Scrubber System Market 2019 Development Strategy, Historical Analysis, Business Growth, Regional Analysis and Trends by Forecast to 2023embed
According to Market Research Future (MRFR), the global scrubber system market is expected to scale up a valuation to USD 1.7 BN by 2023 from USD 1.12 BN in 2017. MRFR further asserts that the scrubber system market would register a CAGR over 12.3% t
Global Non-Volatile Memory Market Research Report: Forecast to 2023 Scrubber System Market Research Report: Global Forecast to 2023 Page |1 Copyright © 2017 Market Research Future. Global Non-Volatile Memory Market Research Report: Forecast to 2023 VIEW REPORT PRESS RELEASE SAMPLE REPORT Page |2 Copyright © 2017 Market Research Future. Global Non-Volatile Memory Market Research Report: Forecast to 2023 Summary According to Market Research Future (MRFR), the global scrubber system market is expected to scale up a valuation to USD 1.7 BN by 2023 from USD 1.12 BN in 2017. MRFR further asserts that the scrubber system market would register a CAGR over 12.3% throughout the forecast period (2018-2023). Scrubber system is one of the essential components used in various industries to control pollution by removing harmful chemicals and acids from polluted gas. There are multiple types of scrubber systems that are used in this process, including wet, dry, and electrostatic scrubbers. With an efficient scrubber system, a facility can complete production and protect the environment, community, and their workers. In addition, the scrubber system can also remove pollutants that can be processed and used as end products themselves. Over the past few years, the global scrubber system market has been growing continually, mainly due to the stringent government policies to control air pollution. Moreover, usages of the scrubber system are increasing rapidly in the shipping industry that has a strict regulation against gaseous emissions and is witnessing an uptick in maritime transport and seaborne trade. This, as a result, escalates the market on the global platform. Other factors defining the landscape of the market include resurged O&G industry, high demand for crude oil, and recent discoveries of oil reservoirs in some regions and rising deepwater production. Additionally, spurting growth in various sectors, including automotive, food & beverages, and chemicals foster the growth of the market. On the other hand, stringent safety norms and standards due to which time required for product approval prolongs impede the growth of the market. Nevertheless, recently increased interest in shale gas extraction is expected to support the growth of the market, creating the demand for the scrubber system. Page |3 Copyright © 2017 Market Research Future. Global Non-Volatile Memory Market Research Report: Forecast to 2023 Market Segmentation The report segments the market into five key dynamics to widen the scope of understanding, By Type : Wet Scrubber System and Dry Scrubber System By Orientation : Vertical and Horizontal. By Application : Onshore and Offshore. By End-use Industry : Oil & Gas, Automotive, Food & Beverages, and Chemicals. By Regions : North America, Europe, Asia Pacific, and the Rest-of-the-World. Regional Analysis Europe dominates the global scrubber system market, holding the largest share. Stringent regulations in the region against the increasing pollution levels are compelling a number of industries to implement scrubber systems in their production. Moreover, increasing uptake of scrubber system in various burgeoning industries such as O&G, F&B, chemicals, and automotive positively impacts the growth in the regional market. North America is another lucrative market for the scrubber system, globally. Increasing exploration activities in the USA and Canada are growing the market value, creating huge demand for scrubber system. Recent discoveries of large oil and gas reservoirs are fostering the growth of the regional market. Furthermore, the adoption of global policies of maintaining safe ecological standards increases sales in the market. Middle East is the biggest oil and gas exporter and is further planning to expand their O&G production infrastructure. The region has well-established hydrocarbon reserves, and more investments are made to explore potential new reserves. The Asia Pacific scrubber system market is emerging as a promising market globally. Due to the rapidly growing industries such as automotive, food & beverages, and chemicals, the region is expected to show substantial growth. The drastic shift towards the increasing eco-awareness and environment protection is substantiating the growth of the regional market. China and South Korea are lucrative markets attracting market titans. Page |4 Copyright © 2017 Market Research Future. Global Non-Volatile Memory Market Research Report: Forecast to 2023 Competitive Landscape The scrubber system market appears to be well-established yet competitive due to the presence of many small and large-scale players. Matured players incorporate strategic initiatives such as acquisition, collaboration, expansion, and product & technology launch to gain a competitive advantage in this market. Players leading the scrubber system market include Nederman Mikropul, Alfa Laval, Wärtsilä, Yara Marine, Alfa Laval, DuPont, Evoqua, CECO, Verantis, Croll Reynold, Fuji Electric, Fabritech Engineers, and Beltran Technologies, among others. Industry Updates: July 09, 2018 –--- Global Echo Co., Ltd. (Korea), a technology-oriented marine product manufacturing company launched a new revolutionary exhaust scrubber system - MS-SOx that require no dry-docking for the retrofitting procedure. Global echo is focused on research and development of the marine equipment by combining technologies of various industries. Page |5 Copyright © 2017 Market Research Future. Global Non-Volatile Memory Market Research Report: Forecast to 2023 owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools. Page |6 Copyright © 2017 Market Research Future.