Marine Scrubber Market by Type (Open Loop Scrubbers, Closed Loop Scrubbers, Hybrid Scrubbers), Application (Retrofit, New Ships), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: Feb, 2020
  • Report ID: 411551
  • Category: Automotive
  • Pages: 179
$4,700

The global marine scrubber market is expected to grow from USD 1.02 billion in 2019 to USD 9.00 billion by 2027, at a CAGR of 29.50% during the forecast period from 2020-2027. Increasing sulfur emission from ships along with rising concern toward pollution by ships are some of the key factors propelling the growth of the marine scrubber market.

In addition to this, rising concerns pertaining to environmental sustainability, adverse effects of SO2 emissions on human health and increasing R&D initiatives toward green shipping, boosting the growth of the market over the forecast period. Furthermore, rising stringent government regulation for the sulpher content, driving the demand for marine scrubbers. Thus, to meet the existing as well as impending fuel sulphur content regulations of the International Maritime Organization (IMO), many companies are installing marine scrubbers. However, the high cost of marine scrubbers could hamper the market growth over the forecast period.

The market has been segmented on the basis of type, application, and region. The type segment includes open-loop scrubbers, closed-loop scrubbers, and hybrid scrubbers. The hybrid scrubber segment held the largest market share of 46.55% and valued at USD 472.3 million in 2019. Hybrid scrubber systems are generally a combination of both the open-loop and closed-loop systems – offering owners and operators the flexibility of operating on one of the two modes, dependent on the alkalinity of the local water.

The application segment includes Retrofit and new ships. The retrofit segment held the largest market share of 65.21% in 2019. Many companies have a long track record of delivering scrubber-system retrofits for leading shipping operators around the world. Companies support throughout the lifecycle of the project by providing world-class engineering capabilities, minimizing risk, and keeping downtime and project management costs to a minimum.

The market has been divided into North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Europe held the largest market share of 43.53% in 2019. Rising awareness toward SOx and its impact on health coupled with strict norms to curb pollution will propel the business landscape.

Key players in the marine scrubber market are Wartsila, Alfa Laval, Yara Marine Technologies, Belco Technologies, CR Ocean Engineering, AEC Maritime, Fuji Electric, Clean Marine and Puyier among others. Developing and developed countries are offering greater opportunities and major players are continuously focused on new developments, strategic partnerships, acquisitions, and venture capital investments to obtain high growth in the market. In January 2020, Wärtsilä announced that its exhaust gas cleaning (EGC) system has been type-approved in China by the China Classification Society (CCS) to install it into any CCS ships without the need of emission testing.

This study forecasts revenue growth at global, regional, and country levels from 2013 to 2027. Fior Markets has segmented on the basis of below-mentioned segments:

  • Global Marine Scrubber Market Analysis And Forecast, By Type
    • Open Loop Scrubbers
    • Closed Loop Scrubbers
    • Hybrid Scrubbers
  • Global Marine Scrubber Market Analysis And Forecast, By Application
    • Retrofit
    • New Ships
  • Global Marine Scrubber Market Analysis And Forecast, By Regional Analysis
    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Sweden
      • Netherland
      • The U.K.
      • Italy
      • Spain
      • Turkey
      • Switzerland
      • Belgium
      • Rest Of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Thailand
      • Indonesia
      • Philippines
      • Rest Of APAC
    • South America
      • Brazil
      • Argentina
      • Peru
      • Colombia
      • Rest Of South America
    • The Middle East And Africa
      •  UAE
      •  Saudi Arabia
      •  Egypt
      •  Nigeria
      •  South Africa
      • Rest Of MEA

Chapter 1 Introduction 16
    1.1 Research Methodology 16
    1.2 FMR Desk Research 17
          1.2.1 FMR Data Synthesis 18
          1.2.2 Data Validation And Market Feedback 18
          1.2.3 FMR Data Sources 19
 

Chapter 2 Global Marine Scrubber Market Overview 21
    2.1 Marine Scrubber Product Overview 21
    2.2 Marine Scrubber Segment by Types 26
          2.2.1 Open Loop Scrubbers 26
          2.2.2 Closed Loop Scrubbers 28
          2.2.3 Hybrid Scrubbers 30
    2.3 Global Marine Scrubber Product Segment by Type 32
          2.3.1 Global Marine Scrubber Sales and Growth by Types 32
          2.3.2 Global Marine Scrubber Sales and Market Share by Types (2013-2018) 33
          2.3.3 Global Marine Scrubber Revenue and Market Share by Types (2013-2018) 36
          2.3.4 Global Marine Scrubber Price by Type (2013-2018) 39
    2.4 United States Marine Scrubber Product Segment by Type 40
          2.4.1 United States Marine Scrubber Sales and Growth by Types 40
          2.4.2 United States Marine Scrubber Sales and Market Share by Types (2013-2018) 41
          2.4.3 United States Marine Scrubber Revenue and Market Share by Types (2013-2018) 45
          2.4.4 United States Marine Scrubber Price by Type (2013-2018) 48
 

Chapter 3 Marine Scrubber Application/End Users 49
    3.1 Marine Scrubber Segment by Application/End Users 49
          3.1.1 Retrofit 49
          3.1.2 New Ships 50
    3.2 Global Marine Scrubber Product Segment by Application 51
          3.2.1 Global Marine Scrubber Sales by Applications 51
          3.2.2 Global Marine Scrubber Sales and Market Share by Applications 51
    3.3 United States Marine Scrubber Product Segment by Application 54
          3.3.1 United States Marine Scrubber Sales by Applications 54
          3.3.2 United States Marine Scrubber Sales and Market Share by Applications 54
 

Chapter 4 Marine Scrubber Market Status and Outlook by Regions 57
    4.1 Global Market Status and Outlook by Regions 57
          4.1.1 Global Marine Scrubber Market Size and CAGR by Regions 57
          4.1.2 North America 58
          4.1.3 Europe Marine 59
          4.1.4 Asia-Pacific 60
          4.1.5 South America 61
          4.1.6 Middle East and Africa 62
          4.1.7 United States 63
    4.2 Global Marine Scrubber Sales and Revenue by Regions 64
          4.2.1 Global Marine Scrubber Sales and Market Share by Regions (2013-2018) 64
          4.2.2 Global Marine Scrubber Revenue and Market Share by Regions (2013-2018) 69
          4.2.3 Global Marine Scrubber Sales, Revenue, Price and Gross Margin (2013-2018) 73
          4.2.4 North America Marine Scrubber Sales, Revenue, Price and Gross Margin (2013-2018) 73
          4.2.5 Europe Marine Scrubber Sales, Revenue, Price and Gross Margin (2013-2018) 74
          4.2.6 Asia-Pacific Marine Scrubber Sales, Revenue, Price and Gross Margin (2013-2018) 74
          4.2.7 South America Marine Scrubber Sales, Revenue, Price and Gross Margin (2013-2018) 75
          4.2.8 Middle East and Africa Marine Scrubber Sales, Revenue, Price and Gross Margin (2013-2018) 75
          4.2.9 United Sates Marine Scrubber Sales, Revenue, Price and Gross Margin (2013-2018) 76
 

Chapter 5 Global Marine Scrubber Market Competition by Company 77
    5.1 Global Marine Scrubber Sales and Market Share by Company (2013-2018) 77
    5.2 Global Marine Scrubber Revenue and Share by Players (2013-2018) 79
    5.3 Global Marine Scrubber Average Price by Players (2013-2018) 83
    5.4 Global Top Players Marine Scrubber Manufacturing Base Distribution, Sales Area, Product Types 84
    5.5 Marine Scrubber Market Competitive Situation and Trends 85
          5.5.1 Drivers 85
                   5.5.1.1 Implementing MARPOL regulations 85
                   5.5.1.2 Growing popularity of LNG fuel 85
          5.5.2 Global Marine Scrubber Market Share of Top 5 86
          5.5.3 Mergers & Acquisitions, Expansion 87
 

Chapter 6 United States Marine Scrubber Market Competition by Company 88
    6.1 United States Marine Scrubber Sales Market Share by Players (2016-2018) 88
    6.2 United States Marine Scrubber Revenue Share by Players (2016-2018) 91
    6.3 United States Marine Scrubber Average Price by Players (2013-2018) 94
    6.4 United States Marine Scrubber Market Share of Top 5 Players 95
 

Chapter 7 Marine Scrubber Company Profiles and Sales Data 96
    7.1 Wärtsilä 96
          7.1.1 Company Profile 96
          7.1.2 Representative Marine Scrubber Industry Product 98
          7.1.3 Marine Scrubber Industry Sales, Revenue, Price and Gross Margin of Wärtsilä 99
          7.1.4 Business Overview 101
    7.2 Alfa Laval 102
          7.2.1 Company Profile 102
          7.2.2 Representative Marine Scrubber Industry Product 103
          7.2.3 Marine Scrubber Industry Sales, Revenue, Price and Gross Margin of Alfa Laval 104
          7.2.4 Business Overview 107
    7.3 Yara Marine Technologies 108
          7.3.1 Company Profile 108
          7.3.2 Representative Marine Scrubber Industry Product 109
          7.3.3 Marine Scrubber Industry Sales, Revenue, Price and Gross Margin of Belco Industries Inc 109
          7.3.4 Business Overview 112
    7.4 Belco Industries Inc (operates as a subsidiary of Dowdupont Inc.) 113
          7.4.1 Company Profile 113
          7.4.2 Representative Marine Scrubber Industry Product 114
          7.4.3 Marine Scrubber Industry Sales, Revenue, Price and Gross Margin of Belco Industries Inc 115
          7.4.4 Business Overview 118
    7.5 Ocean Engineering Corporation 119
          7.5.1 Company Profile 119
          7.5.2 Representative Marine Scrubber Industry Product 120
          7.5.3 Business Overview 121
    7.6 VDL AEC Maritime 122
          7.6.1 Company Profile 122
          7.6.2 Representative Marine Scrubber Industry Product 123
          7.6.3 Business Overview 124
    7.7 Fuji Electric Co., Ltd. 125
          7.7.1 Company Profile 125
          7.7.2 Representative Marine Scrubber Industry Product 126
          7.7.3 Marine Scrubber Industry Sales, Revenue, Price and Gross Margin of Fuji Electric Co., Ltd. 127
          7.7.4 Business Overview 130
    7.8 Clean Marine AS 131
          7.8.1 Company Profile 131
          7.8.2 Representative Marine Scrubber Industry Product 132
          7.8.3 Business Overview 133
    7.9 Puyier 134
          7.9.1 Company Profile 134
          7.9.2 Representative Marine Scrubber Industry Product 135
          7.9.3 Business Overview 135
    7.10 Shanghai Cyeco Environmental Technology Co., Ltd 136
          7.10.1 Company Profile 136
          7.10.2 Representative Marine Scrubber Industry Product 137
          7.10.3 Business Overview 138
 

Chapter 8 Marine Scrubber Manufacturing Cost, Industrial Chain and Downstream Buyers 139
    8.1 Marine Scrubber Key Raw Materials Analysis 139
          8.1.1 Key Raw Materials 139
          8.1.2 Price Trend of Key Raw Materials 140
          8.1.3 Key Suppliers of Raw Materials 144
          8.1.4 Market Concentration Rate of Raw Materials 145
    8.2 Proportion of Manufacturing Cost Structure 146
          8.2.1 Raw Materials 147
          8.2.2 Labor Cost Analysis 147
                   8.2.2.1 USA Labor Cost Analysis 148
    8.1 Manufacturing Process Analysis 152
    8.2 Marine Scrubber Industrial Chain Analysis 153
    8.3 Downstream Buyers 154
 

Chapter 9 Marketing Strategy Analysis, Distributors/Traders 155
    9.1 Marketing Channel 155
          9.1.1 Direct Marketing 157
          9.1.2 Indirect Marketing 158
    9.2 Market Positioning 160
          9.2.1 Marketing Channel Future Trend 160
          9.2.2 Pricing Strategy 161
          9.2.3 Brand Strategy 164
    9.3 Distributors/Traders List 166
    9.4 Market Effect Factor 167
          9.4.1 Economic/Political Environmental Change 167
          9.4.2 Global Economy Analysis 168
 

Chapter 10 Global Marine Scrubber Market Forecast 169
    10.1 Global Marine Scrubber Sales, Sales, Revenue Forecast (2018-2027) 169
          10.1.1 Global Marine Scrubber Sales, Sales, Revenue Forecast (2018-2027) 169
          10.1.2 Global Marine Scrubber Revenue and Growth Rate Forecast (2018-2027) 170
    10.2 United States Marine Scrubber Market Forecast 171
          10.2.1 United States Marine Scrubber Sales and Growth Rate Forecast (2018-2027) 171
          10.2.2 United States Marine Scrubber Revenue and Growth Rate Forecast (2018-2027) 172
    10.3 Global Marine Scrubber Forecast by Regions 173
          10.3.1 North America Marine Scrubber Sales, Revenue Forecast (2018-2027) 175
          10.3.2 Europe Marine Scrubber Sales, Revenue Forecast (2018-2027) 177
          10.3.3 Asia-Pacific Marine Scrubber Sales, Revenue Forecast (2018-2027) 179
          10.3.4 South America Marine Scrubber Sales, Revenue Forecast (2018-2027) 181
          10.3.5 Middle East and Africa Marine Scrubber Sales, Revenue Forecast (2018-2027) 183
    10.4 Marine Scrubber Forecast by Type 185
          10.4.1 Global Marine Scrubber Sales, Revenue and Price Forecast by Type (2018-2027) 185
          10.4.2 United States Marine Scrubber Sales, Revenue and Price Forecast by Type (2018-2027) 189
    10.5 Marine Scrubber Forecast by Application 193
          10.5.1 Global Marine Scrubber Sales Forecast by Application (2018-2027) 193
          10.5.2 United States Marine Scrubber Sales Forecast by Application (2018-2027) 195
 

Chapter 11 Research Findings and Conclusion 197


List of Figures 

FIG. 1 Product Picture of Global Marine Scrubber 23

FIG. 2 Global Marine Scrubber Revenue (Million USD) Status and Outlook (2013-2027) 24

FIG. 3 United States Marine Scrubber Revenue (Million USD) Status and Outlook (2013-2027) 25

FIG. 4 Global Open Loop Scrubbers Sales (Units) and Growth Rate (2013-2018) 27

FIG. 5 Global Closed Loop Scrubbers Sales (Units) and Growth Rate (2013-2018) 29

FIG. 6 Global Hybrid Scrubbers Sales (Units) and Growth Rate (2013-2018) 31

FIG. 7 Global Sales Marine Scrubber Market Share by Types (2013-2018) 33

FIG. 8 Global Sales Marine Scrubber Market Share by Types in 2017 34

FIG. 9 Global Marine Scrubber Revenue Share by Types (2013-2018) 36

FIG. 10 Global Marine Scrubber Revenue Market Share by Types 2017 36

FIG. 11 United States Sales Marine Scrubber Market Share by Types (2013-2018) 39

FIG. 12 United States Sales Marine Scrubber Market Share by Types in 2017 40

FIG. 13 United States Marine Scrubber Revenue Share by Types (2013-2018) 42

FIG. 14 United States Marine Scrubber Revenue Market Share by Types in 2017 43

FIG. 15 Global Sales Marine Scrubber Sale Market Share by Applications (2013-2018) 48

FIG. 16 Global Sales Marine Scrubber Sale Market Share by Applications in 2017 49

FIG. 17 United States Sales Marine Scrubber Sale Market Share by Applications (2013-2018) 51

FIG. 18 United States Sales Marine Scrubber Sale Market Share by Applications in 2017 52

FIG. 19 North America Marine Scrubber Revenue (Million USD) and Growth Rate (2013-2027) 54

FIG. 20 Europe Marine Scrubber Revenue (Million USD) and Growth Rate (2013-2027) 55

FIG. 21 Asia-Pacific Marine Scrubber Revenue (Million USD) and Growth Rate (2013-2027) 56

FIG. 22 South America Marine Scrubber Revenue (Million USD) and Growth Rate (2013-2027) 57

FIG. 23 Middle East and Africa Marine Scrubber Revenue (Million USD) and Growth Rate (2013-2027) 58

FIG. 24 Middle East and Africa Marine Scrubber Revenue (Million USD) and Growth Rate (2013-2027) 59

FIG. 25 Global Marine Scrubber Sales Market Share by Regions (2013-2018 62

FIG. 26 2017 Global Marine Scrubber Sales Market Share by Regions 63

FIG. 27 2017 United States Marine Scrubber Sales Market Share in Global Market 64

FIG. 28 Global Marine Scrubber Revenue Market Share by Regions (2013-2018) 67

FIG. 29 2017 Global Marine Scrubber Revenue Market Share by Regions 68

FIG. 30 2017 Global Marine Scrubber Sales Share by Players 74

FIG. 31 2017 Global Marine Scrubber Revenue Share by Players 77

FIG. 32 Global Marine Scrubber Market Share of Top 5 Players 81

FIG. 33 United States Marine Scrubber Sales Share by Players 85

FIG. 34 United States Marine Scrubber Revenue Share by Players 88

FIG. 35 United States Marine Scrubber Market Share of Top 3 Players 90

FIG. 36 Wärtsilä Marine Scrubber Sales Growth Rate (%) 2016-2018 94

FIG. 37 Wärtsilä Marine Scrubber Market Share (%) 2016-2018 95

FIG. 38 Alfa Laval Scrubber Sales Growth Rate (%) 2016-2018 100

FIG. 39 Alfa Laval Scrubber Market Share (%) 2016-2018 101

FIG. 40 Yara Marine Technologies Scrubber Sales Growth Rate (%) 2016-2018 105

FIG. 41 Yara Marine Technologies Scrubber Market Share (%) 2016-2018 106

FIG. 42 Belco Industries Inc Scrubber Sales Growth Rate (%) 2016-2018 111

FIG. 43 Belco Industries Inc Scrubber Market Share (%) 2016-2018 112

FIG. 44 Fuji Electric Co., Ltd Scrubber Sales Growth Rate (%) 2016-2018 123

FIG. 45 Fuji Electric Co., Ltd Scrubber Market Share (%) 2016-2018 124

FIG. 1 Price Trend of Aluminum 135

FIG. 2 2017 Steel Price Forecast 136

FIG. 3 2017 Iron Ore Price Forecast 137

FIG. 4 2017 Titanium Price Forecast 138

FIG. 5 Manufacturing Cost Structure 141

FIG. 6 USA Overview of Average Hourly Wages 2015-2016 (USD/Hour) 143

FIG. 7 Asia-Pacific  CPI  (2017-2018) 145

FIG. 8 Europe CPI (2014-2018) 146

FIG. 9 Manufacturing Process 147

FIG. 10 Industrial Chain, Sourcing Strategy and Downstream Buyers Chain Analysis 148

FIG. 11 Marketing Channels 150

FIG. 12 Direct Marketing 153

FIG. 13 Indirect Marketing 154

FIG. 14 Marketing Channel 156

FIG. 15 Pricing Strategy 158

FIG. 16 Brand Strategy 160

FIG. 17 Global GDP Map 2014 163

FIG. 18 Global Marine Scrubber Sales and Growth Rate Forecast (2018-2027) 164

FIG. 19 Global Marine Scrubber Revenue (Million USD) and Growth Rate Forecast (2018-2027) 165

FIG. 20 United States Marine Scrubber Sales (units) and Growth Rate Forecast (2018-2027) 166

FIG. 21 United States Marine Scrubber Revenue( Million USD) and Growth Rate Forecast (2018-2027) 167

FIG. 22 Global Marine Scrubber Revenue Market Share Forecast by Regions (2018-2027) 169

FIG. 23 North America Marine Scrubber Sales (Units) and Growth Rate Forecast (2018-2027) 170

FIG. 24 North America Marine Scrubber Revenue (Million USD) and Growth Rate Forecast (2018-2027) 171

FIG. 25 Europe Marine Scrubber Sales (Units) and Growth Rate Forecast (2018-2027) 172

FIG. 26 Europe Marine Scrubber Revenue (Million USD) and Growth Rate Forecast (2018-2027) 173

FIG. 27 Asia-Pacific Marine Scrubber Sales Units) and Growth Rate Forecast (2018-2027) 174

FIG. 28 Asia-Pacific Marine Scrubber Revenue (Million USD) and Growth Rate Forecast (2018-2027) 175

FIG. 29 South America Marine Scrubber Sales ( Units) and Growth Rate Forecast (2018-2027) 176

FIG. 30 South America  Marine Scrubber Revenue (Million USD) and Growth Rate Forecast (2018-2027) 177

FIG. 31 Middle East and Africa Marine Scrubber Sales ( Units) and Growth Rate Forecast (2018-2027) 178

FIG. 32 Middle East and Africa Marine Scrubber Revenue (Million USD) and Growth Rate Forecast (2018-2027) 179

FIG. 33 Global Marine Scrubber Sales Forecast by Type (2018-2027) 181

FIG. 34 Global Marine Scrubber Revenue Market Share Forecast by Type (2018-2027) 183

FIG. 35 United States Marine Scrubber Sales Forecast by Type (2018-2027) 185

FIG. 36 United States Marine Scrubber Revenue Market Share Forecast by Type (2018-2027) 187

FIG. 37 Global Marine Scrubber Sales Forecast by Application (2018-2027) 189

FIG. 38 United States Marine Scrubber Sales Forecast by Application (2018-2027) 191

 

List of Tables

TABLE 1 Global Marine Scrubber Sales (Units) and Growth Rate Comparison by Types 32

TABLE 2 Global Marine Scrubber Sales (Units) by Types (2013-2018) 32

TABLE 3 Global Marine Scrubber Sales Share by Types (2013-2018) 33

TABLE 4 Global Marine Scrubber Revenue (Million USD) by Types (2013 - 2018) 35

TABLE 5 Global Marine Scrubber Revenue Share by Types (2013 - 2018) 35

TABLE 6 Global Marine Scrubber Price (USD Million/Unit) by Types (2013-2018) 37

TABLE 7 United States Marine Scrubber Sales (Units) and Growth Rate Comparison by Types 38

TABLE 8 United States Marine Scrubber Sales (Units) by Types (2013-2018) 38

TABLE 9 United States Marine Scrubber Sales Share by Types (2013-2018) 39

TABLE 10 United States Marine Scrubber Revenue (Million USD) by Types (2013 - 2018) 41

TABLE 11 United States Marine Scrubber Revenue Share by Types (2013 - 2018) 41

TABLE 12 United States Marine Scrubber Price (USD Million/Unit) by Types (2013-2018) 44

TABLE 13 Global Marine Scrubber Sales (Unit) by Application (2013-2027) 47

TABLE 14 Global Marine Scrubber Sales (Unit) by Application (2013-2027) 47

TABLE 15 Global Marine Scrubber Sales Share by Application (2013-2027) 48

TABLE 16 United States Marine Scrubber Sales (Unit) by Application (2013-2027) 50

TABLE 17 United States Marine Scrubber Sales (Unit) by Application (2013-2027) 50

TABLE 18 United States Marine Scrubber Sales Share by Application (2013-2027) 51

TABLE 19 Marine Scrubber Revenue (Million USD) and CAGR Comparison by Regions (2013-2027) 53

TABLE 20 Global Marine Scrubber Sales (Units) by Regions (2013-2018) 60

TABLE 21 Global Marine Scrubber Sales Market Share by Regions (2013-2018) 61

TABLE 22 Global Marine Scrubber Revenue (Million USD) by Regions (2013-2018) 65

TABLE 23 Global Marine Scrubber Revenue Market Share by Regions (2013-2018) 66

TABLE 24 Global Marine Scrubber Sales (Units), Revenue (Million USD), Price (Million USD/Unit) and Gross Margin (2013-2018) 69

TABLE 25 North America Marine Scrubber Sales (Units), Revenue (Million USD), Price (Million USD/Unit) and Gross Margin (2013-2018) 69

TABLE 26 Europe Marine Scrubber Sales (Units), Revenue (Million USD), Price (Million USD/Unit) and Gross Margin (2013-2018) 70

TABLE 27 Asia-Pacific Marine Scrubber Sales (Units), Revenue (Million USD), Price (Million USD/Unit) and Gross Margin (2013-2018) 70

TABLE 28 South America Marine Scrubber Sales (Units), Revenue (Million USD), Price (Million USD/Unit) and Gross Margin (2013-2018) 71

TABLE 29 Middle East and Africa Marine Scrubber Sales (Units), Revenue (Million USD), Price (Million USD/Unit) and Gross Margin (2013-2018) 71

TABLE 30 United States Marine Scrubber Sales (Units), Revenue (Million USD), Price (Million USD/Unit) and Gross Margin (2013-2018) 72

TABLE 31 Global Marine Scrubber Sales (Units) of Key Players (2016-2018) 73

TABLE 32 Global Marine Scrubber Sales Share of Key Players (2016-2018) 74

TABLE 33 Global Marine Scrubber Revenue by Players (2016-2018) 75

TABLE 34 Global Marine Scrubber Revenue Share by Players (2016-2018) 76

TABLE 35 Global Market Marine Scrubber Average Price (Million USD/Unit) by Players (2016-2018) 78

TABLE 36 Global Marine Scrubber Top Players Manufacturing Base Distribution and Sales Area 79

TABLE 37 United States Marine Scrubber Sales (Units) by Players (2016-2018) 83

TABLE 38 United States Marine Scrubber Sales Share by Players (2016-2018) 84

TABLE 39 United States Marine Scrubber Revenue (Million USD) by Players (2016-2018) 86

TABLE 40 United States Marine Scrubber Revenue Share by Players (2016-2018) 87

TABLE 41 United States Market Marine Scrubber Average Price (Million USD/Unit) by Players (2016-2018) 89

TABLE 42 Company Profile of Wärtsilä 91

TABLE 43 Marine Scrubber Industry Sales, Revenue, Price and Gross Margin of Wärtsilä 2016-2018 94

TABLE 44 Company Profile of Alfa Laval 97

TABLE 45 Marine Scrubber Industry Sales, Revenue, Price and Gross Margin of Alfa Laval 2016-2018 99

TABLE 46 Company Profile of Yara Marine Technologies 103

TABLE 47 Marine Scrubber Industry Sales, Revenue, Price and Gross Margin of Yara Marine Technologies 2016-2018 104

TABLE 48 Company Profile of Belco Industries Inc 108

TABLE 49 Marine Scrubber Industry Sales, Revenue, Price and Gross Margin of Belco Industries Inc 2016-2018 110

TABLE 50 Company Profile of Ocean Engineering Corporation 114

TABLE 51 Company Profile of VDL AEC Maritime 117

TABLE 52 Company Profile of Fuji Electric Co., Ltd. 120

TABLE 53 Marine Scrubber Industry Sales, Revenue, Price and Gross Margin of Fuji Electric Co., Ltd. 2013-2018 122

TABLE 54 Company Profile of Clean Marine AS 126

TABLE 55 Company Profile of Puyier 129

TABLE 56 Company Profile of Shanghai Cyeco Environmental Technology Co., Ltd 131

TABLE 57 Manufacturing Cost Structure 141

TABLE 58 Global Marine Scrubber Sales (Units) Forecast by Regions (2018-2027) 168

TABLE 59 Global Marine Scrubber Sales (Units) Forecast by Type (2018-2027) 180

TABLE 60 Global Marine Scrubber Revenue (Million USD) Forecast by Type (2018-2027) 182

TABLE 61 United States Marine Scrubber Sales (Units) Forecast by Type (2018-2027) 184

TABLE 62 United States Marine Scrubber Revenue (Million USD) Forecast by Type (2018-2027) 186

TABLE 63 Global Marine Scrubber Sales (Units) Forecast by Type (2018-2027) 188

TABLE 64 United States Marine Scrubber Sales (Units) Forecast by Type (2018-2027) 190

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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