Published on : Apr 16, 2020
The global ship exhaust gas scrubbers market remains on the verge of promising prospects, as shipping emerges as the most viable option for inter-continental trade in Asia Pacific. The emerging region is witnessing key opportunities for the shipping industry as countries like Korea, Japan, and China continue to drive shipping growth for metals, and consumer goods. The increasing e-commerce, and growth of global platforms like AliBaba also emerge as major drivers for shipping in the Asia Pacific and North America region.
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Changed Naval Regulations to Drive Tremendous Growth in Europe
Recently replaced naval regulations require higher emission standards for all ships entering the European waters. The changing regulations also mandate use of sustainable fuels in ecologically sensitive seawaters. The changed regulations, and effectiveness of exhaust gas scrubbers to remove particulate matters, and growing demand for shipping activities will drive robust growth for the market in the European region. The rising trade across ocean is also expected to emerge as a major opportunity for the ship exhaust gas scrubbers market, as increased advancements, and procurement of new types of fuel systems, and exhausts are making their way into the shipping industry. The changing products, and sophisticated requirements will likely make for more significant opportunities, and provide a gateway for the entry of newer players in the ship exhaust gas scrubbers market.
The Increasing Concern about SO2 Emissions to Drive Growth
It is estimated that the shipping activity around the world contributes to over 30% global sulphur emissions. The sulphur emissions are a major concern for the global community of policy makers, and the shipping industry has been given some time to shift its inner dynamics to make way for more sustainable use of fuels. The overwhelming contributions of sulphur gas in the environment, and use of heavy fuel oil will likely remain major opportunities for growth of the global ship exhaust gas scrubbers market. Additionally, players in the market will be expected to help the shipping industry meet the emissions target, and switch to low-sulphur fuel in the near future.
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The growing shipping activity and major demand for e-commerce, and metals will continue to drive growth of the ship exhaust gas scrubbers market. Additionally, shipping promises a cost-effective mode of transport over alternatives like air transport, among others. Some key players in the global ship exhaust gas scrubbers market are Wärtsilä, Alfa Laval, DuPont, Yara, Saacke, Puyier.