Scrubber System Market Synopsis
According to Market Research Future (MRFR), the global Scrubber System Market Size is expected to scale up a valuation to USD 1.7 BN by 2023 from USD 1.12 BN in 2017. MRFR further asserts that the scrubber system market would register a CAGR over 12.3% throughout the forecast period (2018-2023). Scrubber system is one of the essential components used in various industries to control pollution by removing harmful chemicals and acids from polluted gas. There are multiple types of scrubber systems that are used in this process, including wet, dry, and electrostatic scrubbers.
With an efficient scrubber system, a facility can complete production and protect the environment, community, and their workers. In addition, the scrubber system can also remove pollutants that can be processed and used as end products themselves.
Other factors defining the landscape of the market include resurged O&G industry, high demand for crude oil, and recent discoveries of oil reservoirs in some regions and rising deepwater production. Additionally, spurting growth in various sectors, including automotive, food & beverages, and chemicals foster the growth of the market.
Global Scrubber System Market Segmentation
The report segments the market into five key dynamics to widen the scope of understanding,
By Type : Wet Scrubber System and Dry Scrubber System
By Orientation : Vertical and Horizontal.
By Application : Onshore and Offshore.
By End-use Industry : Oil & Gas, Automotive, Food & Beverages, and Chemicals.
By Regions : North America, Europe, Asia Pacific, and the Rest-of-the-World.
Major Players:
Players leading the scrubber system market include Nederman Mikropul, Alfa Laval, W
Regional Analysis
Europe dominates the global scrubber system market, holding the largest share. Stringent regulations in the region against the increasing pollution levels are compelling a number of industries to implement scrubber systems in their production. Moreover, increasing uptake of scrubber system in various burgeoning industries such as O&G, F&B, chemicals, and automotive positively impacts the growth in the regional market.
North America is another lucrative market for the scrubber system, globally. Increasing exploration activities in the USA and Canada are growing the market value, creating huge demand for scrubber system. Recent discoveries of large oil and gas reservoirs are fostering the growth of the regional market. Furthermore, the adoption of global policies of maintaining safe ecological standards increases sales in the market.
Middle East is the biggest oil and gas exporter and is further planning to expand their O&G production infrastructure. The region has well-established hydrocarbon reserves, and more investments are made to explore potential new reserves.
The Asia Pacific scrubber system market is emerging as a promising market globally. Due to the rapidly growing industries such as automotive, food & beverages, and chemicals, the region is expected to show substantial growth. The drastic shift towards the increasing eco-awareness and environment protection is substantiating the growth of the regional market. China and South Korea are lucrative markets attracting market titans.
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