South America Scrubber Systems Market

Market Introduction

The scrubber system market in South America is further segmented into Brazil, Argentina, and SAM. Rapid industrialization across the region has made it essential to reduce sulfur dioxide emissions into the atmosphere. Sulfur emissions to the atmosphere by sea-going vessels are limited by new and updated international regulations governed by the MARPOL Convention of the International Maritime Organization (IMO). The Convention has set a limit for sulfur in fuel oil used on board ships of 0.50% m/m (mass by mass) for vessels operating outside designated Emission Control Areas. So, the growing stringent environmental regulations to reduce atmospheric emissions are the crucial aspect of the rise in the market revenue of the scrubber system market. Moreover, the increasing demand for scrubber systems from the petrochemical industry is determined to allow limitless possibilities to the SAM scrubber systems market throughout the forecast period. Growing application of SOx removal scrubber technology in maritime industry and rapid industrialization in developing economies are the major factor driving the growth of the SAM scrubber systems market.

In case of COVID-19, SAM is highly affected especially Brazil. The mining and oil & gas sectors has adversely affected by the outbreak of COVID-19 in SAM. In the wake of the COVID-19 crisis, manufacturing & construction, mining, and oil & gas activities have been severely disrupted and subsequently it has also negative impact scrubber systems market in the region. The region is witnessing operational halt in various sectors including manufacturing, marine, and petrochemical industries and these sectors are one of the major end users of the scrubber systems. In SAM region, Argentina and Brazil are the two prime oil and gas producing country that accounts more than 40% of the total SAM region. However, during the COVID-19 pandemic, these countries has witnessed a major decline in its oil & gas related activities due to the collapsed oil and gas prices. This resulted low demand for scrubber systems in the region. However, from late 2020, the economies in the SAM have slowly resumed and subsequently oil & gas companies have started their operations and this development will have positive impact on the scrubber systems market in the coming years. 

South America Scrubber Systems Strategic Insights

Strategic insights for the South 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.

South America Scrubber Systems Report Scope

South America Scrubber Systems Regional Insights

The geographic scope of the South 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.

The SAM scrubber systems market is expected to grow from US$ 42.31 million in 2021 to US$ 100.19 million by 2028; it is estimated to grow at a CAGR of 13.1% from 2021 to 2028. Rising international trades through sea routes and increasing leisure activities are propelling the growth of the scrubber system market. The rise in seaborne business can be attributed to its economical transportation cost and continually rising demand for goods and petroleum products. For instance, as per the United Nations Conference on Trade and Development (UNCTAD), in 2019, 11,076 million tons of goods were transported through seaborne routes. To transport this mass volume of goods, large cargo ships are required. These ships are among the major users of scrubber systems. Furthermore, the rising participation in leisure activities such as cruise vacations and the international voyage is increasing the use of marine ships and subsequently fueling the growth of the scrubber system market. The rise in leisure activities can be attributed to the rising per capita income of consumers. Hence, the growing sulfur emission from ships—owing to flourishing trade—and escalated maritime transportation across the economies are boosting the scrubber system installations. Thus, the thriving international business through seaborne routes is accelerating the demand for retrofit scrubber systems in traditional vessels across SAM region.

Key Market Segments

In terms of technology, the wet technology segment accounted for the largest share of the SAM scrubber systems market in 2020. In terms of industry verticals, the marine segment held a larger market share of the SAM 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 SAM 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; and Wärtsilä Corporation.

Reasons to buy report

• To understand the SAM 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 SAM scrubber systems market
• Efficiently plan M&A and partnership deals in SAM 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 SAM scrubber systems market
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region. 

SAM Scrubber Systems Market Segmentation

SAM Scrubber Systems Market - By Technology

• Wet Technology
• Dry Technology

SAM Scrubber Systems Market -

By Industry Verticals

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

SAM Scrubber Systems Market - By Country

• Brazil
• Argentina       
• Rest of SAM

SAM 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