Marine Segment to Dominate Europe Scrubber Systems Market During 2021–2028   

According to a new market research study on “Europe Scrubber Systems Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Technology and Industry Verticals” is expected to reach US$ 1,041.44 million by 2028 from US$ 476.01 million in 2021. The market is estimated to grow at a CAGR of 11.8% from 2021 to 2028. The report provides trends prevailing in the Europe scrubber systems market along with the drivers and restraints pertaining to the market growth. Stiff regulations by various governments to curb air pollution and growing seaborne trades and leisure activities are the major factor driving the growth of the Europe scrubber systems market. However, cessation of coal-fired power plants hinders the growth of Europe scrubber systems market.    

Countries in Europe, especially France and Russia, are highly affected due to the COVID-19 outbreak. In Europe, owing to the outbreak, several countries have suffered an economic hit due to the decline in business activities across the marine, oil & gas, and manufacturing sectors in the first quarter of 2020. Many of the member states implemented drastic measures on imports and exports and shipment of goods, as well as partially closed their borders, which hindered the demand for scrubber systems in Europe. Russia is a one of the leading natural gasses producing countries in the global market and is severely affected by the pandemic due to nationwide lockdown, disrupted oil & gas supply chain, and reduced demand for oil and gas related products. Similar trend has been observed in other oil and gas producing European countries. The FY 2020 was supposed to be the great year for the marine scrubber market as IMO (International Maritime Organization’s) introduced new regulation to control the pollution at aquatic environment. This was expected to increase the demand for advanced scrubbers significantly. However, the COVID-19 pandemic delayed the implementation and the marine industry has already faced decline in revenues. Due to the pandemic, a revision of the 2015 Guidelines for Exhaust Gas Cleaning System has been stalled and scheduled for November 2021. However, the market is gaining momentum with the increasing order and stabilization in the shipping industry. New regulations creating demand for scrubbers to maintain healthy environment would create lucrative opportunities for the Europe scrubber systems market in the coming years. 

The Europe 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 Europe 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 Europe 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 the UK, Germany, France, Italy, Russia, and rest of Europe.

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 Europe 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, Wärtsilä joins the partnership of companies that aim to develop carbon capture and storage (CCS) technologies. Wärtsilä has become a partner in the Linking Carbon Capture and Storage (LINCCS) consortium.          

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