in 2021; it is expected to register a CAGR of 8.2% during 2018–2027.

The global scrubber systems market is segmented into five major regions— North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. In 2020, Europe led the market with a substantial revenue share, followed by North America and Asia Pacific. Major manufacturing industries such as cement, glass, chemical and petrochemical, food and agriculture, and pharmaceuticals are known for harmful gas emissions. 

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The rapid industrialization in developing economies is creating a lucrative opportunity for scrubber system manufacturers to augment their market share. The growing industrial activities in developing economies such as China, India, Brazil, and Vietnam result in more plants and factories in various industries. In this rapid industrialization era, the developing economies are witnessing a surge in new production facilities or capacities of the manufacturing industries such as cement, glass, petrochemicals and chemicals, oil & gas, food & beverages, pharmaceuticals, mining & metallurgy, and pulp & paper. For instance, China's National Bureau of Statistics (NBS) has reported a 1.6% year-on-year rise in cement production to 2.377 billion tons for 2020. Also, the country is witnessing constructions of 3,203 cement factory projects, which started in December 2020, with a total investment of US$ 415.6 billion.

The outbreak of COVID-19 in North America, especially in the US and Canada, led to the imposition of lockdown measures, thereby affecting many industries' businesses, including oil & gas, marine, and manufacturing. The lockdown resulted in a considerable decline in global oil prices, which further restricted the oil & gas-related projects. Hence, scrubber systems manufacturing companies faced revenue loss and slow growth in 2020. The shutdown of manufacturing industries due to the COVID-19 pandemic hampered the operations of various industries, which has negatively impacted the market. 

Impact of COVID-19 Pandemic on Scrubber System Market

The sudden outbreak of COVID-19 has witnessed a significant negative impact of COVID-19 in their demand for the scrubber systems industry in the wake of the global pandemic. In August 2020, Yara Marine Technologies—one of the leading players for marine scrubbers—has diverted its focus from the market due to COVID-19 and low oil prices. The company's innovation manager stated that they had high hopes in 2020 for scrubber systems, but COVID-19 changed it all. However, the market has witnessed a rise in demand from the third quarter as several governments have introduced stringent regulations to maintain clean air. Air scrubber systems play a vital role in removing hazardous particles from exhaust, supporting the market to regain its momentum.

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Rising international trades through sea routes and increasing leisure activities are propelling the growth of the scrubber system market. The rise in global seaborne business can be attributed to its economic transportation cost and continually rising global demand for goods and petroleum products. For instance, as per the United Nations Conference on Trade and Development (UNCTAD), in 2019, 11,076 million tons of goods were transported through seaborne routes. To transport this mass volume of goods globally, large cargo ships are required. These ships are among the major users of scrubber systems. the rising participation in leisure activities such as cruise vacations and the international voyage is increasing the use of marine ships and subsequently fueling the growth of the scrubber system market. 

Scrubber Systems Market: Competitive Landscape and Key Developments

Wilcox Enterprises, Inc.; Alfa Laval, DuPont de Nemours, Inc.; FUJI ELECTRIC CO., LTD.; GEA Group AG; Wärtsilä Corporation; Hamon; Yara Marine Technologies; Verantis Environmental Solutions Group; and CECO Environmental are among the key players in the global Scrubber Systems market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

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In July 2021, Wilcox Environmental announced that it would support Amager Resource Center's application to build an advanced carbon dioxide capture facility at ARC's Amager-Bakke (Copenhill) waste to energy facility in Copenhagen, Denmark, for more than US$ 140 million.

In September 2021, DuPont Clean Technologies introduced an innovative and advanced steam plume suppression solution for its MECS DynaWave scrubbers in sulfur recovery units (SRU) applications. Sennuba provides reliable corrosion control and plume suppression in the scrubbing system that is at minimal risk of plugging.

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