In 2021, the scrubber system market was valued at approximately US$ 1,316.0 million and is anticipated to grow to US$ 2,989.2 million by 2028, reflecting a compound annual growth rate (CAGR) of 12.4% during the period from 2021 to 2028.
The surge in urbanization within developing economies is significantly driving the demand for scrubber systems. This urban expansion is increasing the requirement for materials from industries such as cement, steel, glass, and ceramics, which are essential for construction projects. These sectors are the primary users of scrubber systems, as they are crucial for managing the emissions of harmful gases and particulates generated during production processes. Nevertheless, the COVID-19 pandemic had a profound negative impact on the market, primarily due to the global economic shutdown and the closure of major manufacturing facilities in the first half of 2020. The rising number of COVID-19 cases led governments to impose various restrictions on both passenger and cargo shipping, further disrupting the demand for scrubber systems. Such circumstances adversely affected the overall operations of companies within the scrubber system market.
The abrupt emergence of COVID-19 resulted in a notable decline in demand for scrubber systems across the industry during the global health crisis. In August 2020, Yara Marine Technologies, a prominent player in the marine scrubber sector, shifted its focus away from the market due to the pandemic and falling oil prices. The company's innovation manager expressed that they had optimistic expectations for scrubber systems in 2020, but the pandemic altered those prospects dramatically. However, starting in the third quarter, the market began to recover as various governments implemented stricter regulations aimed at ensuring cleaner air. Air scrubber systems are essential for eliminating hazardous particles from exhaust emissions, which has helped the market regain its previous momentum.
The scrubber system market is categorized based on technology, industry vertical, and geographical location. In terms of technology, the market is divided into wet and dry technologies. By industry vertical, it encompasses marine, oil and gas, petrochemicals and chemicals, food and agriculture, wastewater treatment, healthcare, and other sectors. Geographically, the global scrubber system market is segmented into North America (including the US, Canada, and Mexico), Europe (covering France, Germany, Italy, the UK, Russia, and the rest of Europe), Asia Pacific (which includes Australia, China, India, Japan, South Korea, and the rest of APAC), the Middle East & Africa (comprising South Africa, Saudi Arabia, the United Arab Emirates, and the rest of MEA), and South America (including Argentina, Brazil, and the rest of SAM). In 2021, Europe held a substantial share of the global market.
Several key players in the global scrubber system market are highlighted in the market analysis, including Baker Hughes Company, Babcock & Wilcox Enterprises, Inc., Alfa Laval, DuPont de Nemours, Inc., FUJI ELECTRIC CO., LTD., GEA Group AG, W?rtsil? Corporation, Hamon, Yara Marine Technologies, Verantis Environmental Solutions Group, and CECO Environmental, among others.
The overall size of the global scrubber system market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This approach also aimed to provide an overview and forecast for the scrubber system market across all segments. Additionally, numerous primary interviews were conducted with industry participants and experts to validate the findings and obtain deeper analytical insights. Participants in this process included industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the scrubber system market.