Marine scrubber market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation – Technavio

NEW YORK, Jan. 17, 2023 /PRNewswire/ — According to Technavio, the global marine scrubber market size is estimated to grow by USD 12,000.63 million from 2022 to 2027. The market is estimated to grow at a CAGR of 29.32% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 41% of the market’s growth during the forecast period. 

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Global marine scrubber market – Five forces

The global marine scrubber market is fragmented, and the five forces analysis covers– 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For interpretation of Porter’s five forces model – buy the report!

Global marine scrubber market – Customer landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global marine scrubber market – Segmentation assessment

Segment overview

Technavio has segmented the market based on product (hybrid, open loop, and others) and application (commercial, navy, recreational, and offshore). 

• The hybrid segment will grow at a significant rate during the forecast period. Hybrid marine scrubbers are a combination of open-loop and closed-loop marine scrubbers. Depending on the alkalinity of the water, these scrubbers can operate in both modes. The use of hybrid marine scrubbers enables ships to operate in an open-loop mode in waters with high levels of alkalinity and in a closed-loop mode in areas with low alkalinity. Hybrid marine scrubbers are suitable for ships that regularly operate in both ECA and non-ECA regions, which results in significant cost savings for shipping companies. These factors will drive the growth of the segment during the forecast period.

Geography overview

Based on geography, the global marine scrubber market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global marine scrubber market.

• APAC is estimated to account for 41% of the growth of the global market during the forecast period. The growth of the market in the region is attributed to factors such as the implementation of regulations by MARPOL, the growth in fleet ownership, and the increase in trade activities. Asia is one of the fastest-growing regions for the maritime and offshore oil and gas industries. New multilateral initiatives such as the Trans-Pacific Partnership (TPP) and the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) are expected to increase intra-regional and international trade further. Moreover, some of the world’s busiest, such as the Port of Shanghai, are located in APAC. These ports are major hubs for international trade, resulting in a high level of ship-related activities. Therefore, the marine scrubber market in APAC is expected to grow during the forecast period.

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Global marine scrubber market – Market dynamics

Key factor driving market growth

• The growth in global seaborne trade is driving the market growth.
• Maritime transport accounts for more than three-quarters of global trade.
• The growth of the global economy and the rise in trade between countries has impacted the overall demand for maritime transport and maritime transport services.
• In the last decade, developing countries dominated global import and export, which has led to demand for maritime transport services.
• The ships participating in global maritime traffic must navigate through various open seas and territorial waters and meet different emission standards, which requires the installation of marine scrubbers.
• These factors will fuel the growth of the global market during the forecast period.

Leading trends influencing the market 

• The growing demand for end-to-end services is a key trend in the market.
• End-users prefer complete solutions that are economical. They prefer suppliers that offer complete solutions of products and services and can guarantee a certain number of years of maintenance.
• Therefore, many providers in the market have started to offer comprehensive solutions that increase customer satisfaction.
• Such solutions will support market growth during the forecast period.

Major challenges hindering market growth

• The long payback period is challenging the market growth.
• The payback period refers to the length of time required for an investment to cover its initial cost through payback or savings.
• Marine scrubbers are expensive and involve high capital costs.
• The total cost of installing a scrubber, including design costs, exceeds the cost of the equipment.
• Moreover, due to the low price difference between LSFO and HSFO, the payback period for marine scrubbers is high.
• These factors will hamper the growth of the global market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this marine scrubber market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the marine scrubber market between 2023 and 2027
• Precise estimation of the size of the marine scrubber market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the marine scrubber market across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of marine scrubber market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global marine scrubber market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global marine scrubber market 2017 – 2021 ($ million)

• 4.2 Product Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ million)

• 4.3 Application Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product – Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Hybrid – Market size and forecast 2022-2027
• Exhibit 34: Chart on Hybrid – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Hybrid – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Hybrid – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Hybrid – Year-over-year growth 2022-2027 (%)

• 6.4 Open loop – Market size and forecast 2022-2027
• Exhibit 38: Chart on Open loop – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Open loop – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Open loop – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Open loop – Year-over-year growth 2022-2027 (%)

• 6.5 Others – Market size and forecast 2022-2027
• Exhibit 42: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 47: Chart on Application – Market share 2022-2027 (%)
• Exhibit 48: Data Table on Application – Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 49: Chart on Comparison by Application
• Exhibit 50: Data Table on Comparison by Application

• 7.3 Commercial – Market size and forecast 2022-2027
• Exhibit 51: Chart on Commercial – Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Commercial – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Commercial – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Commercial – Year-over-year growth 2022-2027 (%)

• 7.4 Navy – Market size and forecast 2022-2027
• Exhibit 55: Chart on Navy – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Navy – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Navy – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Navy – Year-over-year growth 2022-2027 (%)

• 7.5 Recreational – Market size and forecast 2022-2027
• Exhibit 59: Chart on Recreational – Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Recreational – Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Recreational – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Recreational – Year-over-year growth 2022-2027 (%)

• 7.6 Offshore – Market size and forecast 2022-2027
• Exhibit 63: Chart on Offshore – Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Offshore – Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Offshore – Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Offshore – Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Application 
• Exhibit 67: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 North America – Market size and forecast 2022-2027
• Exhibit 81: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 China – Market size and forecast 2022-2027 
• Exhibit 93: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.9 UK – Market size and forecast 2022-2027
• Exhibit 97: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.10 South Korea – Market size and forecast 2022-2027
• Exhibit 101: Chart on South Korea – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on South Korea – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on South Korea – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on South Korea – Year-over-year growth 2022-2027 (%)

• 9.11 Japan – Market size and forecast 2022-2027
• Exhibit 105: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.12 Norway – Market size and forecast 2022-2027
• Exhibit 109: Chart on Norway – Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on Norway – Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on Norway – Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on Norway – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Alfa Laval Corporate AB 
• Exhibit 120: Alfa Laval Corporate AB – Overview
• Exhibit 121: Alfa Laval Corporate AB – Business segments
• Exhibit 122: Alfa Laval Corporate AB – Key news
• Exhibit 123: Alfa Laval Corporate AB – Key offerings
• Exhibit 124: Alfa Laval Corporate AB – Segment focus

• 12.4 Andritz AG 
• Exhibit 125: Andritz AG – Overview
• Exhibit 126: Andritz AG – Business segments
• Exhibit 127: Andritz AG – Key offerings
• Exhibit 128: Andritz AG – Segment focus

• 12.5 Clean Marine AS 
• Exhibit 129: Clean Marine AS – Overview
• Exhibit 130: Clean Marine AS – Product / Service
• Exhibit 131: Clean Marine AS – Key news
• Exhibit 132: Clean Marine AS – Key offerings

• 12.6 CR Ocean Engineering LLC 
• Exhibit 133: CR Ocean Engineering LLC – Overview
• Exhibit 134: CR Ocean Engineering LLC – Product / Service
• Exhibit 135: CR Ocean Engineering LLC – Key news
• Exhibit 136: CR Ocean Engineering LLC – Key offerings

• 12.7 Damen Shipyards Group 
• Exhibit 137: Damen Shipyards Group – Overview
• Exhibit 138: Damen Shipyards Group – Product / Service
• Exhibit 139: Damen Shipyards Group – Key news
• Exhibit 140: Damen Shipyards Group – Key offerings

• 12.8 DuPont de Nemours Inc. 
• Exhibit 141: DuPont de Nemours Inc. – Overview
• Exhibit 142: DuPont de Nemours Inc. – Business segments
• Exhibit 143: DuPont de Nemours Inc. – Key news
• Exhibit 144: DuPont de Nemours Inc. – Key offerings
• Exhibit 145: DuPont de Nemours Inc. – Segment focus

• 12.9 Ecospray Technologies Srl 
• Exhibit 146: Ecospray Technologies Srl – Overview
• Exhibit 147: Ecospray Technologies Srl – Product / Service
• Exhibit 148: Ecospray Technologies Srl – Key offerings

• 12.10 Feen Marine 
• Exhibit 149: Feen Marine – Overview
• Exhibit 150: Feen Marine – Product / Service
• Exhibit 151: Feen Marine – Key offerings

• 12.11 Fuji Electric Co. Ltd. 
• Exhibit 152: Fuji Electric Co. Ltd. – Overview
• Exhibit 153: Fuji Electric Co. Ltd. – Business segments
• Exhibit 154: Fuji Electric Co. Ltd. – Key offerings
• Exhibit 155: Fuji Electric Co. Ltd. – Segment focus

• 12.12 Kwangsung Co. Ltd 
• Exhibit 156: Kwangsung Co. Ltd – Overview
• Exhibit 157: Kwangsung Co. Ltd – Product / Service
• Exhibit 158: Kwangsung Co. Ltd – Key offerings

• 12.13 Langh Ship Oy Ab 
• Exhibit 159: Langh Ship Oy Ab – Overview
• Exhibit 160: Langh Ship Oy Ab – Product / Service
• Exhibit 161: Langh Ship Oy Ab – Key offerings

• 12.14 LiqTech International Inc. 
• Exhibit 162: LiqTech International Inc. – Overview
• Exhibit 163: LiqTech International Inc. – Product / Service
• Exhibit 164: LiqTech International Inc. – Key offerings

• 12.15 Mitsubishi Heavy Industries Ltd. 
• Exhibit 165: Mitsubishi Heavy Industries Ltd. – Overview
• Exhibit 166: Mitsubishi Heavy Industries Ltd. – Business segments
• Exhibit 167: Mitsubishi Heavy Industries Ltd. – Key news
• Exhibit 168: Mitsubishi Heavy Industries Ltd. – Key offerings
• Exhibit 169: Mitsubishi Heavy Industries Ltd. – Segment focus

• 12.16 Valmet Corp. 
• Exhibit 170: Valmet Corp. – Overview
• Exhibit 171: Valmet Corp. – Business segments
• Exhibit 172: Valmet Corp. – Key offerings
• Exhibit 173: Valmet Corp. – Segment focus

• 12.17 Yara International ASA. 
• Exhibit 174: Yara International ASA. – Overview
• Exhibit 175: Yara International ASA. – Business segments
• Exhibit 176: Yara International ASA. – Key news
• Exhibit 177: Yara International ASA. – Key offerings
• Exhibit 178: Yara International ASA. – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 179: Inclusions checklist
• Exhibit 180: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 181: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 182: Research methodology
• Exhibit 183: Validation techniques employed for market sizing
• Exhibit 184: Information sources

• 13.5 List of abbreviations 
• Exhibit 185: List of abbreviations

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