Enjoy complimentary customisation on priority with our Enterprise License!
The scrubber market share is expected to increase by USD 757.7 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.66%.
This scrubber market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers scrubber market segmentation by type (wet scrubber and dry scrubber) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The scrubber market report also offers information on several market vendors, including Alfa Laval Corporate AB, Andritz AG, Babcock and Wilcox Enterprises Inc., CECO ENVIRONMENTAL CORP., Clean Marine AS, Damen Shipyards Group, Ducon, Evoqua Water Technologies LLC, Fuji Electric Co. Ltd., GEA Group AG, Hamon S.A., Hitachi Zosen Corp., KCH Services Inc., Mitsubishi Heavy Industries Ltd., Nederman Holding AB, Thermax Ltd., Tri-Mer Corp., Verantis Environmental Solutions Group, Wartsila Corp., and Yara Marine Technologies among others.
Download the Free Report Sample to Unlock the Scrubber Market Size for the Forecast Period and Other Important Statistics
The growth in tourism and health and retail sectors is notably driving the scrubber market growth, although factors such as the long payback period for scrubbers in the marine end-use industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the scrubber industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Scrubber Market Driver
The growth in tourism and health and retail sectors is one of the key drivers supporting the scrubber market growth. At present, the younger generation spends more on travel and traveling modes such as cars and bikes. In many countries, such as the US, the UK, India, Australia, Germany, and New Zealand, the tourism industry is experiencing a huge inflow of international tourists. These countries have become the preferred destinations for holiday seekers. This drives the demand for hospitality services, which require scrubbers to clean floors, utensils, and other products efficiently. Meanwhile, the healthcare sector is also booming. Healthcare centers are expanding and are installing more sophisticated equipment and devices for medical emergencies. For instance, scrubbing equipment in hospitals makes it easier to maintain cleanliness. With the growth of the e-commerce industry, the retail industry is experiencing dramatic progress. Thus, with the growth of the tourism and healthcare sectors, the need for cleanliness has also increased. Such factors are expected to drive the growth of the global scrubber market during the forecast period.
Key Scrubber Market Trend
Growing demand for eco-friendly scrubbers is another factor supporting the scrubber market growth. Green and sustainable cleaning methodologies are significant trends in the industrial floor cleaner market. These methods reduce the carbon footprint on the environment and are cost-effective as they have led to significant savings of resources such as energy, water, chemicals, and waste. These practices reduce illness and injuries to the workforce in the industrial cleaning market. Certain practices include daylight cleaning, where cleaning activities are performed during the daylight hours instead of the night. This results in cost benefits owing to the low use of energy. By choosing less hazardous cleaning products and solutions, vendors reduce the impact on building occupants and custodial workers. By adopting green and sustainable practices, the chemicals used for industrial cleaning are diluted, thus reducing packaging wastes and disposal costs of any hazardous chemicals. Hence, the demand for eco-friendly scrubbers will boost the demand for scrubbers, globally during the forecast period.
Key Scrubber Market Challenge
The long payback period for scrubbers in the marine end-use industry is one of the factors hindering the scrubber market growth. Marine scrubbers are costly and involve high capital expenditure, as the total installation cost of a marine scrubber, along with the design cost, exceeds the cost of the equipment itself. Currently, due to the low spread between the prices of LSFO and HSFO, the payback period of a marine scrubber is high. However, the payback period has declined by half as the price of HSFO has dropped after the implementation of the 0.5% sulfur emission standard from January 1, 2020. But at present, the long payback period has affected the installation of these devices, which has hampered the growth of the global marine scrubber market. Such factors are expected to negatively impact the global scrubber market during the forecast period.
This scrubber market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global scrubber market as a part of the global industrial machinery market.. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the scrubber market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the scrubber market encompasses successful business strategies deployed by the key vendors. The scrubber market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The scrubber market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the scrubber market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
53% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for scrubber market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The electricity generation in the region is primarily reliant on coal-fired power plants, which will facilitate the scrubber market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic adversely affected several countries in the region. Countries such as India, Japan, China, and Indonesia were affected by the pandemic. However, the initiation of large-scale vaccination drives led to the resumption of construction activities in coal-fired plants in Q4 2020 and H1 2021. Also, several countries in the region are focusing on reducing air pollution, which will contribute to the adoption of scrubber systems. Thus, the regional scrubber market is expected to rise during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The scrubber market share growth by the wet scrubber segment will be significant during the forecast period. Wet scrubbers are sturdy in design and can sustain a wide range of temperatures. They can also remove the most harmful gases and substances that contribute to acid rain and other environmental hazards. The demand for wet scrubbers is increasing due to their high efficiency in removing multiple gases and substrates from industrial exhaust gases. Such increasing demand will drive the segment growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the scrubber market size and actionable market insights on post COVID-19 impact on each segment.
Scrubber Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.66% |
Market growth 2022-2026 |
$ 757.7 million |
Market structure |
Fragmented |
YoY growth (%) |
5.91 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 53% |
Key consumer countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alfa Laval Corporate AB, Andritz AG, Babcock and Wilcox Enterprises Inc., CECO ENVIRONMENTAL CORP., Clean Marine AS, Damen Shipyards Group, Ducon, Evoqua Water Technologies LLC, Fuji Electric Co. Ltd., GEA Group AG, Hamon S.A., Hitachi Zosen Corp., KCH Services Inc., Mitsubishi Heavy Industries Ltd., Nederman Holding AB, Thermax Ltd., Tri-Mer Corp., Verantis Environmental Solutions Group, Wartsila Corp., and Yara Marine Technologies |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.