The scrubber systems market is expected to grow at a significant rate from 2021 to 2028, according to our latest market study. The market is expected to reach a value of US$ 2,989.2 million by 2028, growing at a CAGR of 12.4% from 2021 to 2028. This growth is attributed to the increasingly stringent regulations imposed by governments to curb air pollution, as well as the growing demand for energy-efficient and environmentally-friendly technologies.
The Scrubber Systems Market is segmented into five major regions: North America, Europe, Asia Pacific, Middle East Africa, and South and Central America. In 2020, Europe held the largest market share, followed by North America and Asia Pacific. The growth of the market in these regions is attributed to the stringent environmental regulations imposed on major industries such as cement, glass, chemical and petrochemical, food and agriculture, and pharmaceuticals. These industries are known to emit harmful gases such as nitrogen dioxide (NO2) and sulfur dioxide (SO2), which contribute to air pollution. To mitigate these emissions, governments in these regions have enforced environmental compliance regulations, such as the National Emission Standards for Hazardous Air Pollutants (NESHAP) in the US, which aim to reduce the emissions of NO2 and SO2 from cement factories. This has led to an increased demand for scrubber systems to comply with these regulations and reduce the environmental impact of these industries.
Based on technology, the scrubber systems market is segmented into wet technology and dry technology. Wet technology uses water as the scrubbing medium, while dry technology uses solid sorbents.
In terms of industry verticals, the scrubber systems market is categorized into marine, oil and gas, petrochemicals and chemicals, food and agriculture, wastewater treatment, healthcare, and others.
Geographically, the scrubber systems market is segmented into North America, Europe, Asia Pacific, the Middle East Africa, and South America. The market is expected to grow significantly in Asia Pacific due to the increasing number of cement plants and stringent government regulations to reduce air pollution in the region.
Our latest market study on the "Embedded Antenna System Market Forecast to 2028" indicates that the market is projected to grow from US$ 2,858.37 million in 2021 to US$ 5,685.63 million by 2028. This represents a compound annual growth rate (CAGR) of 10.3% during the forecast period. The growth is largely attributed to factors such as increasing demand for connected devices, rising adoption of wireless communication systems, and advancements in 5G technology. However, the market was also impacted by the COVID-19 pandemic, which led to supply chain disruptions and reduced demand for certain end-use applications.
The global scrubber systems market has experienced significant growth in recent years, driven by increasing environmental regulations and the need to reduce air pollution. However, the COVID-19 pandemic has had a significant impact on the market, with several countries experiencing a decline in demand for scrubber systems.
In 2020, several key players in the marine scrubber market, including Yara Marine Technologies, diverted their focus from the market due to COVID-19 and low oil prices. This decline in demand was attributed to the reduction in global maritime trade, which in turn led to a decline in the demand for scrubber systems.
However, from the third quarter of 2020, the market has witnessed a rise in demand as stringent regulations have been introduced by several governments to maintain clean air. Air scrubber systems are essential in removing hazardous particles from exhaust, supporting the market to regain its momentum.
The market is segmented based on technology and industry verticals. The wet scrubber technology is the most widely used technology in the market, while the dry scrubber technology is gaining popularity due to its ability to handle acid gases.
In terms of industry verticals, the market is categorized into marine, oil and gas, petrochemicals and chemicals, food and agricultural, wastewater treatment, healthcare, and others. The marine industry is the largest end-user of scrubber systems, followed by the oil and gas industry.
Geographically, the market is segmented into North America, Europe, Asia Pacific, the Middle East Africa, and South America. North America is the largest market for scrubber systems, followed by Europe. The Asia Pacific market is expected to grow at the highest CAGR due to the increasing number of cement plants and stringent government regulations to reduce air pollution.
Babcock Wilcox Enterprises, Inc.; Alfa Laval, DuPont de Nemours, Inc.; FUJI ELECTRIC CO., LTD.; GEA Group AG; Wärtsilä Corporation; Hamon; Yara Marine Technologies; Verantis Environmental Solutions Group; and CECO Environmental are among the major companies operating in the scrubber systems market.
