Global Scrubber System Market Size to Grow at a CAGR of 10.70% in the Forecast Period of 2023-2028
The ‘Global Scrubber System Market Share, Size, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global scrubber system market, assessing the market on the basis of its segments like type, end use, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Scrubber System Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 10.70%
The versatile applications of scrubber systems, owing to their significant utility across sectors such as oil and gas, marine, pharmaceutical, and glass, among others, is driving its demand. These systems are gaining traction in the oil and gas sector to de-contaminate gas streams before discharging into the environment. Hence, the burgeoning oil and gas sector across the developing economic nations is driving the scrubber system market growth.
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Pharmaceutical scrubbers are also major de-contaminating components in the pharmaceutical sector which have high efficiency at low pressure drops. In this regard, the demand for pharmaceutical scrubbers is expected to escalate in the forecast period, owing to the growing research and development activities across pharmaceutical plants.
Scrubber systems are important for the environment as they eradicate particulate matter and acidic gases which are heavy sources of environmental degradation. Therefore, the increasing environmental consciousness and favourable regulations by various governments aimed towards improving air quality are further boosting the scrubber system market.
Further, scrubber systems are also witnessing a healthy demand from the mining and metallurgy sector to remove contaminants and gauge from ores which improves the quality of the targeted material. Hence, the thriving mining and metallurgy sector owing to the heightening mineral exploration activities is anticipated to provide impetus to the market in the forecast period.
Scrubber System Industry Definition and Major Segments
A scrubber system is a versatile sorbent injection system which removes harmful contaminants, pathogens, and pollutants, from gas streams in order to prevent air pollution. Scrubber systems are most commonly deployed in industrial exhausts to prevent harmful gases from getting disseminated into the environment. Scrubber systems are crucial for reducing adverse industrial impacts on the environment.
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Based on type, the market is bifurcated into:
• Wet Scrubber System
• Dry Scrubber System
On the basis of end use, the market is divided into:
• Oil and Gas
• Petrochemicals and Chemicals
• Mining and Metallurgy
Based on region, the market is categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Scrubber System Market Trends
The key trends in the global scrubber system market include the increasing deployment of scrubber systems in marine vessels to facilitate exhaust cleaning. The increasing sea trade among developing economies is escalating the deployment of marine vessels and spearheading onshore marine activities. Meanwhile, the rising defence expenditure across emerging sovereign nations is bolstering the development of war vessels which are further generating the demand for scrubber systems to reduce their environmental impact.
The increasing application of scrubber systems in glass manufacturing is another crucial trend in the scrubber system market to prevent the spread of contaminants that would prove hazardous to the environment. Therefore, the rising demand for glass to facilitate urban development projects and to augment the development of commercial and residential complexes across the developing economies is accelerating the growth of the market for scrubber systems.
The growing research activities and innovations by key market players aimed towards providing comprehensive gas treatment options in end use sectors are further fuelling the market growth. In terms of region, Asia Pacific accounts for a decent share in the market, driven by the increasing regulations by various governments against environment pollution across ASEAN, Australia, and India, among others.
Key Market Players
The major players in the scrubber system market report are
• Yara Marine Technologies
• Fuji Electric Co., Ltd.
• Thermax Limited
• Valmet Oyj
• Evoqua Water Technologies LLC
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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