The Ship Exhaust Gas Scrubber market was valued at 1300 Million US$ in 2017 and is projected to reach 18200 Million US$ by 2025, at a CAGR of 39.1% during the forecast period.
Los Angeles, CA -- (SBWIRE) -- 10/02/2018 -- This study focuses on the production side and consumption side of Ship Exhaust Gas Scrubber, presents the global Ship Exhaust Gas Scrubber market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Ship Exhaust Gas Scrubber capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Ship Exhaust Gas Scrubber by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
The overwhelming majority of ships around the world operate using engines and boilers powered by heavy fuel oil. The resulting combustion exhaust gases that are emitted contain soot and sulfur oxides that pollute the environment.
Ship Exhaust Gas Scrubber exhaust gas cleaning reduces sulphur (SO2) and particulate emissions from ship engines, generators, and boilers. Ship Exhaust Gas Scrubber should enable ships to meet sulphur emission limits as required by IMO MARPOL Annex VI regulations without switching to low-sulphur fuel.
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The IMO limits SOx emissions by regulating the sulfur content of marine fuels, and it is anticipated that the reductions in the emission control area and global sulfur limits to 0.1% and 0.5%, that will be effective from 1 January 2015 and 1 January 2020 (subject to review in 2018) respectively, will promote increasing use of exhaust gas cleaning systems, such as SOx scrubbers. And the technology barrel is high.
For industry structure analysis, the Ship Exhaust Gas Scrubber Industry is concentrate. The top four producers account for about 78.56% of the revenue market. The production of ship exhaust gas scrubber increase from 31 Units in 2011 to 207 Units in 2016, with an average growth rate of 46.5%.
Europe occupied 94.44% of the production market in 2015. It is followed by USA, which have around 5.56% of the global total industry. Other countries did not have production. Geographically, Europe was the largest consumption market in the world, which took about 87.50% of the global consumption volume in 2015. USA shared 6.25% of global total.
For forecast, the global Ship Exhaust Gas Scrubber revenue would keep increasing with annual growth rate with 50~80%. We tend to believe that this industry still has a bright future, considering the current demand of Ship Exhaust Gas Scrubber. As for product prices, the slow downward trend in recent years will continue in the next few years, as competition intensifies. Similarly, there will be fluctuations in gross margin.
The Ship Exhaust Gas Scrubber market was valued at 1300 Million US$ in 2017 and is projected to reach 18200 Million US$ by 2025, at a CAGR of 39.1% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Ship Exhaust Gas Scrubber.
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This report includes the following manufacturers; we can also add the other companies as you want.
Market Segment by Product Type
Open Loop Scrubbers
Closed Loop Scrubbers
Market Segment by Application
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