Greenhouse Gas Emission Control Norms to Govern Demand for Marine Emission Control Systems: RRI’s Analysis

Research Report Insights (RRI) delivers key insights on the global marine emission control system market in its published report, titled “Global Marine Emission Control System: Industry Analysis and Opportunity Assessment, 2018–2028”. In terms of revenue, the global marine emission control system market is estimated to expand at a CAGR of more than 15% over the forecast period, owing to numerous factors, about which RRI offers thorough insights and forecasts in this report.

The global market for marine emission control system is further segmented based on technology, application, fuel, sales channel and region. On the basis of technology, global marine emission control system market is segmented as scrubber systems, SCR systems, ESP and others. On the basis of application, global marine emission control system market is segmented as passenger, cargo and other vessels. On the basis of fuel, global marine emission control system market is segmented as MGO, MDO and hybrid type. On the basis of sales channel, the global marine emission control system market is segmented into newbuild and retrofits.

SCR to Observe Modest Growth Prospects

The marine emission control system market has been evaluated across primary regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA. The scrubber type emission control system holds the maximum share in the global marine emission control system market, due to the regulations introduced by IMO for reduction of SOx emissions from marine systems. SCR systems are anticipated to witness a moderate growth over the forecast period in prominent regions such as North America, Latin America, Europe and parts of East Asia. The rise in stringent emission norms set by the government to reduce greenhouse gases is anticipated to boost the demand for marine emission control system over the forecast period.

The report assesses trends, driving the growth for marine emission control system market in each market segment on the global level and offers potential takeaways that prove substantially useful to other potential market entrants in the marine emission control system market.

Market to See Significant Progress in Developing Regions

The North America marine emission control system market, include country-level analysis for the U.S. and Canada. The U.S. accounts for significant market share in the North American marine emission control system market. Cargo segment enjoys dominant share, based on application. The Latin America marine emission control system includes country-level analysis for Brazil, Mexico and Rest of Latin America. Brazil accounts for significant market share in the Latin America marine emission control system market.

The Europe marine emission control system market include country-level analysis for Germany, Italy, France, U.K., Spain, Russia and the rest of Europe. Germany accounts for a significant market share in the Europe marine emission control system market. The East Asia marine emission control system include country-level analysis for China, Japan and South Korea. China accounts for a significant market share in the East Asia marine emission control system market. The South Asia marine emission control system include country-level analysis for India, Thailand, Indonesia and the rest of South Asia. India accounts for a significant market share in the South Asia marine emission control system market.

The Oceania marine emission control system includes country-level analysis for Australia and New Zealand. Australia represents a moderate incremental opportunity over the forecast period. The Middle East and Africa (MEA) marine emission control system, include country-level analysis for South Africa, Turkey, Iran and Rest of MEA. South Africa accounts for a significant market share in the MEA marine emission control system market.

In this report, we have discussed individual strategies followed by these companies, in terms of enhancing their product portfolio, creating new marketing techniques, contracts & agreements, mergers & acquisitions and partnership & collaboration. The ‘competitive landscape’ is included to provide report audiences with a dashboard view and company share collectively. Some of the key players operating in the global market for Marine Emission Control System, include Wärtsilä Oyj Abp, Alfa Laval AB (publ), Yara Marine Technologies As, Clean Marine AS, DuPont, Niigata Power Systems Co., Ltd., Mitsubishi Heavy Industries, Ltd., Fuji Electric, Kwangsung Co., Ltd., Tenneco Inc.