Demand of Military and Defence Segment Globally Driving the Growth of Marine Scrubber Market

Growth of Marine Vessels in Military Applications Along with the Surge In Trade Through The Sea Routes And Others Are Anticipated To Boost The Marine Scrubber Market During The Forecast Period. The marine scrubber market is expected to reach $4.3 billion by 2026 from $2.5 billion in 2020 with a CAGR of 8.53% during 2021 to 2026.

The demand for cargo transportation via waterways is increasing. Because of the safe and stable aspect of marine transportation, a large number of cargos are easily transported to other ports. Furthermore, cargo ships are less costly for transporting goods than road and air transits because ships can transport more cargo in a shorter period of time. According to UNCTAD data, approximately 1.68 billion tonnes of cargo are transported per year in approximately 177.6 million containers covering 998 billion tons-miles. Recent advances in commercial vessels, as well as giant players' innovation in cargo ships outfitted with cutting-edge technology such as advanced sensors, navigation systems, and other components, create a growth potential for commercial vessels.

An increase in the number of product releases has favoured market growth. Because of the increasing demand for marine vessels around the world, many large companies are looking to introduce products of the highest quality and productivity. FSG announced in October 2019 that it had completed the delivery of its eighth marine ship. Siem Europe received a 32,336 GT roll-on/roll-off (RoRo) ferry from the company. The company's new product will not only help the business, but will also improve trade and transportation activities in many European countries. Large-scale companies increasing investments in marine vessel development would generate many growth opportunities in the coming years. The growing focus on the production of advanced marine vessels would create enormous opportunities for market players. In recent years, increased trade activity has also been beneficial to the market. Growing trading activities in various industries are increasing the size of the passenger vessel market. The growing preference for passenger vessels can be attributed to the benefits provided, which include congestion-free and dependable transportation.

North America holds a major share of marine scrubber market owing to Increasing government support for navy defence, combined with the robust growth of progressive shipping lines, is expected to boost North American marine scrubber systems market trends. The United States government is aggressively investing in upgrading its current naval shipyards and fleet repair and maintenance, thus widening the market landscape. According to the International Council on Clean Transportation study, ships equipped with scrubbers, especially cruise ships, were essentially "cheating the global fuel standard." Scrubbers, which are used as an alternative to low-sulphur fuels to comply with the IMO 2020 Sulphur Cap, are toxic to both the air and the sea, according to the study's results. The International Maritime Organization has expressly approved the exhaust gas cleaning devices, known as scrubbers. Despite the fact that scrubber discharges are typically in accordance with IMO guidelines, the study concludes that enforcement does not guarantee that scrubber discharges are safe. Canadian jet boats are adopted by variety of police forces, navies, coast guards worldwide including the U.S navy owing to its excellence in design and construction capabilities due to which marine scrubbers are highly installed propelling the growth of the market.

The International Maritime Organisation has been working to reduce the harmful effects of shipping on the environment through the International Convention for the Prevention of Pollution from Ships (the MARPOL Convention). The MARPOL Convention's Annex VI, which tackles air pollution from shipping by limiting sulphur oxide emissions from ships, was adopted in 1997. While ship-owners try to comply with IMO regulations, the problem now is the confusion in jurisdictions that are not party to Annex VI of the MARPOL Convention or whose domestic regulations restrict the use of open-loop scrubbers. In Argentina, according to reports, local authorities are advising on the alleged prohibition of open-loop scrubber use based on local sewage discharge laws in accordance with Annex IV of the MARPOL Convention. This interpretation, however, has caused confusion about the scope of Annexes IV and VI. Hybrid marine scrubbers can run on either on open loop mode or closed loop mode depending on the alkalinity of the water. Since they deliver the best of both technologies, their ability to work in water with varying levels of alkalinity can drive their acceptance due to which up gradation of old fleets or replacement with these hybrid technologies is going on in the Argentina coast which is expected to boost marine scrubber market in Argentina.

The German shipbuilding industry ranks first in Europe and third in the world. German shipyards are experts in the construction of high-tech container vessels and passenger ships. Their designs are spreading across the world and influencing market needs on a global scale, as they have done with container vessels. This is expected to boost the market growth in this region for marine scrubber. Inland and ocean shipping lanes are vital transport routes for raw materials entering the country as well as commercial goods exported to Europe and elsewhere. About 95 percent of intercontinental and 62 percent of inter-European commercial transport is done by sea, which helps to alleviate traffic congestion on the roads. Commercial shipping and port operations are critical growth industries for the German economy. Italian boatbuilding is highly appreciated worldwide, because of its prominent luxury mega-yacht design and manufacture business. Commercial transactions in leisure boatbuilding are very active between the Italian market and the rest of the world. Exports account for 75% of the Italian boatbuilding trade, while imports account for 25%. Europe accounts for 65 percent of overall Italian imports. Similarly, Spain is one of the biggest marine sectors in the world, and the industry is growing owing to strong oversight and government investments for reforming the Military and Defence sector. Spain's tourism industry is one of the healthiest in the world, due to a year-round influx of British and international visitors. In addition, the Spanish coast is suitable for maritime tours, with pleasure cruises being a mainstay of the tourism industry. Spain's tourism industry has been refined over decades, and it now offers the gold standard for boat tours and expeditions, enticing visitors to return again and again due to which the marine scrubbers are finding their application owing to the certain IMO based standards and governments regulations.

In May 2020, Valmet Pty Ltd. signed a contract with Mitsubishi Shipbuilding Co., Ltd. for delivery of hybrid scrubber systems to Shimonoseki Shipyard. Each vessel is equipped with Valmet marine automation system and two Valmet marine scrubber towers. 

According to the International Council on Clean Transportation study, ships equipped with scrubbers, especially cruise ships, were essentially "cheating the global fuel standard." Scrubbers, which are used as an alternative to low-sulphur fuels to comply with the IMO 2020 Sulphur Cap, are toxic to both the air and the sea, according to the study's results. The International Maritime Organization has expressly approved the exhaust gas cleaning devices, known as scrubbers. Despite the fact that scrubber discharges are typically in accordance with IMO guidelines, the study concludes that enforcement does not guarantee that scrubber discharges are safe.

The major companies in the Marine Scrubber market include Damen Shipyards Group N.V, Yara International ASA, Fuji Electric Co., Ltd., DuPont De Nemours, Inc., EcoSpray Technology, Valmet Pty Ltd., Kwangsung Co. Ltd., Mitsubishi Heavy Industries Ltd., CR Ocean Engineering, Alfa Level among others

In September 2019, Mitsubishi Shipbuilding Co., Ltd., based in Yokohama, has expanded production capacity for its marine SOx scrubber system, which reduces sulphur oxide (SOx) from ship exhaust gas, and has begun shipments of the DIA-SOx® C Series tower and DIA-SOx® R Series tower from partner fabricators in China and Taiwan, respectively. This time, the C Series tower will be installed on LPG carriers and large oil tankers, while the R Series tower will be installed on ultra-large container ships with capacities of 20,000 TEU(Note) and 14,000 TEU.

In June 2019, Alfa Laval has introduced a new integrated water cleaning system for its PureSOx scrubber technology. The PureSOx water cleaning system (WCS) allows for closed-loop scrubbing, either by using a fully fitted hybrid system or by installing a hybrid-ready system that can later be upgraded for closed-loop service.