South 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)
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.
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Market Overview and Dynamics
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
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 SAM Scrubber Systems Market – By Technology
1.3.2 SAM Scrubber Systems Market – By Industry Verticals
1.3.3 SAM Scrubber Systems Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Scrubber Systems Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Scrubber System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Stringent Regulations by Various Governments to Curb Air Pollution
5.1.2 Increase in Seaborne Trades and Leisure Activities
5.2 Market Restraints
5.2.1 Shutdown of Coal-Fired Power Plants
5.3 Market Opportunities
5.3.1 Rapid Industrialization in Developing Economies
5.4 Future Trends
5.4.1 Growing Application of SOx Removal Scrubber Technology in Maritime Industry
5.5 Impact Analysis of Drivers and Restraints
6. Scrubber Systems Market – SAM Analysis
6.1 SAM Scrubber Systems Market Overview
6.2 SAM Scrubber Systems Market Forecast and Analysis
7. SAM Scrubber Systems Market Analysis – By Technology
7.1 Overview
7.2 SAM 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. SAM Scrubber Systems Market Analysis – By Industry Verticals
8.1 Overview
8.2 SAM 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. SAM Scrubber Systems Market – Country Analysis
9.1 Overview
9.1.1 SAM Scrubber Systems Market Breakdown, By Country
9.1.1.1 Brazil Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
9.1.1.1.1 Brazil Scrubber Systems Market Breakdown, By Technology
9.1.1.1.2 Brazil Scrubber Systems Market Breakdown, By Industry Verticals
9.1.1.2 Argentina Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
9.1.1.2.1 Argentina Scrubber Systems Market Breakdown, By Technology
9.1.1.2.2 Argentina Scrubber Systems Market Breakdown, By Industry Verticals
9.1.1.3 Rest of SAM Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
9.1.1.3.1 Rest of SAM Scrubber Systems Market Breakdown, By Technology
9.1.1.3.2 Rest of SAM Scrubber Systems Market Breakdown, By Industry Verticals
10. Impact of COVID-19 Pandemic on SAM Scrubber Systems Market
10.1 SAM: 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 Verantis Environmental Solutions Group
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 CECO Environmental
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
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. SAM Scrubber Systems Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. Brazil Scrubber Systems Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 3. Brazil Scrubber Systems Market Revenue and Forecast to 2028 – By Industry Verticals (US$ Mn)
Table 4. Argentina Scrubber Systems Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 5. Argentina Scrubber Systems Market Revenue and Forecast to 2028 – By Industry Verticals (US$ Mn)
Table 6. Rest of SAM Scrubber Systems Market Revenue and Forecast to 2028 – By Technology (US$ Mn)
Table 7. Rest of SAM Scrubber Systems Market Revenue and Forecast to 2028 – By Industry Verticals (US$ Mn)
Table 8. Glossary of Terms
LIST OF FIGURES
Figure 1. SAM Scrubber Systems Market Segmentation
Figure 2. SAM Scrubber Systems Market Segmentation –By Country
Figure 3. SAM Scrubber Systems Market Overview
Figure 4. SAM Scrubber Systems Market, By Technology
Figure 5. SAM Scrubber Systems Market, By Industry Verticals
Figure 6. SAM Scrubber Systems Market, By Country
Figure 7. SAM PEST Analysis
Figure 8. SAM Scrubber Systems Market Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. SAM Scrubber Systems Market Impact Analysis of Drivers and Restraints
Figure 11. SAM Scrubber Systems Market, Forecast and Analysis (US$ Mn)
Figure 12. SAM Scrubber Systems Market Breakdown, By Technology, 2020 & 2028 (%)
Figure 13. SAM Wet Technology Scrubber Systems Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. SAM Dry technology Scrubber Systems Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. SAM Scrubber Systems Market Breakdown, By Industry Verticals, 2020 & 2028 (%)
Figure 16. SAM Marine Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. SAM Oil and Gas Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. SAM Petrochemicals and Chemicals Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. SAM Food and Agricultural Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. SAM Wastewater Treatment Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. SAM Pharmaceutical Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. SAM Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. SAM: Scrubber Systems Market Revenue Overview, by Country (2020) (US$ Mn)
Figure 24. SAM Scrubber Systems Market Breakdown, By Country, 2020 & 2028(%)
Figure 25. Brazil Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
Figure 26. Argentina Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
Figure 27. Rest of SAM Scrubber Systems Market Revenue and Forecast to 2028 (US$ Mn)
Figure 28. Impact of COVID-19 Pandemic in SAM 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
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM 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 SAM 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 SAM 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