New York, United States, July 09, 2024 (GLOBE NEWSWIRE) -- The Global Scrubber System Market Size is to Grow from USD 9.36 Billion in 2023 to USD 15.7 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 5.31% during the projected period.
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Scrubber systems are a typical type of equipment used to reduce air pollution because they remove certain gases and particles from industrial exhausts. Their effectiveness in reducing gaseous pollutants, particularly acidic ones, makes them one of the most widely utilized pollution control tools. These devices remove acidic gases from a contaminated exhaust stream by injecting a slurry or dry reagent into it. To recover heat from hot gases utilized in solar, LED, and photovoltaic applications, they are also employed in flue gas condensation and high flows. Their variety of uses therefore contributes to the market's expansion. As the air quality deteriorates daily, rising concerns about greenhouse gas emissions have encouraged initiatives to reduce air pollution. Legislation and regulations about environmental protection are becoming increasingly important in mitigating the consequences of industrial emissions. The implementation of conservation measures, altering industrial processes, and promoting the use of non-toxic products are all heavily emphasized by these rules. These also encourage recycling or reusing things rather than discarding them, which reduces pollution. The usage of scrubbers causes short-term, spatially limited pH value drops, increases in temperature and turbidity, and the release of some persistent materials into the environment. increases in temperature and turbidity, and the release of some persistent materials into the environment.
Browse key industry insights spread across 210 pages with 120 Market data tables and figures & charts from the report on the "Global Scrubber System Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Wet Scrubber System, Dry Scrubber System, and Electrostatic precipitators), By Construction Materials (Metals and Non-Metals), By Industry (Marine, Oil & Gas, Chemical & Petrochemical, Pharmaceutical, Glass, Power Generation, Metal & Mining, Food, Beverage, & Agriculture, and Water & Wastewater Treatment), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The wet scrubber system segment is estimated to hold the largest market share over the projected timeframe.
On the basis of product type, the global scrubber system market is classified into wet scrubber system, dry scrubber system, and electrostatic precipitators. Among these, the wet scrubber system segment is estimated to hold the largest market share over the projected timeframe. This could be the result of its excellence as an air pollution management technique, as it can collect gases and particles in one system. Air, fuel gas, and other gases that include impurities and particles are cleaned by this system.
The metals segment is estimated to dominate the market over the projected timeframe.
On the basis of construction materials, the global scrubber system market is classified into metals and non-metals. Among these, the metals segment is estimated to dominate the market over the projected timeframe. This is because there is a lower chance of serious illness and since the metal industry uses fume extractors.
The marine segment is estimated to hold the largest share of the market over the projected timeframe.
On the basis of industry, the global scrubber system market is classified into marine, oil & gas, chemical & petrochemical, pharmaceutical, glass, power generation, metal & mining, food, beverage, & agriculture, and water & wastewater treatment. Among these, the marine segment is estimated to hold the largest share of the market over the projected timeframe. The primary drivers of growth anticipated include the continued increase in energy consumption in both developed and developing countries, as well as the dependency on fossil fuels.
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Asia Pacific is expected to hold the largest share of the global scrubber system market over the forecast period.
Asia Pacific is expected to hold the largest share of the global scrubber system market over the forecast period. This might be the outcome of several government initiatives and programs in the region, in addition to stringent laws and policies on the control of pollution and the growth of the industrial sector. The rapid expansion of the local market may be attributed to rising industry, urbanization, and knowledge of the numerous health risks and problems associated with air pollution in developing countries. Moreover, the scrubber system market in China has a commanding market share, and during the projected period, the Asia-Pacific scrubber system market in India is expected to grow gradually.
Europe is predicted to grow at the fastest pace in the global scrubber system market during the projected timeframe. Scrubber systems have been utilized by several firms to boost production capacity as a result of the government's extremely tight pollution restrictions. Ships are also closely monitoring this process. Moreover, throughout the estimated period, the European scrubber system market in the UK is expected to grow and expand significantly, while the German scrubber system market now holds the largest market share.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Scrubber System Market include DuPont de Nemours Inc., CECO ENVIRONMENTAL, The Clean Air Group LLC, Yara Marine, Wartsila, Kono Koggs Inc., Babcock & Wilcox Enterprises, Inc., Pollution Systems, Tri-Mer Corporation, Fuji Electric Co. Ltd, Alfa Laval Anguil, Valmet, Nederman Holding AB, Verantis, HAMON, and others.
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Recent Developments
- In October 2021, A contract worth around USD 30 million was granted to Babcock & Wilcox's B&W Environmental business to design and provide a comprehensive portfolio of environmental technology for a US industrial complex.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the Global Scrubber System Market based on the below-mentioned segments:
Global Scrubber System Market, By Product Type
- Wet Scrubber System
- Dry Scrubber System
- Electrostatic Precipitators
Global Scrubber System Market, By Construction
- Metals
- Non-metals
Global Scrubber System Market, By Industry
- Marine
- Oil & Gas
- Chemical & Petrochemical
- Pharmaceutical
- Glass
- Power Generation
- Metal & Mining
- Food, Beverage, & Agriculture
- Water & Wastewater Treatment
Global Scrubber System Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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