Market Size of Scrubber Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 5.20 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Scrubber Market Analysis
The scrubber market is expected to register a CAGR of more than 5.2% over the period of 2020-2025. Factors, such as rising concerns on air pollution, coupled with increasing awareness about air quality control systems or solutions, are expected to increase the demand for scrubbers during the forecast period. However, the shutdown of coal-fired power plants in major countries across the world, along with the increasing share of renewables in the power generation mix is expected to restrain the growth of the market studied.
- The cement industry is expected to be the fastest-growing end-user industry, owing to the rising demand for scrubbers to control emissions from the cement manufacturing plants.
- Until 31st December 2019, for ships operating outside Emission Control Areas, the limit for sulfur content of ships' fuel oil is 3.50% m/m (mass by mass). The 0.50% m/m limit has been applied from 1 January 2020. This, in turn, is expected to create a significant amount of opportunities for the scrubber system manufacturers and suppliers in the coming years.
- Asia-Pacific dominated the global scrubber market in 2018, with the majority of the demand coming from China, India, and Japan.