Europe Scrubber Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Wet Technology and Dry Technology) and Industry Verticals (Marine, Oil and Gas, Petrochemicals and Chemicals, Food and Agricultural, Wastewater Treatment, Healthcare, and Others)
Market Introduction
The scrubber system market in Europe is sub-segmented into France, Germany, Russia, Italy, the UK, and the Rest of Europe. Compared with the Nordic and Eastern European countries, western European countries are more developed and technologically advanced. EU is increasingly stringent policies to observe the numerous constituents of air which is anticipated to propel the growth of the scrubber system market. Also, despite the EU proposals, all member states of the IMO again approved scrubbing system technology as an accepted compliance method. According to European exports, Germany is one of the essential countries for deploying marine scrubbers in long voyage vessels. Furthermore, rising government investments & funding to strengthen the national security by deploying advanced shipping line is leading to the development of advanced vessels encouraging the industry growth. These developing economies and increasing investments toward the shipping and trade industry development is a significant factor driving the market growth. Increasing adoption of scrubber systems by the industries to save labor costs on clean-up methods and time can also fuel the demand for scrubber systems in the region as they enhance revenue generation by reducing the time and labor required to clean exhaust systems.
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.
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Market Overview and Dynamics
The Europe scrubber systems market is expected to grow from US$ 476.01 million in 2021 to US$ 1,041.44 million by 2028; it is estimated to grow at a CAGR of 11.8% from 2021 to 2028. The rising application of sulfur dioxide (SOx) removal scrubber technology in the marine industry has gained significant traction in recent years. It is expected to propel the growth of the market in the coming years. The SOx removal scrubber technology offers three different scrubber technology variants based on the vessel's operating profile, such as open-loop scrubber technology, closed-loop scrubber technology, and hybrid scrubber technology. The open-loop scrubber technology uses seawater to scrub the exhaust gas. It discharges the sulfuric acid content water back into the sea as the natural alkalinity of seawater neutralizes the acid. Further, the close loop scrubber technology uses either seawater or freshwater with an alkaline additive to capture sulfur from the exhaust gas. The hybrid scrubber technology combines both open-loop and closed-loop modes – depending on the water local water discharge regulations, the vessel operators can use either mode. The SOx scrubber technology is becoming popular, and several scrubber system manufacturers have started to fit this technology in marines and ships. For instance, Valmet has developed the SOx scrubber system and began its retrofit in ships. Similarly, ALFA LAVAL has designed a PureSOx scrubber and installed over hundred SOx scrubber systems in the marine industry. Hence, the growing application of SOx removal scrubber technology in the maritime industry is anticipated to trend in the coming years, thereby driving the Europe market growth.
Key Market Segments
In terms of technology, the wet technology segment accounted for the largest share of the Europe scrubber systems market in 2020. In terms of industry verticals, the marine segment held a larger market share of the Europe scrubber systems market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe scrubber systems market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.
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Europe Scrubber Systems Market Segmentation
Europe Scrubber Systems Market - By Technology
- Wet Technology
- Dry Technology
Europe Scrubber Systems Market - By Industry Verticals
- Marine
- Oil and Gas
- Petrochemicals and Chemicals
- Food and Agricultural
- Wastewater Treatment
- Healthcare
- Others
Europe Scrubber Systems Market - By Country
- Germany
- France
- Italy
- Russia
- UK
- Rest of Europe
Europe Scrubber Systems Market - Company Profiles
- 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
- Yara Marine Technologies
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Scrubber Systems Market – By Technology
1.3.2 Europe Scrubber Systems Market – By Industry Verticals
1.3.3 Europe Scrubber Systems Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Scrubber Systems Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Scrubber System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Stiff Regulations by Various Governments to Curb Air Pollution
5.1.2 Growing Seaborne Trades and Leisure Activities
5.2 Market Restraints
5.2.1 Cessation of Coal-Fired Power Plants
5.3 Market Opportunities
5.3.1 Escalating Industrialization in Several Economies
5.4 Future Trends
5.4.1 Surging Application of SOx Removal Scrubber Technology in Maritime Industry
5.5 Impact Analysis of Drivers and Restraints
6. Scrubber Systems Market – Europe Analysis
6.1 Europe Scrubber Systems Market Overview
6.2 Europe Scrubber Systems Market Forecast and Analysis
7. Europe Scrubber Systems Market Analysis – By Technology
7.1 Overview
7.2 Europe Scrubber Systems Market Breakdown, By Technology, 2020 & 2028
7.3 Wet Technology
7.3.1 Overview
7.3.2 Wet Technology Scrubber Systems Market Revenue and Forecasts to 2028 (US$ Mn)
7.4 Dry technology
7.4.1 Overview
7.4.2 Dry technology Scrubber Systems Market Revenue and Forecasts to 2028 (US$ Mn)
8. Europe Scrubber Systems Market Analysis – By Industry Verticals
8.1 Overview
8.2 Europe Scrubber Systems Market Breakdown, By Industry Verticals, 2020 & 2028
8.3 Marine
8.3.1 Overview
8.3.2 Marine Market Revenue and Forecasts to 2028 (US$ Mn)
8.4 Oil and Gas
8.4.1 Overview
8.4.2 Oil and Gas Market Revenue and Forecasts to 2028 (US$ Mn)
8.5 Petrochemicals and Chemicals
8.5.1 Overview
8.5.2 Petrochemicals and Chemicals Market Revenue and Forecasts to 2028 (US$ Mn)
8.6 Food and Agricultural
8.6.1 Overview
8.6.2 Food and Agricultural Market Revenue and Forecasts to 2028 (US$ Mn)
8.7 Wastewater Treatment
8.7.1 Overview
8.7.2 Wastewater Treatment Market Revenue and Forecasts to 2028 (US$ Mn)
8.8 Pharmaceutical
8.8.1 Overview
8.8.2 Pharmaceutical Market Revenue and Forecasts to 2028 (US$ Mn)
8.9 Others
8.9.1 Overview
8.9.2 Others Market Revenue and Forecasts to 2028 (US$ Mn)
9. Europe Scrubber Systems Market – Country Analysis
9.1 Overview
9.1.1 Europe Scrubber Systems Market Breakdown, By Country
9.1.1.1 Germany Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
9.1.1.1.1 Germany Scrubber Systems Market Breakdown, By Technology
9.1.1.1.2 Germany Scrubber Systems Market Breakdown, By Industry Verticals
9.1.1.2 France Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
9.1.1.2.1 France Scrubber Systems Market Breakdown, By Technology
9.1.1.2.2 France Scrubber Systems Market Breakdown, By Industry Verticals
9.1.1.3 Italy Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
9.1.1.3.1 Italy Scrubber Systems Market Breakdown, By Technology
9.1.1.3.2 Italy Scrubber Systems Market Breakdown, By Industry Verticals
9.1.1.4 UK Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
9.1.1.4.1 UK Scrubber Systems Market Breakdown, By Technology
9.1.1.4.2 UK Scrubber Systems Market Breakdown, By Industry Verticals
9.1.1.5 Russia Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
9.1.1.5.1 Russia Scrubber Systems Market Breakdown, By Technology
9.1.1.5.2 Russia Scrubber Systems Market Breakdown, By Industry Verticals
9.1.1.6 Rest of Europe Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
9.1.1.6.1 Rest of Europe Scrubber Systems Market Breakdown, By Technology
9.1.1.6.2 Rest of Europe Scrubber Systems Market Breakdown, By Industry Verticals
10. Impact of COVID-19 Pandemic on Europe Scrubber Systems Market
10.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 New Product Development
12. Company Profiles
12.1 Babcock & Wilcox Enterprises, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Alfa Laval
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 DuPont de Nemours, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 FUJI ELECTRIC CO., LTD.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 GEA Group AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Wärtsilä Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Hamon
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Yara Marine Technologies
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Verantis Environmental Solutions Group
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 CECO Environmental
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Europe Scrubber Systems Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. Germany Scrubber Systems Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 3. Germany Scrubber Systems Market Revenue and Forecast to 2028 – By Industry Verticals (US$ Mn)
Table 4. France Scrubber Systems Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 5. France Scrubber Systems Market Revenue and Forecast to 2028 – By Industry Verticals (US$ Mn)
Table 6. Italy Scrubber Systems Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 7. Italy Scrubber Systems Market Revenue and Forecast to 2028 – By Industry Verticals (US$ Mn)
Table 8. UK Scrubber Systems Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 9. UK Scrubber Systems Market Revenue and Forecast to 2028 – By Industry Verticals (US$ Mn)
Table 10. Russia Scrubber Systems Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 11. Russia Scrubber Systems Market Revenue and Forecast to 2028 – By Industry Verticals (US$ Mn)
Table 12. Rest of Europe Scrubber Systems Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 13. Rest of Europe Scrubber Systems Market Revenue and Forecast to 2028 – By Industry Verticals (US$ Mn)
Table 14. Glossary of Terms
LIST OF FIGURES
Figure 1. Europe Scrubber Systems Market Segmentation
Figure 2. Europe Scrubber Systems Market Segmentation –By Country
Figure 3. Europe Scrubber Systems Market Overview
Figure 4. Europe Scrubber Systems Market, By Technology
Figure 5. Europe Scrubber Systems Market, By Industry Verticals
Figure 6. Europe Scrubber Systems Market, By Country
Figure 7. Europe – PEST Analysis
Figure 8. Europe Scrubber Systems Market Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Europe Scrubber Systems Market Impact Analysis of Drivers and Restraints
Figure 11. Europe Scrubber Systems Market, Forecast and Analysis (US$ Mn)
Figure 12. Europe Scrubber Systems Market Breakdown, By Technology, 2020 & 2028 (%)
Figure 13. Europe Wet Technology Scrubber Systems Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. Europe Dry technology Scrubber Systems Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. Europe Scrubber Systems Market Breakdown, By Industry Verticals, 2020 & 2028 (%)
Figure 16. Europe Marine Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Europe Oil and Gas Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. Europe Petrochemicals and Chemicals Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. Europe Food and Agricultural Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. Europe Wastewater Treatment Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. Europe Pharmaceutical Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. Europe Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. Europe: Scrubber Systems Market Revenue Overview, by Country (2020) (US$ Mn)
Figure 24. Europe Scrubber Systems Market Breakdown, By Country, 2020 & 2028(%)
Figure 25. Germany Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
Figure 26. France Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
Figure 27. Italy Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
Figure 28. UK Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
Figure 29. Russia Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
Figure 30. Rest of Europe Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
Figure 31. Impact of COVID-19 Pandemic in Europe Country Markets- 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
- Yara Marine Technologies
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