North America 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)

TIPRE00026169 | Pages: 120 | Electronics and Semiconductor | Dec 2021 | Type: Regional | Status: Published

Market Introduction

The scrubber system market in North America is sub-segmented into U.S., Canada, and Mexico. North America is expected to provide a vast opportunity to the scrubber systems market during the forecast period due to rising demand from the pharmaceutical and marine industry in the region. In the pharmaceutical industry, scrubber system is used as air pollution control systems for treating acid gases (HCl, Cl2, SO2, H2S), essential gases (NH3, amines), dust and aerosols (100 to < 1-micron particle sizes), and others. The rising demand for scrubber systems in the marine industry is due to rising concerns about lower SOx emissions and growing maritime pollution. Additionally, governments have been outlaying massive investments to improve technology and develop advanced marine scrubbers to address the rising environmental concerns. Government agencies, such as IMO, have introduced strict policies to conserve the environment and lower emissions. These scrubbers are highly being adopted because of the limited availability of gas oil. High annual fuel consumption has witnessed the increased installation of MDO marine scrubber systems due to their less up-front expenses, easy installation process, and low maintenance. Moreover, growing stringent environmental regulations to reduce atmospheric emissions are crucial to raising the scrubber system 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. 


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Market Overview and Dynamics

The North America scrubber systems market is expected to grow from US$ 392.65 million in 2021 to US$ 875.41 million by 2028; it is estimated to grow at a CAGR of 12.1% from 2021 to 2028. The rapid industrialization in several economies is creating a lucrative opportunity for scrubber system manufacturers to augment their market share further. The growing industrial activities in several economies result in more establishments of plants and factories of various industries. In this rapid industrialization era, several economies are witnessing a surge in new production facilities or capacities of the manufacturing industries such as cement, glass, petrochemicals and chemicals, oil & gas, food & beverages, pharmaceuticals, mining & metallurgy, and pulp & paper. Furthermore, several countries are witnessing significant investments in the glass processing and manufacturing industry. These developments are simultaneously boosting the scope for the increased application of scrubber systems as the glass manufacturing industry is one of the prime ends users of scrubber systems. Thus, the rapid industrialization in several economies is increasing the demand for scrubber systems across North America region.

Key Market Segments

In terms of technology, the wet technology segment accounted for the largest share of the North America scrubber systems market in 2020. In terms of industry verticals, the marine segment held a larger market share of the North America 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 North America 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.

Reasons to buy report

  • To understand the North America scrubber systems market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America scrubber systems market
  • Efficiently plan M&A and partnership deals in North America scrubber systems market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America scrubber systems market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region

North America Scrubber Systems Market Segmentation

North America Scrubber Systems Market - By Technology

  • Wet Technology
  • Dry Technology

North America Scrubber Systems Market - By Industry Verticals

  • Marine
  • Oil and Gas
  • Petrochemicals and Chemicals
  • Food and Agricultural
  • Wastewater Treatment
  • Healthcare
  • Others

North America Scrubber Systems Market - By Country

  • US
  • Canada           
  • Mexico    

North America 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        North America Scrubber Systems Market – By Technology

1.3.2        North America Scrubber Systems Market – By Industry Verticals

1.3.3        North America Scrubber Systems Market – By Country

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Scrubber Systems Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Scrubber System Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Strict Regulations by Various Governments to Curb Air Pollution

5.1.2        Growth in Seaborne Trades and Leisure Activities

5.2         Market Restraints

5.2.1        Stoppage of Coal-Fired Power Plants

5.3         Market Opportunities

5.3.1        Increasing Industrialization in Several Economies

5.4         Future Trends

5.4.1        Rising Application of SOx Removal Scrubber Technology in Maritime Industry

5.5         Impact Analysis of Drivers and Restraints

6.           Scrubber Systems Market – North America Analysis

6.1         North America Scrubber Systems Market Overview

6.2         North America Scrubber Systems Market Forecast and Analysis

7.           North America Scrubber Systems Market Analysis – By Technology

7.1         Overview

7.2         North America 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.           North America Scrubber Systems Market Analysis – By Industry Verticals

8.1         Overview

8.2         North America 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.           North America Scrubber Systems Market – Country Analysis

9.1         Overview

9.1.1        North America Scrubber Systems Market Breakdown, By Country

9.1.1.1          US Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)

9.1.1.1.1          US Scrubber Systems Market Breakdown, By Technology

9.1.1.1.2          US Scrubber Systems Market Breakdown, By Industry Verticals

9.1.1.2          Canada Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)

9.1.1.2.1          Canada Scrubber Systems Market Breakdown, By Technology

9.1.1.2.2          Canada Scrubber Systems Market Breakdown, By Industry Verticals

9.1.1.3          Mexico Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)

9.1.1.3.1          Mexico Scrubber Systems Market Breakdown, By Technology

9.1.1.3.2          Mexico Scrubber Systems Market Breakdown, By Industry Verticals

10.        Impact of COVID-19 Pandemic on North America Scrubber Systems Market

10.1      North America: 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.             North America Scrubber Systems Market, Revenue and Forecast, 2019–2028 (US$ Mn)

Table 2.             US Scrubber Systems Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 3.             US Scrubber Systems Market Revenue and Forecast to 2028 – By Industry Verticals (US$ Mn)

Table 4.             Canada Scrubber Systems Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 5.             Canada Scrubber Systems Market Revenue and Forecast to 2028 – By Industry Verticals (US$ Mn)

Table 6.             Mexico Scrubber Systems Market Revenue and Forecast to 2028 – By Technology (US$ Mn)

Table 7.             Mexico Scrubber Systems Market Revenue and Forecast to 2028 – By Industry Verticals (US$ Mn)

Table 8.             Glossary of Terms

 


LIST OF FIGURES

Figure 1.           North America Scrubber Systems Market Segmentation

Figure 2.           North America Scrubber Systems Market Segmentation –By Country

Figure 3.           North America Scrubber Systems Market Overview

Figure 4.           North America Scrubber Systems Market, By Technology

Figure 5.           North America Scrubber Systems Market, By Industry Verticals

Figure 6.           North America Scrubber Systems Market, By Country

Figure 7.           North America PEST Analysis

Figure 8.           North America Scrubber Systems Market Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        North America Scrubber Systems Market Impact Analysis of Drivers and Restraints

Figure 11.        North America Scrubber Systems Market, Forecast and Analysis (US$ Mn)

Figure 12.        North America Scrubber Systems Market Breakdown, By Technology, 2020 & 2028 (%)

Figure 13.        North America Wet Technology Scrubber Systems Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 14.        North America Dry Technology Scrubber Systems Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 15.        North America Scrubber Systems Market Breakdown, By Industry Verticals, 2020 & 2028 (%)

Figure 16.        North America Marine Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 17.        North America Oil and Gas Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 18.        North America Petrochemicals and Chemicals Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 19.        North America Food and Agricultural Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 20.        North America Wastewater Treatment Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 21.        North America Pharmaceutical Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 22.        North America Others Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 23.        North America: Scrubber Systems Market Revenue Overview, by Country (2020) (US$ Mn)

Figure 24.        North America Scrubber Systems Market Breakdown, By Country, 2020 & 2028(%)

Figure 25.        US Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)

Figure 26.        Canada Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)

Figure 27.        Mexico Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)

Figure 28.        Impact of COVID-19 Pandemic in North American Country Markets

  1. Alfa Laval
  2. Babcock & Wilcox Enterprises, Inc.
  3. CECO Environmental
  4. DuPont de Nemours, Inc.
  5. FUJI ELECTRIC CO., LTD.
  6. GEA Group AG
  7. Hamon
  8. Verantis Environmental Solutions Group
  9. Wärtsilä Corporation
  10. Yara Marine Technologies
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America scrubber systems market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America scrubber systems market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the scrubber systems market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution  
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