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.
Strategic insights for the North America Scrubber Systems provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Scrubber Systems refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.North America Scrubber Systems Strategic Insights
North America Scrubber Systems Report Scope
Report Attribute
Details
Market size in 2021
US$ 392.65 Million
Market Size by 2028
US$ 875.41 Million
Global CAGR (2021 - 2028)
12.1%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Technology
By Industry Verticals
Regions and Countries Covered
North America
Market leaders and key company profiles
North America Scrubber Systems Regional Insights
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
North America Scrubber Systems Market Segmentation
North America Scrubber Systems Market - By Technology
North America Scrubber Systems Market -
By Industry Verticals
North America Scrubber Systems Market - By Country
North America Scrubber Systems Market - Company Profiles
The North America Scrubber Systems Market is valued at US$ 392.65 Million in 2021, it is projected to reach US$ 875.41 Million by 2028.
As per our report North America Scrubber Systems Market, the market size is valued at US$ 392.65 Million in 2021, projecting it to reach US$ 875.41 Million by 2028. This translates to a CAGR of approximately 12.1% during the forecast period.
The North America Scrubber Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Scrubber Systems Market report:
The North America Scrubber Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Scrubber Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Scrubber Systems Market value chain can benefit from the information contained in a comprehensive market report.