The Scrubber System Market

According to the latest research report titled "Scrubber Systems Market Forecast to 2028 – COVID-19 Impact and Global Analysis," published by The Insight Partners, the market is expected to grow from US$ 1,316.0 million in 2021 to reach US$ 2,989.2 million by 2028; it is estimated to grow at a CAGR of 12.4% from 2021 to 2028.

The key players profiled in the SCRUBBER SYSTEMS MARKET research study includes: • • • • • • • • • •

Babcock & Wilcox Enterprises, Inc Alfa Laval DuPont de Nemours, Inc. FUJI ELECTRIC CO., LTD. GEA Group AG Wärtsilä Corporation Hamon Yara Marine Technologies Verantis Environmental Solutions Group CECO Environmental

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The rapid industrialization in developing economies is creating a lucrative opportunity for scrubber system manufacturers to augment their market share. The growing industrial activities in developing economies such as China, India, Brazil, and Vietnam result in more plants and factories in various industries. In this rapid industrialization era, the developing economies are witnessing a surge in new production facilities or capacities of the manufacturing industries such as cement, glass, petrochemicals and chemicals, oil & gas, food & beverages, pharmaceuticals, mining & metallurgy, and pulp & paper. For instance, China's National Bureau of Statistics (NBS) has reported a 1.6% year-on-year rise in cement production to 2.377 billion tons for 2020. Also, the country is witnessing constructions of 3,203 cement factory projects, which started in December 2020, with a total investment of US$ 415.6 billion.

The outbreak of COVID-19 in North America, especially in the US and Canada, led to the imposition of lockdown measures, thereby affected many industries' businesses, including oil & gas, marine, and manufacturing. The lockdown resulted in a considerable decline in global oil prices, which further restricted the oil & gas-related projects. Hence, scrubber systems manufacturing companies faced revenue loss and slow growth in 2020.

The scrubber system market has been segmented as follows: Scrubber System Market – by Technology •

Wet Technology

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Dry Technology

Scrubber System Market – by Industry Verticals

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Marine

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Oil and Gas

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Petrochemicals and Chemicals

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Food and Agricultural

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Wastewater Treatment

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Healthcare

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Others

Coverage: The objective of updating “The Insight Partners” coverage is to ensure that it represents the most up-to-date vision of the industry possible. The estimated revenues of all major companies, including private and governmental, are gathered and used to prioritize coverage. Companies which are making the news, or which are of particular interest due to their innovative approach, are prioritized.

Secondary Research: The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information relating to each Market. The secondary research sources that are typically referred to include, but are not limited to: • • • •

Company Websites, Annual Reports, Financial Reports, Broker Reports and Investor Presentations Industry Trade Journals and Other Literature National Government Documents, Statistical Databases and Market Reports News Articles, Press Releases and Web-Casts Specific to the Companies Operating in the Market

NOTE: All the financials considered in Company Profile’s section have been standardized to US$.

This has been achieved after converting the financials (for those not in US$) with respective currency exchange rates of the particular year.

Primary Research: “The Insight Partners” conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfils the following functions: • • •

Provides First-Hand Information on the Market Size, Market Trends, Growth Trends, Competitive Landscape and Future Outlook Validates and Strengthens Secondary Research Findings Further Develops the Analysis Team’s Expertise and Market Understanding

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Primary research involves email interactions and telephone interviews for each market, category, segment and sub -segment across geographies. The participants who typically take part in such a process include, but are not limited to: • •

Industry Participants: VPs, Business Development Managers, Market Intelligence Managers and National Sales Managers Outside Experts: Valuation Experts, Research Analysts and Key Opinion Leaders Specializing in the Industry

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