Marine Scrubber Systems Market Size By Technology (Wet Technology {Open Loop, Closed Loop, Hybrid}, Dry Technology), By Fuel (MDO, MGO, Hybrid), By Application (Commercial {Container Vessels, Tankers, Bulk Carriers, RO-RO}, Offshore {AHTS, PSV, FSV, MPSV}

Marine Scrubber Systems Market Size By Technology (Wet Technology {Open Loop, Closed Loop, Hybrid}, Dry Technology), By Fuel (MDO, MGO, Hybrid), By Application (Commercial {Container Vessels, Tankers, Bulk Carriers, RO-RO}, Offshore {AHTS, PSV, FSV, MPSV}, Recreational {Cruise Ships, Ferries, Yachts}, Navy), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

The global marine scrubber systems market is anticipated to register commendable growth over 2022-2030, due to rapid technological advancements in the maritime industry.
Shipping companies are striving to develop sustainable fuel alternatives to reduce carbon emissions. Research and development in designing green ships that would not only align with the new environmental norms but also leave the least carbon footprint is a major factor influencing marine scrubber systems industry dynamics.
Liquified natural gas (LNG), in particular, has been identified as a viable alternative to heavy oil in marine fuel applications. To cite an example, CMA CGM, a France-based container shipping firm placed an order with the CSSC (China Shipping Industry Group) for 9 LNG-fueled container vessels, contributing to the growing popularity of LNG as a marine fuel source.
Favorable attributes of LNG fuel, such as reduction of air pollution from ships, delivery of efficient engine performance in combination with diesel oil, and improved fuel efficiency will further augment marine scrubber systems market share.
The global marine scrubber systems market is bifurcated in terms of technology, fuel, application, and region.
In terms of technology, the industry is classified into wet and dry. The dry scrubbers segment registered appreciable revenue in 2021 due to the wide-ranging benefits offered by the product.
Dry scrubbers demonstrate numerous benefits, including the ability to retrofit the devices into current equipment. Furthermore, the usage of dry scrubbers is less expensive and more energy efficient in comparison to wet scrubbers, thereby increasing product demand.
Based on fuel, the marine scrubber systems industry from the MDO segment recorded a commendable valuation in 2021, owing to the cost-effectiveness associated with this fuel type. The growing demand for distillate fuels, given their ability to comply with IMO regulations, will also stimulate segmental progress over the forecast spell.
By application, the marine scrubber systems market is divided into navy, commercial, recreational and offshore. Of these, the offshore segment is poised to register appreciable growth over the forecast period. Stringent norms and directives to mitigate the negative impacts of offshore marine activities along with the accelerated expansion of sea routes would bolster the adoption of marine scrubbers.
From a regional perspective, the North America market is projected to depict a a substantial growth rate through 2030. This growth is attributed mainy to a rise in demand for the technological advancements in conventional vessels.
Moreover, rapid commercialization, in addition to the surging demand for low sulfur fuels to align with current state regulations, will propel regional marine scrubber systems market expansion over the estimated timeline.