Press release
Scrubber Market Share, Growth by Business Developments 2021 to 2026
The report is designed to provide a holistic view of the Scrubber Market 2021-2025. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; revenue, demands, and supply data (as applicable). High-level interpretation of Scrubber Market attributes using proprietary tools such as the Penetration Mapping Index, and other successful representational tools such as Porter’s Five Forces Analysis, SWOT, PESTEL, Ansoff’s Matrix, etc. Regional estimates and forecasts & trend analysis for each country and region are also available in the study. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Scrubber Market investments from 2021 till 2025.
The scrubber market is expected to register a CAGR of more than 5.2% over the period of 2020 - 2025.
Get Free Sample PDF Copy of Latest Research on Scrubber Market2021 before the purchase
https://www.marketinsightsreports.com/reports/10192353244/scrubber-market-growth-trends-and-forecasts-2020-2025/inquiry?Mode=A19
The Scrubber Market is highly competitive and is moderately fragmented that consists of significant individual players such as Thermax Ltd, Ducon Technologies Inc., Andritz AG, and DuPont de Nemours Inc.
Key Market Trends:
Cement Industry to Witness the Fastest Growth
- The cement industry is one of the major polluting industries. The major pollutants emitted include particulate matter, SO2, and NO2. To ensure compliance with environmental standards by the cement plant operators, the governments of the respective countries conduct inspections in the plant facilities.
- Cement plants mostly use wet scrubbers to reduce the plant’s SO2 emissions. The scrubber treats gasses leaving the preheater and alkali bypass systems.
- The Indian government directed the cement industries to install 24X7 monitoring devices for better monitoring by the center and state agencies. In the United States, the EPA laid the environmental compliance regulations through National Emission Standards for Hazardous Air Pollutants (NESHAP), which aims to minimize the emissions of asbestos fibers during various activities, including its handling. The induction of such regulatory standards is expected to boost the demand for scrubbers in the cement industry.
- In 2018, global cement consumption reached 5.19 billion metric ton, representing an increase of more than 25% compared to consumption in 2014. Factors such as increasing urbanization and growth in the construction industry across the world are constantly driving the demand for cement, which is resulting in the establishment of more cement plants. This, in turn, is expected to boost the demand for scrubbers, especially the wet scrubbers in the cement industry during the forecast period.
Asia-Pacific to Dominate the Market
- Asia-Pacific dominated the scrubber market in 2018 and is expected to continue its dominance in the coming years as well. Factors, such as rising concerns regarding air pollution and strict emission control regulations in major countries, are driving the market in the region.
- China has a set of prohibitions called the national action plan on air pollution. This imposed a nationwide cap on coal use, divided up among provinces so that Beijing (for instance) had to reduce its coal consumption by 50% between 2013 and 2018. The plan banned new coal-burning capacity and accelerated the use of filters and scrubbers in the country.
- Globally, shipping companies are spending billions to fit ships with scrubbers to reduce sulfur emissions from the exhaust fumes of ships that run on heavy fuel oil. In December 2018, Panama-flagged very large crude carrier (VLCC) Bright Pioneer, emerged as the winner for a daily rate of USD 30,000 - USD 32,000 in a tender launched by Indian Oil Corporation in which the company was planning to hire an oil tanker with scrubbers that remove sulfur emissions. A similar trend has been observed in other major countries, such as Japan.
- Moreover, increasing industrial activities due to the flourishing economic conditions across the region have resulted in an increase in air pollution levels. This, in turn, is expected to boost the demand for scrubbers in the major countries of the region during the forecast period.
Inquire for Discount
https://www.marketinsightsreports.com/reports/10192353244/scrubber-market-growth-trends-and-forecasts-2020-2025/discount?Mode=A19
Regions are covered By Scrubber Market Report 2021 to 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia and, Italy).
Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
The Total Addressable Market (TAM) For estimating the market size two approaches are used: Bottom-up and Top-down approach. In the Bottom-up approach, the consumption of in the various segments is taken into account. The regional, segment-wise, and end-user uptake/consumption is taken into account for this approach. This is then totaled to arrive at the TAM for this approach. In the Top-down approach, the company-wise production in terms of both value and volume is taken into account and totaled for arriving at the TAM. This data is then bifurcated based on the consumption in the various market segments.
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Scrubber Market
-Changing the Scrubber Market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Scrubber Market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Scrubber Market.
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions about Scrubber Market:
– What are the recent developments and government policies?
– What are the top trends in the Scrubber Market?
– What is the growth rate of the market?
– Which Is the Most potential market segment?
– Which are the top industry players in the Scrubber Market?
– Which region would offer high growth for vendors in the market?
The report has 150 tables and figures browse the report description and TOC
https://www.marketinsightsreports.com/reports/10192353244/scrubber-market-growth-trends-and-forecasts-2020-2025?Mode=A19
Customization of the Report: This report can be customized as per your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
CONTACT US:
Irfan Tamboli (Head of Sales) | Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
ABOUT US:
Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc., Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
The scrubber market is expected to register a CAGR of more than 5.2% over the period of 2020 - 2025.
Get Free Sample PDF Copy of Latest Research on Scrubber Market2021 before the purchase
https://www.marketinsightsreports.com/reports/10192353244/scrubber-market-growth-trends-and-forecasts-2020-2025/inquiry?Mode=A19
The Scrubber Market is highly competitive and is moderately fragmented that consists of significant individual players such as Thermax Ltd, Ducon Technologies Inc., Andritz AG, and DuPont de Nemours Inc.
Key Market Trends:
Cement Industry to Witness the Fastest Growth
- The cement industry is one of the major polluting industries. The major pollutants emitted include particulate matter, SO2, and NO2. To ensure compliance with environmental standards by the cement plant operators, the governments of the respective countries conduct inspections in the plant facilities.
- Cement plants mostly use wet scrubbers to reduce the plant’s SO2 emissions. The scrubber treats gasses leaving the preheater and alkali bypass systems.
- The Indian government directed the cement industries to install 24X7 monitoring devices for better monitoring by the center and state agencies. In the United States, the EPA laid the environmental compliance regulations through National Emission Standards for Hazardous Air Pollutants (NESHAP), which aims to minimize the emissions of asbestos fibers during various activities, including its handling. The induction of such regulatory standards is expected to boost the demand for scrubbers in the cement industry.
- In 2018, global cement consumption reached 5.19 billion metric ton, representing an increase of more than 25% compared to consumption in 2014. Factors such as increasing urbanization and growth in the construction industry across the world are constantly driving the demand for cement, which is resulting in the establishment of more cement plants. This, in turn, is expected to boost the demand for scrubbers, especially the wet scrubbers in the cement industry during the forecast period.
Asia-Pacific to Dominate the Market
- Asia-Pacific dominated the scrubber market in 2018 and is expected to continue its dominance in the coming years as well. Factors, such as rising concerns regarding air pollution and strict emission control regulations in major countries, are driving the market in the region.
- China has a set of prohibitions called the national action plan on air pollution. This imposed a nationwide cap on coal use, divided up among provinces so that Beijing (for instance) had to reduce its coal consumption by 50% between 2013 and 2018. The plan banned new coal-burning capacity and accelerated the use of filters and scrubbers in the country.
- Globally, shipping companies are spending billions to fit ships with scrubbers to reduce sulfur emissions from the exhaust fumes of ships that run on heavy fuel oil. In December 2018, Panama-flagged very large crude carrier (VLCC) Bright Pioneer, emerged as the winner for a daily rate of USD 30,000 - USD 32,000 in a tender launched by Indian Oil Corporation in which the company was planning to hire an oil tanker with scrubbers that remove sulfur emissions. A similar trend has been observed in other major countries, such as Japan.
- Moreover, increasing industrial activities due to the flourishing economic conditions across the region have resulted in an increase in air pollution levels. This, in turn, is expected to boost the demand for scrubbers in the major countries of the region during the forecast period.
Inquire for Discount
https://www.marketinsightsreports.com/reports/10192353244/scrubber-market-growth-trends-and-forecasts-2020-2025/discount?Mode=A19
Regions are covered By Scrubber Market Report 2021 to 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia and, Italy).
Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
The Total Addressable Market (TAM) For estimating the market size two approaches are used: Bottom-up and Top-down approach. In the Bottom-up approach, the consumption of in the various segments is taken into account. The regional, segment-wise, and end-user uptake/consumption is taken into account for this approach. This is then totaled to arrive at the TAM for this approach. In the Top-down approach, the company-wise production in terms of both value and volume is taken into account and totaled for arriving at the TAM. This data is then bifurcated based on the consumption in the various market segments.
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Scrubber Market
-Changing the Scrubber Market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Scrubber Market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Scrubber Market.
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions about Scrubber Market:
– What are the recent developments and government policies?
– What are the top trends in the Scrubber Market?
– What is the growth rate of the market?
– Which Is the Most potential market segment?
– Which are the top industry players in the Scrubber Market?
– Which region would offer high growth for vendors in the market?
The report has 150 tables and figures browse the report description and TOC
https://www.marketinsightsreports.com/reports/10192353244/scrubber-market-growth-trends-and-forecasts-2020-2025?Mode=A19
Customization of the Report: This report can be customized as per your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
CONTACT US:
Irfan Tamboli (Head of Sales) | Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
ABOUT US:
Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc., Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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