NEW YORK, Oct. 28, 2021 /PRNewswire/ -- The global marine scrubber market size is expected to increase by USD 6.26 billion between 2020 and 2025. However, the growth momentum is expected to decelerate at a CAGR of almost 32% during the forecast period, according to Technavio.
The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Alfa Laval AB, Andritz AG, Clean Marine AS, CR Ocean Engineering LLC, DuPont de Nemours Inc., Langh Ship Oy Ab, Mitsubishi Heavy Industries Ltd., Valmet Oyj, Wartsila Corp., and Yara International ASA are some of the major market participants. Although compliance with MARPOL regulations will offer immense growth opportunities, frequent changes in regulations will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Technavio presents a detailed picture of the marine scrubber market by the way of study, synthesis, and summation of data from multiple sources.
This study identifies financial aid for the installation of marine scrubbers as one of the prime reasons driving the marine scrubber market growth during the next few years.
Marine Scrubber Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Marine Scrubber Market. Backed with competitive intelligence and benchmarking, our research reports on the Marine Scrubber Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist marine scrubber market growth during the next five years
Estimation of the marine scrubber market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the marine scrubber market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of marine scrubber market vendors
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Marine Scrubber Market Scope
Growth momentum & CAGR
Decelerate at a CAGR of almost 32%
Market growth 2021-2025
USD 6.26 billion
YoY growth (%)
APAC, Europe, North America, South America, and MEA
Performing market contribution
APAC at 41%
Key consumer countries
China, South Korea (Republic of Korea), UK, Japan, and Norway
Leading companies, competitive strategies, consumer engagement scope
Alfa Laval AB, Andritz AG, Clean Marine AS, CR Ocean Engineering LLC, DuPont de Nemours Inc., Langh Ship Oy Ab, Mitsubishi Heavy Industries Ltd., Valmet Oyj, Wartsila Corp., and Yara International ASA
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.