Food and Agricultural Segment is Expected to be Fastest Growing During Forecast Period for APAC Region   

According to a new market research study on “APAC Scrubber Systems Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Technology and Industry Verticals” is expected to reach US$ 779.89 million by 2028 from US$ 322.16 million in 2021. The market is estimated to grow at a CAGR of 13.5% from 2021 to 2028. The report provides trends prevailing in the APAC scrubber systems market along with the drivers and restraints pertaining to the market growth. Burgeoning industrialization in developing economies and surging application of SOx removal scrubber technology in maritime industry are the major factor driving the growth of the APAC scrubber systems market. However, termination of coal-fired power plants hinders the growth of APAC scrubber systems market.     

Countries in APAC, especially India, are highly affected due to the COVID-19 outbreak. APAC constitutes the world’s two most populated countries and prominent oil and gas producing and ship manufacturing countries. China, India, Japan, Singapore, and South Korea are a few prominent countries in the region. China is the major natural gas producing country in the region and had imposed strict lockdown and social isolation restrictions, which stopped exploration activities and reduced the demand for new oil and gas technologies across the country. The overall decline of E&P activities in the oil & gas industries hampered the demand for scrubber systems across APAC during the first two quarters of 2020. However, with the resumption, the exploration and manufacturing activities of several economies in the region supported the growth. For instance, in September 2020, Mitsubishi Shipbuilding Co., Ltd. announced of the successful installation of DIA-Sox, marine SOx scrubbers on 22 ships during 2020. Similarly, in November 2020, Wärtsilä received an order to install 25MW scrubber on Japanese shipyard—Very Large Crude Carrier (VLCC), which is supposed to be delivered in 2022. Thus, the market is projected to recover steadily in the coming years and gain traction for scrubber systems during the forecast period.

The APAC scrubber systems market is segmented based on technology, industry verticals, and country. Based on technology, the market is segmented into wet technology and dry technology. The wet technology segment dominated the APAC scrubber systems market in 2020 and same segment is expected to be fastest growing during forecast period. In terms of industry verticals, the market is segmented into marine, oil and gas, petrochemicals and chemicals, food and agricultural, wastewater treatment, healthcare, and others. The marine segment dominated the APAC scrubber systems market in 2020 and food and agricultural segment is expected to be fastest growing during forecast period.  In terms of country, the market is segmented into China, India, Japan, South Korea, Australia, and rest of APAC.

Alfa Laval; Babcock & Wilcox Enterprises, Inc.; CECO Environmental; DuPont de Nemours, Inc.; FUJI ELECTRIC CO., LTD.; GEA Group AG; Hamon; Verantis Environmental Solutions Group; Wärtsilä Corporation; and Yara Marine Technologies are among the leading companies in the APAC scrubber systems market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Babcock & Wilcox Environmental has announced that it is going to support Amager Resource Center’s application for more than $140 million USD to build an advanced carbon dioxide capture facility at ARC’s Amager-Bakke (Copenhill) waste to energy facility in Copenhagen, Denmark.       

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