Wet Technology Segment to Dominate North America Scrubber Systems Market During 2021–2028

According to a new market research study on “North America Scrubber Systems Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Technology and Industry Verticals” is expected to reach US$ 875.41 million by 2028 from US$ 392.65 million in 2021. The market is estimated to grow at a CAGR of 12.1% from 2021 to 2028. The report provides trends prevailing in the North America scrubber systems market along with the drivers and restraints pertaining to the market growth.  Growth in seaborne trades and leisure activities and strict regulations by various governments to curb air pollution are the major factor driving the growth of the North America scrubber systems market. However, stoppage of coal-fired power plants hinders the growth of North America scrubber systems market.   

Countries in North America, especially the US, are highly affected due to the COVID-19 outbreak. The outbreak in North America has led to the imposition of lockdown, disrupting businesses of many industries such as oil & gas, marine, and manufacturing. The lockdown resulted in a considerable decline in global oil prices, which restricted the oil and gas related projects. Therefore, scrubber systems manufacturing companies faced revenue loss and slow growth in 2020. The shutdown of manufacturing industries due to the COVID-19 pandemic hampered the operations of various industries, which has negatively impacted the market growth. Moreover, due to the social distancing norms to contain the spread of novel coronavirus, many companies from North America have started their operations virtually. Thus, a lower production rate in 2020 reduced the demand for scrubbers in the manufacturing industry. However, the scrubber systems market is expected to grow gradually from 2021 onward as several oil and gas exploring and Production (E&P) companies have started discovering new oil rigs in the Gulf of Mexico. The marine industry in the US is already facing decline, and the COVID-19 pandemic has further increased its downfall. Low marine transportation and new shipbuilding activities may reduce the demand for scrubbers in North America. 

The North America 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 North America 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 North America 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 US, Canada, and Mexico.

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 North America 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, Japan’s National Maritime Research Institute and Alfa Laval reported progress in development of a carbon capture system from a scrubber for ships.     

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com