March 25, 2021
According to the business intelligence report titled ‘America Marine Scrubber Systems Market Size By Technology, By Fuel, By Application, Industry Analysis Report, Country Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, America marine scrubber systems market is anticipated to amass substantial returns during 2020-2026.
As per the report findings, increasing maritime trade activities, favorable government initiatives towards reducing marine pollution, and rising investments aimed at introducing low emission solutions are catalyzing America marine scrubber systems market growth. Growing focus on expansion and refurbishment of existing ports is adding substantial traction to the industry expansion.
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Additionally, increasing participation in marine recreational activities, owing to rising disposable income and improved standards of living, is positively swaying America marine scrubber systems market dynamics
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With regards to technology ambit, dry technology segment is predicted to experience considerable expansion during the analysis timeframe. Imposition of stringent regulatory norms concerning marine emissions, along with advantageous attributes of the technology such as low power requirements and minimal waste generation are stimulating segmental share.
Based on fuel type, hybrid segment is expected to emerge as a major growth avenue for America marine scrubber systems industry sphere over 2020-2026. Growing concerns regarding marine pollutions, imposition of stringent compliance standards, and shifting focus towards eco-friendly and efficient systems are fostering the demand for hybrid fuel-based equipment.
Moving on to application spectrum, America marine scrubber systems market share from recreational segment is set to grow significantly over the forecast period, primarily due to increasing consumer participation in leisure activities, favorable government initiatives aimed at expanding sea routes, and rising adoption of marine transportation services.
Elaborating the regional analysis of the report, Canada marine scrubber systems industry size is touted to reflect an upward growth trajectory through 2026, on account of increased shipbuilding as well as commercial trading activities, rapid urbanization, favorable cross border mergers, and escalating foreign direct investments.
Valmet Oyj, Mitsubishi Heavy Industries Ltd., Kwangsung America Corp., DuPont de Nemours Inc., Alfa Laval AB, Clean Marine AS, CR Ocean Engineering LLC (CROE), Yara Marine Technologies AS, Ecospray Technologies S.r.l, SAACKE GmbH, and Wärtsilä Oyj Abp are the leading players influencing America marine scrubber systems market trends.